HONG KONG, May 3- Fosun International Ltd, an investment company controlled by Chinese billionaire Guo Guangchang, said it had offered to buy the 80 percent it does not already own in U.S. insurer Ironshore Inc for $1.8 billion. The move follows Fosun's decision to buy a 20 percent stake in the casualty and property insurer for $464 million in August 2014 in a bid to...» Read More
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 Péladeau family, said in July that it was close to a decision on whether to expand its wireless operations outside its home province of Quebec.
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...
Hotel, energy and financial services conglomerate Loews reported a 26 percent drop in quarterly profit, partly due to lower investment income.
The German industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group for all cash
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 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 reported a decline in net income amid lower revenue in its transportation business, yet overall industrial profit rose by 12 percent.
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.
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, 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 sales rose 6.4 percent in March - the best March in five years, but, still, below market expectation. TheStreet.com reports.
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.
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.
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.
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 revenue to be flat to up 5% in 2013 despite "fiscal cliff" fears. However, there's one area the company expects double-digit growth.
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