Westinghouse Air Brake Technologies Corp (WAB.N)
General Electric Co is working with investment bankers to find ways to shed its insurance business, which has caused it to book hefty charges while sparking shareholder lawsuits and an investigation by U.S. regulators, people familiar with the matter said on Tuesday.
General Electric Co announced a $11.1 billion deal on Monday to merge its transportation business with U.S. rail equipment manufacturer Wabtec Corp , with GE and its shareholders owning just over half of the combined business. | Video
* GE, shareholders to have 50.1 pct stake in merged firm (Adds details on the deal, Breakingviews link, updates shares)
* WABTEC - TRANSACTION IS VALUED AT APPROXIMATELY $11.1 BILLION
May 21 General Electric Co confirmed on Monday it will merge its transportation business that makes train engines with Wabtec Corp, a U.S. manufacturer of equipment for the rail industry, in a deal valued at about $11.1 billion.
General Electric Co is nearing a deal to merge its transportation business, which manufactures train engines, with Wabtec Corp , a U.S. maker of equipment for the rail industry, two people familiar with the matter said on Sunday.
* WABTEC PLANS TO AFFIRM 2018 FINANCIAL GUIDANCE AND LONG-TERM FINANCIAL TARGETS AT INVESTOR DAY
BEIJING, April 28 China started loading fuel this week at a Westinghouse-designed AP1000 nuclear reactor - the world's first - in Sanmen, eastern Zhejiang province, as the long-delayed project took a key step towards becoming operational.
* WABTEC REPORTS 1Q EPS OF 92 CENTS, AFFIRMS FULL-YEAR GUIDANCE
General Electric Co is exploring merging its transportation business, which manufactures train engines, with Wabtec Corp , a U.S. maker of equipment for the rail industry, a person familiar with the matter said on Friday.