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Industrial Conglomerates
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FAIRFIELD, Conn.-- General Electric Co. said Monday that it will receive $6.5 billion in dividends from its finance arm this year as the conglomerate works on reducing the size of its GE Capital financial arm.
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The valuation being ascribed to Time Inc, the nation's largest magazine publisher with titles such as Time, Sports Illustrated and People, ranges from $2 billion to $3.5 billion. A Time Inc representative did not immediately return a request for comment.
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Feb 13- General Electric Co expects to return about $18 billion to investors this year as it sells its remaining stake in NBC Universal, a move that executives said should allow it to achieve its long-held goal of buying back the shares it issued in the depths of the financial crisis.
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MEXICO CITY, Feb 12- Mexican conglomerate Alfa on Tuesday posted a fourth-quarter profit of 1.497 billion pesos, an increase of 57 percent from the 952.6 million peso profit logged in the same period a year ago.
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Van Houten picked new managers at each of the company's three core businesses- consumer lifestyle, healthcare and lighting- and is shaking up a stodgy culture in a firm that once led in R&D but sometimes fell short in the marketplace.
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WASHINGTON, Feb 11- The United States on Monday announced new sanctions on a Chinese businessman and several companies for selling to Iran items banned under U.S. laws aimed at curbing that country's missile program.
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Feb 6- News Corp reported higher quarterly revenue and profit on Wednesday on strong growth at its cable networks. The media conglomerate, controlled by Rupert Murdoch, said revenue rose 5 percent to $9.43 billion for the quarter that ended in December.
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*4th- qtr earnings $1.12 per share vs $1.36 year earlier. The company, controlled by hotels, energy and financial services conglomerate Loews Corp, which reported stronger-than-expected quarterly profit, also said it had won a three-year $439 million contract from Royal Dutch Shell Plc for work in the North Sea.
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SEOUL, Feb 1- Samsung Electronics Co Ltd Chairman Lee Kun- hee fended off a lawsuit by estranged family members demanding he hand over billions of dollars of shares in Samsung companies as a South Korean court ruled in his favour on Friday.
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SAO PAULO, Feb 1- Two hundred feet under Sao Paulo's most famous old-money neighborhood, home to artists, coffee barons and retired generals, a major breakthrough is about to take place in Brazil's quest to improve its dilapidated infrastructure.
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Jan 31- Media conglomerate Viacom Inc said on Thursday that quarterly revenue fell 16 percent mainly on weaker results from its Paramount movie unit but profit topped estimates. Revenue totaled $3.3 billion, while analysts, on average, expected Viacom to report revenue of $3.48 billion, according to Thomson Reuters I/B/E/S.
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The media conglomerate reported net income of $473 million, or 93 cents per share, for the first quarter ending Dec. 31, compared with $591 million, or $1.06 per share, for the same period last year.
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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.
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SINGAPORE, Jan 30- Thai billionaire Charoen Sirivadhanabhakdi has raised his stake in Fraser and Neave Ltd to more than 50 percent, turning his offer to buy the rest of the Singapore property and drinks conglomerate unconditional.
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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.
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*It could take several weeks to resume full coal production in Queensland- resources council. SYDNEY, Jan 30- 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.
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HONG KONG, Jan 28- Hong Kong shares were set to start the week higher on Monday, helped by 2 percent gains for Hong Kong conglomerate Wharf Holdings and Chinese consumer counter Hengan International. The Hang Seng Index was set to open up 0.2 percent at 23,622 points. The China Enterprises Index of the top Chinese listings in Hong Kong was indicated to start flat.
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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.
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*Honeywell, McDonald's profit despite shaky sales. McDonald's Corp was able to beat Wall Street's profit forecasts by keeping its locations open on Christmas and rolling out the cult favorite McRib sandwich in December.
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*United Tech confirms 13 pct profit growth forecast. *Textron sees 2013 earnings up about 12 percent.
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Jan 22- Warren Buffett, the famed investor and notorious lover of cheeseburgers and cherry-flavored sodas, a competitive runner? Buffett's conglomerate, Berkshire Hathaway, on Tuesday said it will add a 5- kilometer run to the festivities at its annual shareholder weekend this coming May.