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Capital Goods Industrial Conglomerates

  • WASHINGTON, April 26- Public pension funds in at least seven U.S. states have invested millions of dollars in an investment fund that owns a New York hotel and pays one of President Donald Trump's companies to run it, according to a Reuters review of public records. The White House referred comment to the Trump Organization, the parent conglomerate for Trump's...

  • TOKYO, April 26- Toshiba Corp, the troubled Japanese conglomerate, wants to replace auditor PricewaterhouseCoopers Aarata to resolve an impasse over full-year earnings and remain listed, two sources briefed on the matter said. Ernst& Young ShinNihon LLC, its auditor at the time, was fined for failing to spot irregularities. Toshiba and its auditor have been at...

  • TOKYO, April 26- Toshiba Corp has decided to replace its auditor after less than a year as the troubled electronics conglomerate struggles to win its approval on full-year financial statement, the Nikkei business daily reported. Earlier this month, the company filed twice-delayed business results without an endorsement from auditor...

  • SANTIAGO, April 25- General Electric Co is in talks with an independent energy producer to make a significant move into wind power in Chile, two people with knowledge of the process told Reuters, as the conglomerate expands its global renewable footprint. GE is in talks to provide turbines for wind farms to be developed by Ireland's Mainstream Renewable Power...

  • PARIS, April 25- French tycoon Vincent Bollore said on Tuesday that he had received the go-ahead from European authorities on the fact that he now has' sole control', via his family-run conglomerate, of media giant Vivendi. This means that Bollore, who is Vivendi's biggest shareholder and chairman, is in place to get a majority position at the group's shareholder...

  • *Agreed Akorn bid of $34 per share. FRANKFURT, April 24- German healthcare conglomerate Fresenius SE& Co KGaA revved up the pace of its deals by acquiring U.S. generic drugmaker Akorn Inc for $4.75 billion, and in a separate agreement, the biosimilars unit of German peer Merck KGaA. A lot has been done in that area in the recent past, "Fresenius Chief Executive Stephan...

  • FRANKFURT, April 24- Acquisitive German healthcare conglomerate Fresenius SE& Co KGaA revved up its deals pace by acquiring U.S. generic drugmaker Akorn Inc for $4.75 billion, and in a separate deal, the biosimilars unit of German peer Merck KGaA. In a transaction that has the backing of Akorn's management, Fresenius will pay $34 per share and take on Akorn's net...

  • April 24- German healthcare conglomerate Fresenius SE& Co KGaA is close to acquiring generic drugmaker Akorn Inc in an all-cash deal valuing the company at more than $4 billion, people familiar with the matter said on Monday. The deal values Akorn in the region of $33 to $35 per share, said the sources. Akorn shares were hovering around $32 on Monday afternoon in New...

  • BRASILIA, April 23- The Brazilian government may increase the corruption fine that engineering conglomerate Odebrecht agreed to pay in a multi-billion dollar leniency deal signed last year, newspaper Folha de S.Paulo reported on Sunday. Odebrecht, once Latin America's biggest builder, struck a deal with Brazil, the United States and Switzerland in December...

  • BRASILIA, April 23- The Brazilian government may increase the corruption fine that engineering conglomerate Odebrecht agreed to pay in a multi-billion dollar leniency deal signed last year, newspaper Folha de S.Paulo reported on Sunday. Odebrecht, once Latin America's biggest builder, struck a deal with Brazil, the United States and Switzerland in December...

  • BRASILIA, April 23- The Brazilian government may increase the corruption fine that engineering conglomerate Odebrecht agreed to pay in a multi-billion dollar leniency deal signed last year, newspaper Folha de S.Paulo reported on Sunday. Odebrecht, once Latin America's biggest builder, struck a deal with Brazil, the United States and Switzerland in December...

  • BRASILIA, April 23- The Brazilian government may increase the corruption fine that engineering conglomerate Odebrecht agreed to pay in a multi-billion dollar leniency deal signed last year, newspaper Folha de S.Paulo reported on Sunday. Odebrecht, once Latin America's biggest builder, struck a deal with Brazil, the United States and Switzerland in December...

  • TOKYO, April 21- Japanese electronics conglomerate Panasonic Corp has raised its offer to buy out subsidiary PanaHome Corp, in an effort to satisfy the housebuilder's shareholders, who were unhappy with the original bid. In a statement on Friday, Panasonic said it had decided to make an all-cash offer to buy the rest of PanaHome in a deal worth 92.4 billion yen.

  • It was not clear if the diversification into the domestic market was related to the loss of many international routes when the United Nations slapped economic sanctions on North Korea for its nuclear and ballistic missile programs. But any U.S. action on Air Koryo would not be binding on other nations and would have little effect unless joined by China and...

  • TOKYO, April 21- Toshiba Corp creditor Sumitomo Mitsui Trust Bank said it fully supports the troubled electronics conglomerate as it battles to survive by shedding a pair of core businesses. As a member of its main creditor group, we will provide as much support as possible, " Masaru Hashimoto, who became president of SMTB this month, said in an interview.

  • NEW YORK, April 19- Billionaire investor Warren Buffett supports Wells Fargo& Co's management and board of directors, and has likely already voted shares owned by him and and his conglomerate, Berkshire Hathaway Inc, in line with the bank's official suggestions, a representative told Reuters. Wells Fargo's board is facing a threat at a shareholder meeting next...

  • SHANGHAI, April 19- China's central bank has relaxed some of the curbs on cross-border capital outflows it put in place just months ago to shore up the yuan currency, banking sources said on Wednesday. The first easing of the measures comes as China's leaders and financial markets feel more confident that pressure on the yuan and the country's foreign exchange...

  • However, cost controls and lower taxes helped the healthcare conglomerate beat Wall Street profit forecasts. With Actelion, J&J expects 2017 sales of $75.4 billion to $76.1 billion and adjusted earnings of $7.00 to $7.15 per share. Without Actelion, J&J maintained its prior forecast for sales of $74.1 billion to $74.8 billion and adjusted earnings of $6.93 to...

  • BRASILIA, April 17- Some Brazilian ministers will very probably step down because of the plea bargain testimonies of engineering conglomerate Odebrecht SA, President Michel Temer said on Monday.

  • SEOUL, April 17- South Korean prosecutors on Monday charged ousted president Park Geun-hye and Lotte Group chairman Shin Dong- bin with bribery in the latest twist to a corruption scandal that rocked the country for months. Lotte, South Korea's fifth-biggest conglomerate, is grappling with the Chinese shutdown of dozens of its stores in China, after it agreed to...