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Capital Goods Industrial Conglomerates

  • The Seattle- based company wowed Wall Street again this week with a 23 percent jump in sales, pushing its shares to an all-time high. "High growth covers a lot of sins," said Harry Kraemer, a partner at private equity firm Madison Dearborn Partners and a professor at Northwestern University's Kellogg School of Management. "It's not like General Electric Co having...

  • *Companies also expanding manufacturing in Egypt to export. Like other big manufacturers in Egypt, the global food and beverage giant is sourcing more of its raw materials locally to keep a lid on costs and limit price rises as consumers struggle with food inflation running at above 40 percent. The cost of imports has soared in Egypt since the country abandoned...

  • *Companies also expanding manufacturing in Egypt to export. Like other big manufacturers in Egypt, the global food and beverage giant is sourcing more of its raw materials locally to keep a lid on costs and limit price rises as consumers struggle with food inflation running at above 40 percent. The cost of imports has soared in Egypt since the country abandoned...

  • WASHINGTON, April 26 (Reuters)- Public pension funds in at least seven U.S. states have invested millions of dollars in an investment fund that owns a New York hotel and pays one of President Donald Trump's companies to run it, according to a Reuters review of public records. The Trump SoHo Hotel and Condominium in Manhattan is an upscale 46- story property owned by a...

  • WASHINGTON, April 26- Public pension funds in at least seven U.S. states have invested millions of dollars in an investment fund that owns a New York hotel and pays one of President Donald Trump's companies to run it, according to a Reuters review of public records. The White House referred comment to the Trump Organization, the parent conglomerate for Trump's...

  • TOKYO, April 26- Toshiba Corp, the troubled Japanese conglomerate, wants to replace auditor PricewaterhouseCoopers Aarata to resolve an impasse over full-year earnings and remain listed, two sources briefed on the matter said. Ernst& Young ShinNihon LLC, its auditor at the time, was fined for failing to spot irregularities. Toshiba and its auditor have been at...

  • TOKYO, April 26- Toshiba Corp has decided to replace its auditor after less than a year as the troubled electronics conglomerate struggles to win its approval on full-year financial statement, the Nikkei business daily reported. Earlier this month, the company filed twice-delayed business results without an endorsement from auditor...

  • SANTIAGO, April 25- General Electric Co is in talks with an independent energy producer to make a significant move into wind power in Chile, two people with knowledge of the process told Reuters, as the conglomerate expands its global renewable footprint. GE is in talks to provide turbines for wind farms to be developed by Ireland's Mainstream Renewable Power...

  • BERLIN— The Latest on Ivanka Trump's trip to Berlin:. Ivanka Trump has visited the Holocaust memorial in the German capital, meeting with the director at the information center before walking slowly through the downtown Berlin monument. Ivanka Trump is visiting a training center in Berlin run by German industrial conglomerate Siemens.

  • 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...