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  • *Succeeds company veteran Ellen Kullman. Nov 9- DuPont' s interim Chief Executive Edward Breen will keep his job permanently, setting the stage for the executive best known for the turnaround and breakup of Tyco International Plc to complete a wider overhaul of the chemicals and seed producer. Breen's appointment after less than a year with DuPont was announced...

  • *Succeeds company veteran Ellen Kullman. Nov 9- DuPont named interim Chief Executive Edward Breen to the top post, permanently handing over the reins of the stumbling conglomerate to an industry veteran best known for overseeing the turnaround and breakup of Tyco International Plc. Breen, who was also appointed chairman, took over as interim CEO on Oct. 16 after...

  • *Coal project faces possibility of another delay. SYDNEY, Nov 9- Indian conglomerate Adani Enterprises is facing possible further delays in constructing a giant coal mine in Australia after an environmental group lodged a fresh legal challenge on the grounds the project would harm the Great Barrier Reef and contribute to climate change.

  • *For other news from Reuters Middle East Investment Summit, click on http://www.reuters.com/summit/MiddleEast15. DOHA, Nov 8- On the seventh floor of a Doha tower block, in a room filled with display cases containing old coins, clocks and Koranic manuscripts, 82- year-old Hussain Alfardan sits fingering a pearl necklace he says is worth $2 million.

  • COPENHAGEN, Nov 6- Shipping and oil conglomerate A.P. Moller-Maersk said on Friday third-quarter profit almost halved and global demand for container transportation this year would grow at a slower pace than previously expected. The Danish company, which operates the largest container shipping business in the world, kept a reduced forecast made two weeks...

  • *Tsinghua to make more investment in Taiwan tech firms- analysts. HONG KONG/ SHANGHAI, Nov 6- China's Tsinghua Unigroup Ltd plans to invest 80 billion yuan in a new memory chip factory via the world's largest private placement, in the latest move by the state-backed technology conglomerate to bolster its fledgling chip industry. Tsinghua Unigroup, controlled by...

  • SHANGHAI/ HONG KONG, Nov 6- Chinese technology conglomerate Tsinghua Unigroup Ltd plans to invest 80 billion yuan in building a new memory chip factory and making acquisitions, channelling the funds into a private placement by an affiliate announced late on Thursday. Tsinghua Unigroup, controlled by Tsinghua University in Beijing which counts President Xi...

  • *China has been multinationals' growth driver as West stagnated. *Now slowing growth in China prompting strategic rethink. SHANGHAI/ ZURICH, Nov 6- A slowdown in China is forcing multinational companies to treat the world's second-biggest economy more like a developed market, turning away from a headlong dash for growth to focus on premium businesses, or...

  • *Toshiba to announce first-half results on Saturday. TOKYO, Nov 5- Japan's Toshiba Corp signaled on Thursday that it expects to book a large first-half operating loss as it struggles to recover from a $1.3 billion accounting scandal, fueling concerns that it may need a more drastic restructuring. Toshiba said its operating loss would be roughly in line with the...

  • SEOUL, Nov 3- A leadership transition at Samsung Group, South Korea's biggest conglomerate, is ushering in a major shift in what the group does with its huge cash pile and in its relationship with investors. Samsung Group firms have this year announced or completed 13.4 trillion won worth of buybacks, and flagship Samsung Electronics has also said it will hand...

  • Nov 2- Hotel, energy and financial services conglomerate Loews Corp reported a 12.5 percent drop in quarterly profit, hurt by lower revenue from its two major units- multiline insurer CNA Financial Corp and Diamond Offshore Drilling Inc.. Loews' net income fell to $182 million, or 50 cents per share, in the third quarter ended Sept. 30, from $208 million, or 55 cents per...

  • Loews third-quarter profit down 12.5 pct Monday, 2 Nov 2015 | 6:16 AM ET

    Nov 2- Hotel, energy and financial services conglomerate Loews Corp reported a 12.5 percent drop in quarterly profit, hurt by lower revenue from its two major units- multiline insurer CNA Financial and Diamond Offshore Drilling Inc.. Loews' net income fell to $182 million, or 50 cents per share, in the third quarter ended Sept. 30, from $208 million, or 55 cents per...

  • TAIPEI/ HONG KONG, Oct 30- Chinese state-backed technology conglomerate Tsinghua Unigroup Ltd is buying a 25 percent stake in Powertech Technology Inc for $600 million, becoming the largest shareholder in the Taiwanese chip packaging and testing company. "We believe Powertech, with its ability in the assembly and testing industry, will be an important member...

  • COLUMN-U.S. CEO retirement packages: Bigger than yours Wednesday, 28 Oct 2015 | 12:01 AM ET

    CHICAGO, Oct 28- Most fast food workers do not earn enough to retire with much of a pension. Then there is David Novak, executive chairman of YUM Brands, the conglomerate that runs Taco Bell, Pizza Hut, and KFC outlets. Novak tops the list of Fortune 500 CEOs with the largest retirement nest eggs, according to a study from two progressive think tanks- the Center for...

  • QUITO/ SAO PAULO, Oct 27- The city of Quito, Ecuador, on Tuesday awarded a $1.5 billion contract to build part of its metro to a consortium led by Brazilian conglomerate Odebrecht SA and Spain's Acciona SA. Authorities in Colombia, Panama and Peru are collaborating with Brazil or also investigating potential corruption in Odebrecht projects.

  • CONAKRY, Oct 26- Guinean President Alpha Conde's emphatic reelection appears to have subdued a combative opposition but a lingering Ebola outbreak and a slump in metals prices are dogging his plan to revive the West African state's economy. At least 60 people died in protests in Africa's largest exporter of bauxite, the raw material for aluminium.

  • BRASILIA, Oct 23- Brazil has started to watch its multinational companies for corrupt practices they might commit in other countries in the wake of a massive bribery scandal at home, the nation's top anti-corruption official told Reuters. Six years after encouraging homegrown conglomerates to expand beyond Brazil with cheap credit and eased regulatory...

  • *Italy set price for Poste Italiane IPO at 6.75 euros/ share. *Outcome shows investor confidence in Italy- minister. ROME/ MILAN, Oct 23- Italy will raise nearly 3.4 billion euros from the sale of a minority stake in its post office in a stock market listing welcomed by the government as a vote of confidence for its business reforms.

  • COPENHAGEN, Oct 23- A.P. Moller-Maersk cut its 2015 profit forecast by 15 percent on Friday, blaming a slowdown in the container shipping market that suggests a weakening global economy. The Danish conglomerate operates Maersk Line, the world's largest container shipping company which transports roughly 20 percent of all goods on the busiest routes between...

  • COPENHAGEN, Oct 23- A.P. Moller-Maersk downgraded its full-year outlook for underlying profit by $600 million to about $3.4 billion on Friday, citing deterioration in the container shipping market. The Copenhagen- based shipping and oil conglomerate, which controls the world's largest container shipping company Maersk Line, said that market conditions...