M&A News: General Electric, Patrizia Immobilien, Lagardère, Bank of Shanghai, Banorte

Noteworthy expenditures of the week
Jet: Bloomberg; Money: Peter Stone/Alamy; Picasso: Leonard A. Lauder Cubist Collection/Artists Rights Society (ARS)(3); Seaworld: George D Lepp/Getty Images

1. General Electric will pay about $3.3 billion for Texas-based Lufkin Industries, which makes machines used in the oil and natural gas industry.

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