Capital Goods Industrial Conglomerates

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  • *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,...

  • *Toshiba has 60 pct stake in NuGen project. TOKYO, Dec 10- Toshiba Corp is asking Japanese financial institutions to help fund a nuclear project in northwest England, sources with direct knowledge of the matter said, as the conglomerate seeks ways to ease its financial burden after a $1.3 billion accounting scandal. Toshiba holds a 60 percent stake in the NuGen UK...

  • TOKYO, Dec 10- Toshiba Corp is asking Japanese financial institutions to help fund a nuclear project in northwest England, sources with direct knowledge of the matter said, as the conglomerate looks for ways to ease financial burdens after a $1.3 billion accounting scandal. Toshiba holds a 60 percent stake in the NuGen UK nuclear joint venture with France's...

  • Dec 9- A potential marriage of chemicals titans Dow Chemical and DuPont would draw intense scrutiny from regulators in the United States and other countries, but Wall Street welcomed the reported merger talks, lifting shares of both companies by 12 percent. "I look at it like Pepsi and Coca-Cola merging, then splitting into syrup, bottling, and snacks& sundry...

  • Dec 9- Merger talks between Dow Chemical Co and DuPont to create a chemicals titan with a $130 billion market value lifted Dow shares to a record on Wednesday and put DuPont on track for its biggest daily gain in more than six years. The Wall Street Journal first reported on Tuesday that the companies were in advanced merger talks that would create a chemicals...

  • *Abengoa halts construction of 6,300 km of new power lines. SAO PAULO, Dec 8- Spanish conglomerate Abengoa, teetering on the verge of bankruptcy, has halted construction of power transmission lines in Brazil, a potential setback for the South America nation's bid to emerge from its worst energy crisis in 14 years. Abengoa, which opened pre-insolvency proceedings...

  • TOKYO, Dec 7- Fifty individual shareholders of Toshiba Corp sued the Japanese conglomerate in Tokyo on Monday, seeking 301.99 million yen in damages after the firm's stock plunged in the wake of a multi-billion dollar accounting scandal. Toshiba later said it inflated profits by around 155 billion yen over about seven years. The lawyers representing the group...

  • *Toshiba plans to restructure after accounting scandal. TOKYO, Dec 4- Toshiba Corp and Fujitsu Ltd are in talks to split off and merge their personal computer units, people familiar with the matter said, as Japan's electronic conglomerates seek to retreat further from loss-making businesses. At the same time, Toshiba is under pressure to restructure in the wake...

  • TOKYO, Dec 4- Toshiba Corp and Fujitsu Ltd are considering a merger of their personal computer businesses, two people familiar with the matter said on Friday, as the companies look to shed struggling units to overhaul their operations. The Nikkei business daily reported earlier that Toshiba, Fujitsu and unlisted Vaio Corp, which was spun off from Sony Corp last...

  • *Jay Y. Lee under pressure to fix smartphone decline, find growth. SEOUL, Dec 4- Nearly 19 months after becoming de facto leader of Samsung Group, Jay Y. Lee is running out of time to show he has a plan to fix crown jewel Samsung Electronics Co Ltd as it stumbles toward possibly its first annual fall in smartphone sales. "We have yet to get a clear blueprint on how Samsung...

  • SEOUL, Dec 1- Tech giant Samsung Electronics Co Ltd's long-time handset division chief is ceding day-to-day management of the struggling smartphone business in the biggest leadership change yet under the Samsung conglomerate's heir-apparent, Jay Y. Lee. Samsung Group said 54- year-old Dongjin Koh will take over as president of the mobile communications...

  • SEOUL, Dec 1- South Korean tech giant Samsung Electronics Co Ltd has named Dongjin Koh as the president of its smartphone business, conglomerate Samsung Group said on Tuesday.

  • *Also faces heavy losses from Ukraine investments. MOSCOW, Nov 27- A $20 billion bailout request from Russia's state development bank is raising questions about the running of a lender which helped fund the Sochi Olympics in 2014.. The descendent of a Soviet foreign trade bank, Vnesheconombank or VEB assumed a bigger role in 2007 when Russia designated it as the...

  • COTONOU/ DAKAR, Nov 27- French conglomerate Bollore may have to halt work on the Niger to Benin section of its giant West Africa rail project after a rival company won a court order to stop it going ahead. It claimed the governments of Niger and Benin in 2010 had granted it the rights to build a railway linking Benin's coastal capital Cotonou with Niger's inland...

  • *Toshiba needs to secure restructuring funds. TOKYO, Nov 27- Toshiba Corp said on Friday it was considering splitting off part of its chip business, with listing it an option, in a move that would help it raise capital needed to fund restructuring following a $1.3 billion accounting scandal. The accounting scandal rendered Toshiba on the Tokyo Stock Exchange's...

  • China industrial profits drop 4.6% on-year Thursday, 26 Nov 2015 | 9:20 PM ET
    Two employees tie up steel bars at a steel-making plant in Ganyu, China. ThyssenKrupp has seen an increase in exports from China.

    Profits earned by Chinese industrial companies fell 4.6 percent in October from a year earlier, data from the statistics bureau showed on Friday.

  • *Penguin Random House could be worth more than 2 bln euros. FRANKFURT, Nov 24- European media conglomerate Bertelsmann is looking for a private equity partner to help it buy the rest of publisher Penguin Random House should co-owner Pearson want a quick exit from the business, three sources told Reuters. Privately held Bertelsmann controls 53 percent of the...

  • *Bollore hired bankers to prepare IPO for rail deal. DAKAR, Nov 17- A major West African rail scheme being built by French industrial conglomerate Bollore is caught up in a legal action, initiated by a rival firm shortly after the group hired banks to prepare for a Paris bourse listing of the regional project. In the filing, the plaintiffs argue that the governments...

  • BEIJING/ HONG KONG, Nov 16- China's Tsinghua Unigroup Ltd plans to invest 300 billion yuan over the next five years to build the world's third-biggest chipmaker, the chairman of the state-backed technology conglomerate said on Monday. Chairman Zhao Weiguo also told Reuters in an interview that Tsinghua Unigroup, controlled by Beijing's elite Tsinghua...

  • TOKYO, Nov 12- Japan's Toshiba Corp said on Thursday its U.S. nuclear unit Westinghouse had booked losses in fiscal years 2012 and 2013, a fresh revelation of difficulties faced by the embattled industrial conglomerate. Westinghouse fell into the red as it wrote down its assets by about $900 million in fiscal year 2012 and by about $400 million in fiscal 2013, a...