Capital Goods Industrial Conglomerates

  • SEOUL, Sept 26- South Korean prosecutors asked a court on Monday to approve an arrest warrant for the chairman of the Lotte Group conglomerate on suspicion of embezzlement and breach of trust, a prosecution source with direct knowledge of the matter said. The arrest warrant request comes after Lotte Chairman Shin Dong- bin, 61, was questioned by prosecutors in an...

  • BUENOS AIRES, Sept 23- Even though new rules have not yet been implemented, telecom companies in Argentina are preparing for a more competitive market as the government expects reforms to attract $20 billion in investments over four years. Telecom Argentina and Telefonica de Argentina have announced investments in recent months, while Argentina's largest...

  • SHANGHAI, Sept 23- Chinese conglomerate Dalian Wanda Group will market Sony Pictures' films and co-finance some upcoming movie releases of Sony Corp's film unit in China, which is forecast to become the world's top movie market as soon as next year. Wanda, owned by China's richest man, Wang Jianlin, and Sony announced a deal on Friday under which Sony Pictures will...

  • SHANGHAI, Sept 23- Chinese conglomerate Dalian Wanda Group Co will help market movies of Sony Corp's film unit in China under a deal that will also see them co-finance some projects, including Sony Pictures' upcoming movie releases in the world's second largest economy. China's richest man Wang Jianlin, who started Wanda as a property developer in China's...

  • BEIJING— China's Dalian Wanda Group and Sony Pictures Entertainment Motion Picture Group have formed a partnership to cooperate on multiple big-budget movies, marking another step into the global film industry by the Chinese conglomerate. Wanda, which already owns AMC Theaters and bought Legendary Entertainment for $3.5 billion in January, said it would...

  • OMAHA, Neb.— Investor Warren Buffett doesn't plan to discuss the employee misconduct at Wells Fargo before November even though his Berkshire Hathaway conglomerate owns roughly 10 percent of the bank. Berkshire has been Wells Fargo's largest shareholder, and in the past Buffett has praised the bank's CEO, John Stumpf. Buffett's refusal to comment on Wells...

  • COPENHAGEN, Sept 22- The world's biggest shipping firm, A.P. Low freight rates and oversupply have rocked the container shipping sector, with South Korea's Hanjin Shipping Co Ltd forced into receivership last month, stranding an estimated $14 billion in cargo on its ships. Estimates for the sum of the parts vary, with Denmark's Sydbank saying the Transport and...

  • *Vodafone faces increased competition in India. The British group's subsidiary is India's second-biggest carrier by customers and revenue. India's already competitive telecoms landscape is set to be further roiled by the entry of conglomerate Reliance Industries, controlled by India's richest man Mukesh Ambani.

  • COPENHAGEN, Sept 22- Rocked by low freight and oil prices, Denmark's A.P. But some said the $30 billion company had not gone far enough. "It might be one of the most pain-free solutions relative to other scenarios, but they could have gone even further," Nykredit analyst Ricky Rasmussen said on Thursday.

  • COPENHAGEN, Denmark— Danish conglomerate A.P. Moller-Maersk A/S is splitting its massive container shipping operations and its energy business into separate companies, in a major shakeup that follows years of declining oil prices and freight rates. A.P. Moller-Maersk raised the possibility of separating its oil units from the group through joint ventures,...

  • SEOUL, South Korea— Hanjin Shipping is to receive as much as $100 million in additional funds to resolve the cargo crisis caused by its slide toward bankruptcy. Korean Air and Hanjin Shipping are part of Hanjin Group, one of the largest business conglomerates in South Korea. The state-owned bank said its credit line will be used only when other available funds...

  • COPENHAGEN, Sept 22- Rocked by low freight and oil prices, Denmark's A.P. Moller-Maersk will split into separate transport and energy divisions under a keenly-anticipated revamp announced on Thursday. Maersk Line chief executive Soren Skou, promoted to CEO of the entire company in June, will lead the restructuring and the company has appointed a new group...

  • High quality tech start ups in Russia: Sistema CEO

    Mikhail Shamolin, CEO of Sistema, discusses Sistema's diversification to build up its portfolio.

  • COPENHAGEN, Sept 22- Danish shipping and oil conglomerate A.P. Moller-Maersk said on Thursday it will separate its businesses into separate transport and energy divisions in a bid to better tackle the problems facing its struggling businesses. The 112- year-old group said in June it had asked new chief executive Soren Skou to look into potentially breaking...

  • ATHENS, Sept 21- Greece on Wednesday ratified a 7 billion-euro plan to turn a derelict former airport into one of Europe's biggest coastal resorts, as agreed with international lenders as a condition of fresh bailout aid. One abandoned plan was to create a financial district similar to London's Canary Wharf. Backed by Chinese conglomerate Fosun, an Abu Dhabi-...

  • TORONTO, Sept 21- The province of Ontario said on Wednesday that it has signed an agreement with equity fund Bedrock Industries LP to restructure U.S. Steel Canada, which has been in creditor protection since September 2014, and the court supervising the company's credit protection proceeding, Ontario's government said in a statement. Steel Canada's plants in...

  • SEOUL, South Korea— South Korean prosecutors questioned Lotte Group's chairman, Shin Dong- bin, on Tuesday in a corruption probe at the country's fifth-largest business group. Lotte started as a chewing gum company in Japan in 1948 but now operates businesses in chemicals, food, shopping and hotels, including South Korea's largest discount and department store...

  • SAO PAULO, Sept 19- A Brazilian state appeals court postponed on Monday a vote on the legality of several aspects of Grupo OAS SA's restructuring plan for at least a couple of weeks, adding uncertainty to efforts by the debt-laden engineering conglomerate to emerge from bankruptcy protection. The ongoing delay in the plan has halted the surrender of OAS's stake...

  • NEW YORK, Sept 19- U.S. industrial conglomerate General Electric Co will invest $10 billion in Argentina over the next decade, Vice Chairman John Rice said on Monday, the latest foreign company to announce new plans since President Mauricio Macri took office. GE has already invested $1.2 billion alongside local partners and customers in the past four months, the...

  • SEOUL, Sept 18- Tech giant Samsung Electronics Co Ltd said on Sunday it sold shares in four companies including ASML Holding NV and Seagate Technology Plc to free up money for additional investments for its core businesses. A term sheet seen by Reuters on Sept. 8 showed Samsung was selling about half of its stake in ASML for 606 million euros. Samsung Electronics...