An executive under investigation for suspected corruption has been sacked as chairman China Resources Holdings the Xinhua news reported.» Read More
NEW YORK, Nov 3- Tri Pointe Homes Inc is near a deal to buy Weyerhaeuser Co's homebuilding division for about $2.7 billion, which would make it one of the 20 largest homebuilders in the United States, two people familiar with the matter said on Sunday.
*Volkswagen and Orkla rise after earnings and sales figures. LONDON, Oct 30- Pan-European equities settled near 5- year highs on Wednesday, supported by robust trading updates from carmaker Volkswagen and Norwegian conglomerate Orkla, among others.
*Orkla, Next top risers list after earnings beats. LONDON, Oct 30- European shares rose to five-year highs on Wednesday, lifted by a batch of solid earnings reports from carmaker Volkswagen, retailer Next and Norwegian conglomerate Orkla among others.
Orkla, Next top risers list after earnings beats. *Standard Life falls as results fail to impress. LONDON, Oct 30- Upbeat earnings helped European shares plough ahead early on Wednesday with UK retailer Next and Norwegian conglomerate Orkla among those reporting better than expected quarterly results.
*Orkla, Next top risers list after earnings beats. *Standard Life falls as results fail to impress. LONDON, Oct 30- Upbeat earnings helped European shares plough ahead early on Wednesday with UK retailer Next and Norwegian conglomerate Orkla among those reporting better than expected quarterly results.
BUENOS AIRES, Oct 29- Argentina's supreme court on Tuesday ruled as constitutional clauses of a law that will require media conglomerate Grupo Clarin to divest some of its units. The ruling will likely come as a relief for President Cristina Fernandez's government, only a few short days after swallowing the bitter pill of a setback in midterm elections.
Oct 28- Loews Corp posted a 59 percent jump in third-quarter profit as the hotel, energy and financial services conglomerate took a smaller impairment charge in its HighMount Exploration& Production unit. Loews is controlled by the billionaire Tisch family.
SAO PAULO/ RIO DE JANEIRO/ NEW YORK, Oct 28- A ttempts to save Eike Batista's flagship oil company, the business most responsible for the meltdown of his once high-flying industrial empire, have been hampered by internal conflict and unpredictable decisions by the Brazilian tycoon, sources with direct knowledge of the situation told Reuters.
Oct 25- Timber conglomerate Weyerhaeuser Co reported a better-than-expected quarterly profit as margins improved in its homebuilding business, which it is looking to sell.
VARANDEI, Russia, Oct 22- Vladimir Evtushenkov, owner of the Russian oil-to-telecoms conglomerate Sistema, on Tuesday became the first to publicly throw his hat into the ring for a stake in the potash producer Uralkali.
MEXICO CITY, Oct 21- Mexican billionaire Carlos Slim's Grupo Carso on Monday said it will pay out a special dividend of around $700 million after selling its share of Philip Morris International's Mexico business.
**Crown Castle International Corp said on Sunday that it had agreed to buy rights to about 9,700 AT&T Inc wireless communication towers for $4.85 billion in cash.
South Korean conglomerates, known as "chaebols," have dominated the economy here for decades but as CNBC's Chloe Cho finds out, a new start-up culture is emerging.
GE Capital, the financial arm of industrial giant General Electric, will return $6.5 billion worth of dividends back to its parent company over the course of the year.
GM sales rose 6.4 percent in March - the best March in five years, but, still, below market expectation. TheStreet.com reports.
Thai billionaire Charoen Sirivadhanabhakdi has raised his stake in Fraser and Neave (F&N) to more than 50 percent, turning his offer to buy the rest of the Singapore property and drinks conglomerate unconditional.
Australian mining-to-retail conglomerate Wesfarmers on Wednesday cut its full-year coal sales forecast, citing flooding in Australia and weak demand in Asia that is depressing sales prices.
After four years of belt-tightening, American companies are good at squeezing more profit out of every dollar of sales - a skill that chief executives regard as critical in the face of an uncertain economy.
Two thirds of the 420,000 patrol cars in the United States are equipped with Panasonic's rugged Toughbook computers, and chief Kazuhiro Tsuga sees the niche product as a model for how the sprawling conglomerate can make money beyond a gadget mass market increasingly dominated by Samsung Electronics and Apple.
GE expects revenue to be flat to up 5% in 2013 despite "fiscal cliff" fears. However, there's one area the company expects double-digit growth.