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profits


Siemens Reportedly Downsizing Power and Gas Business 

Stricken by falling orders for large gas turbines, global technology conglomerate Siemens AG is reportedly moving to downsize its Power and Gas segment. The changes may include closure or sale…


Bankrupt GenOn to Officially Split from NRG Energy

GenOn has begun its transition back into a standalone power generation company after NRG Energy—which acquired it in a $1.7 billion deal just five years ago—struck a comprehensive restructuring agreement…