Capital Goods Industrial Conglomerates

  • SEOUL, Jan 19- A South Korean court on Thursday dismissed an arrest warrant against the head of Samsung Group, the country's largest conglomerate, amid a graft scandal that has led to the impeachment of President Park Geun-hye. But the reprieve for Jay Y. Lee, 48, may only be temporary, as the special prosecutor's office said it would pursue the case.

  • TOKYO, Jan 19- Toshiba Corp's financial crisis deepened on Thursday as media reported it may book a bigger-than-expected $6 billion writedown on its U.S. nuclear business, sending its shares sliding 15 percent. Toshiba has also approached government-backed Development Bank of Japan for assistance, said a source with knowledge of the matter, who was not...

  • SEOUL, Jan 19- A South Korean court on Thursday dismissed an arrest warrant against the head of Samsung Group, the country's largest conglomerate, amid a graft scandal that has led to the impeachment of President Park Geun-hye. But the reprieve for Jay Y. Lee, 48, may only be temporary, as the special prosecutor's office said it would pursue the case.

  • SHANGHAI, Jan 19- Thomas Tull, the founder and chief executive of Legendary Entertainment has stepped down, the firm said in a statement to Reuters on Thursday, a year after the Hollywood studio was bought by Chinese conglomerate Dalian Wanda for $3.5 billion. Wanda bought Legendary in January last year, helping turn chairman Wang Jianlin into a Hollywood movie...

  • SEOUL, Jan 19- A South Korean court on Thursday denied a special prosecutor clearance to arrest the head of Samsung Group, the country's largest conglomerate, amid a graft scandal that has led to the impeachment of President Park Geun-hye. The pre-dawn decision by the Seoul Central District Court to allow him to go home was welcomed by Samsung Group.

  • SEOUL, Jan 19- A South Korean court on Thursday dismissed a warrant to arrest the head of the Samsung Group, the country's largest conglomerate, amid a graft scandal that has led to the impeachment of President Park Geun-hye. The pre-dawn decision by the Seoul Central District Court to allow Jay Y. Lee to go home is likely to come as a major relief to Samsung Group,...

  • SEOUL, Jan 19- A South Korean court on Thursday dismissed a warrant to arrest the head of the Samsung Group, the country's largest conglomerate, amid a graft scandal that has led to the impeachment of President Park Geun-hye. The pre-dawn decision by the Seoul Central District Court to allow Jay Y. Lee to go home is likely to come as a major relief to the company, whose...

  • *Korean court says no to arrest warrant for Samsung chief. SEOUL, Jan 19- A South Korean court on Thursday dismissed a warrant to arrest the head of the Samsung Group, the country's largest conglomerate, a court spokesman said, amid a graft scandal that led to the impeachment of President Park Geun-hye. The decision by the Seoul Central District Court to allow Jay Y....

  • SEOUL, Jan 19- A South Korean court on Thursday dismissed a warrant to arrest the head of the Samsung Group, the country's largest conglomerate, a court spokesman said, amid a graft scandal that led to the impeachment of President Park Geun-hye. The decision by the Seoul Central District Court to allow Jay Y. Lee to go home is likely to come as a major relief to the...

  • BOSTON/ BEIJING, Jan 18- The hedge fund investment firm founded by Anthony Scaramucci said it will sell a majority of itself to RON Transatlantic EG and an arm of Chinese aviation and tourism conglomerate HNA Group, four days after Scaramucci took a position in President-elect Donald Trump's administration. For HNA Group, which announced about $20 billion of...

  • TOKYO, Jan 18- Toshiba Corp is looking to sell a minority stake in its core semiconductor business to Western Digital Corp, a source said, in a bid to dull the blow from a looming multi-billion-dollar writedown on a U.S. nuclear acquisition. The laptops-to-engineering conglomerate, still recovering from a $1.3 billion accounting scandal, shocked investors last...

  • BRASILIA, Jan 17- Brazil's largest engineering conglomerate Odebrecht SA plans to reach settlements in all 12 countries where it has admitted to paying bribes to obtain contracts, two sources with knowledge of the matter told Reuters on Tuesday. Since December, Odebrecht has agreed to pay $32 million to the government of Colombia, $59 million to the Panamanian...

  • Shares of Western Digital, the California- based data storage company, were up 0.7 pct at $71.51 on Tuesday. Toshiba will sell a roughly 20 percent interest in the unit for about 200 billion yen- 300 billion yen while retaining a majority stake, the newspaper reported. The Tokyo- based conglomerate, which is still recovering from a $1.3 billion accounting scandal in...

  • TOKYO, Jan 17- Asahi Group Holdings Ltd is open to the possibility of more acquisitions, its chief said, even after Japan's biggest beer maker sealed $10 billion worth of deals to buy European assets from Anheuser-Busch InBev SA NV last year. The brewer, known for Japan's best-selling "Super Dry" beer, has been expanding beyond its domestic market as alcohol...

  • SEOUL, Jan 16- South Korea's special prosecutor on Monday sought a warrant to arrest the head of Samsung Group, the country's largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye. Investigators had grilled Samsung Group chief Jay Y. Lee for 22 straight hours last week as a suspect in a corruption scandal,...

  • SEOUL, Jan 16- South Korea's special prosecutor on Monday sought a warrant to arrest the head of Samsung Group, the country's largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye. Investigators had grilled Samsung Group chief Jay Y. Lee for 22 straight hours last week as a suspect in a corruption scandal,...

  • SEOUL, Jan 16- South Korea's special prosecutors' office said on Monday it was seeking a warrant to arrest the head of Samsung Group, the country's largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye. Samsung Group chief Jay Y. Lee was questioned for 22 straight hours last week as investigators probed a...

  • SEOUL, Jan 16- South Korean conglomerate Samsung Group said on Monday it could not accept the special prosecutors' accusations that its leader, Jay Y. Lee, paid bribes to further his succession or the merger of two affiliates in 2015.. "It is difficult to understand the special prosecution's decision," Samsung Group said in an email statement in response to the...

  • SEOUL, Jan 16- South Korea's special prosecutor's office said on Monday it was seeking a warrant to arrest the head of Samsung Group, the country's largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye. Samsung Group chief Jay Y. Lee was questioned for 22 straight hours last week as investigators probed a...

  • SEOUL, Jan 16- South Korea's special prosecutors' office said it will seek a warrant to arrest the head of Samsung Group, the country's biggest conglomerate, as a corruption scandal engulfing President Park Geun-hye escalated on Monday. Samsung Group chief Jay Y. Lee was questioned for 22 straight hours last week as investigators probe a scandal that has reached...