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Industrial Conglomerates

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  • SWIRE PACIFIC UNIT WORKERS STRIKE, CALL FOR HK LEADER TO STEP. HONG KONG, Sept 29- About 200 workers at Swire Beverage, a unit of Hong Kong conglomerate Swire Pacific and a major bottler for The Coca-Cola Company, went on strike on Monday in support of pro-democracy protesters in the city, a union representative said.

  • MOSCOW, Sept 26- The Russian rouble hit a new record low against the dollar on Friday, hurt in part by companies' foreign debt repayments, while shares in conglomerate Sistema plunged after another twist in a criminal investigation into its chairman.

  • MOSCOW, Sept 26 (Reuters)- The Russian rouble hit a new record low against the dollar on Friday, hurt in part by companies' foreign debt repayments, while shares in conglomerate Sistema plunged after another twist in a criminal investigation into its chairman.

  • MOSCOW, Sept 26- A Russian court has seized shares in oil company Bashneft that are owned by Sistema, a conglomerate controlled by wealthy businessman Vladimir Yevtushenkov, over alleged violations in the oil firm's sale.

  • Russian court seizes Sistema shares in Bashneft Friday, 26 Sep 2014 | 1:22 AM ET

    MOSCOW, Sept 26- A Russian court has seized shares in oil company Bashneft that are owned by Sistema, a conglomerate controlled by wealthy businessman Vladimir Yevtushenkov, on the request of the prosecutor general's office over alleged violations in the oil firm's sale.

  • China's Fosun Group to invest $200 mln in Studio 8 - WSJ Wednesday, 24 Sep 2014 | 1:28 PM ET

    Sept 24- Chinese conglomerate Fosun Group is investing $200 million in U.S. media company Studio 8, a startup led by former Warner Bros executive Jeff Robinov, the Wall Street Journal reported, citing sources familiar with the matter.

  • *Restructuring charges of 50 million euros through 2016. AMSTERDAM, Sept 23- Philips, the Dutch conglomerate that started life making light bulbs 123 years ago, is splitting off its lighting business in a bold step to expand its higher-margin healthcare and consumer divisions.

  • FRANKFURT, Sept 22- Drugs and chemicals maker Merck KGaA agreed on Monday to acquire U.S. company Sigma-Aldrich for $17 billion in cash to boost its lab supplies business, the biggest takeover in the German group's history.

  • FRANKFURT, Sept 22- Industrial conglomerate Siemens AG said on Monday it would buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion in a move that would significantly boost the German company's oil and gas business in North America.

  • Siemens to buy Dresser-Rand for $7.6 bln Sunday, 21 Sep 2014 | 8:22 PM ET

    Sept 22- Industrial conglomerate Siemens AG said on Monday it would buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion, in a move that would significantly boost the German company's oil and gas business in North America.

  • Siemens near deal to buy Dresser-Rand: Sources Sunday, 21 Sep 2014 | 4:18 PM ET
    At the Siemens plant in Sacramento, Calif., Michael Cahill of Siemens and Myles Tobin of All Aboard Florida tour a locomotive under construction.

    The German industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group for all cash

  • NEW YORK/ LONDON, Sept 21- The German industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group Inc for all cash, people familiar with the matter said on Sunday.

  • Spain's Telefonica buys Brazilian operator GVT Friday, 19 Sep 2014 | 8:18 AM ET

    MADRID— Spanish telecoms company Telefonica says it has reached a deal to buy Brazilian operator GVT from French media conglomerate Vivendi. Telefonica says it will pay 4.66 billion euros in cash as well as 12 percent of the shares in its Brazilian unit, Telefonica Brasil, into which GVT will be integrated.

  • News Corp opposes Google in EU antitrust case Thursday, 18 Sep 2014 | 8:02 AM ET

    BRUSSELS— The media conglomerate controlled by Rupert Murdoch is joining the fray in Google's protracted European antitrust case, saying the technology company unfairly distorts competition.

  • *Sulzer worth $4.6 bln, Dresser-Rand worth $5.6 bln. Sept 17- Swiss pump maker Sulzer said on Wednesday it is in talks on a potential combination with U.S. compressor and turbine maker Dresser-Rand, a deal that would create a machinery company with a combined market valuation exceeding $10 billion.

  • *DuPont shares up 4 pct. Sept 17- Activist investor Nelson Peltz's Trian Fund Management LP urged DuPont to separate its high-growth businesses from the more cyclical ones, blaming the company's conglomerate structure for its "underperformance."

  • MOSCOW, Sept 17- An investigation over the sale of shares in oil producer Bashneft was extended until January 2015, Interfax news agency said on Wednesday, citing a lawyer representing one of the suspects in the case. Vladimir Yevtushenkov, chairman of conglomerate Sistema which owns Bashneft, was put under house arrest on Tuesday.

  • LONDON, Sept 17- Shares in Russian oil-to-telecoms conglomerate Sistema tumbled on Wednesday after its head Vladimir Yevtushenkov was accused by Russian investigators of money-laundering in connection with the company's acquisition of oil producer Bashneft.

  • Sept 17- Activist investor Nelson Peltz's Trian Fund Management LP, which holds a $1.6 billion stake in DuPont, called on the chemical conglomerate to separate its high-growth agriculture and other businesses from units that generate strong cash flows.

  • MOSCOW, Sept 17- Russia's oil-to-telecom conglomerate Sistema said on Wednesday that the acquisition of oil assets in the Republic of Bashkortostan was legal and transparent after its chairman was placed under house arrest in connection to the deal. "Sistema's management believes that the acquisition of BashTEK group was legal and transparent.