Industrial Conglomerates


  • 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.

  • Solid earnings help European shares to fresh 5-year high Wednesday, 30 Oct 2013 | 8:12 AM ET

    *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.

  • Loews profit rises 59 pct after lower charge Monday, 28 Oct 2013 | 6:35 AM ET

    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.

  • Deals of the day- Mergers and acquisitions Monday, 21 Oct 2013 | 5:18 PM ET

    **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.

  • Forget chaebols, a new Korea Inc is emerging     Tuesday, 27 Aug 2013 | 7:41 PM ET

    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 Plans $6.5 Billion in Cash to Parent Monday, 20 May 2013 | 6:59 AM ET

    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 Has Good News and Bad News Thursday, 4 Apr 2013 | 11:44 AM ET
    General Motors headquarters in Detroit, Michigan.

    GM sales rose 6.4 percent in March - the best March in five years, but, still, below market expectation. TheStreet.com reports.

  • Thai Tycoon Wins Control of Fraser and Neave Wednesday, 30 Jan 2013 | 7:48 PM ET
    Range of Fraser & Neave Ltd. (F&N) products

    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.

  • Australia Floods Cast Pall Over Wesfarmers Outlook Tuesday, 29 Jan 2013 | 9:55 PM ET

    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.

  • How Corporate America 'Squeezes' Out Its Survival Sunday, 27 Jan 2013 | 9:23 AM ET

    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.

  • Panasonic's Toughbook 53 model.

    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 Higher 2013 Sales Despite 'Cliff' Fears Monday, 17 Dec 2012 | 5:26 PM ET
    FILE-  This Dec. 2, 2008, file photo, shows a General Electric (GE) logo on display at Western Appliance store in Mountain View, Calif. (AP Photo/Paul Sakuma, File)

    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.

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