Capital Goods Industrial Conglomerates

  • BUENOS AIRES, Sept 16- Executives applauded the opening of Argentina's economy at a major business forum in Buenos Aires this week but many said they are looking for improved infrastructure, more flexible labor laws and other reforms before committing investments. Argentina's oil sector, blessed with one of the world's largest shale reserves, faces one of the...

  • BUENOS AIRES, Sept 16- Executives applauded the opening of Argentina's economy at a major business forum in Buenos Aires this week but many said they are looking for improved infrastructure, more flexible labor laws and other reforms before committing investments. Argentina's oil sector, blessed with one of the world's largest shale reserves, faces one of the...

  • WASHINGTON, Sept 15- Myanmar leader Aung San Suu Kyi urged businesses to invest in the Southeast Asian country on Thursday as a way to advance its democratic transition, a day after U.S. "Economic success is one of the ways that we can persuade everyone in our country, including the military, that democracy is the best way forward for our union," Suu Kyi told a dinner of...

  • REDWOOD CITY, Calif., Sept 15- Carbon, a Silicon Valley startup that is developing 3 D printers to produce medical devices and car parts on demand, said on Thursday it had closed on $81 million in funding that brought the total it has raised to $222 million. Founded in 2013, Carbon said the funding round was led by automaker BMW Group, industrial conglomerate General...

  • A man stands infront of a McDonald's restuarant in Tianjin, China on February 2, 2015. McDonald's has received more than half a dozen bids for its planned sale of China and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower and ChemChina in a deal worth about $3 billion.

    McDonald's has received final bids from at least three groups for its China and Hong Kong outlets.

  • TOKYO, Sept 15- Japanese trading house Mitsubishi Corp on Thursday said it is considering raising its stake in convenience store operator Lawson Inc to make it a subsidiary, in a deal worth about 140 billion yen. With a 33.4 percent stake as of earlier this year, Mitsubishi Corp, Japan's largest conglomerate whose businesses range from steel processing to salmon...

  • HONG KONG, Sept 15- Fast-food giant McDonald's Corp has received final bids from at least three groups for its China and Hong Kong outlets, with global private equity firms Carlyle Group and TPG Capital separately teaming up with Chinese partners for the business worth up to $3 billion, sources told Reuters. Carlyle has joined with Chinese state conglomerate...

  • TOKYO, Sept 15- Japanese trading house Mitsubishi Corp on Thursday said it is considering raising its stake in convenience store operator Lawson Inc to make it a subsidiary, in a deal worth about 140 billion yen. With a 33.4 percent stake as of earlier this year, Mitsubishi Corp, Japan's largest conglomerate whose businesses range from steel processing to salmon...

  • HONG KONG, Sept 15- Fast-food giant McDonald's Corp has received final offers from at least three bidding groups for its China and Hong Kong outlets, with global private equity firms Carlyle Group and TPG Capital teaming up with Chinese partners for the business worth up to $3 billion, sources told Reuters. Carlyle has joined with Chinese state conglomerate...

  • ZURICH/ NEW YORK, Sept 14- Pressure on ABB Group to turn around its performance grew on Wednesday, as another investor said the Swedish-Swiss conglomerate should separate one of its divisions. Artisan Partners' call for ABB to spin off the Power Grids arm echoed the view of Cevian Capital, a European-focused activist investor that announced its own push for the...

  • NEW YORK, Sept 14- Another shareholder of Zurich- based conglomerate ABB has called for the company to spin off its Power Grids division, in an effort to streamline the company to improve its stock price. Cevian Capital, a European-based activist investor, also wants the spin-off and has boosted its stake to 6.2 percent to push for the separation.

  • SEOUL, Sept 13- The South Korean government, long a bastion of support for the country's big conglomerates, is sticking to its hard-line stance on Hanjin Shipping Co Ltd, whose collapse is roiling global supply chains. In recent months, Korea Development Bank discussed arranging a merger between Hyundai Merchant Marine, itself under creditor-led debt...

  • *Jay Y. Lee nominated as Samsung Elec board director. *Board seat further cements Lee's role as Samsung Group leader. SEOUL, Sept 12- The Samsung Group's de facto leader and heir apparent is poised to join the board of crown jewel Samsung Electronics Co Ltd, a step towards formalising his role as head of the conglomerate as it reels from a massive smartphone recall.

  • SEOUL, Sept 12- Samsung Electronics Co Ltd said on Monday its board of directors has nominated Vice Chairman Jay Y. Lee as an inside director, signaling the group's de facto head would officially cement his role as leader of South Korea's top conglomerate. Samsung, in a statement, said Lee demonstrated leadership abilities in helping earnings recover, and that the...

  • Sept 9- Seagate Technology Plc has invited ValueAct Capital in as an investor, selling a roughly 4 percent stake to the activist hedge fund, which will also get a front-row view of its board meetings, the hard-drive maker said on Friday. "Seagate approached ValueAct to execute this transaction and become an investor in our company, given their commitment to and...

  • *Samsung Group has been divesting from non-core businesses. Samsung Electronics and the broader Samsung Group have been divesting from or exiting non-core businesses as part of a broader restructuring process for South Korea's top family-run conglomerate under the stewardship of de facto leader Jay Y. Lee. Samsung Electronics in 2014 decided to end its LED...

  • *Turkey seizing firms it links to U.S.-based cleric. ANKARA/ ISTANBUL, Sept 6- Turkey's deputy prime minister said on Tuesday that companies linked to a group blamed for a failed coup posed a risk of up to 5 billion lira to Turkish banks but that the state seizure of such firms had minimized the risks. Turkey has appointed administrators to a series of companies...

  • SEOUL, Sept 5- South Korean prosecutors summoned Lotte Group founder Shin Kyuk-ho for questioning on Wednesday as part of a sweeping criminal probe against the confectionery-to-chemicals conglomerate, Yonhap news agency reported. Prosecutors have told Shin, 93, to appear for questioning at 10 a.m. on Wednesday, Yonhap said. Lotte Group and prosecutors could...

  • HONG KONG, Sept 2- Chinese state conglomerate CITIC Group and U.S. private equity firm Carlyle Group are teaming up to bid for McDonald's outlets in China and Hong Kong in a deal worth between $2 billion and $3 billion, four people familiar with the matter said. Reuters previously reported that the Illinois- based fast-food giant, which has been hit by a series of...

  • JOHANNESBURG, Aug 31- South Africa's Steinhoff warned on Wednesday the slump in the pound after Britain's vote to leave the European Union would hurt its UK business as the furniture conglomerate fell a touch short of estimates with a one-third rise in annual sales. But Britain's shock vote to leave the EU in June has created uncertainty for Steinhoff, which...