Industrial Conglomerates
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FAIRFIELD, Conn.-- General Electric Co. said Monday that it will receive $6.5 billion in dividends from its finance arm this year as the conglomerate works on reducing the size of its GE Capital financial arm.
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LIMA, May 1- Brazilian conglomerate Odebrecht plans to invest $20 billion globally over the next three years, mostly in Latin America and much of it in Peru, the company's chief executive said on Wednesday. Chief Executive Marcelo Odebrecht said about 85 percent of overall investments would be made in Latin America.
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*Time Warner, Comcast, Viacom all top Wall St estimates. May 1- Some of the biggest U.S. media conglomerates beat earnings expectations on Wednesday, though Time Warner Inc, Viacom Inc and Comcast Corp all showed signs of being susceptible to swings in TV advertising revenue.
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DUBAI, May 1- The Dubai builder of the world's highest tower, the Burj Khalifa, hinted it might develop an even taller skyscraper and two conglomerates outlined grandiose real estate plans, underscoring recovery in the emirate's bombed-out property sector.
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DUBAI, May 1- The Dubai builder of the world's highest tower, the Burj Khalifa, hinted it might develop an even taller skyscraper and two conglomerates outlined grandiose real estate plans, underscoring recovery in the emirate's bombed-out property sector.
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DUBAI, May 1- The Meydan Group and the Sobha Group, two conglomerates in Dubai, said on Wednesday they had agreed to form a joint venture to develop a major leisure, retail and residential complex adjacent to the city's downtown area.
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TEL AVIV, April 30- Nochi Dankner, the chairman of debt-ridden Israeli conglomerate IDB Holding Corp, won a key battle in a fight with bondholders, with a Tel Aviv court allowing Dankner to keep control of the company albeit with outside supervision.
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April 30- General Electric Co agreed to pay $40 million to settle a shareholder lawsuit accusing the conglomerate of misleading investors about its health and exposure to risky debt during the 2008 financial crisis.
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FRANKFURT, April 30- Shares in German media conglomerate RTL Group slipped below their issue price in their first day of trading on Frankfurt's stock exchange, following the world's largest share offering of a media group in eight years.
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PARIS/ LONDON, April 30- A year into a strategic revamp, Vivendi is inching closer to its first sale which is expected to be the catalyst for deeper change at the telecom-to-media conglomerate and for its leaders. Vivendi is evaluating two bids from Gulf telecom operators Etisalat and Ooredoo for its 53 percent stake in Maroc Telecom.
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*Earlier offer range was 54- 62 euros/ share. FRANKFURT, April 29- German media conglomerate Bertelsmann has set the placement price for part of its stake in RTL Group at 55.50 euros, bringing it gross proceeds of up to 1.42 billion euros, RTL said on Monday.
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FRANKFURT, April 29- German media conglomerate Bertelsmann has set the placing price for part of its stake in RTL Group at 55.50 euros, RTL said on Monday.
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TEL AVIV, April 29- Tata Industries will invest $5 million in a new Tel Aviv University technology fund, saying it saw the university as its Israeli research and development centre.
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**MOODY'S CORP, Friday close $55.12, up 3 pct premarket. Moody's Investors Service and Standard& Poor's on Friday said they have settled two long-running lawsuits seeking to hold them responsible for misleading investors about the safety of risky debt vehicles that they had rated.
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April 29- Hotel, energy and financial services conglomerate Loews Corp reported a 34 percent drop in first-quarter profit due to higher impairment charges and a sharp fall in investment income.
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April 29- Hotel, energy and financial services conglomerate Loews Corp reported a 34 percent fall in quarterly profit due to lower revenue from its offshore rig contracting unit Diamond Offshore and a drop in investment income.
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*Shares to be offered for 54- 56.50 euros/ share- sources. FRANKFURT, April 29- German media conglomerate Bertelsmann has narrowed the price range for the placement of part of its stake in RTL Group to between 54 and 56.50 euros per share, the lower end of the previous range, two people familiar with the process told Reuters on Monday.
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*Asia insurance M&A hits record $30.5 bln last year. HONG KONG, April 29- A deal-making frenzy in Asia's insurance industry is turning up the heat on buyers to fork out huge sums or miss out on a prime chance to tap into the sector's fastest growing market, and few predict a slowdown despite the eye-popping prices.
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*Asia insurance M&A hits record $30.5 bln last year. HONG KONG, April 29- A deal-making frenzy in Asia's insurance industry is turning up the heat on buyers to fork out huge sums or miss out on a prime chance to tap into the sector's fastest growing market, and few predict a slowdown despite the eye-popping prices.
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*Sterlite's Vietnam customers buy spot shipments from Japan* Smelters' processing fees could rise further By Melanie Burton and Anupama Chandrasekaran.
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*Sterlite's Vietnam customers buy spot shipments from Japan* Smelters' processing fees could rise further By Melanie Burton and Anupama Chandrasekaran.