General Electric (GE) chief executive John Flannery is taking the biggest step yet in his plan to revitalise the beleaguered manufacturer, agreeing to merge its century-old train engine business with Wabtec in a deal valued at $11.1bn (€9.4bn).

Losses among Boeing, General Electric and other big industrial companies weighed on US stocks on Thursday, pulling the market below the record highs it set the day before.

General Electric’s new boss is dramatically reshaping the company and slashing the dividend as he looks to pull the manufacturing company out of one of the deepest slumps in its 125-year history. The moves failed to win over investors.

Rising bond yields and a string of weak company reports and forecasts pushed US stocks lower on Wednesday as major indexes retreated from their recent record highs.

Dutch technology and health equipment giant Philips has said surging sales in China helped lift its profit by 12% in the third quarter of the year.

On the last page of a nine-page tax plan that calls for slashing business rates, US President Donald Trump and congressional Republicans last week proposed a new tax that may hit companies like Apple and Pfizer.

It began with weekend bootcamps. Now, as Pure Results grows from strength to strength, Kathryn Thomas and her sister Linda are turning their attention to the corporates. Vickie Maye meets the team and puts the programme to the test

US stocks rose today as banks continued to climb along with interest rates, and energy companies rallied again with oil prices.

Norwegian Air has said its Cork flights to Rhode Island remain on schedule for a July start despite Boeing suspending testing of its new aircraft due to engine issues. 

2016 was a pivotal year for construction activity in Cork and nationwide, up by 15% for the year ended, while further growth of up to 20% is expected locally and nationally in 2017, say international asset managers and professional advisory firm AECOM.

The 14 directors of the Irish arm of the world’s largest aircraft leasing firm last year shared a pay pot of $9.7m (€8.7m).

Billionaire currency trader George Soros has warned that a vote to leave the EU will trigger a plunge in the British pound greater than Black Wednesday but without the benefits seen after the crisis that made him a fortune.

Cork-based startup ShowGuider has won a major contract to develop a 3D model of the sprawling Dubai Airport Free Zone.

US stocks tumbled yesterday following a renewed selloff across stocks worldwide as scepticism about the strength of the global economy intensified.

Jobs at GE Healthcare in Cork are safe despite its parent firm slashing 6,500 positions across Europe.

Electrolux shares slumped more than 10% yesterday after a $3.3bn (€2.93bn) deal to buy General Electric’s appliance business fell through.

Get ready for a perfect Christmas party dress with Rachel Marie Walsh’s body-prep kit.

The 500 largest US companies hold more than $2.1trn (€1.87trn) in accumulated profits offshore to avoid US taxes and would collectively owe an estimated $620bn in US taxes if they repatriated the funds, according to a study released yesterday.

A picturesque seaside village is fighting back against the growing problem of rural isolation — with the planned provision of a community shop.

An Irish subsidiary of the world’s largest aircraft leasing firm recorded a 34% fall in pre-tax profits last year to $571m (€505.57m).

Tesla Motors’ plan to generate revenue by repackaging electric car batteries as home and business power storage systems faces stiff competition for both customers and the government subsidies that are critical to the market’s growth.

General Electric plans to sell the bulk of its $30bn (€28.2bn) property portfolio over the next two years as it returns to its industrial roots, and has set a share buyback plan of up to $50bn — the second-largest ever.

More than 18,000 mortgage holders are still awaiting clarification over the level of protection to be afforded them under proposed legislation as a row over the detail of the bill rumbles on.

Investment firms Värde Partners and KKR & Co, along with Deutsche Bank, have agreed to buy General Electric’s Australia and New Zealand financial services unit in what they described as one of the region’s largest private equity deals.

US President Barack Obama’s proposal to tax the offshore profits of US corporations could encourage all but the largest companies to follow their cash hoard overseas, according to business leaders and tax lawyers.

President Barack Obama yesterday proposed a $3.99 trillion budget for fiscal year 2016 that sets up a battle with Republicans over programmes to boost the middle class that are funded by higher taxes on corporations and wealthy Americans.

Google’s glory is it has increased access to information with the ingenuity of its search algorithm, says Richard Fitzpatrick

Pre-tax profits at a Shannon-based aircraft engine leasing firm fell 10% last year to $45.54m (€36.75m).

US stock indexes have closed out a wild week with a big gain.

The decision by Ethiopian Airlines to launch a service connecting Dublin with Adis Ababa and Los Angeles emphasises why free trade between small and large economies is so key.

Dublin-based helicopter-leasing firm Milestone Aviation Group is to be acquired by the sector’s biggest player, GE Capital Aviation Services, for nearly $1.8bn (€1.4bn).

'What does it take to live a life of fame? … really great lighting.'

The 14 directors of the Irish arm of the world’s largest aircraft leasing firm last year shared a pay pot of $15.27m (€11.2m).

Stocks fell for the first time in seven days on Wall Street, ending a run that had pushed the indexes to all-time highs.

France will be making a sound investment by taking a stake in Alstom, its chief executive said yesterday, adding, however, that the government would be buying in too late to have a say in the use of proceeds from its tie-up with General Electric.

An Irish subsidiary of the world’s largest aircraft leasing firm recorded a 4% decrease in pre-tax profits, last year, to $866.54 million (€637.2m).

In his first public comments about the 2012 Connecticut school massacre, the father of gunman Adam Lanza said what his son did couldn’t “get any more evil” and he now wishes his son had never been born.

Rolls-Royce, the world’s No 2 commercial jet-engine maker, will pursue geared turbofan technology championed by rival Pratt & Whitney as it seeks to power future Boeing and Airbus aircraft.

WATER is never far from the news these days. This summer, northern India experienced one of its heaviest monsoon seasons in 80 years, leaving more than 800 people dead and forcing another 100,000 from their homes.

There's something very cool going on over on Vine.

The OECD is working to overhaul structures which big multinationals, including many US tech giants, use to shield tens of billions of dollars of income from taxes, writes Tom Bergin.

President Barack Obama challenged young Africans to fulfill the legacy of South Africa’s beloved former leader Nelson Mandela.