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Capital Goods Industrial Conglomerates

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  • Shin Dong- bin, 60, has been trying to solidify his control of the Lotte conglomerate, which has businesses in South Korea, Japan, China and Southeast Asia, in the face of opposition from his older brother Shin Dong- joo, 61, and his father Shin Kyuk-ho. In response to those maneuvers, Lotte had earlier demoted Shin Kyuk-ho to honorary chairman, from general chairman...

  • Private equity pioneer Kohlberg dies at age 90 Saturday, 1 Aug 2015 | 2:07 PM ET
    The New York Stock Exchange

    Jerome Kohlberg Jr., the veteran financier who pioneered leveraged-buyouts, died on Thursday at his home in Martha's Vineyard. He was 90.

  • July 31- Uber Technologies Inc has closed a new round of funding that values the online taxi-hailing company at nearly $51 billion, the Wall Street Journal reported, citing people familiar with the matter. Investors in the latest round include Microsoft Corp and the Indian media conglomerate Bennett Coleman& Co's Times Internet, the report said.

  • Western companies look hard at China as growth slows Friday, 31 Jul 2015 | 11:59 AM ET

    *China equities rout dashes hopes of return to growth. Double digit growth rates during the first decade of the millennium lured scores of Western companies to invest heavily in China. Currently, in China we had negative order intake, "said Frans van Houten, chief executive of Dutch electronics group Philips NV, on a call with analysts on Monday.

  • The company's search business is its largest, but the dating business Match Group is seen as the crown jewel of the conglomerate and has been driving strong results for the past few quarters. Match Group earlier this month agreed to buy dating website PlentyOfFish to push deeper into the lucrative mobile-based dating business, which attracts users with its...

  • UPDATE 1-Suntory Holdings says not considering IPO now Monday, 27 Jul 2015 | 10:19 PM ET

    *Listing could be in Tokyo or New York- Nikkei. TOKYO, July 28- Suntory Holdings Ltd said on Tuesday that it is not considering listing its shares now, following a Nikkei newspaper report that the beverages conglomerate is mulling an IPO as early as 2018 to pay down debt and raise growth capital. The Nikkei said the Japanese company would decide as soon as this year...

  • Marcelo Odebrecht, the third-generation chief executive of the family-run Brazilian conglomerate Odebrecht SA, was charged with corruption, money laundering and criminal conspiracy. They will seek 6.7 billion reais in damages from Odebrecht SA, Dallagnol said. Marcelo Odebrecht's personal ties to former Brazilian President Luiz InĂ¡cio Lula da Silva...

  • TOKYO, July 23- The former chairman of Toshiba Corp's audit committee plans to step down from his role on a government accounting panel, a source familiar with the matter said on Thursday, in the latest fallout from the book-keeping scandal at the Japanese industrial conglomerate. Makoto Kubo resigned this week from his job as a director and chairman of the audit...

  • UTX cuts outlook on aerospace, elevator pressures Tuesday, 21 Jul 2015 | 9:17 AM ET
    An attendee looks at a Pratt & Whitney, a unit of United Technologies Corporation, aircraft engine stands on display during the China International Aviation & Aerospace Exhibition in Zhuhai, Guangdong province, China, Nov. 11, 2014.

    United Technologies cut its full-year profit outlook on Tuesday as it warned of pressures in its aerospace systems and Otis elevators businesses.

  • July 21- United Technologies Corp, which agreed on Monday to sell its Sikorsky helicopter business, cut its full-year profit outlook on Tuesday as it warned of pressures in its aerospace systems and Otis elevators businesses. United Tech, whose shares fell 4.1 percent after the company also reported second-quarter results, on Monday said it would sell its...

  • MEXICO CITY, July 20- Mexican state oil company Pemex reached a $295 million settlement with a group including German industrial conglomerate Siemens in a longstanding dispute over a refinery project, a person familiar with the matter said on Monday. The dispute involved Conproca, a Mexican joint venture between Siemens and South Korea's SK Engineering&...

  • *German parliament votes to reopen Greece talks. Google jumped 13.1 percent to $680.31, poised to open at a record high, a day after its profit beat forecasts for the first time in six quarters and the company said it would be more disciplined on spending. General Electric shares rose 1.6 percent to $27.46 in premarket trading after the conglomerate raised its...

  • *The Nasdaq composite closed at a record high on Thursday, boosted by strong results from tech companies such as Netflix and ebay. *General Electric shares rose 2.6 percent to $27.74 in premarket trading after the conglomerate raised its 2015 outlook for its industrial manufacturing businesses. *Honeywell was up 2.8 percent to $106.50 after the U.S....

  • TOKYO, July 17- Toshiba Corp is set to overhaul its management after an investigation into its accounting practices concludes early next week, but a more thorough housecleaning, including a writedown on its Westinghouse nuclear business, may be needed to regain confidence amid Japan's biggest corporate scandal in five years. Toshiba said an independent...

  • TOKYO, July 17- Toshiba Corp said on Friday that the third-party committee that it had commissioned to look into accounting irregularities would submit its report to the company at around 7 p.m. on Monday. The Japanese conglomerate will hold a news conference at 5 p.m. on the following day after releasing the entire text of the report, it said on Friday.

  • BRUSSELS, July 16- U.S. conglomerate General Electric has offered concessions in an attempt to counter EU regulatory concerns about its 12.4- billion-euro bid for French peer Alstom's power unit, its biggest ever acquisition. The EU competition authority is likely to extend its scrutiny to mid-September from Aug. 21 as it seeks feedback from rivals such as...

  • BRUSSELS, July 16- U.S. conglomerate General Electric has offered concessions in an attempt to allay EU regulatory concerns and gain approval for its 12.4- billion-euro bid for Alstom's power unit. "GE confirms it has submitted remedies to the European Commission in relation to the GE-Alstom transaction. The concessions will have to address the European...

  • TOKYO, July 16- Toshiba Corp expects 300- 400 billion yen in charges related to improper accounting in an expanding probe that is set to force Chief Executive Hisao Tanaka to step down, sources familiar with the matter said on Wednesday. That's more than triple Toshiba's initial estimate of around 50 billion yen. A Toshiba spokesman said it has not yet compiled any...

  • *Expects to book 300- 400 bln yen in charges. TOKYO, July 15- Toshiba Corp expects 300- 400 billion yen in charges related to improper accounting in an expanding probe that is set to force Chief Executive Hisao Tanaka to step down, sources familiar with the matter said on Wednesday. That's more than triple Toshiba's initial estimate of around 50 billion yen.

  • July 15- Toshiba Corp Chief Executive Hisao Tanaka will step down in September along with other board members including Vice Chairman Norio Sasaki to take responsibility for accounting irregularities, sources familiar with the matter said. That's more than triple Toshiba's initial estimate of around 50 billion yen. Toshiba's shares have slumped around 27...