BRUSSELS, June 13- U.S. conglomerate General Electric has offered concessions to try to win EU regulatory approval for its $4.3 billion proposed purchase of Italian plane components maker Avio, a deal intended to boost its global supply chain. The European Commission said on its website it would decide on the deal by July 2, extending the deadline from June 18.
*Rio is selling a 29 pct stake in its Coal& Allied. Partner Mitsubishi unlikely to exercise pre-emptive rights.
MUMBAI/ NEW DELHI, June 10- Indian state company ONGC withdrew a statement issued on Monday saying it and Oil India Ltd had signed an agreement to buy a 10 percent stake in a Mozambique gas field from India's Videocon Group for $2.48 billion.
MUMBAI/ NEW DELHI, June 10- Indian state companies ONGC Videsh Ltd and Oil India Ltd have agreed to buy a 10 percent stake in a Mozambique gas field from India's Videocon Group for $2.48 billion, the parent company of ONGC Videsh said on Monday.
The worry though is that they also represent the financial risks building inside Thailand and elsewhere in Asia amid signs of economic slowdown and tighter lending markets. I've been in Asia long enough to remember how messed up Thailand was, "said a veteran Asia investment banker in Hong Kong, recalling the 1997 Asia financial crisis."
NEW YORK, June 7- A dispute involving a gun industry executive who claims he was fired after being falsely accused of bringing his weapons to work offers a peek into Freedom Group, the gun making conglomerate owned by Cerberus Capital Management LP.
Ten years ago, Chart Industries Inc was on the verge of bankruptcy after taking on too much debt during a spree of acquisitions that included an equipment maker for storing cryogenic liquids like liquefied natural gas.
June 5- MidAmerican Energy Holdings Co, a core part of Warren Buffett's sprawling business empire, is becoming a favorite way for the " Oracle of Omaha" to invest the billions of dollars of cash on Berkshire Hathaway Inc's balance sheet.
HONG KONG, June 5- Hong Kong shares sank to their lowest in six weeks on Wednesday, with mainland Chinese markets also weak, as fears of a cut in U.S. stimulus efforts gained ground following comments from top Federal Reserve officials. Asia insurer giant AIA Group led losses among Hang Seng Index components as investors took profits on the year's outperformers.
NEW YORK, June 4- Carlyle Group LP's aerospace communications firm Arinc Inc has drawn early takeover interest from industry conglomerates and private equity firms in an auction that may fetch between $1.3 billion and $1.4 billion, several people familiar with the matter said.
HONG KONG, June 4- Hong Kong shares were poised to start off a one-month low on Tuesday, with property conglomerate Wharf Holdings the top percentage riser among Hang Seng Index components with a 3 percent gain. The Hang Seng Index was set to open up 0.2 percent at 22,320.5 points.
*Exor sells 15 pct stake in SGS for total 2 bln euros. *Exor wants to keep 30 pct Fiat stake in any share issue. The sale is part of plans by Exor Chief Investment Officer Shahriar Tadjbakhsh to boost the value of Exor's 8.3 billion euro investment portfolio, by concentrating on large stakes in companies such as Fiat with a global reach.
May 31- Washington may still be digesting news of China Inc's latest bold move into America with the nearly $5 billion takeover of Smithfield Foods Inc, but early indications are the deal will not inflame enough nationalistic opposition to kill it, and success could pave the way for more Chinese purchases.
May 31- Washington may still be digesting news of China Inc's latest bold move into America with the nearly $5 billion takeover of Smithfield Foods Inc, but early indications are the deal will not inflame enough nationalistic opposition to kill it, and success could pave the way for more Chinese purchases.
MUMBAI, May 27- As Ratan Tata strode the halls of the Geneva Motor Show in March, joking with journalists and chatting with auto industry leaders, his successor at the helm of India's biggest business group stood silently on the sidelines.
STOCKHOLM, May 23- Norway's Orkla, Danish brewer Royal Unibrew and private equity firm Nordic Capital have proceeded to the second round of bidding for Heineken's Finnish division Hartwall, three people familiar with the matter said.
*Copper imports have doubled since Sterlite smelter closure on March 30. India's biggest smelter, owned by Sterlite Industries, was shut on March 30 after local residents complained of emissions that led to breathing difficulties, forcing top copper users to rely on rival Hindalco Industries for almost all their copper needs.
May 16- Credit-rating agency Standard& Poor's on Thursday cut its rating on Berkshire Hathaway Inc, the insurance and industrial conglomerate controlled by billionaire investor Warren Buffett, one notch, citing the company's reliance on its insurance operations for dividend income.
May 16- Credit rating agency Standard& Poor's on Thursday cut its rating on Berkshire Hathaway Inc, the insurance and industrial conglomerate controlled by billionaire investor Warren Buffett, by one notch, citing the company's reliance on its insurance operations for dividend income.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."