Business

3Novices:Exclusive: GE nears deal to merge transportation unit with Wabtec – sources

(Reuters) – 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.


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Business

3Novices:UAE to allow 100 percent foreign ownership of businesses by year-end

DUBAI (Reuters) – The United Arab Emirates cabinet approved steps on Sunday that would allow for 100 percent ownership of UAE-based businesses by foreign investors by year-end, the state news agency WAM said.


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