China’s CSR Corp. May Bid For U.S. Rail Projects

CSR Corp., China’s largest train maker, may bid to build high-speed train lines in Florida and California as part of a joint venture with General Electric Co (GE).

The companies may also place bids for east coast rail projects, CSR Chairman Zhao Xia…

Walter Energy to Buy Western Coal for $3.3 Billion

Walter Energy Inc. (WLT), a southern Appalachia producer of coal for making steel, agreed to buy Canadian company Western Coal Corp. (WTN) for C$3.3 billion ($3.3 billion).

Walter Energy made an offer of C$11.50 per share in cash or 0.114 of a Walter…

Airbus Revamps A320 for 15% More Fuel Efficiency

Airbus will overhaul its A320 jet to offer 15% more fuel efficiency.

Airbus will spend more than 1 billion euros ($1.3 billion) on the “A320neo” project, which will improve efficiency and reduce emissions, Reuters said.

The new plane will have upwa…