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  • GE boss to meet French minister as Alstom deal progresses Saturday, 26 Apr 2014 | 10:01 AM ET

    PARIS, April 26- General Electric boss Jeff Immelt is due in Paris on Sunday and is expected to meet France's economy minister as he closes in on a deal to buy the global power arm of struggling French engineer Alstom, sources close to the matter said. Some put a $13 billion valuation on Alstom's turbines and power grid equipment business.

  • PARIS, April 25- U.S. industrial products giant General Electric is in talks to buy the global power turbines division of struggling French engineering group Alstom, according to two sources familiar with the discussions.

  • TOKYO/ NEW DELHI, April 25- Japanese telecoms giant NTT DoCoMo Inc said on Friday it was seeking to sell, likely at a deep discount, its stake in a loss-making Indian joint venture with diversified conglomerate Tata Group, bowing out of the world's second-biggest mobile phone market.

  • NEW YORK, April 24- Neovia Logistics LLC, a logistics services provider backed by industrial equipment conglomerate Caterpillar Inc, is exploring a sale that could value the company at more than $1 billion, according to people familiar with the matter.

  • UPDATE 4-Alstom shares jump on report of $13 bln GE bid Thursday, 24 Apr 2014 | 12:36 PM ET

    *Alstom shares up more than 14 percent. PARIS, April 24- Shares in Alstom jumped more than 14 percent on Thursday after a report that U.S. conglomerate General Electric was in talks to buy the struggling French turbine and train maker for about $13 billion.

  • UPDATE 3-Alstom shares jump on report of GE bid Thursday, 24 Apr 2014 | 8:08 AM ET

    *Alstom shares up more than 14 percent. *GE declines to comment; Bouygues supports Alstom strategy. A deal, which would be GE's biggest ever and would hand it control of Alstom's high-speed TGV trains and rail-signal technology, has the support of Bouygues, Alstom's biggest shareholder with a 29 percent stake, the report said.

  • PARIS/ NEW YORK, April 24- Alstom said on Thursday it was not informed of any potential public tender offer for its shares, which opened 17 percent higher after Bloomberg reported that General Electric was in talks to buy the French turbine and train maker for about $13 billion.

  • NEW YORK, April 23- Warren Buffett, chairman of conglomerate Berkshire Hathaway, said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely. Oil by rail has surged in recent years, helped by a boom in North Dakota.

  • NEW YORK, April 23- Warren Buffett, chairman of conglomerate Berkshire Hathaway, said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely. Oil by rail has surged in recent years, helped by a boom in North Dakota.

  • NEW YORK, April 23- Warren Buffett, chairman of conglomerate Berkshire Hathaway, said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely. Oil by rail has surged in recent years, helped by a boom in North Dakota.

  • UPDATE 1-GE in talks to buy France's Alstom - Bloomberg Wednesday, 23 Apr 2014 | 6:11 PM ET

    April 23- General Electric Co is in talks to buy French turbine and train maker Alstom SA for about $13 billion, Bloomberg reported, citing people with knowledge of the matter.

  • BEIJING, April 22- Far from the spotlight, in secretive high-level meetings and company boardrooms, Beijing is drawing up one of the country's thorniest reforms: an overhaul of China's hugely inefficient state-owned industry.

  • China Resources chairman sacked amid investigation Friday, 18 Apr 2014 | 11:22 PM ET

    An executive under investigation for suspected corruption has been sacked as chairman China Resources Holdings the Xinhua news reported.

  • RIO DE JANEIRO, April 18- Brazils federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering, Brazilian media reported on Friday.

  • GE narrowly beats as transport revenue slides Thursday, 17 Apr 2014 | 10:42 AM ET

    GE reported a decline in net income amid lower revenue in its transportation business, yet overall industrial profit rose by 12 percent.

  • DUBAI, April 17- Amina al-Rustamani, a member of a prominent UAE family, raised eyebrows among friends and relatives when she started her career in Dubai 13 years ago as an electrical engineer, becoming one of few females in the Middle East to enter the profession.

  • April 17- General Electric Co posted a 12 percent rise in overall industrial profits on Thursday, as strength in its businesses selling gas turbines, jet engines and oil industry equipment offset weakness in healthcare and transportation.

  • April 16- CBS Corp said on Wednesday that the Internal Revenue Service gave a favorable ruling to the company's plan to convert its outdoor advertising subsidiary, CBS Outdoor Americas Inc, into a real-estate investment trust. Media conglomerate CBS holds an 81 percent stake in CBS Outdoor, which went public in late March.

  • TOKYO, April 9- Japanese railway and property conglomerate Seibu Holdings slashed the estimated price of its initial public offering by as much as a third on Wednesday, leading its top shareholder Cerberus to forego an exit from an often fraught relationship.

  • *Tentative IPO price range at 1,600- 1800 yen vs earlier estimate 2,300 yen. TOKYO, April 9- Japanese railway and property conglomerate Seibu Holdings on Wednesday slashed the price of its initial public offering and said its largest shareholder, U.S. private equity firm Cerberus, would not participate in one of Japan's biggest IPOs this year.