NEW YORK— Private equity firm KPS Capital Partners plans to sell automotive industry supplier Waupaca Foundry Inc. to Japan's Hitachi Metals Ltd. for $1.3 billion in cash. Waupaca makes gray and ductile iron castings and supplies the automotive, commercial vehicle, agriculture, construction and industrial markets and employs about 3,900 people.» Read More
OMAHA, Neb.— In a story Aug. 14 about changes to Berkshire Hathaway's stock portfolio, The Associated Press reported erroneously the company had reduced its stake in engineering and construction firm Chicago Bridge& Iron Co. by 1.1 million shares. Berkshire Hathaway has increased its position in Chicago Bridge& Iron by 1.2 million shares.
OMAHA, Neb.— Billionaire Warren Buffett's company has revealed a new stake in Charter Communications Inc. and made several other tweaks to its $108 billion U.S. stock portfolio. Berkshire Hathaway Inc. filed an update on its portfolio with the Securities and Exchange Commission Thursday.
*June core orders +8.8 pct m/m vs +15.3 pct forecast. TOKYO, Aug 14- Japan's core machinery orders tumbled in April-June at their fastest since the last global financial crisis and only a modest rebound is seen in the current quarter- further challenging policymakers contending with a fragile economy.
TOKYO, Aug 14- Japan's core machinery orders rose for the first time in three months in June after a record plunge in May, but weak exports and industrial production cloud the outlook for the capital spending needed to sustain economic growth.
TOKYO, Aug 14- Japan's core machinery orders rose 8.8 percent in June, up for the first time in three months after a record plunge in the prior month, Cabinet Office data showed on Thursday.
SYDNEY, Aug 1- London copper eased on Friday after a rout on Wall Street over Argentinian default soured risk appetite and ahead of a deluge of economic indicators out later in the session, including an assessment of activity in China's vast manufacturing sector.
*China Q2 gross domestic product due on Wednesday. LONDON, July 15- Copper prices steadied on Tuesday, boosted by optimism about demand for industrial metals from top consumer China and shrinking supplies, but further gains were capped by selling pressure as traders cashed-in on recent gains.
*May core orders -19.5 pct m/m vs +0.7 pct forecast. TOKYO, July 10- Japan's machinery orders tumbled by a record margin in May, dashing hopes for a bounce and casting doubt over a scenario of investment-led recovery in the world's third-largest economy.
TOKYO, July 10- Japan's machinery orders posted their worst monthly fall on record in May, defying expectations of a bounce and casting doubt on hopes that capital spending was picking up and could drive further economic recovery.
TOKYO, July 10- Japan's core machinery orders unexpectedly fell 19.5 percent in May from the previous month, government data showed on Thursday, casting doubt over the outlook for a pickup in capital spending.
JOHANNESBURG, July 1- More than 220,000 South African engineering and metal workers launched a strike over wages on Tuesday, hot on the heels of a crippling platinum dispute and dealing a further blow to an already weak economy.
TAIPEI, June 20- Taiwan's Quanta Computer Inc will start mass production of Apple Inc's first smartwatch in July, a source familiar with the matter said, as the tech company tries to prove it can still innovate against rival Samsung Electronics Co Ltd..
TOKYO, June 12- Japan's core machinery orders fell less than expected in April after a record jump in the previous month, underscoring recent signs of a steady pick up in capital spending seen as vital for a durable economic recovery.
TOKYO, June 12- Japan's core machinery orders fell 9.1 percent in April, pulling back after a record jump in the previous month, government data showed on Thursday.
WASHINGTON, May 27- Orders for long-lasting U.S. manufactured goods unexpectedly rose in April, but a drop in a measure of business capital spending plans could temper expectations for a sharp rebound in economic growth this quarter.
*Core orders +19.1 pct m/m in March, seen rising in Q2. TOKYO, May 19- Japanese businesses recorded their biggest rise in core machinery orders in March, and expect to book more orders in the current quarter in a hopeful sign that capital investment may buffer the economy from the pain of last month's sales tax hike.
*Core orders +19.1 pct m/m in March, seen rising in Q2. TOKYO, May 19- Japanese core machinery orders surged in March and firms expect orders to rise in the current quarter in a sign capital spending is picking up, backing the central bank's conviction that the economy can weather the impact of last month's sales tax hike.
TOKYO, May 19- Japan's core machinery orders jumped 19.1 percent in March from the previous month, government data showed on Monday, in a sign companies are more bullish about increasing business investment. The increase compared with the median estimate for a 6.0 percent rise in a Thomson Reuters poll of economists.
BEIJING/ BANGALORE, May 15- As China's economy continues to cool, companies are waiting longer and finding it harder to get paid for goods and services they've already sold, leading to record amounts of receivables- and potential write-offs- on corporate balance sheets.
WEST CHESTER, Pennsylvania, April 15- The backbreaking life of a roughneck, the iconic worker bees of oilfield drilling rigs, is getting a little easier.