Darwin’s natural selection…now there’ll be more stale bread chunks for the survivors.

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GE Transportation announced it is entering into a strategic partnership with Tülomsaş, an industrial company in Turkey that currently produces locomotives of its own. The partnership will allow GE to supply the European, Middle East and North African markets.  Tülomsaş has a number of photographs of the event which seems to have been well covered [...]

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Erie Insurance disclosed that it has lost about $9.5 million in its Fannie Mae and Freddie Mac holdings. Erie stock closed yesterday at 43.22, down 3.40. Fannie and Freddie were recently bailed out by the Federal government and are the largest source of funding for home mortgages in the U.S. It was another bad day [...]

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