×

Capital Goods Industrial Conglomerates

  • LONDON, May 24- British luxury carmaker Aston Martin on Wednesday reported its first Q1 profit in a decade, marking a turnaround in its performance which could propel the company towards a market flotation. The 104- year old firm, made famous for making the sports car driven by secret agent James Bond, has made an annual loss in each of the last six years.

  • LONDON, May 24- British luxury carmaker Aston Martin on Wednesday reported its first Q1 profit in a decade, marking a turnaround in its performance which could propel the company towards a market flotation. The 104- year old firm, made famous for making the sports car driven by secret agent James Bond, has made an annual loss in each of the last six years.

  • LONDON, May 24- British luxury carmaker Aston Martin on Wednesday reported its first Q1 profit in a decade, marking a turnaround in its performance which could propel the company towards a market flotation. The 104- year old firm, made famous for making the sports car driven by secret agent James Bond, has made an annual loss in each of the last six years.

  • KUALA LUMPUR/ BEIJING, May 24- Geely, the owner of Sweden's Volvo Car Group, on Wednesday said it would buy 49.9 percent of struggling Malaysian carmaker Proton from conglomerate DRB-HICOM Bhd, marking the Chinese automaker's first push into Southeast Asia. Zhejiang Geely Holding Group Co Ltd, parent of Hong Kong- based Geely Automobile Holdings Ltd, will also...

  • KUALA LUMPUR, May 24- Chinese automaker Zhejiang Geely Holding Group on Wednesday said it would buy a 49.9 percent stake in Malaysia's national carmaker Proton from conglomerate DRB-HICOM, marking another major Chinese auto investment in Southeast Asia. Geely, parent company of Hong Kong- based Geely Automobile Holdings Ltd and Sweden's Volvo Car Group,...

  • KUALA LUMPUR, May 24- Malaysian conglomerate DRB-HICOM will sell a 49.9 percent stake in struggling car maker Proton to Chinese automaker Zhejiang Geely Holding Group, according to a company statement seen by Reuters. Malaysia's Second Finance Minister Johari Abdul Ghani is expected to make an official announcement on the deal shortly.

  • May 23- Honeywell International Inc said on Tuesday it would decide by fall this year whether to separate its aerospace business, a move hedge fund Third Point LLC wants the U.S. industrial conglomerate to pursue. Third Point, run by billionaire Dan Loeb, last month said Honeywell should spin off the aerospace division, saying the separation could create more...

  • Westinghouse, a unit of Japan's Toshiba Corp, filed for bankruptcy in March following billions of dollars in cost overruns at two nuclear power plants it designed and is constructing in Georgia and South Carolina. An attorney for Westinghouse said in U.S. bankruptcy court in New York that cash from the loan would allow the company to complete its business plan...

  • HONG KONG, May 24- Chinese TV and smartphone vendor LeEco said it will lay off 325 employees in the United States as the sprawling, cash-strapped conglomerate scales back operations in the country and focuses mainly on Chinese-American consumers. She declined to comment further on the size of the remaining headcount, but said most employees would be based in...

  • *LeEco to cut 325 U.S. jobs, about 70 pct of total. *Cuts part of strategy to refocus on domestic market. TAIPEI/ HONG KONG, May 24- Chinese TV and smartphone vendor LeEco said it will cut over 300 jobs at its U.S. business, amounting to almost three-quarters of its local workforce, as the cash-strapped conglomerate streamlines global operations in response to a shortage...

  • May 23- France's Compagnie des Alpes said more favorable economic and political conditions made it hopeful of reaching a deal this year to sell a stake in the company to Chinese conglomerate Fosun and other potential investors. Compagnie des Alpes operates 11 ski resorts in France and 13 leisure parks in Europe, including Parc Asterix and the Grevin waxworks...

  • SAO PAULO, May 22- Brazil's stocks and currency resumed their recent slump on Monday on fears a growing political crisis could derail an ongoing reform agenda. JBS and J&F Investimentos, a sprawling conglomerate led by brothers Joesley and Wesley Batista, have admitted to paying the bribes in a case that has sparked calls for the resignation of Brazilian...

  • *Moon yet to spell out reform agenda. * "Chaebol sniper" named head of regulatory agency. SEOUL, May 21- A South Korean retail giant has shelved controversial expansion plans, while a large bank made hundreds of contract jobs permanent after President Moon Jae- in took office vowing to reform the family-run conglomerates that dominate the economy.

  • RIYADH, May 20- U.S. technology and engineering conglomerate GE said on Saturday it had signed $15 billion of business deals with Saudi Arabia as part of the kingdom's drive to diversify its economy beyond oil. It came as dozens of senior U.S. business executives met Saudi counterparts at a conference coinciding with the visit of President Donald Trump to Riyadh.

  • TOKYO, May 19- Two Japanese government-backed investors have formally informed Toshiba Corp of their intention to take part in bids for its prized flash memory chip business, sources familiar with the matter said. State-backed fund Innovation Network Corp of Japan and the Development Bank of Japan told the conglomerate of their intention on Friday, said the...

  • SEOUL, May 19- A unit of healthcare conglomerate Johnson& Johnson filed a lawsuit to block a copy of its rheumatoid arthritis drug Remicade made by South Korea's Samsung Bioepis Co Ltd from being sold in the United States. Janssen's lawsuit comes about a month after Samsung, an unlisted subsidiary of contract drug maker Samsung BioLogics Co Ltd, said it got U.S....

  • SEOUL, May 18- South Korea's prospective antitrust chief on Thursday said there no hurry to unravel the complex and opaque structures behind the powerful family-run conglomerates that dominate Asia's fourth-largest economy. South Korea's top family-run conglomerates include technology giant Samsung Group, Hyundai Motor Group, SK Group and Lotte Group.

  • *OTC is cheaper alternative to a U.S. stock exchange listing. TEL AVIV, May 17- U.S. financial trading platform OTC Markets said it hopes to attract up to 18 Israeli companies this year, double the number last year, as they seek a cheaper alternative to listing on traditional exchanges such as Nasdaq. The average cost of listing on OTC is around $250,000, compared to...

  • PARIS, May 17- A stronger performance in telecoms enabled French conglomerate Bouygues to post a smaller-than-expected first quarter group operating loss, and the company vowed to increase its earnings further over the full year. The family-controlled Bouygues group, which also builds roads and owns France's biggest private TV broadcaster TF1, said...

  • PARIS, May 17- A stronger performance in telecoms enabled French conglomerate Bouygues to post a smaller-than-expected first quarter group operating loss, and the company vowed to further increase earnings over the full year. Bouygues, which failed to merge its telecoms unit with market leader Orange last year, said Bouygues Telecom confirmed its 25 percent...