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Industrial Conglomerates

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  • WASHINGTON, Nov 13- The U.S. Export-Import Bank has mischaracterized potentially hundreds of large companies and units of multinational conglomerates as small businesses, a flaw in its record keeping that could undermine the export lender's survival strategy. "Rarely does Ex-Im miss a opportunity to claim that it primarily helps small business, but Ex-Im is...

  • WASHINGTON, Nov 13- The U.S. Export-Import Bank has mischaracterized potentially hundreds of large companies and units of multinational conglomerates as small businesses, a flaw in its record keeping that could undermine the export lender's survival strategy. A Reuters analysis showed companies owned by billionaires like Warren Buffet and Mexico's...

  • Nov 6- Canadian telecom and media conglomerate Quebecor Inc reported a better-than-expected quarterly profit, helped by higher revenue in its telecommunications business. Quebecor, controlled by the PĂ©ladeau family, said in July that it was close to a decision on whether to expand its wireless operations outside its home province of Quebec.

  • Quebecor posts quarterly profit Thursday, 6 Nov 2014 | 6:40 AM ET

    Nov 6- Canadian telecom and media conglomerate Quebecor Inc reported a quarterly profit, compared with a year-earlier loss, helped by a large non-cash gain. The company posted a profit of C $45.1 million, or 37 Canadian cents per share, in the third quarter ended September, compared with a loss of C $188.8 million, or C $1.53 per share, a year earlier.

  • BERLIN, Nov 6- German engineering group Siemens resigned itself to another year of flat sales on Thursday after reporting that one-off charges hit profits again in the fourth quarter, this time for wind turbines. Siemens, one of Germany's biggest companies and a major exporter of goods from trains to hospital equipment, said it first aimed to improve the...

  • Loews profit drops on lower investment income Monday, 3 Nov 2014 | 8:12 AM ET

    Hotel, energy and financial services conglomerate Loews reported a 26 percent drop in quarterly profit, partly due to lower investment income.

  • Siemens near deal to buy Dresser-Rand: Sources Sunday, 21 Sep 2014 | 4:18 PM ET
    At the Siemens plant in Sacramento, Calif., Michael Cahill of Siemens and Myles Tobin of All Aboard Florida tour a locomotive under construction.

    The German industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group for all cash

  • 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
    Forget chaebols, a new Korea Inc is emerging

    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
    Coal Mining: Very Risky Business

    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.

  • Turkey Is Hot for Hiring Great Talent Wednesday, 22 Aug 2012 | 4:36 PM ET
    Maslak is a neighborhood and one of the main business districts of Istanbul, Turkey.

    Research has shown that there will continue to be a battle for top talent in Turkey, as it competes with the West to attract and retain the best employees, says Mark Hamill, CEO of global search firm SpenglerFox