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Capital Goods Industrial Conglomerates

  • TOKYO, May 25- Japanese stocks edged up on Thursday as investors bought futures after the yen weakened in Asian trade, while a surge in index-heavyweights such as SoftBank supported sentiment. Information technology conglomerate SoftBank jumped as much as 4.5 percent to hit a near two-week high of 8,894 yen and contributed to a hefty 31 positive points to the...

  • TOKYO, May 25- Japanese stocks edged up on Thursday as investors bought futures after the yen weakened in Asian trade, while a surge in index-heavyweights such as SoftBank supported sentiment. Information technology conglomerate SoftBank jumped as much as 4.5 percent to hit a near two-week high of 8,894 yen and contributed to a hefty 31 positive points to the...

  • TOKYO, May 25- Most Japanese firms believe the Tokyo bourse should be cautious in its approach to any delisting of embattled Toshiba Corp, concerned about the potential impact on its clients, subcontractors and financial markets, a Reuters poll showed. But the Tokyo Stock Exchange has so far shown little sign of taking an immediate hard-line stance against...

  • TOKYO, May 25- Most Japanese firms believe the Tokyo bourse should be cautious in its approach to any delisting of embattled Toshiba Corp, concerned about the potential impact on its clients, subcontractors and financial markets, a Reuters poll showed. But the Tokyo Stock Exchange has so far shown little sign of taking an immediate hard-line stance against...

  • BUENOS AIRES, Argentina— Argentine federal agents searched the offices of the Brazilian construction conglomerate Odebrecht in Buenos Aires on Wednesday as part of an investigation into alleged bribes in the granting of construction contracts for a water treatment plant. Federal Judge Sebastian Casanello ordered the raid as part of a probe into the...

  • LONDON, May 24- British luxury carmaker Aston Martin on Wednesday reported its first Q1 profit in a decade, marking a turnaround in its performance which could propel the company towards a market flotation. The 104- year old firm, made famous for making the sports car driven by secret agent James Bond, has made an annual loss in each of the last six years.

  • LONDON, May 24- British luxury carmaker Aston Martin on Wednesday reported its first Q1 profit in a decade, marking a turnaround in its performance which could propel the company towards a market flotation. The 104- year old firm, made famous for making the sports car driven by secret agent James Bond, has made an annual loss in each of the last six years.

  • LONDON, May 24- British luxury carmaker Aston Martin on Wednesday reported its first Q1 profit in a decade, marking a turnaround in its performance which could propel the company towards a market flotation. The 104- year old firm, made famous for making the sports car driven by secret agent James Bond, has made an annual loss in each of the last six years.

  • LONDON, May 24- British luxury carmaker Aston Martin on Wednesday reported its first Q1 profit in a decade, marking a turnaround in its performance which could propel the company towards a market flotation. The 104- year old firm, made famous for making the sports car driven by secret agent James Bond, has made an annual loss in each of the last six years.

  • KUALA LUMPUR/ BEIJING, May 24- Geely, the owner of Sweden's Volvo Car Group, on Wednesday said it would buy 49.9 percent of struggling Malaysian carmaker Proton from conglomerate DRB-HICOM Bhd, marking the Chinese automaker's first push into Southeast Asia. Zhejiang Geely Holding Group Co Ltd, parent of Hong Kong- based Geely Automobile Holdings Ltd, will also...

  • KUALA LUMPUR, May 24- Chinese automaker Zhejiang Geely Holding Group on Wednesday said it would buy a 49.9 percent stake in Malaysia's national carmaker Proton from conglomerate DRB-HICOM, marking another major Chinese auto investment in Southeast Asia. Geely, parent company of Hong Kong- based Geely Automobile Holdings Ltd and Sweden's Volvo Car Group,...

  • KUALA LUMPUR, May 24- Malaysian conglomerate DRB-HICOM will sell a 49.9 percent stake in struggling car maker Proton to Chinese automaker Zhejiang Geely Holding Group, according to a company statement seen by Reuters. Malaysia's Second Finance Minister Johari Abdul Ghani is expected to make an official announcement on the deal shortly.

  • May 23- Honeywell International Inc said on Tuesday it would decide by fall this year whether to separate its aerospace business, a move hedge fund Third Point LLC wants the U.S. industrial conglomerate to pursue. Third Point, run by billionaire Dan Loeb, last month said Honeywell should spin off the aerospace division, saying the separation could create more...

  • Westinghouse, a unit of Japan's Toshiba Corp, filed for bankruptcy in March following billions of dollars in cost overruns at two nuclear power plants it designed and is constructing in Georgia and South Carolina. An attorney for Westinghouse said in U.S. bankruptcy court in New York that cash from the loan would allow the company to complete its business plan...

  • *LeEco to cut 325 U.S. jobs, about 70 pct of total. *Cuts part of strategy to refocus on domestic market. TAIPEI/ HONG KONG, May 24- Chinese TV and smartphone vendor LeEco said it will cut over 300 jobs at its U.S. business, amounting to almost three-quarters of its local workforce, as the cash-strapped conglomerate streamlines global operations in response to a shortage...

  • HONG KONG, May 24- Chinese TV and smartphone vendor LeEco said it will lay off 325 employees in the United States as the sprawling, cash-strapped conglomerate scales back operations in the country and focuses mainly on Chinese-American consumers. She declined to comment further on the size of the remaining headcount, but said most employees would be based in...

  • May 23- France's Compagnie des Alpes said more favorable economic and political conditions made it hopeful of reaching a deal this year to sell a stake in the company to Chinese conglomerate Fosun and other potential investors. Compagnie des Alpes operates 11 ski resorts in France and 13 leisure parks in Europe, including Parc Asterix and the Grevin waxworks...

  • SAO PAULO, May 22- Brazil's stocks and currency resumed their recent slump on Monday on fears a growing political crisis could derail an ongoing reform agenda. JBS and J&F Investimentos, a sprawling conglomerate led by brothers Joesley and Wesley Batista, have admitted to paying the bribes in a case that has sparked calls for the resignation of Brazilian...

  • *Moon yet to spell out reform agenda. * "Chaebol sniper" named head of regulatory agency. SEOUL, May 21- A South Korean retail giant has shelved controversial expansion plans, while a large bank made hundreds of contract jobs permanent after President Moon Jae- in took office vowing to reform the family-run conglomerates that dominate the economy.

  • RIYADH, May 20- U.S. technology and engineering conglomerate GE said on Saturday it had signed $15 billion of business deals with Saudi Arabia as part of the kingdom's drive to diversify its economy beyond oil. It came as dozens of senior U.S. business executives met Saudi counterparts at a conference coinciding with the visit of President Donald Trump to Riyadh.