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US railroads seek approval for $85 billion merger

WASHINGTON, April 30 (Reuters) - Union Pacific and Norfolk Southern on Thursday submitted a revised merger application with the Surface Transportation Board, seeking approval of its $85 billion tie-up to create the first U.S. coast-to-coast freight rail operator. The railroads said the deal would save... Read More.

Kone to buy rival TK Elevator in $34.4 billion deal

HELSINKI, April 29 (Reuters) - Finnish lift maker Kone said on Wednesday it had agreed to buy its German rival TK Elevator in a transaction valued at 29.4 billion euros ($34.40 billion), which would create the world's largest lift maker. The deal with private... Read More.