GO
Loading...

Industrial Conglomerates

More

  • 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,...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT /10.30 AM ET Monday, 1 Dec 2014 | 10:43 AM ET

    Asia, Europe, U.S. factory activity slows despite price cuts. LONDON/ SYDNEY/ NEW YORK- Manufacturing growth across Asia, Europe and the U.S. slowed in November as heavy price cutting failed to revive demand, surveys shows, more evidence that a feeble global recovery may be grinding to a halt. LONDON- Oil prices hit five-year lows as slowing factory activity in China...

  • *To pay dividend of 0.50 euro/ share for 2014, 2015. *Sells Spain, Portugal assets to Macquarie for 2.5 bln euros. FRANKFURT, Dec 1- Germany's top utility E.ON said it would split in two, spinning off power plants to focus on renewable energy and power grids, a dramatic response to industry changes that could trigger similar moves at European peers.

  • PARIS, Dec 1- Chinese billionaire Guo Guangchang is set to sweeten his bid for the struggling French holiday group Club Mediterranee to trump Italian tycoon Andrea Bonomi's offer in France's longest-running takeover battle. A source familiar with the $1 billion- plus bid process told Reuters that Guo's conglomerate, the Shanghai- based Fosun, was set to raise...

  • PARIS, Nov 30- Chinese conglomerate Fosun, controlled by billionaire Guo Guangchang, is set to raise its bid for holiday company Club Mediterranee on Monday to trump Italian tycoon Andrea Bonomi, a source familiar with the process said. Fosun had previously offered 22 euros a share in a takeover leapfrog saga that dates back to an offer from Fosun in May 2013.

  • According to industry and government sources, and letters reviewed by Reuters, Essar has asked the Indian government to free it from paying its share of oil dues to Iran, and instead offset them against a $2.5 billion deal to supply steel plate to a NIOC affiliate. The back-to-back scheme comes to light at a critical stage in talks between Iran and six world powers...

  • Staff fear the chop in Samsung Elec annual reshuffle Thursday, 27 Nov 2014 | 11:40 PM ET

    SEOUL, Nov 28- Insiders say staff at Samsung Electronics have never been so anxious ahead of the annual reshuffle, as a weak smartphone performance and its worst earnings in three years are expected to cost many jobs. Squeezed by Chinese rivals like Xiaomi Technology at the low end and Apple's iPhones at the top, Samsung's share of the smartphone market has also...

  • MOSCOW, Nov 27- Russian conglomerate Sistema is reviewing its costs, portfolio of investments and future plans, it said on Thursday, after a drop in profits and a "challenging" year that saw the state seize its majority interest in oil firm Bashneft. Sistema's shares in Bashneft, a key source of dividends for the group, were confiscated in September, after a court...

  • Russia's Rusagro targets record net profit in 2014 Thursday, 27 Nov 2014 | 3:13 AM ET

    MOSCOW, Nov 27- Russian farming conglomerate Rusagro said on Thursday its third-quarter net profit jumped to 6.6 billion roubles from 2.2 billion roubles a year ago, boosted by Russia's ban on Western meat imports. The company, listed in London as Ros Agro and controlled by senator Vadim Moshkovich's family, plans to post the highest annual net income in its...

  • Russia's MTS Q3 net profit down 11 pct y/y Tuesday, 25 Nov 2014 | 7:00 AM ET

    MOSCOW, Nov 25- Russia's top mobile phone operator MTS posted a 11.2 percent year-on-year fall in third quarter net profit on Tuesday to 16 billion roubles. MTS, owned by the Sistema oil-to-telecoms conglomerate controlled by businessman Vladimir Yevtushenkov, was expected to report third-quarter net profit of 15.4 billion roubles. The company said in a...

  • TOKYO, Nov 25- Japan's loss-making Sony Corp plans to slash its TV and mobile phone product line-ups to cut costs, counting on multi-billion dollar revenue surges for its buoyant PlayStation 4 and image sensor businesses over the next three years. Having lost ground to nimbler rivals like Apple Inc and Samsung Electronics Co Ltd in consumer electronics, Sony...

  • TOKYO, Nov 25- Japan's loss-making Sony Corp said it's targeting a near 70 percent jump in revenue for its electronic devices division over the next three years, even as it warned further restructuring is in store for its TV and smartphone units. The ambitious plan to hoist revenue at the division housing its growing image sensor business, to between 1.3 trillion...

  • LONDON, Nov 21- Euro zone indexes were set for their first weekly gain this month as they rose early on Friday, with traders awaiting speeches from European Central Bank policymakers for clues as to whether more stimulus may be under way. French conglomerate Bouygues was the top riser among large European stocks, up 3.3 percent, after the chief executive of Altice...

  • YEKATERINBURG/ MOSCOW, Russia, Nov 20- Russia's VSMPO-Avisma, the world's largest titanium producer, dismissed concerns on Thursday that its output could be affected by a mine accident suffered by its main raw material supplier, Uralkali. VSMPO, whose biggest customers are Airbus and Boeing, said it had enough stocks of carnallite ore, a raw material used in...

  • MOSCOW, Nov 14- A Russian court extended the house arrest of Vladimir Yevtushenkov, chairman of the Sistema business conglomerate, on Friday for four months. Yevtushenkov, one of Russia's richest men, was placed under house arrest on suspicion of money laundering related to Sistema's acquisition of Bashneft, an oil producer. In October, Moscow's Arbitration...

  • *Samsung Group heirs' holdings worth 5.6 trln won. SEOUL, Nov 14- Shares in Samsung SDS Co Ltd, the IT services arm of the Samsung Group, doubled on debut on Friday, unlocking $5 billion for the conglomerate's three heirs as they plan a generational succession at South Korea's dominant conglomerate. SDS is 19.05 percent owned by the three children of Samsung...

  • WASHINGTON, Nov 13- The U.S. Export-Import Bank has mischaracterized potentially hundreds of large companies and units of multinational conglomerates as small businesses, a flaw in its record keeping that could undermine the export lender's survival strategy. "Rarely does Ex-Im miss a opportunity to claim that it primarily helps small business, but Ex-Im is...