Capital Goods Industrial Conglomerates

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  • Jan 7- U.S. conglomerate General Electric Co said it signed $157 billion in transactions in 2015 as part of its efforts to divest most of its finance business, GE Capital. An active sales process is ongoing for the remaining international businesses while the company continues to close the previous deals, GE Capital Chief Executive Keith Sherin said.

  • Jan 6- United Technologies Corp said its Pratt& Whitney unit, which makes aircraft engines, would record a pretax charge of about $870 million in the fourth quarter ended Dec. 31. UTC, the U.S. aerospace and building systems conglomerate, said Pratt& Whitney Canada will make four annual payments to the Canadian agencies in the form of royalties, commencing this month,...

  • Toshiba seeks more funds for restructuring - Nikkei Monday, 28 Dec 2015 | 6:19 PM ET

    Dec 28- Toshiba Corp, reeling from a $1.3 billion accounting scandal, intends to ask for an additional 300 billion yen in credit lines by the end of January to fund a large-scale restructuring, the Nikkei business daily reported. Toshiba is likely to approach multiple financial institutions including Mizuho Bank and Sumitomo Mitsui Banking Corp, Nikkei...

  • China industrial profits slow their on-year decline Saturday, 26 Dec 2015 | 11:06 PM ET
    A worker polishes steel coils at a factory of Dongbei Special Steel Group in Dalian, China.

    Profits earned by Chinese industrial companies in November fell 1.4% on-year, but showed some improvement on October's on-year result.

  • Larsen& Toubro, Walchandnagar Industries, state-run Bharat Heavy Electricals and Godrej Group are among those who make parts for nuclear plants. They have suffered from years of stop-start orders, as India's nuclear programme stalled. But there are now signs India's $150 billion dollar nuclear power programme is finally getting off the ground: the...

  • TOKYO, Dec 21- Toshiba Corp said on Monday it would book a record net loss this year and cut around 5 percent of its workforce as the sprawling conglomerate, reeling from a $1.3 billion accounting scandal, focuses on chips and nuclear energy. The change in fortune at Toshiba, whose former executives have led Japan's business lobby and advised governments, comes as...

  • TOKYO, Dec 21- Japan's Toshiba Corp said on Monday it will cut nearly 7,000 consumer electronics jobs after a $1.3 billion accounting scandal, in an overhaul that will streamline the sprawling conglomerate into a company focused on chips and nuclear energy. Toshiba also said it would sell its television manufacturing plant in Indonesia, and that eventual job...

  • YANGON, Dec 20- Drinkers buying a beer at Yangon's roadside bar shacks used to face a limited choice: more likely than not, they would order a mug of Myanmar Beer, sometimes with a shot of coarse whisky to give the light local brew an extra kick. Just months after opening, Heineken is doing so well it plans to double capacity at its Yangon facility to 50 million litres...

  • WASHINGTON, Dec 17- The number of Americans filing for unemployment benefits last week fell from a five-month high, suggesting sustained labor market healing that could lead to further Federal Reserve interest rate hikes next year. Initial claims for state unemployment benefits dropped 11,000 to a seasonally adjusted 271,000 for the week ended Dec. 12, the...

  • NEW YORK, Dec 14- General Electric Co shares are trading at their highest valuation in more than a decade, reversing discounts to other industrial rivals and adding pressure on the U.S. conglomerate to show it can drive profits in line with its newfound market premium. After a big run this year, GE shares sit at 20 times forward 12- months earnings projections, their...

  • SAO PAULO, Dec 14- Spanish conglomerate Abengoa told Brazil's power sector regulator Aneel that it has stopped work on concessions to build and operate new transmission lines in the country, according to a document seen by Reuters on Monday. The document, obtained with a freedom of information request, detailed Aneel's recent meeting with Abengoa executives,...

  • SHANGHAI, Dec 14- Shanghai stocks jumped more than 2 percent on Monday in their best session in a month, as stronger-than-expected November factory activity lifted sentiment without dashing hopes of fresh stimulus. But stocks linked to Chinese conglomerate Fosun Group slumped, as investors had their first chance to react to news that Fosun's billionaire...

  • BEIJING, Dec 13- Guo Guangchang, one of China's best-known entrepreneurs, is helping police with an investigation that mostly concerns his personal affairs, the president of Guo's investment conglomerate Fosun International said on Sunday. Fosun had confirmed on Friday that Guo, a self-styled student of investor Warren Buffett, was assisting authorities...

  • BEIJING, Dec 13- Guo Guangchang, one of China's best-known entrepreneurs, is helping police with an investigation that focuses mostly on his personal affairs, the president of Guo's investment conglomerate Fosun International said on Sunday. Fosun had confirmed on Friday that Guo, a self-styled student of investor Warren Buffett, was assisting authorities...

  • *Dow, Du Pont to merge, then split into three. Dec 11- Chemical titans DuPont and Dow Chemical Co agreed to combine in an all-stock merger valued at $130 billion in a move that pleased activist investors, would generate tax savings and trigger more consolidation while drawing scrutiny from regulators. The "deal of three centuries," as Wells Fargo analyst Frank Mitsch...

  • *Companies to merge, then split into three. Dec 11- Chemical titans DuPont and Dow Chemical Co agreed to combine in an all-stock merger valued at $130 billion in a move that pleased activist investors, would generate tax savings and trigger more consolidation while drawing scrutiny from regulators. The "deal of three centuries," as Wells Fargo analyst Frank Mitsch...

  • SHANGHAI, Dec 11- China stocks ended at a nearly two-week low on Friday, with a sliding yuan and widening problems at conglomerate Fosun Group hurting investor sentiment. "A U.S. rate hike would have a major impact on money flows out of emerging markets including Hong Kong and China," said Linus Yip, chief strategist at First Shanghai Securities.

  • *Fosun's US-traded OTC stock fell 6.6 pct on Thursday. *Fosun says current business operations normal. HONG KONG, Dec 11- Shares in firms controlled by one of China's best-known entrepreneurs were suspended in Hong Kong and the mainland after a financial magazine said the Fosun conglomerate had lost contact with billionaire founder and chairman Guo...

  • HONG KONG, Dec 11- Shares in China's largest privately owned conglomerate Fosun Group were suspended in Hong Kong on Friday hours after a Chinese financial magazine reported the company had been unable to contact its billionaire chairman and founder. In a statement, Fosun said it had requested the halting of its shares pending the release of an announcement...

  • *Sees 2016 adjusted EPS $6.30- $6.60, revenue $56- $58 bln. Dec 10- United Technologies Corp raised the lower end of its full-year adjusted earnings forecast and announced a $1.5 billion restructuring plan aimed at reducing costs, mainly through factory consolidation. United Technologies, whose shares rose 1.4 percent in extended trading, makes Otis elevators,...