Industrial Conglomerates


  • *Shares in Alstom rise 1.9 percent. PARIS, May 28- U.S. conglomerate General Electric has improved its offer for French train and turbine maker Alstom, notably concerning the impact on jobs, an official at French President Francois Hollande's office said on Wednesday.

  • JOHANNESBURG, May 27- The new boss of South Africa's Adcock Ingram announced an overhaul of the struggling drugmaker to allow its different businesses to operate more independently in a bid to make them more nimble and increase accountability.

  • *Ukraine puts moratorium on arms export to Russia. KRAMATORSK, Ukraine, May 27- In quiet defiance of a promise by Kiev's pro-European government to cut arms ties with Moscow, a state-owned defence firm in eastern Ukraine has vowed to work around the clock to fill every Russian order it gets.

  • YEKATERINBURG, May 23- VSMPO-Avisma, the world's largest titanium producer, warned Airbus on Friday it would be forced to pay penalties if the European planemaker terminated a $4 billion contract with its Russian supplier.

  • UPDATE 1-Vivendi to sell 41.5 mln Activision shares Wednesday, 21 May 2014 | 6:38 PM ET

    May 21- Activision Blizzard Inc said Vivendi S.A. will sell 41.5 million of the videogames publisher's shares, as part of a planned stake sale announced by the French conglomerate last July.

  • *Atlas Mara to raise $400 mln to pursue acquisitions. *Barclays targets Africa potential as it scales back investment bank. This was just five days after Barclays, the British bank where Diamond was chief executive before he was ousted in 2012, announced the dismantling of the investment bank he built up and pinpointed Africa as one of its two main growth engines.

  • Industrialist Villar Mir glimpses new dawn in Spain Tuesday, 20 May 2014 | 7:38 AM ET

    MADRID, May 20- Billionaire industrialist Juan Miguel Villar Mir has been buying into Spain's battered property and wind power sectors, marking a change in domestic sentiment after a six-year crisis. The 82- year-old Villar Mir, the chairman of builder OHL and its private conglomerate parent Grupo Villar Mir, prospered abroad during the crisis.

  • JAKARTA, May 19- Indonesia's Joko "Jokowi" Widodo received a major boost in the race to become president of the world's third-largest democracy on Monday when he picked popular former vice president Jusuf Kalla as his running mate in the July election.

  • *Says government doesn't rule out taking a stake in Alstom. The government gave itself the power to block takeovers in "strategic" sectors on Thursday, throwing up a potential roadblock to U.S conglomerate General Electric's $16.9 billion bid for Alstom's power business.

  • May 14- China's CITIC Pacific Ltd said it had secured $5.1 billion to help fund the purchase of some $36 billion in assets from its state-owned parent company, as strategic investors lined up to give the landmark deal their blessing.

  • Renault-Nissan's Russian resilience has limits Wednesday, 14 May 2014 | 9:08 AM ET

    PARIS/ MOSCOW, May 14- Renault is looking closely at Western sanctions on Russia even though its carmaking alliance with Nissan appears better positioned than others to ride out the crisis over Ukraine.

  • SEOUL, May 14- Unassuming, media-shy and, as yet, unproven, Jay Y. Lee is the unofficial heir-apparent to lead Samsung Electronics Co Ltd, as the world's biggest technology group by sales approaches a crossroads after years of explosive growth.

  • SEOUL, May 14- Unassuming, media-shy and, as yet, unproven, Jay Y. Lee is the unofficial heir-apparent to lead Samsung Electronics Co Ltd, as the world's biggest technology group by sales approaches a crossroads after years of explosive growth.

  • SEOUL, May 11- The chairman of Samsung Electronics Co, the flagship of South Korea's biggest conglomerate, underwent a cardiac procedure on Sunday and is now recovering, the Samsung Medical Center said in a statement.

  • *Likely gainers: Kalyani Steels and JSW Steel. *Likely losers: Sesa Sterlite and Essel Mining. NEW DELHI, May 9- When Indian prime ministerial hopeful Narendra Modi asked at an election rally if anyone knew of a country that exported wheat but imported bread, steelmakers joined his followers to cheer.

  • *Main opposition party says Sri Lanka has no real licences. COLOMBO, May 9- Sri Lanka will not oppose the casino planned for a $400 million mixed-use resort being developed by Australia's Crown Resorts Ltd if it is operated using an existing license held by a local partner, a top government official said on Thursday.

  • *Two production JVs and research centre planned in China. GENOA, Italy, May 8- Shanghai Electric Group has agreed to pay 400 million euros for 40 percent of power engineering company Ansaldo Energia, becoming the latest Chinese company to buy into Italy's fledgeling economic recovery.

  • May 8- General Electric, which wants to buy Alstom's energy businesses, is not in talks with Japanese conglomerate Toshiba Corp about the French company's power grid business, a GE France spokesman said on Thursday. The Nikkei business daily said Toshiba would offer to buy Alstom's power grid unit if GE purchased the French firm's energy businesses.

  • *CEO says won't stay in transport-focused Alstom. PARIS, May 7- French industrial engineer Alstom posted a drop in orders and annual profit and scrapped its dividend on Wednesday, underscoring its case for a deal with U.S. conglomerate General Electric to secure its future.

  • BERLIN, May 7- The head of German conglomerate Siemens expressed regret on Wednesday for referring to the West's showdown with Russia over Ukraine as "short-term turbulences" when he held a controversial meeting with Russian President Vladimir Putin in late March.