GE and Wabtec agree to $11.1 billion locomotive merger
GE to merge its locomotive business with Wabtec in a tax free deal valued at 11.1 billion. GE and Wabtec to own 50.1 percent each, cash upfront of 2.9 billion, aiming to reduce cyclicality and refocus on aviation and energy while expanding Wabtec revenue and capacity.
MENTIONED IN THIS ARTICLE
General Electric
John Flannery
Wabtec Corp
Flannery
Wabtec
Wilmerding
Raymond Betler
GE Transportation
Erie
Fort Worth
Texas
Iowa selects 62 Opportunity Zones across state
Gov. Reynolds nominated a 62 tract roster for Opportunity Zones and Treasury designated all 62. Projects eligible span startups housing and infrastructure with final federal rules pending. Senator Ernst voiced optimism that private investment will spur growth in communities like Coral Ridge Mall and the Procter & Gamble plant area.
MENTIONED IN THIS ARTICLE
Coral Ridge
Clear Creek
First Avenue
Iowa City
Procter & Gamble
Iowa Economic Development Authority
Kim Reynolds
Treasury Department
Reynolds
Department of Treasury
U.S
Joni Ernst
Iowa
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NYSE
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Penney
GenElec
Dow Jones Indus
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Wilshire
Russell
Fed
CME
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Eastern Iowa
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AGCO
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Alcoa
HomeDp
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Dodge & Cox Income Va
Honvellin
SLM
Ameren
Inelsek
Stock
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Souret
Eaton Vance Arch Dan
IBM
Hal Starbuck
At&t
Fidelity Contra
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Tangeria
Bbat Cp Groweo
Kohls
Nordich
Best Buy
Target Fidelity Select
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Terex
Commeg
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Egind
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Verizont
Cdnnry T Rowe Price Meredith
Chevron
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MetLife
WalMart
Dillards
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Merger
Joomberg News
Bloomberg
Patane
Thegazette
U.S. Department of the Treasury
Cedar Rapids
Coralville
Armn
16Th Ave
Wlount Vernon Rd
As Et
Melrose Ave
Department of the Treasury
the Gazette
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