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Industrial Conglomerates

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  • Jan 8- Trian Fund Management L.P., one of DuPont's largest shareholders, nominated its chief executive Nelson Peltz and three other members to DuPont's board. Investment funds managed by Trian currently own 24.3 million DuPont shares valued at about $1.8 billion, Trian Fund said on Thursday. In September, Trian Fund urged DuPont to break itself up, saying that...

  • *Bourse merger speculation lifts Dubai's DFM. DUBAI, Jan 8- Gulf stock markets extended gains on Thursday after oil rebounded slightly from its Wednesday low and several companies made positive announcements. Supported by a fall in U.S. crude oil inventories, Brent futures traded above $51 per barrel on Thursday after briefly dropping below $50 in the previous...

  • *Dubai's Marka soars on acquisition news. *Govt spending may boost Dubai property sector- analyst. DUBAI, Dec 28- Gulf stock markets rose on Sunday despite oil's weakness as Saudi Arabia's plan to maintain government spending at a high level boosted investor confidence.

  • HONG KONG, Dec 22- Hong Kong shares produced solid gains on Monday, underpinned by gains in mainland markets plus stability in crude oil prices and the Russian ruble. The H-share index far outperformed the Hang Seng index as Chinese energy conglomerates listed in Hong Kong rises. Among the most actively traded stocks on Hong Kong's main board were Alibaba...

  • DoJ to ask Alstom, not GE, to bear any bribery fine. *Alstom shares down 3.6 percent. PARIS, Dec 19- Engineering group Alstom unsettled investors on Friday by saying it will not be able to transfer to General Electric a looming U.S. fine over bribery allegations.

  • UPDATE 1-China's Fosun raises offer for Club Med Friday, 19 Dec 2014 | 3:48 AM ET

    PARIS, Dec 19- Chinese billionaire Guo Guangchang on Friday sweetened his bid for struggling Club Mediterranee at the last minute, trumping a 24 euros offer from Italian tycoon Andrea Bonomi in France's longest-running takeover battle. The new offer was made by Gaillon Invest II, majority controlled by Guo's Fosun conglomerate. It now includes Fosun with a...

  • Dec 18- U.S. industrial conglomerate General Electric Co plans to release its first feature film through video streaming devices like Roku and Apple TV in a marketing effort that raises the bar for sponsored content. In addition, GE will launch other videos to complement the film, such as interviews with Nas and a segment with former Grateful Dead drummer Mickey...

  • PUTIN SAYS HOPES SISTEMA'S CONGLOMERATE WILL RESTORE ITS POSITION ON STOCK MARKET.

  • MOSCOW, Dec 18- Shares in Russian business conglomerate Sistema surged around 35 percent in early trading on Thursday after the company's chairman was freed from house arrest after the market closed on Wednesday. Interfax reported that Vladimir Yevtushenkov was freed on Wednesday, citing his lawyer. Yevtushenkov's arrest and the seizure by the state of one...

  • SEOUL, Dec 18- Shares in Cheil Industries Inc, the de facto holding company of Samsung Group, doubled on its debut on Thursday in the latest in a series of steps toward generational succession for South Korea's largest conglomerate. Cheil is about 42 percent owned by Samsung Electronics Co Ltd Chairman Lee Kun- hee and his three children, and is expected to be the...

  • *Expects 2015 earnings $1.70- $1.80/ share vs est $1.79. NEW YORK, Dec 16- General Electric Co gave a 2015 profit forecast range on Tuesday that barely included Wall Street's target as the U.S. conglomerate braced for a "sluggish" oil and gas sector due to plunging crude prices. "We're really planning the company for a sluggish oil and gas sector in' 15," Chief Executive...

  • *Expects 2015 earnings $1.70- $1.80/ share vs est $1.79. NEW YORK, Dec 16- General Electric Co said it expects profit from its industrial units to rise by at least 10 percent in 2015, helped by its power and water, aviation and energy management businesses. Earlier this year, it struck a $16.9 billion deal to buy the power business of France's Alstom SA.

  • NEW YORK, Dec 16- General Electric Co said it expects profit from its industrial units to rise by at least 10 percent in 2015, helped by its power and water, aviation and energy management businesses. Earnings from its industrial units are expected to be $1.10- $1.20 per share next year, the conglomerate said in a presentation on Tuesday at an investor meeting in New...

  • NEW YORK, Dec 16- General Electric Co said it expects profit from its industrial units to rise by at least 10 percent in 2015, as the conglomerate cuts reliance on its financial services business. Earnings from its industrial units are expected to be $1.10- $1.20 per share next year, the company said in an investor presentation. The company forecast 2015 earnings...

  • TOKYO, Dec 15- Leaked emails reveal a cultural gulf between Japan's Sony Corp and Hollywood subsidiary Sony Pictures Entertainment, highlighting the challenge of CEO Kazuo Hirai to turn around the money-losing company under the slogan One Sony. While activist hedge fund investor Daniel Loeb has given up his call for Sony to spin off its entertainment arm,...

  • *Fosun Intl moves to new insurance-based business model. A Club Med takeover would represent the most significant co-investment between Fosun and Fidelidade, the Portuguese insurance firm Fosun forked out $1.29 billion to buy in May, and advance Guo's goal of turning his Shanghai- based manufacturing and real estate-focused conglomerate into a...

  • Dec 10- The change atop United Technologies Corp has set off speculation the U.S. conglomerate may eventually shake up its diverse industrial businesses, including possibly divesting its Sikorsky helicopter unit. Shares of United Technologies have climbed 4 percent since the company announced on Nov. 24 that Chief Financial Officer Greg Hayes replaced...

  • MELBOURNE, Dec 8- Societe Generale has suspended its involvement in financing a $10 billion coal mine, rail and port project being developed by India's GVK conglomerate and Australian billionaire Gina Rinehart, citing the project's years-long delay. "We have been working with Societe Generale on a specific element of the financing arrangements for our...

  • *CITIC Ltd shares jump as much as 6.3 pct. HONG KONG, Dec 5- CITIC Ltd is in early talks with companies including Japan's Itochu Corp and Thailand's Charoen Pokphand Group about a large share placement, a person familiar with the matter said, as the Chinese state-owned conglomerate tries to broaden its investor base. To part-fund that acquisition and increase the...

  • VANCOUVER, Dec 4- Shares of Enbridge Inc surged more than 12 percent to a record high on Thursday, a day after the company outlined plans to transfer ownership of its Canadian pipelines to an affiliate and boost its dividend by 33 percent. The plan will allow Calgary- based Enbridge to accelerate dividend growth and improve funding costs for new projects,...