NEW YORK - With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Bombardier wins $631 million train order
(Reuters) - Bombardier Inc's (BBDb.TO) train unit signed a contract with the San Francisco Bay Area Rapid Transit District (BART) to deliver 260 new rail cars for $631 million.
The contract includes a first option order for 150 cars that BART intends to order on June 25 and other options, which if exercised would bring the total value of the order to about $1.5 billion.
Delivery of 10 pilot cars is scheduled to take place in the spring of 2015.
Bombardier's shares closed at C$3.81 on the Toronto Stock Exchange on Thursday.
(Reporting by Ankur Banerjee in Bangalore; Editing by Joyjeet Das)
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