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Capital Goods Industrial Conglomerates

  • TOKYO, May 19- Two Japanese government-backed investors have formally informed Toshiba Corp of their intention to take part in bids for its prized flash memory chip business, sources familiar with the matter said. State-backed fund Innovation Network Corp of Japan and the Development Bank of Japan told the conglomerate of their intention on Friday, said the...

  • SEOUL, May 19- A unit of healthcare conglomerate Johnson& Johnson filed a lawsuit to block a copy of its rheumatoid arthritis drug Remicade made by South Korea's Samsung Bioepis Co Ltd from being sold in the United States. Janssen's lawsuit comes about a month after Samsung, an unlisted subsidiary of contract drug maker Samsung BioLogics Co Ltd, said it got U.S....

  • SEOUL, May 18- South Korea's prospective antitrust chief on Thursday said there no hurry to unravel the complex and opaque structures behind the powerful family-run conglomerates that dominate Asia's fourth-largest economy. South Korea's top family-run conglomerates include technology giant Samsung Group, Hyundai Motor Group, SK Group and Lotte Group.

  • *OTC is cheaper alternative to a U.S. stock exchange listing. TEL AVIV, May 17- U.S. financial trading platform OTC Markets said it hopes to attract up to 18 Israeli companies this year, double the number last year, as they seek a cheaper alternative to listing on traditional exchanges such as Nasdaq. The average cost of listing on OTC is around $250,000, compared to...

  • PARIS, May 17- A stronger performance in telecoms enabled French conglomerate Bouygues to post a smaller-than-expected first quarter group operating loss, and the company vowed to increase its earnings further over the full year. The family-controlled Bouygues group, which also builds roads and owns France's biggest private TV broadcaster TF1, said...

  • PARIS, May 17- A stronger performance in telecoms enabled French conglomerate Bouygues to post a smaller-than-expected first quarter group operating loss, and the company vowed to further increase earnings over the full year. Bouygues, which failed to merge its telecoms unit with market leader Orange last year, said Bouygues Telecom confirmed its 25 percent...

  • BEIJING, May 16- Chinese defense conglomerate China North Industries Group Corp has signed a framework agreement with state-run oil company Saudi Aramco to build a refinery and chemicals complex in northeast China, industry and government officials said on Tuesday. The framework pact, which follows a memorandum of understanding in March, marks one of the...

  • BEIJING— When the sister of President Donald Trump's son-in-law Jared Kushner promoted investment in her family's new skyscraper from a Beijing hotel ballroom stage earlier this month, she was pitching a controversial American visa program that's proven irresistible to tens of thousands of Chinese. She used the money from the sale to invest $500,000 in a...

  • NEW YORK, May 15- Warren Buffett's Berkshire Hathaway Inc on Monday said it added to its sizable investments in American Airlines Group Inc and Southwest Airlines Co, and shed its stake in Twenty-First Century Fox Inc.. Berkshire's sale of its $251 million Fox stake came several months after the parent of Fox News became embroiled in a sexual harassment scandal,...

  • NEW YORK— Sears is fighting back against vendors that it says are taking advantage of the department store as it navigates a precarious financial situation. Sears CEO Eddie Lampert also blasted the vendor, One World, in a blog post. Sears Holdings' grousing with its vendor underscores the challenges ahead for the retailer.

  • The hard drive assembly line at Western Digital.

    Western Digital has sought international arbitration to stop partner Toshiba from selling its chips arm without its consent.

  • *Asia companies, govts report minor disruptions from cyberattack. *Payment system, govt services knocked offline in China. Disruptions were low in the rest of Asia, including Japan, India, South Korea and Australia.

  • *Asia companies, govts report minor disruptions from cyberattack. SINGAPORE/ WASHINGTON, May 15- Asian governments and businesses reported some disruptions from the WannaCry ransomware worm on Monday but cybersecurity experts warned of a wider impact as more employees turned on their computers and checked e-mails. "We're looking at our victims' profiles,...

  • SAO PAULO, May 15- Banks are raising the heat on Brazilian conglomerate Odebrecht SA to put its house in order after months of treating the scandal-hit company with kid gloves because of fears its collapse could hurt their balance sheets, sources said. Odebrecht has agreed to accelerate asset sales as part of a deal with creditor banks to let the heavily indebted...

  • TOKYO, May 15- Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. A legal battle could delay or put an end to the auction that could fetch some $18 billion and has attracted suitors such as...

  • As a loose global network of cybersecurity experts fought the ransomware hackers, officials and experts on Sunday urged organizations and companies to update older Microsoft operating systems immediately to ensure they aren't vulnerable to a more powerful version of the software— or to future versions that can't be stopped. Microsoft blamed the U.S....

  • TOKYO, May 15- Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. California- based Western Digital is a long-standing joint venture partner in Toshiba's main semiconductor plant in...

  • TOKYO, May 15- Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. California- based Western Digital is a long-standing joint venture partner and runs Toshiba's main semiconductor plant...

  • MUMBAI, May 12- Indian conglomerate Piramal Enterprises said it is looking to expand its real estate development business and also expects to have a licence to start providing home mortgages by July. The Mumbai- based group, whose interests range from pharmaceuticals to financial services and real estate financing in India's big cities, said it now plans to...

  • French tycoon Vincent Bollore took a first step on Thursday in his attempt to merge media giant Vivendi and advertising company Havas, two groups he controls through his family-run conglomerate.