UPDATE 3-GE, Safran venture to develop radical new jet engine

* CFM to built demonstrator for open-rotor jet engine * Key step towards next generation of medium-haul jets * French-American engine venture extended to 2050 * Industry titan was born out of a Nixon-Pompidou summit (Adds planemaker and analyst comments, shares) By Tim Hepher PARIS, June 15 (Reuters) – General Electric and France’s Safran has unveiled plans to test-build an open-bladed jet engine able to reduce fuel use and emissions by 20% as they prolonged their historic CFM International joint venture by a decade to 2050. 

Alibaba Health-backed LinkDoc files for U.S. IPO

June 14 (Reuters) – LinkDoc Technology Ltd, a medical data company backed by a subsidiary of Alibaba Health Information Technology Ltd, filed for an initial public offering in the United States on Monday. 

GE, Safran to develop new jet engine under extended JV

PARIS, June 14 (Reuters) – General Electric and France’s Safran on Monday set out plans to develop a new jet engine able to reduce fuel consumption and emissions by 20% as they announced a 10-year extension to their CFM International joint-venture to 2050. 

UPDATE 4-Philips recalls ventilators, sleep apnea machines due to health risks

* Devices carry part that may potentially cause cancer * Group takes new 250 mln euro provision for recall * Company leaves annual sales growth guidance unchanged (Adds details on numbers of machines, complaints) By Toby Sterling AMSTERDAM, June 14 (Reuters) – Dutch medical equipment company Philips has recalled some breathing devices and ventilators because of a foam part that might degrade and become toxic, potentially causing cancer, it said on Monday.