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Industrial Conglomerates

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  • PARIS, June 15- France is continuing to press for guarantees from contenders to buy energy assets from Alstom, as Siemens and Mitsubishi Heavy Industries consider a joint move to challenge a formal offer from General Electric.

  • LONDON, June 14- Britain's Serious Fraud Office is pursuing its investigation of alleged corruption at Alstom as a major transatlantic takeover battle for the French engineering conglomerate reaches a climax, the Financial Times reported on Saturday.

  • *Mitsubishi and France would take equal stakes in Alstom- unions. MUNICH/ PARIS, June 13- Germany's Siemens and Japan's Mitsubishi Heavy Industries are putting the finishing touches on a joint offer for Alstom's turbine businesses that includes a cash element of roughly 9 billion euros, sources close to the bidders said.

  • Siemens and Mitsubishi finalize Alstom offer Friday, 13 Jun 2014 | 12:33 PM ET

    *Siemens would acquire gas turbines from Alstom, sources say. MUNICH/ PARIS, June 13- Germany's Siemens and Japan's Mitsubishi Heavy Industries are putting the finishing touches on a joint offer for Alstom's turbine businesses that includes a cash element of roughly 9 billion euros, sources close to the bidders said.

  • Siemens and Mitsubishi finalise Alstom offer Friday, 13 Jun 2014 | 12:33 PM ET

    *Siemens would acquire gas turbines from Alstom, sources say. MUNICH/ PARIS, June 13- Germany's Siemens and Japan's Mitsubishi Heavy Industries are putting the finishing touches on a joint offer for Alstom's turbine businesses that includes a cash element of roughly 9 billion euros, sources close to the bidders said.

  • *Two French papers say Mitsubishi mulling stake in Alstom. PARIS, June 12- Siemens and Mitsubishi Heavy Industries are trying to beat a bid by U.S. conglomerate General Electric for Alstom with an offer that would focus on alliances with the French engineering group, sources said on Thursday.

  • PARIS, June 12- French ministers met on Thursday to discuss the fate of cash-strapped engineering group Alstom as Siemens and Mitsubishi Heavy Industries hatched a plan to beat an offer by U.S. conglomerate General Electric.

  • PARIS, June 12- The French government met on Thursday to discuss the fate of cash-strapped engineering group Alstom but gave little indication of its feelings towards a plan being hatched by Siemens and Mitsubishi Heavy Industries.

  • MUNICH/ PARIS, June 11- Siemens is in talks with Mitsubishi Heavy Industries over a joint bid for the energy assets of France's Alstom, a move which could help the German firm overcome antitrust hurdles.

  • BERLIN, June 11- German conglomerate Siemens and Japan's Mitsubishi Heavy Industries on Wednesday said they had joined forces for a possible bid for some assets of France's Alstom. Siemens and Mitsubishi said in a joint statement they would decide on a proposal to Alstom's board of directors by Monday next week.

  • BERLIN, June 11- German conglomerate Siemens is in talks with Japan's Mitsubishi Heavy Industries on a possible joint bid for the energy assets of France's Alstom, a source close to Siemens told Reuters on Wednesday.

  • The talks, which began in earnest over the past two months, represent another milestone in Prime Minister Shinzo Abe's bid to nurture a domestic military export industry that would also bring down Japan's defence procurement costs at a time of rising tensions between Tokyo and an increasingly assertive China.

  • The talks, which began in earnest over the past two months, represent another milestone in Prime Minister Shinzo Abe's bid to nurture a domestic military export industry that would also bring down Japan's defence procurement costs at a time of rising tensions between Tokyo and an increasingly assertive China.

  • Nestle wants bigger piece of high-end chocolate Sunday, 8 Jun 2014 | 3:00 AM ET

    ZURICH/ LONDON, June 8- Nestle's chief executive, who oversees a sprawling empire stretching from baby food to wrinkle treatment, admits to finding one of its oldest businesses, chocolate, a source of frustration.

  • SEOUL, June 6- The heirs of ailing Samsung Group patriarch Lee Kun- hee face one of the biggest inheritance tax bills ever, and appear to have little option but to pay up.

  • MADRID, June 5- Spain's biggest bank Santander has sold a historic skyscraper in Madrid to Chinese conglomerate Dalian Wanda Group for 265 million euros, as foreign investors pile into the country's property market.

  • *Saha Group expects sales up 5 pct in 2014. BANGKOK, June 3- Thailand's largest consumer product conglomerate Saha Group forecast on Tuesday 5 percent sales growth for this year, saying it expected the military government would soon implement economic reforms to restore confidence after a coup.

  • *Storm comes as Siemens is considering bid for Alstom. BERLIN/ MUNICH, May 30- The chief executive of German conglomerate Siemens tried to calm a brewing storm over job cuts on Friday after he let slip at an investor conference in New York that his plan to restructure the company could put up to 11,600 staff at risk.

  • MUNICH, May 30- The chief executive of German conglomerate Siemens said up to 11,600 jobs could be at risk in a restructuring plan he unveiled earlier this month that aims to save the company 1 billion euros annually. Previously Siemens had been structured along sectoral and regional lines.

  • SHANGHAI/ BEIJING, May 30- Chinese software companies such as Neusoft Corp and China National Software& Service Co Ltd are picking up sales and expanding their marketing as China trades cyber spying accusations with the United States.