FTC approves GE purchase of Avio's aviation business

WASHINGTON Fri Jul 19, 2013 5:48pm EDT

WASHINGTON (Reuters) - General Electric (GE.N) won U.S. antitrust approval for its $4.3 billion bid for Italian plane components maker Avio, the Federal Trade Commission said on Friday.

General Electric won EU clearance for the transaction on Tuesday, after agreeing to protect strategic information related to the Eurofighter project.

(Reporting by Diane Bartz)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.