An executive under investigation for suspected corruption has been sacked as chairman China Resources Holdings the Xinhua news reported.» Read More
Jan 17- General Electric Co posted in-line overall quarterly earnings on Friday but disappointed investors by failing to meet its full-year profit margin goal due to delayed wind turbine deliveries and poor energy management results. Shares in the U.S. conglomerate fell 2.5 percent in morning trading to $26.52, against a broadly flat market.
*Wall Street edges lower as Intel, GE weigh after results.
*American Express leads Dow, S&P after results. *Intel falls after results, outlook. NEW YORK, Jan 17- U.S. stocks were mostly lower on Friday, as declines in Intel and General Electric outweighed the advance in American Express in the wake of their quarterly earnings.
*Morgan Stanley higher after results. NEW YORK, Jan 17- U.S. stocks were poised to open little changed on Friday, in the wake of earnings from Morgan Stanley and General Electric, and ahead of data on the housing market and consumer sentiment.
*Morgan Stanley, GE higher after results. NEW YORK, Jan 17- U.S. stock index futures advanced on Friday, in the wake of earnings from Morgan Stanley and General Electric, and ahead of data on the housing market and consumer sentiment. *Morgan Stanley rose 1.9 percent to $32.61 before the opening bell even as it reported a slump in quarterly profit.
Jan 17- General Electric Co posted a rise in quarterly net profit on Friday, helped by strength in its businesses selling oil pumps and jet engines. The U.S. conglomerate said net earnings rose to $4.2 billion, or 41 cents per share, from $4.01 billion, or 38 cents a share, a year earlier.
The U.S. conglomerate said net earnings rose to $4.2 billion, or 41 cents per share, from $4.01 billion, or 38 cents a share, a year earlier.
Jan 16- Johnson& Johnson said on Thursday it will sell its ortho clinical diagnostics unit to private equity firm Carlyle Group for $4.15 billion, a year after announcing it was considering spinning off or selling the slow-growing business.
JOHANNESBURG, Jan 16- South Africa's Bidvest Group will close its offer for a stake in drugmaker Adcock Ingram early next month, it said on Thursday, in what may be an attempt to speed up a takeover battle that has been waylaid by delays.
*ThyssenKrupp CEO to face shareholders at AGM on Jan. 17. FRANKFURT, Jan 12- Three years after taking the helm at ThyssenKrupp, Heinrich Hiesinger is running out of time to implement his ambitious plan to retool the 200- year-old German steelmaker as a high-tech engineering conglomerate.
*Ahmed al-Qassim named Dubai Group CEO- sources. DUBAI, Jan 9- Dubai Group, a conglomerate in the midst of a $10 billion debt restructuring, has appointed as its chief executive Ahmed al-Qassim, who previously worked at its biggest creditor, three sources aware of the matter told Reuters.
RIO DE JANEIRO, Dec 26- Brazilian tycoon Eike Batista's troubled shipbuilder OSX Brasil SA and oil company Oleo e Gas Participações SA have taken another step toward emerging from Latin America's largest-ever bankruptcy with a deal to swap Oleo e Gas debt for stock.
*Sale of TCI for $7.8 billion was Iran's largest privatisation. Dec 24- In the fall of 2009, two of Iran's most powerful entities teamed up to participate in the largest deal in the history of the country's stock exchange.
Private equity firm Carlyle Group is nearing an agreement to acquire a Johnson & Johnson unit, people familiar with the matter said.
NEW YORK, Dec 18- General Electric Co expects profit from aviation, healthcare and other industrial units to rise at least 10 percent next year, the conglomerate said on Wednesday, adding it plans aggressive investments in manufacturing while shrinking its finance arm.
Dec 18- An Iranian businessman linked to a sprawling conglomerate controlled by Iran's supreme leader is wanted by the United States for allegedly trying to purchase hundreds of American-made assault rifles to smuggle into Iran. He was convicted there in June of attempted arms trafficking and attempting to violate sanctions on Iran.
The U.S. manufacturing conglomerate expects sales of $40.3 billion- $40.7 billion in 2014. Analysts on average expected revenue of $41.1 billion, according to Thomson Reuters I/B/E/S.
JOHANNESBURG, Dec 17- Chile's CFR Pharmaceuticals has accused South Africa's state pension fund of protectionism for opposing its $1.2 billion bid for drugmaker Adcock Ingram, a sensitive charge in a country keen to attract capital but wary of foreign takeovers.
NEW YORK, Dec 15- As a historic oil and gas boom transforms the U.S. energy sector, Wall Street is losing the battle to remain the partner of choice for energy producers and major consumers seeking to protect themselves against volatile prices.
JOHANNESBURG, Dec 15- South Africa's state pension fund on Sunday rejected a sweetened offer for drugmaker Adcock Ingram, likely derailing a $1.2 billion bid by Chile's CFR Pharmaceuticals to enter fast-growing Africa.