Feb 4 () - General Electric Co said on Monday it would spin off its transportation business on Feb. 14 and that it expects to distribute 8.7 billion shares of the unit to its shareholders.

GE shares rose 2.8 percent to $15.39 ... with GE spinning off the transportation unit and simultaneously merging it with Wabtec. The $11.1 billion deal value includes a $1.1 billion net tax ...

The unit's fleet will be relocated and transferred to a transportation company at Contingency Operating Location Speicher, Iraq, said Capt. Leslie Jines Jr., commander of the 1161st Trans.

DETROIT, Jan 30 (Reuters) - General Motors (GM.N), opens new tab said Tuesday it is cutting spending by about $1 billion on troubled robotaxi unit Cruise ... more than $8 billion in losses.

Conduent's transportation unit serves public sector transportation agencies. Following the separation, Conduent will rank among the largest diversified outsourcing services employers in the ...