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Industrial Conglomerates

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  • Oct 8- Vivian Schiller said she was stepping down as Twitter Inc's news head after nearly a year at the microblogging website, the latest executive exit from the company this year. Stanton, who also is on the board of French conglomerate Vivendi SA, became Twitter's new media chief in July, placing the former Google Inc executive at the heart of crucial...

  • Laguna Niguel, Calif., Oct 7- Billionaire investor Warren Buffett on Tuesday predicted Democrat Hillary Clinton would run for the U.S. presidency in 2016 and win. "Hillary is going to run," said Buffett, the chairman and chief executive of conglomerate Berkshire Hathaway Inc, speaking at Fortune's Most Powerful Women Summit in Laguna Niguel, California.

  • John Flannery, 53, was appointed president and chief executive officer of GE Healthcare, effective immediately. With 27 years at GE, Flannery most recently was GE's senior vice president of business development, which recently included a key role in the $16.9 billion purchase of the power assets of France's Alstom. Previously, Flannery served as president and...

  • Siemens may close some energy plants amid low margins Saturday, 4 Oct 2014 | 7:38 AM ET

    FRANKFURT, Oct 4- German industrial conglomerate Siemens expects low profit margins at its energy division in the next couple of years and could close some factories as a result, the head of the division told the Boersen-Zeitung newspaper. Siemens strengthened it this year with the acquisitions of U.S.-based Dresser Rand as well as Rolls Royce's power unit.

  • BUENOS AIRES, Oct 3- Argentina has defaulted on its debt, the economy is stagnant, inflation is soaring and its market-friendly central bank chief has just been forced out. President Christina Fernandez this week publicly blasted the trading as unpatriotic, accusing those involved in it of trying to pull down her government and ordered an investigation into...

  • Oct 2- Warren Buffett, the billionaire chairman and chief executive officer of conglomerate Berkshire Hathaway Inc, praised Coca-Cola's altered executive compensation plan on Thursday. Buffett also said Burger King Worldwide Inc's $11.5 billion purchase of Tim Hortons Inc was not a tax-motivated deal. " Berkshire committed $3 billion in preferred equity...

  • NEW DELHI/ MUMBAI, Oct 2- Subrata Roy, the jailed head of India's Sahara conglomerate, is back in a cell after living in a makeshift prison office for two months while working on the sale of three luxury hotels in New York and London, a deal that is still hanging. India's top court had allowed the tycoon to use an office, phone, Internet connection and three secretaries in...

  • MOSCOW, Oct 2- Russian President Vladimir Putin said on Thursday that he will not intervene in the legal investigation into the privatisation of mid-sized oil producer Bashneft, controlled by the Sistema conglomerate.

  • LOS ANGELES, Sept 29- DreamWorks Animation SKG Inc's talks about taking on a Japanese owner highlight the challenges facing Hollywood's smaller studios in remaining independent and could prompt a string of other deals.

  • LOS ANGELES, Sept 29- DreamWorks Animation SKG Inc could soon have a new Japanese owner in a deal that highlights the challenges facing Hollywood's smaller studios in remaining independent and could prompt a string of other deals.

  • MOSCOW, Sept 29- Russian oil-to-telecomms conglomerate Sistema said on Monday it was not party to the privatization of oil assets in the Republic of Bashkortostan and would use all available legal means to defend its rights.

  • MOSCOW, Sept 29- Russian oil-to-telecomms conglomerate Sistema said on Monday it was not party to the privatisation of oil assets in the Republic of Bashkortostan and would use all available legal means to defend its rights.

  • SWIRE PACIFIC UNIT WORKERS STRIKE, CALL FOR HK LEADER TO STEP. HONG KONG, Sept 29- About 200 workers at Swire Beverage, a unit of Hong Kong conglomerate Swire Pacific and a major bottler for The Coca-Cola Company, went on strike on Monday in support of pro-democracy protesters in the city, a union representative said.

  • MOSCOW, Sept 26- The Russian rouble hit a new record low against the dollar on Friday, hurt in part by companies' foreign debt repayments, while shares in conglomerate Sistema plunged after another twist in a criminal investigation into its chairman.

  • MOSCOW, Sept 26 (Reuters)- The Russian rouble hit a new record low against the dollar on Friday, hurt in part by companies' foreign debt repayments, while shares in conglomerate Sistema plunged after another twist in a criminal investigation into its chairman.

  • MOSCOW, Sept 26- A Russian court has seized shares in oil company Bashneft that are owned by Sistema, a conglomerate controlled by wealthy businessman Vladimir Yevtushenkov, over alleged violations in the oil firm's sale.

  • Russian court seizes Sistema shares in Bashneft Friday, 26 Sep 2014 | 1:22 AM ET

    MOSCOW, Sept 26- A Russian court has seized shares in oil company Bashneft that are owned by Sistema, a conglomerate controlled by wealthy businessman Vladimir Yevtushenkov, on the request of the prosecutor general's office over alleged violations in the oil firm's sale.

  • China's Fosun Group to invest $200 mln in Studio 8 - WSJ Wednesday, 24 Sep 2014 | 1:28 PM ET

    Sept 24- Chinese conglomerate Fosun Group is investing $200 million in U.S. media company Studio 8, a startup led by former Warner Bros executive Jeff Robinov, the Wall Street Journal reported, citing sources familiar with the matter.

  • *Restructuring charges of 50 million euros through 2016. AMSTERDAM, Sept 23- Philips, the Dutch conglomerate that started life making light bulbs 123 years ago, is splitting off its lighting business in a bold step to expand its higher-margin healthcare and consumer divisions.

  • FRANKFURT, Sept 22- Drugs and chemicals maker Merck KGaA agreed on Monday to acquire U.S. company Sigma-Aldrich for $17 billion in cash to boost its lab supplies business, the biggest takeover in the German group's history.