Finning International wins &#36;50M U.K. distribution deal with Perkins Engines
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VANCOUVER (CP) - Finning International Inc. has been given the United Kingdom distribution rights for diesel engine maker Perkins Engines, the Caterpillar heavy equipment supplier said Thursday.
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International Business Machines Corp. said Wednesday it signed a pair of outsourcing contracts worth more than &#36;1 billion with two Danish companies, continuing the computer giant's push into northern Europe.
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General Motors Corp.  on Thursday  said it reached a deal to sell its Allison Transmission unit  for $5.6 billion to private-equity firms Carlyle Group and Onex  Corp.
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The British power and gas system operator National Grid Transco PLC said Tuesday it has sold four regional natural gas distribution networks for 5.8 billion pounds (&#36;10.4 billion) in three deals.
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General Motors said it was buying 50 percent of the Italian diesel engine maker VM Motori from Penske Corporation.
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French PSA Peugeot Citroen and Mitsubishi Motors Corp. of Japan signed a partnership plan to make a four-wheel-drive vehicle in Japan for sale in Europe.
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Hundreds of jobs at an aviation plant are secured in a deal to service the engines for the Airbus A380 superjumbo.
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WASHINGTON, DC, Aug. 25 -- US and UK regulators Tuesday confirmed a $150 million settlement with Royal Dutch/Shell Group that the company first disclosed last month.
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The PIMCO mutual fund group has agreed to pay &#36;50 million to settle fraud charges involving improper rapid dealing in mutual fund shares, the U.S. Securities and Exchange Commission said on Monday.
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Record-high oil prices might seem like bad news for the auto industry. But one European manufacturer plans to make a type of car unaffected by &#36;50-a-barrel crude &#151; cars that run on compressed air.
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GE Aviation  will sign a $550 million deal with Shanghai Airlines for nine aircraft engines and a related service contract, the U.S. Commerce Department said in a statement on Wednesday.
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The aerospace giant Rolls-Royce has announced a deal potentially worth more than 500 million dollars (393 million euros) from Chinese regional carrier Hainan Airlines (HNA) to supply engines for its newly-acquired 50 Embraer jets.
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General Electric Co. completed the sale of a majority stake in its global outsourcing business to two U.S.-based equity firms for &#36;500 million, the conglomerate said Friday.
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New Zealand-based professional services firm Opus International Consultants said today it had acquired Evans Grant Consulting, of the United Kingdom.
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Moet Hennessy Investissements, a subsidiary of the French luxury group LVMH, said it had agreed to terms with Scottish whisky producer Glenmorangie for a 300-million pound (545-million-dollar) bid for the company.
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VANCOUVER (CP) - Ballard Power Systems Inc., the hydrogen fuel cell maker, has exercised its right to claim a $55-million investment from DaimlerChrysler and Ford Motor, part of an agreement signed last Dec. 31.
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Rolls-Royce, the maker of plane engines, said Tuesday that it has won an engine order from Oman Air worth 460 million dollars (311 million euros) at list prices.