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Capital Goods Industrial Conglomerates

  • TOKYO, April 21- Toshiba Corp creditor Sumitomo Mitsui Trust Bank said it fully supports the troubled electronics conglomerate as it battles to survive by shedding a pair of core businesses. As a member of its main creditor group, we will provide as much support as possible, " Masaru Hashimoto, who became president of SMTB this month, said in an interview.

  • NEW YORK, April 19- Billionaire investor Warren Buffett supports Wells Fargo& Co's management and board of directors, and has likely already voted shares owned by him and and his conglomerate, Berkshire Hathaway Inc, in line with the bank's official suggestions, a representative told Reuters. Wells Fargo's board is facing a threat at a shareholder meeting next...

  • SHANGHAI, April 19- China's central bank has relaxed some of the curbs on cross-border capital outflows it put in place just months ago to shore up the yuan currency, banking sources said on Wednesday. The first easing of the measures comes as China's leaders and financial markets feel more confident that pressure on the yuan and the country's foreign exchange...

  • However, cost controls and lower taxes helped the healthcare conglomerate beat Wall Street profit forecasts. With Actelion, J&J expects 2017 sales of $75.4 billion to $76.1 billion and adjusted earnings of $7.00 to $7.15 per share. Without Actelion, J&J maintained its prior forecast for sales of $74.1 billion to $74.8 billion and adjusted earnings of $6.93 to...

  • BRASILIA, April 17- Some Brazilian ministers will very probably step down because of the plea bargain testimonies of engineering conglomerate Odebrecht SA, President Michel Temer said on Monday.

  • SEOUL, April 17- South Korean prosecutors on Monday charged ousted president Park Geun-hye and Lotte Group chairman Shin Dong- bin with bribery in the latest twist to a corruption scandal that rocked the country for months. Lotte, South Korea's fifth-biggest conglomerate, is grappling with the Chinese shutdown of dozens of its stores in China, after it agreed to...

  • SEOUL, South Korea— The Latest on the indictment of former South Korean President Park Geun-hye:. In addition to former President Park Geun-hye, South Korean prosecutors have also indicted Shin Dong- bin, the chairman of Lotte Group, South Korea's fifth-largest business conglomerate. Park was arrested and confined to a detention facility near Seoul last month...

  • TOKYO, April 14- Japan's Toshiba Corp is likely to win creditors' approval for offering its prized memory chip business stake as collateral for new loans and loan commitments worth around 1 trillion yen, sources briefed about the matter said on Friday. The approval is crucial for the troubled conglomerate, which needs billions of dollars in fresh funding to tide...

  • *Mobile remains a core focus for the IDG Capital. BEIJING, April 14- IDG Capital, a private equity and venture capital firm, will deploy greater resources and time in companies as they grow, in contrast to some quick exits in the past, Global Chairman Hugo Shong told Reuters in an interview. IDG Capital, which together with China Oceanwide Holdings Group recently...

  • April 12- Warren Buffett's Berkshire Hathaway Inc withdrew its application to the Federal Reserve to boost its ownership stake in Wells Fargo& Co above 10 percent, and is instead selling 9 million shares to keep it below that threshold. Wells Fargo has been beset since September by a scandal over its creation of unauthorized customer accounts.

  • TOKYO, April 11- Toshiba Corp filed twice-delayed business results on Tuesday without an endorsement from its auditor and warned its very survival was in doubt, deepening a prolonged crisis at the Japanese conglomerate. The filing carried a disclaimer from auditor PricewaterhouseCoopers Aarata LLC that it was unable to form an opinion of the results,...

  • *Drive to consolidate given urgency by China's ambitions. FRANKFURT/ BERLIN, April 11- German industrial conglomerate Siemens and Canada's Bombardier are in talks to combine their rail operations in a joint venture, two people close to the matter told Reuters on Tuesday. The news was earlier reported by Bloomberg, lifting Siemens shares to a record high of...

  • TOKYO, April 11- Japan's Toshiba Corp filed twice-delayed business results on Tuesday without an endorsement from its auditor, increasing the likelihood that the nuclear-to-TVs conglomerate will be delisted. The filing carried a disclaimer from auditor PricewaterhouseCoopers Aarata LLC that it was unable to form an opinion of the results.

  • April 11- Loews Corp, a hotel, energy and financial services conglomerate, said it would buy plastic packaging manufacturer Consolidated Container Co from Bain Capital Private Equity for about $1.2 billion. Consolidated Container, which provides packaging solutions for beverages, food and household chemicals, will become a part of a newly created segment...

  • TOKYO, April 11- Toshiba Corp filed twice-delayed business results on Tuesday without an endorsement from its auditor and warned its very survival was in doubt, deepening a prolonged crisis at the Japanese conglomerate. The filing carried a disclaimer from auditor PricewaterhouseCoopers Aarata LLC that it was unable to form an opinion of the results,...

  • April 11- Loews Corp, a hotel, energy and financial services conglomerate, said on Tuesday it would buy plastic packaging manufacturer Consolidated Container Co from Bain Capital Private Equity for about $1.2 billion. The deal is expected to be funded with about 50 percent cash on hand and 50 percent debt, Loews said in a statement. It will be a part of a...

  • FRANKFURT/ TOKYO, April 11- Toshiba Corp is considering a stock market listing and other options for Swiss smart meter maker Landis+ Gyr, it said on Tuesday, as the Japanese conglomerate scrambles to raise funds to cover massive losses at U.S. nuclear unit Westinghouse. Reuters last month reported that Toshiba had hired UBS to explore a sale or initial public...

  • Signage for Toshiba is displayed atop the company's headquarters as a red traffic light stands illuminated in Tokyo.

    Japan's Toshiba Corp filed twice-delayed business results on Tuesday without an endorsement from its auditor, increasing the likelihood that the nuclear-to-TVs conglomerate will be delisted.

  • TOKYO, April 11- Japan's Toshiba Corp filed twice-delayed business results on Tuesday without an endorsement from its auditor, increasing the likelihood that the nuclear-to-TVs conglomerate will be delisted. The filing carried a disclaimer from auditor PricewaterhouseCoopers Aarata LLC that it was unable to form an opinion of the results.

  • TOKYO, April 11- Japan's Toshiba Corp filed twice-delayed business results on Tuesday without an endorsement from its auditor, increasing the likelihood that the nuclear-to-TVs conglomerate will be delisted. The filing carried a disclaimer from auditor PricewaterhouseCoopers Aarata LLC that it was unable to form an opinion of the results.