Reuters: Global Markets: Hitachi, Mitsubishi Heavy up after combining thermal power ops

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Hitachi, Mitsubishi Heavy up after combining thermal power ops Nov 30th 2012, 00:14 TOKYO | Thu Nov 29, 2012 7:14pm EST TOKYO (Reuters) - Shares of Hitachi Ltd (6501.T) and Mitsubishi Heavy Industries Ltd (7011.T) rose sharply on Friday after the two companies said they would combine their thermal power businesses to compete against bigger overseas rivals such as General Electric Co (GE.N). Hitachi shares, the most traded on the main board by turnover, rose 2.8 percent to 470 yen, a two-month high. Mitsubishi Heavy climbed 3 percent to 383 yen, hitting a seven-month high. It was the second-most traded stock.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions