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Industrial Conglomerates

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  • NEW YORK, April 30- Warren Buffett has carved out a core stock-picking strategy of investing in companies with strong economic "moats," businesses that have built, fortified and generated success from well-known brands that make it difficult for them to succumb to competitive forces. Stalwarts like International Business Machines, Coca-Cola Inc, Procter&...

  • NEW YORK, April 27- DuPont's board is open to a negotiated settlement with activist Trian Fund Management in the run-up to the company's annual shareholder meeting in May, sources close to the matter said on Monday. Despite the stalemate between the chemical conglomerate and the New York- based fund, DuPont's "doors are not barred for something reasonable," one of...

  • April 27- U.S. proxy advisory firm ISS recommended that DuPont shareholders vote in favor of Nelson Peltz joining the company's board, but said it was unclear if the chemical conglomerate should be broken up as demanded by the activist investor. DuPont's shares rose as much as 4.5 percent to $74.77 in morning trading on the New York Stock Exchange on Monday.

  • DUBAI, April 27- One of the United Arab Emirates' most prominent businessmen is leading calls for regulations across the Gulf Arab region to smooth the transfer of ownership of family businesses after the death of the founder. Ghurair, the billionaire chief executive of Dubai- based lender Mashreq and chairman of conglomerate Al Ghurair Investment, among his...

  • PARIS, April 24- Foreigners are set to take over several French blue chip firms this year and will largely do what they want with their prizes- showing the limits of new laws passed in the name of "economic patriotism." Economy Minister Emmanuel Macron spoke last month of "the determination and the ability of the state to use all weapons available to investors" to help...

  • 3M earnings, revenue fall short of estimates Thursday, 23 Apr 2015 | 7:47 AM ET
    3M

    3M delivered quarterly earnings and revenue that fell short of analysts' expectations on Thursday.

  • US STOCKS-Futures up as weak earnings worries fade Tuesday, 21 Apr 2015 | 7:18 AM ET

    April 21- U.S. stock index futures rose on Tuesday after earnings results by companies including IBM helped ease fears of a disappointing earnings quarter. *IBM shares were up 0.7 percent at $167.25 in premarket trading after its earnings exceeded low expectations on Monday as it shed unprofitable businesses to focus on cloud-computing.

  • MOSCOW, April 20- Russian services conglomerate Sistema said on Monday it planned total dividend payments of 4.54 billion roubles.

  • April 17- General Electric Co's quarterly industrial earnings rose 9 percent, helped by cost cuts that expanded profit margins, as the U.S. conglomerate banks on manufacturing of jet engines, turbines and other big-ticket products as it unloads most of its finance business. Overall, GE posted a first-quarter net loss of $13.6 billion, or $1.35 per share.

  • April 17- General Electric Co said on Friday its quarterly industrial profit rose 9 percent helped by improved profit margins, as the U.S. conglomerate shifts more to manufacturing of jet engines, turbines and other big-ticket products and splits from finance. Results were weighed down by about $16 billion in charges tied to its exit of GE Capital assets.

  • *Bollore is Vivendi's biggest holder, chairman. PARIS, April 16- Billionaire businessman Vincent Bollore is likely to tighten his hold on French media group Vivendi when shareholders decide on Friday whether to give long-term investors double voting rights. Going into Vivendi's annual meeting, Bollore is the uncontested leader of the 162- year-old...

  • 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 Lalibert√© 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...