Machinery – The News Desk

Trane Technologies Subsidiaries to Remain in Texas Two-Step Bankruptcies

29Dec

By adminNo Comments

World

Trane Technologies Subsidiaries to Remain in Texas Two-Step Bankruptcies

Dec. 29, 2023 2:04 pm ET|WSJ ProA bankruptcy judge is allowing U.S. affiliates of Irish air conditioning manufacturer Trane Technologies to remain in bankruptcy, denying a request from asbestos-injury claimants to dismiss the cases created through a controversial strategy known as the Texas Two-Step. Judge J. Craig Whitley of the U.S. Bankruptcy Court in Charlotte, N.C. issued his decision Thursday, rejecting the request to dismiss the chapter 11 cases. Trane placed subsidiaries Aldrich Pump and Murray Boiler under bankruptcy in June 2020 to handle about 90,000 asbestos-related lawsuits. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

China Is Stealing AI Secrets to Turbocharge Spying, U.S. Says

25Dec

By adminNo Comments

World

China Is Stealing AI Secrets to Turbocharge Spying, U.S. Says

Updated Dec. 25, 2023 12:01 am ETOn a July day in 2018, Xiaolang Zhang headed to the San Jose, Calif., airport to board a flight to Beijing. He had passed the checkpoint at Terminal B when his journey was abruptly cut short by federal agents.After a tipoff by Apple’s security team, the former Apple employee was arrested and charged with stealing trade secrets related to the company’s autonomous-driving program.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

14Dec

By adminNo Comments

World

ESG Roundup: Market Talk – WSJ

Updated Dec. 14, 2023 12:33 pm ETThe latest Market Talks covering ESG Impact Investing. Published exclusively on Dow Jones Newswires at 10:00 ET and 17:00 ET.0618 ET – China’s manufacturing costs for solar modules have fallen significantly in the last year, boosting the country’s competitiveness against Europe and the U.S., according to a Wood Mackenzie report. The cost of producing modules has fallen by 42% on year to $0.15 a watt in December, compared with $0.30 a watt in Europe and $0.40 a watt in the U.S., data from the consultancy group shows. “As the world’s solar module powerhouse, China commands 80% of global manufacturing capacity and this is being reflected in soaring domestic installations,” the report says. “This year its domestic solar additions will be double those of the U....

Sandbrook Capital Raises $2.1 Billion to Back Climate-Infrastructure Deals

14Dec

By adminNo Comments

World

Sandbrook Capital Raises $2.1 Billion to Back Climate-Infrastructure Deals

Dec. 14, 2023 6:30 am ET|WSJ ProSandbrook Capital has amassed $2.1 billion to invest in renewable-energy businesses, as the private-equity firm shifts its focus to the U.S. with its debut fund after making its first deals in Europe.The Stamford, Conn.-based clean-energy investor wrapped up its Sandbrook Climate Infrastructure Fund I with $1.5 billion, or 50% more than its initial $1 billion goal. The firm also collected slightly over $600 million for related co-investment vehicles, said Kenneth Ryan, a Sandbrook partner. Roughly 35 investors backed the fund, he said. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

The Dow Jones Industrial Average Is So Back. Here Are the Stocks Sending It to New Highs.

13Dec

By adminNo Comments

Money

The Dow Jones Industrial Average Is So Back. Here Are the Stocks Sending It to New Highs.

The Dow Jones Industrial Average is poised to become the first major U.S. stock index to set a record since the Federal Reserve started raising interest rates.Investors on Wednesday drove the blue-chip index up more than 225 points to 36805, after Federal Reserve officials penciled in three interest-rate cuts next year at the conclusion of their December meeting. The rally puts the benchmark on the cusp of topping its previous closing high of 36799.65 set on Jan. 4, 2022. The 30-stock index has risen for six consecutive weeks and is up 10% this year through Tuesday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Honeywell to Buy Carrier Unit for $5 Billion

8Dec

By adminNo Comments

Money

Honeywell to Buy Carrier Unit for $5 Billion

Honeywell International has struck a roughly $5 billion deal to buy Carrier Global’s security business, as the industrial giant embarks on a spending spree to bolster its portfolio. The security business makes products including electronic locks for big companies, hotels and hospital chains. The acquisition is meant to help bulk up Honeywell’s Building Automation segment, whose customers include hospitals, airports, data centers and the like. It is part of a push by the Charlotte, N.C.-based company, which operates in industries ranging from aerospace to energy, to meet increasing demand for cloud-based products. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

8Dec

By adminNo Comments

World

Honeywell to Buy Carrier Unit for $5 Billion

Honeywell International has struck a roughly $5 billion deal to buy Carrier Global’s security business, according to people familiar with the matter, as the industrial giant embarks on a spending spree to bolster its portfolio. The security business makes products including electronic locks for big companies, hotels and hospital chains. The acquisition would bulk up Honeywell’s Building Automation segment, whose customers include hospitals, airports, data centers and the like. It is part of a push by the Charlotte, N.C., company, which operates in industries ranging from aerospace to energy, to meet increasing demand for cloud-based products. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

The New Green Investment: Getting Clean Energy to Big Cities

5Dec

By adminNo Comments

World

The New Green Investment: Getting Clean Energy to Big Cities

Updated Dec. 4, 2023 7:45 am ETU.S. cities racing to cut their emissions are facing a roadblock: They can’t access the wind and solar power being developed in remote sites hundreds of miles away.Now a group of investors is betting on a startup that builds massive transmission lines to carry renewable electricity to urban areas.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

4Dec

By adminNo Comments

Money

The New Green Investment: Getting Clean Energy to Big Cities

U.S. cities racing to cut their emissions are facing a roadblock: They can’t access the wind and solar power being developed in remote sites hundreds of miles away.Now a group of investors is betting on a startup that builds massive transmission lines to carry renewable electricity to urban areas.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

4Dec

By adminNo Comments

World

The New Green Investment: Getting Clean Energy to Big Cities

U.S. cities racing to cut their emissions are facing a roadblock: They can’t access the wind and solar power being developed in remote sites hundreds of miles away.Now a group of investors is betting on a startup that builds massive transmission lines to carry renewable electricity to urban areas.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8