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Due Diligence
The law firm that perfected the Texas two-step Premium content
...The firm has successfully marketed the Texas two-step to Koch Industries’ manufacturer Georgia-Pacific (which battled its own asbestos claims in 2017) as well as the US unit of France-based Saint-Gobain,...
February 8, 2022
News in-depthNikkei Asia
US red states’ love affair with Chinese investment Premium content
...Other southern states, including North and South Carolina, Tennessee, Louisiana, Georgia, Mississippi, Alabama and Kentucky all now host Chinese factories....
January 12, 2020
FT Live
Innovative Lawyers Awards Asia-Pacific
Celebrating innovations from both law firms and in-house teams in the region
Thursday, 16 MayHong Kong
UK inward investment
Britain turns to South Korea to salvage Moorside nuclear project
...Westinghouse, a subsidiary of Toshiba, last week filed for bankruptcy protection in the US after big cost overruns at nuclear power projects in South Carolina and Georgia....
April 3, 2017
Energy sector
Toshiba sells nuclear group Westinghouse in $4.6bn deal
...The other project, in Georgia, is still going ahead after state regulators gave their approval last month, despite complaints that it is an uneconomic way to meet future electricity demand....
January 4, 2018
Markets
Fast Asia Open: RBA meeting minutes, Philippines balance of payments
...“The US attorney for the northern district of Georgia is working with the FBI to conduct a criminal investigation into the Equifax breach and resulting theft of personal information,” said John Horn, the...
September 18, 2017
News in-depthThe Big Read
Nuclear’s hazards: struggling industry aims for power surge
...One, at the VC Summer plant in South Carolina, was suspended last year due to escalating costs and the other, at Plant Vogtle in Georgia, has required billions of dollars of additional investment and federal...
February 4, 2018
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
Markets
Fast Asia Open: Japan machine orders, Malaysia industrial output
...Irma is then forecast to swing inland towards Georgia on Monday. The National Hurricane Center issued tornado warnings throughout southern Florida....
September 10, 2017
European equities
Fast Europe Open: Norway CPI, Italy industrial output
...It is expected to swing in land towards Georgia on Monday....
September 11, 2017
US & Canadian companies
Westinghouse nuclear project halted in South Carolina
...station is one of two nuclear plants being built by Westinghouse in the US and its suspension will raise further doubts about the future of the other, known as Plant Vogtle, owned by Southern Company in Georgia...
July 31, 2017
Technology sector
Toshiba shares sink ahead of US court ruling
...In June, the company agreed a similar deal with partners involved with the Vogtle nuclear plant in Georgia, capping remaining costs at $3.68bn....
July 28, 2017
US & Canadian companies
Toshiba under pressure over the future of its US nuclear unit
...The US government has also offered loan guarantees totalling $8.3bn to finance the nuclear project in Georgia. Toshiba said this month it wanted to sell its controlling stake in Westinghouse....
March 26, 2017
US & Canadian companies
Toshiba’s Westinghouse seeks Chapter 11 bankruptcy protection
...The future of the nuclear power stations in Georgia and South Carolina is unclear....
March 29, 2017
LexUS & Canadian companies
Toshiba/Westinghouse: dangerous decommissioning Premium content
...The US government is financially embroiled, given that it has extended loan guarantees of $8.3bn to the Georgia project....
March 29, 2017
Fukushima nuclear accident
Toshiba eyes sale of its ailing US nuclear business
...Westinghouse’s problems stem primarily from cost overruns and delays relating to the construction of nuclear power plants in Georgia and South Carolina in the US....
March 14, 2017
Japanese business & finance
Toshiba warns of ‘substantial doubt’ on staying in business
...The writedown by Toshiba focuses mainly on Westinghouse’s acquisition in 2015 of Stone & Webster, a nuclear construction company involved in the two US projects in Georgia and South Carolina....
April 11, 2017
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
News in-depthUS & Canadian companies
Toshiba at increased risk of losing listed status, say experts
...lawyers that were commissioned by Toshiba in relation to Westinghouse’s acquisition in 2015 of US nuclear construction company Stone & Webster, which is involved in the two troubled reactor projects in Georgia...
April 12, 2017
US & Canadian companies
Toshiba nuclear unit hires specialist bankruptcy lawyers
...Westinghouse’s problems stem primarily from large cost overruns and delays relating to the construction of nuclear power plants in Georgia and South Carolina in the US....
March 9, 2017
FTfmJohn Dizard
Westinghouse shattered the US infrastructure dream
...The end came thanks to overruns on two nuclear plant projects, one for the Georgia-based Southern Company and one for Scana in South Carolina, that were started back in 2008....
April 13, 2017
Energy sector
Westinghouse files for Chapter 11 bankruptcy protection
...The demise of Westinghouse, a storied US industrial name founded by inventor George Westinghouse in 1886, has been caused by spiraling overruns at nuclear power plants in South Carolina and Georgia, which...
March 29, 2017
News in-depthEnergy sector
Westinghouse faces tough negotiation over troubled US projects
...All sides say they are still determined that the new Westinghouse AP1000 reactors being built at the Vogtle plant in Georgia and the VC Summer plant in South Carolina will be completed....
March 29, 2017
Fukushima nuclear accident
Toshiba faces challenges as it prepares for nuclear writedown
...Even if Toshiba addresses the goodwill on the latest S & W acquisition, it still faces rising material and labour costs to complete the two US nuclear plants, in Georgia and South Carolina....
February 12, 2017
News in-depthUS & Canadian companies
Toshiba nuclear debacle puts governance in spotlight
...This acquisition was approved by Toshiba’s board, and was one of several agreements intended to end legal disputes between Westinghouse and the utilities that will own the new power plants in Georgia and...
March 27, 2017
US politics & policy
China set to supply components to US nuclear power plants
...The reactors in Georgia and South Carolina are the first US nuclear plants to be built since the accident at the Three Mile Island plant in 1979....
October 30, 2013
US & Canadian companies
Koch Industries to buy Molex for $7.2bn
...The transaction is the second-largest to date by Koch Industries, one of the US’s largest privately held companies, after its 2005 acquisition of Georgia-Pacific, which valued the paper and pulp group’s...
September 9, 2013
US & Canadian companies
CB&I in $3bn buyout of Shaw
...It is also developing a nuclear plant in Georgia and building four nuclear units in China with Westinghouse....
July 30, 2012

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