Alstom shares jump on report of $13 billion GE bid


PARIS - Shares of Alstom jumped 10.9 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.

Zimmer to buy Biomet for $13.35 billion in latest consolidation 6:43pm BST

- Zimmer Holdings Inc said on Thursday it would buy rival orthopedic products maker Biomet Inc for more than $13 billion, the latest deal in a wave of consolidations in the healthcare industry.


Dollar Tree, Dillard's agree to boost oversight at supplier factories 10:31pm BST

NEW YORK - Dollar Tree Inc and Dillard's Inc have agreed to boost oversight to ensure worker safety at their suppliers' factories, and as a result the overseer of New York state's public pension fund said he has withdrawn shareholder proposals on the issue.

Caterpillar-backed Neovia Logistics explores sale: sources 8:32pm BST

NEW YORK - 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.

Bazaarvoice agrees to sell assets under U.S. pressure 10:35pm BST

WASHINGTON - Software company Bazaarvoice Inc has agreed to undo a 2012 merger with a rival that had been challenged by the U.S. government, the Justice Department said on Thursday.

Warburg Pincus to take majority stake in startup PayScale 9:54pm BST

- Private equity firm Warburg Pincus has agreed to take a majority stake in software startup PayScale, which offers compensation data to individuals and companies.

Big U.S. flour merger closer to completion with mill sale 5:36pm BST

- U.S. food and grain-handling companies ConAgra Foods Inc , Cargill Inc and CHS Inc have moved closer to sealing a deal to merge their North American flour mill operations by agreeing to sell four mills to a Japanese company.

Elizabeth Arden hires Goldman to explore sale: sources 5:26pm BST

NEW YORK - Elizabeth Arden Inc has hired Goldman Sachs Group to explore a sale and reached out to a small group of potential buyers, according to people familiar with the matter.


Slim seeks to build Telekom Austria into European player 5:59pm BST

VIENNA - Mexican tycoon Carlos Slim plans to use Telekom Austria as a base to build up his presence in European telecoms after sealing a deal with the Austrian state to take control of the company.


Kering says will make acquisitions only once Puma turned around 6:01pm BST

PARIS - French luxury and sports brand group Kering on Thursday said it would go back on the acquisition trail in the sports and lifestyle sector only once it had turned around Puma.

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