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GE also had to agree to sell its rail-signalling business to Alstom.
GE will also put its train-signalling business into Alstom's transport division and co-operate with Alstom in America.
For Tommy Hilfiger, a return to those roots might signal business salvation.
Economists closely watch these orders because they signal business investment plans.
Orders for machinery and other goods that signal business investment plans fell sharply in February.
The gain offset a drop in important orders that signal business investment.
The only measures to decrease were the average manufacturing workweek and orders for manufactured goods, which signal business investment plans.
In another positive economic sign, orders for machinery and other factory goods that signal business investment surged in January.
In March Joe Kaeser, the boss of Siemens, an industrial conglomerate, met Mr Putin in Moscow and signalled business as usual.
A yell from a guy with a Hawaiian shirt and a clipboard signalled business, however, and the hundred-strong crowd promptly lined the sidewalk, expectant.
LONDON – Siemens, the largest diversified industrial group in Germany, has agreed to buy the rail signaling business of the British company Invensys for 2.2 billion euros, or $2.9 billion.
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CEO of Professional Science Editing for Scientists @ prosciediting.com