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.» Read More
JOHANNESBURG, Sept 1- South African conglomerate Bidvest is considering a London stock market listing for its food business to help to fund future growth, the company said after announcing an 11 percent rise in annual profit.
SEOUL, Sept 1- Samsung Heavy Industries will absorb Samsung Engineering for about $2.5 billion, the latest step in a restructuring at South Korea's largest conglomerate that has accelerated since the controlling Lee family's patriarch was hospitalised in May.
A&E, which is jointly owned by Walt Disney Co and media group Hearst Corp, is investing $250 million in Vice Media, which started as a Canadian magazine and has ballooned into a multimedia conglomerate known for producing edgy videos and news reports.
Transtar's owner, private equity firm Friedman Fleischer& Lowe LLC, has hired investment banks Bank of America Corp and Harris Williams& Co to run an auction for the company, the people said this week. Friedman Fleischer& Lowe, Transtar and Bank of America declined to comment.
NEW DELHI, Aug 21- Some of India's biggest companies are pouring billions of dollars into manufacturing guns, ships and tanks for the country's military, buoyed by the new government's commitment to upgrade its armed forces using domestic factories.
COPENHAGEN, Aug 19- Denmark's A.P. Moller-Maersk announced the first share buy-back in its 110- year history on Tuesday as an overhaul of the sprawling shipping and oil empire leaves it with more cash than it can usefully invest.
SAO PAULO, Aug 14- Brazilian juice maker Cutrale and the Safra Group, a banking and real estate conglomerate, said late on Thursday they were "extremely disappointed" that the board of Chiquita Brands International Inc rejected their takeover offer, adding that they are "considering all alternatives."
Aug 14- Berkshire Hathaway Inc's share price on Thursday crossed $200,000 for the first time, the latest milestone for the company that Warren Buffett built over nearly five decades into what some analysts view as a microcosm of the U.S. economy.
NEW YORK, Aug 14- General Electric Co is in talks with Sweden's Electrolux AB and other parties to sell its household appliances unit, people familiar with the matter said on Thursday. Bloomberg News earlier reported that GE's appliances unit had drawn interest from Electrolux and consumer development startup Quirky.
PARIS, Aug 14- French private equity firm Ardian and Chinese conglomerate Fosun International said they would withdraw their offer for resort operator Club Mediterranee, leaving the way clear for a bid by Italian businessman Andrea Bonomi.
SINGAPORE/ NEW DELHI, Aug 14- A decade after low-cost carriers led India's air travel boom, full-service airlines are gearing up for a battle for premium passengers that only the deep-pocketed are likely to win. The carriers are also bracing for Vistara, a venture between Singapore Airlines Ltd and conglomerate Tata Sons Ltd which will start flying in October.
Aug 11- Juice maker Cutrale and investment firm Safra Group said on Monday they had offered to acquire U.S.-based Chiquita Brands International Inc in a $610.5 million cash deal that rivaled an all-stock agreement with Irish tropical fruit company Fyffes Plc. The combined market value of Chiquita and Fyffes is currently close to $1 billion.
NEW DELHI/ MUMBAI, Aug 10- It's hardly the $30,000 a night royal suite, but after five months in India's biggest jail, the owner of the New York Plaza and London's Grosvenor House is thrilled to be able to use a modest office as he tries to sell the iconic hotels.
**Rupert Murdoch's Twenty-First Century Fox decided to pull its $80 billion offer to buy Time Warner Inc on Tuesday, abandoning plans to create one of the world's largest media conglomerates.
Aug 5- Rupert Murdoch's Twenty-First Century Fox decided to pull its $80 billion offer to buy Time Warner Inc on Tuesday, abandoning plans to create one of the world's largest media conglomerates.
Aug 5- Rupert Murdoch's Twenty-First Century Fox decided to pull its offer to buy Time Warner Inc on Tuesday, abandoning plans to create one of the world's largest media conglomerates. Murdoch, who is Fox's chairman and CEO, cited Time Warner's management and its board's refusal to engage with Fox as one reason for the stunning turn-about.
*Berkshire Hathaway shares up after results. NEW YORK, Aug 4- U.S. stocks were little changed in volatile trading Monday as earnings, including those of Warren Buffett's Berkshire Hathaway, were partly offset by drops in high-yielding dividend stocks in the utilities sector.
*Berkshire Hathaway shares up after results. *Michael Kors shares reverse premarket move, fall 5.5 pct. NEW YORK, Aug 4- U.S. stocks rose in morning trading on Monday, lifted by earnings including those of Warren Buffett's Berkshire Hathaway, with gains partly offset by drops in high-yielding dividend stocks in the utilities sector.
*Berkshire Hathaway shares up after results. *Diamond Offshore weighs on Loews earnings. *Portugal will spend 4.9 billion euros to rescue Banco Espirito Santo, its largest listed lender, testing the euro zone's resilience to another banking crisis just months after Lisbon exited an international bailout.
Aug 4- Hotel, energy and financial services conglomerate Loews Corp reported a 57 percent drop in quarterly profit due to lower earnings from Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors.