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Industrial Conglomerates

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  • Deals of the day- Mergers and acquisitions Wednesday, 6 Aug 2014 | 9:31 AM ET

    **Rupert Murdoch's Twenty-First Century Fox decided to pull its $80 billion offer to buy Time Warner Inc on Tuesday, abandoning plans to create one of the world's largest media conglomerates.

  • Aug 5- Rupert Murdoch's Twenty-First Century Fox decided to pull its $80 billion offer to buy Time Warner Inc on Tuesday, abandoning plans to create one of the world's largest media conglomerates.

  • Aug 5- Rupert Murdoch's Twenty-First Century Fox decided to pull its offer to buy Time Warner Inc on Tuesday, abandoning plans to create one of the world's largest media conglomerates. Murdoch, who is Fox's chairman and CEO, cited Time Warner's management and its board's refusal to engage with Fox as one reason for the stunning turn-about.

  • *Berkshire Hathaway shares up after results. NEW YORK, Aug 4- U.S. stocks were little changed in volatile trading Monday as earnings, including those of Warren Buffett's Berkshire Hathaway, were partly offset by drops in high-yielding dividend stocks in the utilities sector.

  • US STOCKS-Wall St up on earnings, Portugal bank deal Monday, 4 Aug 2014 | 10:32 AM ET

    *Berkshire Hathaway shares up after results. *Michael Kors shares reverse premarket move, fall 5.5 pct. NEW YORK, Aug 4- U.S. stocks rose in morning trading on Monday, lifted by earnings including those of Warren Buffett's Berkshire Hathaway, with gains partly offset by drops in high-yielding dividend stocks in the utilities sector.

  • *Berkshire Hathaway shares up after results. *Diamond Offshore weighs on Loews earnings. *Portugal will spend 4.9 billion euros to rescue Banco Espirito Santo, its largest listed lender, testing the euro zone's resilience to another banking crisis just months after Lisbon exited an international bailout.

  • Aug 4- Hotel, energy and financial services conglomerate Loews Corp reported a 57 percent drop in quarterly profit due to lower earnings from Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors.

  • Loews quarterly profit falls 57 pct Monday, 4 Aug 2014 | 6:17 AM ET

    Aug 4- Hotel, energy and financial services conglomerate Loews Corp reported a 57 percent drop in quarterly profit due to lower earnings from Diamond Offshore Drilling Inc.. Net income attributable to Loews fell to $116 million, or 30 cents per share, in the second quarter ended June 30 from $269 million, or 69 cents per share, a year earlier.

  • Aug 1- Timber conglomerate Weyerhaeuser Co reported a better-than-expected quarterly profit as its strategy of focusing on wood products paid off. The business brought in $1.08 billion of Weyerhaeuser's total revenue of $1.96 billion and contributed $102 million to pre-tax profit in the second quarter ended June 30.

  • *Dubai World proposes to make 1st big repayment early, delay 2nd. DUBAI, Aug 1- Economic recovery in Dubai is pushing both creditors and debtors to weigh new strategies in the $25 billion restructuring of state-owned Dubai World, one of the Middle East's largest ever debt deals.

  • NEW YORK/ HOUSTON, July 31- Chemicals firm LyondellBasell, part of Ukrainian-born billionaire Leonard Blavatnik's business empire, said it will quit buying "disputed" oil from Iraq- one day after Reuters identified it as the mystery American importer of Kurdish crude.

  • TORONTO, July 31- Canadian telecom and media conglomerate Quebecor Inc says it is closing in on a decision on whether to buy up smaller competitors or team up with a partner to expand its wireless operations outside its home province of Quebec.

  • TORONTO, July 31- Regional Canadian telecom and media conglomerate Quebecor Inc posted a much smaller second-quarter net loss on flat revenue on Thursday, as cost-cutting in its media unit offset weakness in its wireless and cable arm.

  • NEW YORK, July 30- Chemicals firm LyondellBasell, owned by Ukraine- born billionaire Leonard Blavatnik, appears to be the mystery American buyer of two cargoes of Kurdish crude delivered in May, according to U.S. government data and industry sources.

  • GE profit rises, helped by jet engine, oil equipment Friday, 18 Jul 2014 | 7:19 AM ET
    A mechanic works to hang a gearbox on a CF6-80C2 jet engine at General Electric's GE Aviation factory in Cincinnati, Ohio.

    GE posted a 13 percent rise in net income, helped by increases in sales of its jet engines and oil and gas equipment.

  • 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 narrowly beats as transport revenue slides Thursday, 17 Apr 2014 | 10:42 AM ET

    GE reported a decline in net income amid lower revenue in its transportation business, yet overall industrial profit rose by 12 percent.

  • Carlyle nears $3B deal for Illinois Tool unit Thursday, 6 Feb 2014 | 5:02 PM ET
    A sign for the Carlyle Group, a private equity firm, in Washington, DC.

    Carlyle Group is close to reaching an agreement to buy Illinois Tool Works Inc's industrial packaging unit for more than $3 billion, sources said.

  • 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.