GE reported a decline in net income amid lower revenue in its transportation business, yet overall industrial profit rose by 12 percent.» Read More
NOVO-OGARYOVO, Russia/ BERLIN- The chief executive of engineering conglomerate Siemens gave a rare sign of German support to Russian President Vladimir Putin at the height of an economic standoff with the West over Ukraine, saying his firm supported a "trusting relationship" with Russian companies.
March 26- Activist investor Barington Capital Group LP urged Darden Restaurants Inc to consider looking for a new chief executive, stepping up pressure on the restaurant operator to come up with ways to improve its performance.
NEW YORK, March 25- Blackstone Group LP is close to a deal to buy industrial conglomerate Gates Global Inc for more than $5.5 billion, people familiar with the matter said, in what would be one of the largest leveraged buyouts so far this year.
MOSCOW, March 25- Rosneft, the world's top listed oil producer by output, may join forces with Indian state-run Oil and Natural Gas Corp to supply oil to India over the long term, the Russian state-controlled company said on Tuesday.
YANGON, March 25- Myanmar- focused conglomerate Yoma Strategic Holdings Ltd said Southeast Asia needs to work exceptionally hard to realise a balanced, European Union- style integration of such disparate economies.
*Move seen negative for energy conglomerate Reliance Industries. MUMBAI, March 25- An unexpected request by India's Election Commission for the government to defer a rise in gas prices until after a looming general election hit shares in Reliance Industries Ltd and Oil and Natural Gas Corp on Tuesday.
March 24- Walt Disney Co on Monday named Ben Sherwood as co-chairman of Disney Media Networks and president of ABC Television Group, effective Feb. 1, 2015. Sherwood, who is currently ABC News President, will replace Anne Sweeney, who announced she was leaving the media conglomerate on March 11.
MOSCOW, March 24- The head of Russian state conglomerate Rostec, Sergei Chemezov, joined Uralkali's board of directors on Monday, Uralkali said, signalling greater government influence in the world's largest potash producer. Chemezov, a powerful ally of President Vladimir Putin, was nominated in February and may become Uralkali's board chairman.
RUSSIA'S URALKALI SAYS ELECTS HEAD OF RUSSIAN STATE CONGLOMERATE ROSTEC, SERGEI CHEMEZOV, TO ITS BOARD.
STOCKHOLM, March 23- Such is the weight of Christer Gardell's voice in Europe that Volvo's share price jumped 4 percent one day in January when a Swedish business daily ran a front-page story on the activist investor calling on the truckmaker to "start delivering".
NEW YORK, March 21- Some of the best fund managers you've never heard of sit in a non-descript office park in Shawnee Mission, Kansas, 1,200 miles from Wall Street. There, John Bichelmeyer heads the five-member team behind the Buffalo Emerging Opportunities Fund.
NEW YORK, March 21- It only took a look at the financial statements of the world's largest maker of spirits to convince Larry Seruma that Africa was the place to go. While African alcohol consumption lagged Europe or the Americas, Diageo's rapid expansion on the continent was such that, by 2013, the region accounted for 13 percent of global revenue.
PARIS, March 20- Conglomerate Bouygues re-opened the battle to buy France's second biggest telecoms provider SFR on Thursday with a new offer less than a week after owner Vivendi began exclusive talks with rival bidder Numericable.
PARIS, March 20- Shares in French conglomerate Bouygues turned positive on Thursday afternoon after French newspaper Le Monde said it was expected to make a new offer to purchase telecom business SFR, the mobile phone unit of Vivendi. Bouygues could not be immediately reached for comment.
MUMBAI, March 20- Billionaire Mukesh Ambani's Reliance Retail is poised to perform a rare feat in India's notoriously complex retail market by finally turning a profit.
March 19- Activist investor Carl Icahn on Wednesday called on eBay Inc to sell 20 percent of its PayPal payments unit in an initial public offering, a change in tack from his previous call for a complete spinoff. Icahn in January called for eBay to hive off its fast growing PayPal business, arguing the unit is undervalued as part of eBay.
Icahn in January called for eBay to hive off its fast growing PayPal business, arguing the unit is undervalued as part of eBay. Selling off only part of PayPal would retain the benefits of a stand-alone PayPal while maintaining the efficiencies of having eBay and PayPal together, Icahn wrote in an open letter to fellow eBay shareholders.
March 19- U.S. investment bank JPMorgan Chase& Co. has sold its physical commodities arm to Mercuria for $3.5 billion in cash, catapulting the Swiss trade house into the top tier of commodities traders.
CBS Outdoor, part of media conglomerate CBS Corp, expects its offering of 20 million shares to be priced between $26 and $28 each, the company said in a filing with the U.S. Securities and Exchange Commission on Monday.
The company, part of media conglomerate CBS Corp, said the shares are expected to be priced at between $26 and $28 per share.