GO
Loading...

Enter multiple symbols separated by commas

Industrial Conglomerates

More

  • April 15- A consortium of private equity firm TPG Capital LP and Chinese conglomerate Fosun International Ltd is in the final stages of negotiations to acquire Cirque du Soleil, according to people familiar with the matter. The price that TPG and Fosun were negotiating with Laliberté could not be learned, but sources close to the process had previously stated...

  • April 15- As General Electric Co stock soared last Friday to its biggest one-day gain in six years, investor Patrick Kaser's fund made a choice: Sell it all. Kaser, who manages Brandywine Global's $7 billion large-cap value equity portfolio, said his fund unloaded its entire 6 million-share position after the U.S. conglomerate announced it would shed most of its...

  • HELSINKI/ PARIS, April 14- Nokia Oyj is in talks to buy smaller telecom equipment maker Alcatel-Lucent, a deal that would combine the industry's two weakest players but could pose challenges in cutting costs and overcoming political opposition. In a joint announcement, the Finnish and French companies said they were in "advanced discussions" on a "full...

  • Trian complains about executive pay at DuPont Monday, 13 Apr 2015 | 3:05 PM ET

    NEW YORK, April 13- Trian Fund Management, fighting for seats on the board at chemicals and agricultural conglomerate giant DuPont, said top company executives were still well paid last year even though the board acknowledged that the operating performance was poor. The hedge fund said in a presentation filed with the Securities and Exchange Commission on...

  • *GE divestment scheme lifts Wall Street. *China inflation flat, suggesting more easing from Beijing. Wall Street scored solid gains after U.S. conglomerate General Electric Co. said it plans to sell assets and buy back up to $50 billion of its stock.

  • Shedding GE Capital could benefit GE's valuation Friday, 10 Apr 2015 | 1:54 PM ET

    April 10- General Electric Co's move on Friday to shed most of its GE Capital unit over the next few years could finally reward the patience of shareholders who have endured years of holding a market laggard. "Essentially, GE has been treated like a bank by investors," said Charles Sizemore, chief investment officer of Sizemore Capital Management in Dallas.

  • LONDON, April 7- French media conglomerate Vivendi is looking at a possible acquisition of pay-TV group Sky, as one of several options to expand the reach of its own TV group Canal Plus, three sources familiar with the matter said. Vivendi has turned its attention to Sky after reviewing smaller pay-TV targets in Turkey and other fast-growing markets in Europe, one...

  • Vivendi confirms offer for Dailymotion Tuesday, 7 Apr 2015 | 11:13 AM ET

    Vivendi has confirmed an offer to Orange, the former France Telecom, for the online video sharing platform Dailymotion.

  • April 7- Paint maker Axalta Coating Systems Ltd said Berkshire Hathaway Inc would buy an 8.7 percent stake in the company from controlling shareholder Carlyle Group for $560 million. Berkshire bought lubricants maker Lubrizol Corp for about $9 billion in 2011.. Carlyle had considered selling Axalta, which went public in November, to Dutch paint maker Akzo...

  • MOSCOW/ JOHANNESBURG, April 7- Russia is pursuing costly state oil and platinum projects in Africa despite an economic crisis at home, hoping they will bolster sales, including of arms, for businesses hit by Western sanctions over the conflict in Ukraine. Moscow has mostly focused on building ties with Asia since the U.S. and European Union sanctions came into...

  • MOSCOW/ JOHANNESBURG, April 7- Russia is persuing costly state oil and platinum projects in Africa despite an economic crisis at home, hoping they will bolster sales, including of arms, for businesses hit by Western sanctions over the conflict in Ukraine. Moscow has mostly focused on building ties with Asia since the U.S. and European Union sanctions came into...

  • April 6- DuPont, in the thick of a battle with activist investor Trian Fund Management LP over board seats, will meet proxy-advisory firm Institutional Shareholder Services in the third week of April, a person familiar with the matter told Reuters. Trian is seeking four seats on DuPont's board, including one for Nelson Peltz, the fund's chief executive.

  • MOSCOW, April 2- Russian services conglomerate Sistema said on Thursday it made a $5.3 billion net loss in the fourth quarter of 2014 compared to a profit of $47.7 million a year earlier due to the loss of oil company Bashneft. Sistema recorded a $5 billion loss related to Bashneft, as well as a $290 million loss on mobile asset impairment in India and $92.5 million...

  • MOSCOW, April 2- Russian services conglomerate Sistema said on Thursday it made a $5.3 billion net loss in the fourth quarter of 2014 compared to $47.7 million in profit a year earlier due to the loss of oil company Bashneft.

  • SAO PAULO, March 31- Brazilian engineering conglomerate Grupo OAS requested court protection from creditors for nine of its units on Tuesday as it grapples with the fallout from a scandal at state-controlled Petrobras, a key customer. Under terms of the petition, which OAS filed in a São Paulo state court, the company sought creditor protection for...

  • ZURICH, March 30- Switzerland's Holcim said on Monday it had sold its 27.5 percent stake in Thailand's second-largest cement company Siam City Cement, in deals worth 655 million Swiss francs. Zurich- based Holcim, which plans to merge with France's Lafarge, said 24.9 percent of Siam City Cement was acquired by an affiliate of Hong Kong- based conglomerate Jardine...

  • NEW YORK, March 30- Fidelity Investments, a major investor in DuPont, has put pressure on activist fund Trian Fund Management LP and the chemical conglomerate to reach a settlement in what it sees as a detrimental proxy fight, according to people close to the matter. Fidelity, whose 2.5 percent stake makes it DuPont's sixth largest shareholder, has not publicly...

  • WASHINGTON, March 27- U.S. economic growth cooled in the fourth quarter as previously reported and after-tax corporate profits recorded their biggest drop since early 2011, as a strong dollar dented the earnings of multinational corporations. Gross domestic product expanded at a 2.2 percent annual rate last quarter, the Commerce Department said on Friday...

  • MUMBAI/ NEW DELHI, March 26- India's top three mobile phone network operators have spent a combined $13.6 billion in a government auction of airwaves to secure almost 80 percent of the spectrum on offer, reinforcing their positions in the world's second-biggest mobile market. Altogether India raised $17.6 billion in the auction after 19 days of fierce bidding,...

  • HONG KONG, March 26- One of Macau's top casino junket operators, a Vietnamese investment group and Hong Kong property-to-jewelry conglomerate Chow Tai Fook Enterprises will team up to develop a $4 billion casino resort in Vietnam, companies involved in the project said. Macau's Suncity confirmed its involvement in the project while VinaCapital confirmed...