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Siemens & Alstom merge rail business in setback for Bombardier

from CBC News

Bombardier's shares briefly surged more than 13 per cent Tuesday even though the transportation giant was facing bad news affecting both its commercial aircraft and railway businesses. The Montreal-based company's shares touched an intraday high of $2.43 before losing some steam to reach $2.27, up six per cent on the day after dipping in early trading on the Toronto Stock Exchange, more

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