GO
Loading...

Industrial Conglomerates

More

  • TOKYO, April 28- Panasonic Corp forecast a third straight year of profit growth for the year to next March but at a much slower pace, counting on a re-orientation towards higher-margin industrial products such as car batteries to fuel growth.

  • *French minister confirms GE wants to buy Alstom power arm. *President Hollande gathers ministers to discuss Alstom. PARIS/ FRANKFURT, April 27- Siemens and the French government intervened in General Electric's plan to buy the power arm of Alstom on Sunday with an alternative European "champions" tie-up proposal and a pledge to act in France's national interest.

  • PARIS/ FRANKFURT, April 27- Siemens and the French government intervened in U.S.-based General Electric's plan to buy the power arm of France's Alstom on Sunday by offering an alternative tie-up between European "champions" and a pledge to act in France's national interest.

  • *Siemens says willing "to discuss future strategic opportunities" with Alstom. PARIS/ FRANKFURT, April 27- Alstom's arch rival Siemens wants talks with the struggling French engineering group, the German company said on Sunday, the day General Electric boss Jeff Immelt is due in Paris to thrash out a deal to buy Alstom's global power arm.

  • PARIS, April 26- General Electric boss Jeff Immelt is due in Paris on Sunday and is expected to meet France's economy minister as he closes in on a deal to buy the global power arm of struggling French engineer Alstom, sources close to the matter said. Some put a $13 billion valuation on Alstom's turbines and power grid equipment business.

  • GE boss to meet French minister as Alstom deal progresses Saturday, 26 Apr 2014 | 10:17 AM ET

    GE boss is due in Paris on Sunday and is expected to meet France's economy minister as he closes in on a deal to buy the power arm of French engineer Alstom

  • GE boss to meet French minister as Alstom deal progresses Saturday, 26 Apr 2014 | 10:01 AM ET

    PARIS, April 26- General Electric boss Jeff Immelt is due in Paris on Sunday and is expected to meet France's economy minister as he closes in on a deal to buy the global power arm of struggling French engineer Alstom, sources close to the matter said. Some put a $13 billion valuation on Alstom's turbines and power grid equipment business.

  • PARIS, April 25- U.S. industrial products giant General Electric is in talks to buy the global power turbines division of struggling French engineering group Alstom, according to two sources familiar with the discussions.

  • TOKYO/ NEW DELHI, April 25- Japanese telecoms giant NTT DoCoMo Inc said on Friday it was seeking to sell, likely at a deep discount, its stake in a loss-making Indian joint venture with diversified conglomerate Tata Group, bowing out of the world's second-biggest mobile phone market.

  • NEW YORK, April 24- Neovia Logistics LLC, a logistics services provider backed by industrial equipment conglomerate Caterpillar Inc, is exploring a sale that could value the company at more than $1 billion, according to people familiar with the matter.

  • UPDATE 4-Alstom shares jump on report of $13 bln GE bid Thursday, 24 Apr 2014 | 12:36 PM ET

    *Alstom shares up more than 14 percent. PARIS, April 24- Shares in Alstom jumped more than 14 percent on Thursday after a report that U.S. conglomerate General Electric was in talks to buy the struggling French turbine and train maker for about $13 billion.

  • UPDATE 3-Alstom shares jump on report of GE bid Thursday, 24 Apr 2014 | 8:08 AM ET

    *Alstom shares up more than 14 percent. *GE declines to comment; Bouygues supports Alstom strategy. A deal, which would be GE's biggest ever and would hand it control of Alstom's high-speed TGV trains and rail-signal technology, has the support of Bouygues, Alstom's biggest shareholder with a 29 percent stake, the report said.

  • PARIS/ NEW YORK, April 24- Alstom said on Thursday it was not informed of any potential public tender offer for its shares, which opened 17 percent higher after Bloomberg reported that General Electric was in talks to buy the French turbine and train maker for about $13 billion.

  • NEW YORK, April 23- Warren Buffett, chairman of conglomerate Berkshire Hathaway, said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely. Oil by rail has surged in recent years, helped by a boom in North Dakota.

  • NEW YORK, April 23- Warren Buffett, chairman of conglomerate Berkshire Hathaway, said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely. Oil by rail has surged in recent years, helped by a boom in North Dakota.

  • NEW YORK, April 23- Warren Buffett, chairman of conglomerate Berkshire Hathaway, said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely. Oil by rail has surged in recent years, helped by a boom in North Dakota.

  • UPDATE 1-GE in talks to buy France's Alstom - Bloomberg Wednesday, 23 Apr 2014 | 6:11 PM ET

    April 23- General Electric Co is in talks to buy French turbine and train maker Alstom SA for about $13 billion, Bloomberg reported, citing people with knowledge of the matter.

  • BEIJING, April 22- Far from the spotlight, in secretive high-level meetings and company boardrooms, Beijing is drawing up one of the country's thorniest reforms: an overhaul of China's hugely inefficient state-owned industry.

  • China Resources chairman sacked amid investigation Friday, 18 Apr 2014 | 11:22 PM ET

    An executive under investigation for suspected corruption has been sacked as chairman China Resources Holdings the Xinhua news reported.

  • RIO DE JANEIRO, April 18- Brazils federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering, Brazilian media reported on Friday.