Facebook Inc's mobile advertising business continued to accelerate in the first three months of the year, helping the Internet social networking company top Wall Street's revenue target. Facebook said that mobile ads represented 59 percent of its ad revenue in the first quarter, up from 30 percent in the year-ago period.
General Electric Co., the U.S. maker of jet engines and oilfield equipment, is in talks to buy Alstom SA, the French builder of trains and power plants, people with knowledge of the matter said. GE and Alstom may announce an agreement as early as next week, said the people, who asked not to be identified because the talks are private. The U.S. company may pay more than $13 billion for Alstom, one of the people said. That would be about 25 percent above Alstom's current market value.