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Industrial Conglomerates

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  • By Sergio Goncalves and Laura Noonan. LISBON July 11- Portugal's government and central bank assured investors on Friday that the southern European country's financial system was sound, aiming to quell worry about the spillover effects of trouble at the Espirito Santo business empire.

  • July 10- Online music sharing service SoundCloud Ltd is close to a deal with Universal Music Group, Sony Music Entertainment, and Warner Music Group for licenses to continue playing their songs and avoid potential legal disputes, Bloomberg reported citing people with knowledge of the matter.

  • DUBAI, July 3- Dubai World, one of the emirate's big state-owned conglomerates, has made a second early repayment worth around $300 million under its $25 billion debt restructuring plan, sources familiar with the matter said on Thursday.

  • TOKYO, July 3- Japan's Mitsubishi Electric has agreed to take the first step towards a partnership with European missile maker MBDA to develop a medium-range air-to-air missile for the F-35 stealth fighter, two people with knowledge of the matter said.

  • HONG KONG/ SEOUL, July 2- Investment bankers are jostling to win plum roles from the founding Lee family of Samsung Group, South Korea's top fee-payer, as it prepares to hand the baton to the next generation in a restructuring that could land more than $100 million in advisory fees alone.

  • HONG KONG/ SEOUL, July 2- Investment bankers are jostling to win plum roles from the founding Lee family of Samsung Group, South Korea's top fee-payer, as it prepares to hand the baton to the next generation in a restructuring that could land more than $100 million in advisory fees alone.

  • UPDATE 1-Alstom minority investors criticise GE deal Tuesday, 1 Jul 2014 | 2:54 PM ET

    *Say they lack information on valuation of Alstom's assets. PARIS, July 1- Minority shareholders in Alstom criticised its planned tie-up with General Electric, saying they had not been given enough information, and some voiced concern about the French government's influence as a result of the deal.

  • Under Chief Executive Frans van Houten, the Dutch company- which started out 120 years ago as a pioneer in electric lighting- has been shifting away from the consumer electronics sector in a restructuring which has involved more than 5,000 job cuts and the sale of its television business.

  • NEW YORK, June 26- Graeme Hart, whose packaging conglomerate made him New Zealand's richest man, is in the early stage of exploring options for his U.S. auto parts businesses, which he acquired for nearly $2 billion in 2011, according to people familiar with the matter.

  • NEW YORK, June 26- Activist investment firm Relational Investors LLC has amassed a roughly 8.5 percent stake in Manitowoc Co Inc and is urging the crane and food equipment company to break itself up, according to people familiar with the matter.

  • SYDNEY, June 24- Australian billionaire Solomon Lew effectively ended a 17- year standoff with South Africa's Woolworths Holdings Ltd on Tuesday with a deal that will have the department store firm buy him out of two investments at a massive profit.

  • 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.

  • GM Has Good News and Bad News Thursday, 4 Apr 2013 | 11:44 AM ET

    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.