Alstom

European competition officials have suspended their review of General Electric's proposed $14 billion acquisition of the energy business of French rival Alstom.

The European Commission's suspension of the review procedural and does not signify a major barrier to winning approval, GE spokesman Seth Martin said on May 11.

US engineering group General Electric has reportedly engaged into talks with France's trainmaker Alstom, with the rumors soaring the latter's shares.

The French company, which is a world leader in railway transport, has downpalyed the claims that GE has expressed interest in its assets, suggesting they lead to "speculation and rumors".