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Industrial Conglomerates

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  • Levy was drafted in 2002 into the management team that revived the then telecoms-to-media conglomerate Vivendi. The 59- year-old, who began his career at France Telecom, spent a decade paring back Vivendi film, TV and Internet assets. "At Vivendi and at Thales, he didn't turn up with an entourage," said Capron, who was finance director at Vivendi during part of Levy's...

  • *Dubai closes below 200- day average, first time since 2012. *Ezz Steel lifts Egypt after govt restricts steel imports. DUBAI, Oct 15- Most stock markets in the Middle East continued to decline on Wednesday as global equities remained under pressure and disappointing quarterly earnings and forecasts weighed on bourses in Oman and Kuwait.

  • HONG KONG, Oct 15- China Resources Holding Co Ltd's new chairman has met with at least 10 provincial governments since taking the helm six months ago- a charm offensive that is helping the state-owned conglomerate move past a major corruption scandal. The campaign by the politically connected Fu, formerly chief of China Merchants Group, which is also a sprawling...

  • MUMBAI, Oct 13- Reliance Industries Ltd, a conglomerate that operates the world's biggest refinery, reported a rise in profits that beat forecasts, helped by stronger refining margins, and said it would invest up to $9 billion in the next two quarters. The company, controlled by India's richest man, Mukesh Ambani, has been expanding beyond its core refining and...

  • PANAMA CITY, Oct 10- The Panama Ports Company, a unit of Hong Kong- based conglomerate Hutchison Whampoa Ltd, will invest about $110 million through 2015 to expand Panama's Balboa Port, the company's top executive told reporters on Friday. The expansion will add loading and unloading space to the Pacific coast facility as well as wire the port's fuel-burning...

  • GE unit in talks to buy Milestone Aviation - WSJ Friday, 10 Oct 2014 | 6:32 PM ET

    Oct 10- General Electric Co's finance arm is in talks to buy Milestone Aviation Group Ltd, as the U.S. conglomerate looks to expand its aircraft-leasing operation into helicopters, The Wall Street Journal reported, citing people familiar with the matter. Milestone, co-founded by NetJets Inc founder Richard Santulli, has announced plans for an initial public...

  • 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.