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Industrial Conglomerates

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  • 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.

  • UPDATE 3-Chile's CFR raises Adcock offer to $1.2 bln Friday, 13 Dec 2013 | 12:45 PM ET

    JOHANNESBURG, Dec 13- Chile's CFR Pharmaceuticals has raised its takeover offer for South African drugmaker Adcock Ingram by 1.6 percent to 12.8 billion rand in cash and stock, in an attempt to win over Adcock's top shareholder.

  • JOHANNESBURG, Dec 13- Chile's CFR Pharmaceuticals slightly sweetened its takeover offer for South African drugmaker Adcock Ingram to 12.8 billion rand in cash and stock on Friday, an attempt to win backing from the top shareholder.

  • After a two-year investigation, a executive working for a Chinese conglomerate was arrested on charges of stealing inbred corn seed from production fields in Iowa and Illinois and trying to smuggle it into China, U.S.

  • After a two-year investigation, a man working for a Chinese conglomerate was arrested on charges of stealing inbred corn seed from production fields in Iowa and Illinois and trying to smuggle it into China, U.S.

  • DETROIT, Dec 2- Chrysler Group LLC said on Monday it will offer a new small commercial van for the North American market based on parent Fiat's Doblo van. The Ram ProMaster City will be built at a Fiat joint venture plant in Turkey. The plant, called Tofas, is a joint venture of Turkish conglomerate Koc Holding AS and Fiat SpA.

  • European firms size up Iran's post-deal potential Friday, 29 Nov 2013 | 12:00 AM ET

    *Populous, resource-rich Iran could be lucrative market. *German exports to a post-sanction Iran could hit 5 bln euros.

  • NEW YORK, Nov 26- Industrial conglomerate Danaher Corp and private equity firm Blackstone Group LP are pursuing a joint bid for chemicals manufacturer Ashland Inc's water technologies unit, two people familiar with the matter said on Tuesday, in a deal that could top $1.5 billion.

  • NEW YORK, Nov 25- At least six major private equity groups are competing to buy the industrial packaging segment of Illinois Tool Works Inc, in a deal that could fetch more than $3 billion, according to people familiar with the matter.

  • NEW YORK, Nov 21- The U.S. corporate tax rate should be lowered to encourage competitiveness with rivals around the globe, the chief executive of conglomerate Honeywell said on Thursday, days after a U.S. senator proposed sweeping changes to the tax code.

  • *World Bank says Vietnam PPP model "innovative". HANOI, Nov 15- For a firm short on capital with a background in textiles, property and bottling water, Bitexco wasn't the obvious choice to build a $757 million highway backed by the World Bank in Vietnam's first-ever public-private partnership.

  • *World Bank says Vietnam PPP model "innovative". HANOI, Nov 15- For a firm short on capital with a background in textiles, property and bottling water, Bitexco wasn't the obvious choice to build a $757 million highway backed by the World Bank in Vietnam's first-ever public-private partnership.

  • Yellen's reassurance helps European shares bounce back Thursday, 14 Nov 2013 | 3:50 AM ET

    LONDON, Nov 14- European shares rallied early on Thursday, recouping all the ground they lost earlier this week, after the Federal Reserve's incoming chair, Janet Yellen, eased concerns that stimulus measures would start to be rolled back this year.

  • Nov 13- Two months before his death in 1989, Iranian leader Ayatollah Ruhollah Khomeini tried to solve a problem unleashed by the revolution he led a decade earlier. The result was a new organization- known as Setad, or "The Headquarters"- that reported to Iran's supreme leader. Instead, Setad's holdings underpin his power over Iran.

  • SHANGHAI, Nov 12- China's supervisory body for state-owned companies has denied a media report that it will allow private investors to buy up to 15 percent stakes in state enterprises, adding that it will unveil a reform plan "as soon as possible".

  • SINGAPORE/ YANGON, Nov 12- At Yangon International airport, large blue and white signs in the arrival and departure halls promote Singapore's stock exchange as the go-to destination for Myanmar businesses seeking capital.

  • SHANGHAI, Nov 11- China will allow private investors to buy up to 15 percent stakes in state-own enterprises, the official China Daily reported, as Beijing moves to leverage private funds to avoid having to bail out heavily indebted state owned firms.

  • NEW YORK, Nov 6- Global stock markets rose on Wednesday and the Dow industrials marked a record closing high as investors seized on signs that the Federal Reserve may keep rates low for longer than expected.

  • Earnings beats for ING, Adecco give new momentum to rally. LONDON, Nov 6- European shares hit five-year highs on Wednesday after estimate-beating results from financial conglomerate ING and staffing firm Adecco gave fresh impetus to a largely stimulus-driven equity rally.

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