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Capital Goods Industrial Conglomerates

  • PARIS, April 25- French tycoon Vincent Bollore said on Tuesday that he had received the go-ahead from European authorities on the fact that he now has' sole control', via his family-run conglomerate, of media giant Vivendi. This means that Bollore, who is Vivendi's biggest shareholder and chairman, is in place to get a majority position at the group's shareholder...

  • *Agreed Akorn bid of $34 per share. FRANKFURT, April 24- German healthcare conglomerate Fresenius SE& Co KGaA revved up the pace of its deals by acquiring U.S. generic drugmaker Akorn Inc for $4.75 billion, and in a separate agreement, the biosimilars unit of German peer Merck KGaA. A lot has been done in that area in the recent past, "Fresenius Chief Executive Stephan...

  • FRANKFURT, April 24- Acquisitive German healthcare conglomerate Fresenius SE& Co KGaA revved up its deals pace by acquiring U.S. generic drugmaker Akorn Inc for $4.75 billion, and in a separate deal, the biosimilars unit of German peer Merck KGaA. In a transaction that has the backing of Akorn's management, Fresenius will pay $34 per share and take on Akorn's net...

  • April 24- German healthcare conglomerate Fresenius SE& Co KGaA is close to acquiring generic drugmaker Akorn Inc in an all-cash deal valuing the company at more than $4 billion, people familiar with the matter said on Monday. The deal values Akorn in the region of $33 to $35 per share, said the sources. Akorn shares were hovering around $32 on Monday afternoon in New...

  • BRASILIA, April 23- The Brazilian government may increase the corruption fine that engineering conglomerate Odebrecht agreed to pay in a multi-billion dollar leniency deal signed last year, newspaper Folha de S.Paulo reported on Sunday. Odebrecht, once Latin America's biggest builder, struck a deal with Brazil, the United States and Switzerland in December...

  • BRASILIA, April 23- The Brazilian government may increase the corruption fine that engineering conglomerate Odebrecht agreed to pay in a multi-billion dollar leniency deal signed last year, newspaper Folha de S.Paulo reported on Sunday. Odebrecht, once Latin America's biggest builder, struck a deal with Brazil, the United States and Switzerland in December...

  • BRASILIA, April 23- The Brazilian government may increase the corruption fine that engineering conglomerate Odebrecht agreed to pay in a multi-billion dollar leniency deal signed last year, newspaper Folha de S.Paulo reported on Sunday. Odebrecht, once Latin America's biggest builder, struck a deal with Brazil, the United States and Switzerland in December...

  • BRASILIA, April 23- The Brazilian government may increase the corruption fine that engineering conglomerate Odebrecht agreed to pay in a multi-billion dollar leniency deal signed last year, newspaper Folha de S.Paulo reported on Sunday. Odebrecht, once Latin America's biggest builder, struck a deal with Brazil, the United States and Switzerland in December...

  • TOKYO, April 21- Japanese electronics conglomerate Panasonic Corp has raised its offer to buy out subsidiary PanaHome Corp, in an effort to satisfy the housebuilder's shareholders, who were unhappy with the original bid. In a statement on Friday, Panasonic said it had decided to make an all-cash offer to buy the rest of PanaHome in a deal worth 92.4 billion yen.

  • BOSTON— General Electric Co. topped analyst expectations in the first quarter and reaffirmed its forecast for 2017.. Analysts expected, on average, earnings of 17 cents per share on $26.36 billion in revenue, according to Zacks Investment Research. Boston- based General Electric has sold a number of businesses since 2004 as part of a focus shift toward...

  • It was not clear if the diversification into the domestic market was related to the loss of many international routes when the United Nations slapped economic sanctions on North Korea for its nuclear and ballistic missile programs. But any U.S. action on Air Koryo would not be binding on other nations and would have little effect unless joined by China and...

  • TOKYO, April 21- Toshiba Corp creditor Sumitomo Mitsui Trust Bank said it fully supports the troubled electronics conglomerate as it battles to survive by shedding a pair of core businesses. As a member of its main creditor group, we will provide as much support as possible, " Masaru Hashimoto, who became president of SMTB this month, said in an interview.

  • NEW YORK, April 19- Billionaire investor Warren Buffett supports Wells Fargo& Co's management and board of directors, and has likely already voted shares owned by him and and his conglomerate, Berkshire Hathaway Inc, in line with the bank's official suggestions, a representative told Reuters. Wells Fargo's board is facing a threat at a shareholder meeting next...

  • SHANGHAI, April 19- China's central bank has relaxed some of the curbs on cross-border capital outflows it put in place just months ago to shore up the yuan currency, banking sources said on Wednesday. The first easing of the measures comes as China's leaders and financial markets feel more confident that pressure on the yuan and the country's foreign exchange...

  • However, cost controls and lower taxes helped the healthcare conglomerate beat Wall Street profit forecasts. With Actelion, J&J expects 2017 sales of $75.4 billion to $76.1 billion and adjusted earnings of $7.00 to $7.15 per share. Without Actelion, J&J maintained its prior forecast for sales of $74.1 billion to $74.8 billion and adjusted earnings of $6.93 to...

  • BRASILIA, April 17- Some Brazilian ministers will very probably step down because of the plea bargain testimonies of engineering conglomerate Odebrecht SA, President Michel Temer said on Monday.

  • SEOUL, April 17- South Korean prosecutors on Monday charged ousted president Park Geun-hye and Lotte Group chairman Shin Dong- bin with bribery in the latest twist to a corruption scandal that rocked the country for months. Lotte, South Korea's fifth-biggest conglomerate, is grappling with the Chinese shutdown of dozens of its stores in China, after it agreed to...

  • SEOUL, South Korea— The Latest on the indictment of former South Korean President Park Geun-hye:. In addition to former President Park Geun-hye, South Korean prosecutors have also indicted Shin Dong- bin, the chairman of Lotte Group, South Korea's fifth-largest business conglomerate. Park was arrested and confined to a detention facility near Seoul last month...

  • TOKYO, April 14- Japan's Toshiba Corp is likely to win creditors' approval for offering its prized memory chip business stake as collateral for new loans and loan commitments worth around 1 trillion yen, sources briefed about the matter said on Friday. The approval is crucial for the troubled conglomerate, which needs billions of dollars in fresh funding to tide...

  • *Mobile remains a core focus for the IDG Capital. BEIJING, April 14- IDG Capital, a private equity and venture capital firm, will deploy greater resources and time in companies as they grow, in contrast to some quick exits in the past, Global Chairman Hugo Shong told Reuters in an interview. IDG Capital, which together with China Oceanwide Holdings Group recently...