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Industrial Conglomerates

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  • *Time Warner shares up 16.9 percent. NEW YORK, July 16- Rupert Murdoch's 21st Century Fox Inc said on Wednesday that Time Warner Inc had rebuffed its offer to buy the company, but people familiar with his thinking say he is determined to bring the U.S. media conglomerate into his empire.

  • *Murdoch may consider higher offer for Time Warner- sources. NEW YORK, July 16- Rupert Murdoch's 21st Century Fox Inc said on Wednesday it had offered to buy Time Warner Inc, a move that would unite two of the world's most powerful media conglomerates, but Time Warner rebuffed its offer.

  • UPDATE 2-Murdoch's Fox hunting Time Warner Wednesday, 16 Jul 2014 | 8:35 AM ET

    *Murdoch determined to pursue Time Warner- NYT. July 16- Rupert Murdoch's 21st Century Fox said it made a bid to buy media conglomerate Time Warner Inc but was rebuffed. Time Warner's stock jumped 22.5 percent to $87 premarket as the New York Times reported that Murdoch was determined to buy Time Warner and was unlikely to walk away despite the rejection.

  • July 16- Media mogul Rupert Murdoch is determined to buy Time Warner Inc after the media conglomerate rejected an $80 billion buyout offer from Twenty-First Century Fox Inc, the New York Times reported. Twenty-First Century Fox, controlled by Murdoch, offered last month to buy Time Warner for $85 per share in cash and stock, the newspaper reported.

  • By Sergio Goncalves and Laura Noonan. LISBON July 11- Portugal's government and central bank assured investors on Friday that the southern European country's financial system was sound, aiming to quell worry about the spillover effects of trouble at the Espirito Santo business empire.

  • July 10- Online music sharing service SoundCloud Ltd is close to a deal with Universal Music Group, Sony Music Entertainment, and Warner Music Group for licenses to continue playing their songs and avoid potential legal disputes, Bloomberg reported citing people with knowledge of the matter.

  • DUBAI, July 3- Dubai World, one of the emirate's big state-owned conglomerates, has made a second early repayment worth around $300 million under its $25 billion debt restructuring plan, sources familiar with the matter said on Thursday.

  • TOKYO, July 3- Japan's Mitsubishi Electric has agreed to take the first step towards a partnership with European missile maker MBDA to develop a medium-range air-to-air missile for the F-35 stealth fighter, two people with knowledge of the matter said.

  • HONG KONG/ SEOUL, July 2- Investment bankers are jostling to win plum roles from the founding Lee family of Samsung Group, South Korea's top fee-payer, as it prepares to hand the baton to the next generation in a restructuring that could land more than $100 million in advisory fees alone.

  • HONG KONG/ SEOUL, July 2- Investment bankers are jostling to win plum roles from the founding Lee family of Samsung Group, South Korea's top fee-payer, as it prepares to hand the baton to the next generation in a restructuring that could land more than $100 million in advisory fees alone.

  • UPDATE 1-Alstom minority investors criticise GE deal Tuesday, 1 Jul 2014 | 2:54 PM ET

    *Say they lack information on valuation of Alstom's assets. PARIS, July 1- Minority shareholders in Alstom criticised its planned tie-up with General Electric, saying they had not been given enough information, and some voiced concern about the French government's influence as a result of the deal.

  • Under Chief Executive Frans van Houten, the Dutch company- which started out 120 years ago as a pioneer in electric lighting- has been shifting away from the consumer electronics sector in a restructuring which has involved more than 5,000 job cuts and the sale of its television business.

  • NEW YORK, June 26- Graeme Hart, whose packaging conglomerate made him New Zealand's richest man, is in the early stage of exploring options for his U.S. auto parts businesses, which he acquired for nearly $2 billion in 2011, according to people familiar with the matter.

  • NEW YORK, June 26- Activist investment firm Relational Investors LLC has amassed a roughly 8.5 percent stake in Manitowoc Co Inc and is urging the crane and food equipment company to break itself up, according to people familiar with the matter.

  • SYDNEY, June 24- Australian billionaire Solomon Lew effectively ended a 17- year standoff with South Africa's Woolworths Holdings Ltd on Tuesday with a deal that will have the department store firm buy him out of two investments at a massive profit.

  • PARIS, June 23- French conglomerates Alstom and Vinci signed a 2 billion euro deal with Qatar on Monday to build a tram system in the future Lusail City, while the two countries also discussed a possible defense contract.

  • INSIGHT-Alstom loss is PR win for new Siemens chief Monday, 23 Jun 2014 | 8:44 AM ET

    *Siemens CEO earns praise for shrewd moves in Alstom battle. On Friday, the French government announced it had chosen U.S. conglomerate General Electric over Siemens and its bidding partner Mitsubishi Heavy Industries in the contest to acquire the energy assets of Alstom.

  • *Alstom to get $10 bln in cash as part of GE deal. PARIS, June 23- France will be making a sound investment by taking a stake in Alstom, its chief executive said on Monday, adding however that the government would be buying in too late to have a say in the use of proceeds from its tie-up with General Electric.

  • Merkel ally criticises French over Alstom deal Monday, 23 Jun 2014 | 4:32 AM ET

    BERLIN, June 23- A conservative ally of Chancellor Angela Merkel accused France on Monday of showing "ice-cold" national interests in choosing GE over Siemens for an alliance with Alstom, and also questioned whether Paris had the fiscal leeway to buy a large stake in the French firm.

  • Merkel ally criticizes French over Alstom deal Monday, 23 Jun 2014 | 4:32 AM ET

    BERLIN, June 23- A conservative ally of Chancellor Angela Merkel accused France on Monday of showing "ice-cold" national interests in choosing GE over Siemens for an alliance with Alstom, and also questioned whether Paris had the fiscal leeway to buy a large stake in the French firm.