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Industry, Materials & Utilities Headlines

GE faces EU probe related to LM Wind Power deal

General Electric Co said on Monday that the European Union's competition watchdog is investigating whether the industrial conglomerate provided misleading information during a merger review.

Cross-border M&A between U.S. and European firms at 10 year high

Some $171.8 billion of cross-border merger and acquisition deals between U.S. and European companies have been announced so far in 2017, the highest figure at this stage of the year for a decade as companies on both sides of the Atlantic hunt for deals to offset sluggish growth.

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Trump budget poised to slash healthcare for poor, other programs

WASHINGTON The White House is set to release President Donald Trump's first full budget on Tuesday, a plan that will include a cut of more than $800 billion from the Medicaid program for the poor and reductions in other social spending.