Bloomberg General Electric Co. Chief Executive Officer John Flannery is taking the biggest step yet in his plan to revitalise the beleaguered manufacturer, agreeing to merge its century-old locomotive business with Wabtec Corp. in a deal valued at $11.1 billion. GE and its shareholders will own 50.1 percent of the combined company, giving the parent an ongoing stake in the ...

Bloomberg Facebook Inc. co-founder Mark Zuckerberg’s testimony to the European Parliament on Tuesday on the Cambridge Analytica scandal will be broadcast live on the internet. Zuckerberg agreed to the web feed after talks with Antonio Tajani, the president of the parliament. The proceedings, scheduled for the late afternoon in Brussels, were to take place behind closed doors. “Great news for ...

Bloomberg Fear of missing out may persuade Americans with an eye on buying a home to hurry their decision before it gets more expensive. But while demand shows few signs of teetering, jumps in both property values and borrowing costs will test the market’s durability. Home sales are now hovering near expansion highs, though momentum has been kept in check ...