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IN BRIEF New GE center to target rail industry (Brazil)
GE (NYSE: GE) announced it selected Rio de Janeiro as the home of its newest multi-disciplinary R&D center due to be ready in 2012.


The US$100mn R&D center will focus on advanced technologies for the rail, oil and gas, renewable energy, mining and aviation industries, the company said in a statement, adding that it plans to invest US$500mn in the country to accelerate technology partnerships with leading companies, including federal oil company Petrobras (NYSE: PBR).

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