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GENERAL ELECTRIC CO. has agreed to merge its locomotive business with Wabtec Corp. in a deal valued at $11.1 billion. /BLOOMBERG FILE PHOTO/LUKE SHARRETT

GE revamp picks up pace with $11.1B Wabtec rail deal

NEW YORK - General Electric Co. CEO John Flannery is taking the biggest step yet in his plan to revitalize the beleaguered manufacturer, agreeing to...
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