NEW YORK, April 23- Warren Buffett, chairman of conglomerate Berkshire Hathaway, said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely. Oil by rail has surged in recent years, helped by a boom in North Dakota.» Read More
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.
PARIS, March 14- Vivendi will enter three weeks of exclusive talks with cable group Numericable in an effort to finalise a deal to sell its telecom unit SFR for 11.75 billion euros in cash, plus a stake in the resulting business.
PARIS, March 14- Vivendi has decided "whatever the cost" to pick local cable group Numericable to buy its French telecoms unit SFR, France's industry minister said on Friday just before the seller's board convened to decide on competing bids.
PARIS, March 14- France's industry minister weighed in to the battle for telecoms company SFR on Friday, the day the board of parent Vivendi is expected to pick a winner, to point out "problems" with the bid from cable group Numericable.
PARIS, March 14- The board of France's Vivendi is to meet on Friday to debate two competing bids to buy its mobile and fixed operator SFR, a deal that could reshape Europe's third-biggest telecom market.
SEOUL, March 6- South Korea plans to ease rules to make mergers and acquisitions easier for private equity firms and local companies in a bid to facilitate the sale of an estimated 10 trillion won in assets of cash-strapped local conglomerates.
LONDON/ PARIS, March 4- Bouygues will submit an offer on Wednesday to buy Vivendi's telecom unit SFR and will make pledges on jobs and network investments to win support for its bid, two people close to the situation said on Tuesday. Bouygues and Vivendi both declined to comment.
NEW YORK, March 1- Warren Buffett's Berkshire Hathaway Inc on Saturday signaled he plans to make more large acquisitions to expand a conglomerate that posted a record profit in 2013, helped by a recovering U.S. economy.
NEW YORK, March 1- Warren Buffett's conglomerate Berkshire Hathaway posted a record profit in 2013, jumping 31 percent over the previous year, the company said in its annual report, released on Saturday. Net income rose to $4.99 billion in the fourth quarter, or $3,035 per Class A share, from $4.55 billion, or $2,757 per share, a year earlier.
NEW YORK, Feb 28- Uniqlo parent Fast Retailing Co Ltd and South Korean fashion conglomerate E. Land Group are separately exploring a deal for large U.S. apparel chain J. Crew Group Inc, people familiar with the matter said on Friday.
NEW YORK, Feb 28- A five-year bull market may have finally outdueled one of the U.S. stock market's biggest bulls, and Warren Buffett will probably tell investors on Saturday that his 43- year run of beating the Street has come to an end.
MOSCOW, Feb 28- Russian hypermarket chain Lenta's stock market debut was clouded by political turmoil in Ukraine on Friday as investors reined in their exposure to Russian companies.
MOSCOW, Feb 28- Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG, on Friday set its planned London initial public offering at the lower end of a range netting around $1 billion for selling shareholders.
NEW YORK, Feb 27- General Electric Co is preparing to sell its energy unit that makes fuel dispensers in a deal that is expected to fetch more than $500 million, people familiar with the matter said on Thursday. Wayne was part of Dresser Inc, the energy infrastructure company that GE bought in 2010 for $3 billion.
PARIS, Feb 24- French media group Vivendi confirmed on Monday it had been approached by cable group Altice over a tie-up between mobile operator SFR and cable firm Numericable, but said it had not yet received any formal offer.
NEW YORK, Feb 19- Since his ouster from American International Group Inc in 2005, Maurice "Hank" Greenberg has been quietly building an insurance and investment conglomerate that people close to him describe as a mini version of Warren Buffett's Berkshire Hathaway Inc..