Capital Goods Industrial Conglomerates

  • SAO PAULO, Aug 19- Chinese power conglomerates are gradually becoming the dominant force in Brazil's electricity industry, where high debt, a harsh recession and less stringent takeover barriers than in other major markets have stoked a wave of acquisitions. Since the start of 2015, Chinese companies have been the protagonists in three of the six largest...

  • BUENOS AIRES, Aug 17- Shares of Grupo Clarin, Argentina's biggest media conglomerate, rose on Wednesday after saying it plans to spin off its Cablevision subsidiary as the group prepares for growth and greater competition in the local cable TV sector. The creation of Cablevision Holding SA, announced late on Tuesday, is subject to approval by Clarin...

  • BUENOS AIRES, Aug 17- Shares of Grupo Clarin, Argentina's biggest media conglomerate, rose on Wednesday after saying it plans to spin off its Cablevision subsidiary as the group prepares for growth and greater competition in the local cable TV sector. The creation of Cablevision Holding SA, announced late on Tuesday, is subject to approval by Clarin...

  • PARIS, Aug 17- Canada's Brookfield Asset Management has signed a preliminary contract to buy Brazilian engineering conglomerate Grupo Odebrecht's 70 percent stake in water and sewage group Odebrecht Ambiental, an industry source told Reuters on Wednesday. Odebrecht S.A. will cash out 3.4 billion real, he added. Odebrecht Group will retain the right to...

  • BENGALURU, Aug 17- Budget airline AirAsia India said on Wednesday that it planned to gradually expand its fleet and network in India as it seeks to boost its small share of a fast expanding domestic market. The airline, a tie-up between Malaysian carrier AirAsia Bhd and India's Tata Sons conglomerate, said it planned to add a seventh Airbus A320 jet to its fleet and...

  • Aug 15- Warren Buffett's Berkshire Hathaway Inc on Monday said it has increased its stake in Apple Inc by 55 percent, boosting its bet on the iPhone and iPod maker even as prominent investors like George Soros and Carl Icahn shed theirs. Berkshire owned 15.23 million Apple shares worth $1.46 billion as of June 30, up from 9.81 million shares as of March 31, according...

  • *Bollore clashes with Berlusconis over Italy's Mediaset. PARIS, Aug 12- When French tycoon Vincent Bollore backed out of a deal to buy the pay-TV business of Italian broadcaster Mediaset, and instead proposed to take a large slice of the parent company itself, investors feared he was plotting another stealth raid. The family of former Italian premier Silvio...

  • *Bollore clashes with Berlusconis over Italy's Mediaset. PARIS, Aug 12- When French tycoon Vincent Bollore backed out of a deal to buy the pay-TV business of Italian broadcaster Mediaset, and instead proposed to take a large slice of the parent company itself, investors feared he was plotting another stealth raid. The family of former Italian premier Silvio...

  • *Bollore clashes with Berlusconis over Italy's Mediaset. PARIS, Aug 12- When French tycoon Vincent Bollore backed out of a deal to buy the pay-TV business of Italian broadcaster Mediaset, and instead proposed to take a large slice of the parent company itself, investors feared he was plotting another stealth raid. The family of former Italian premier Silvio...

  • *Q1 op profit Y20.1 bln vs Y6.5 bln loss year prior. TOKYO, Aug 12- Toshiba Corp on Friday said extensive restructuring helped the Japanese conglomerate swing to its first operating profit in six quarters, signalling recovery from a $1.3 billion accounting scandal that unmasked underperforming operations. That compared with a year-earlier loss of 6.5 billion...

  • TORONTO, Aug 9- Ontario Steel Investment Ltd, a group that includes shareholders of Essar Global, said on Tuesday it has submitted an offer to purchase U.S. Steel Canada's pension plan and a commitment to provide C $25 million toward post-employment benefits for U.S. Steel Canada, which employs nearly 2,000 workers in Ontario and has the capability to produce 2.6...

  • MUMBAI, Aug 9- Hindustan Zinc Ltd, a subsidiary of billionaire Anil Agarwal's mining conglomerate Vedanta Ltd, aims to double silver output in five years due to rising prices and increased demand from solar panel makers. The group plans to produce 500 tonnes of silver this fiscal year and double that to 1,000 tonnes by fiscal 2022, Chief Executive Sunil Duggal...

  • Aug 5- Berkshire Hathaway Inc on Friday said its second-quarter profit rose 25 percent, helped by improvement in insurance underwriting, investment gains and the purchase of Precision Castparts Corp, Warren Buffett's largest acquisition. Net income for Omaha, Nebraska- based Berkshire rose to $5 billion, or $3,042 per Class A share, from $4.01 billion, or $2,442,...

  • Aug 5- Berkshire Hathaway Inc on Friday said second-quarter profit rose 25 percent, helped by improved results from insurance underwriting and investments and the purchase of Precision Castparts Corp, Warren Buffett's largest-ever acquisition. Net income for the Omaha, Nebraska- based conglomerate rose to $5 billion, or $3,042 per Class A share, from $4.01...

  • MADRID, Aug 5- A slump in Spanish builder OHL's stock price this week has turned the spotlight on its parent company, an indebted conglomerate built up by one of Spain's richest businessmen and which has secured loans against its affiliate's shares. OHL, one of few construction firms to have survived Spain's 2008 property market crash had, as of Friday afternoon,...

  • *Foreign firms in Turkey concerned by events. Erdogan accuses Gulen of harnessing an extensive network of schools, charities and businesses, built up in Turkey and abroad over decades, to infiltrate state institutions and build a "parallel structure" that aimed to take over the country. An Istanbul court on Thursday issued an arrest warrant for the cleric for...

  • *Foreign firms in Turkey concerned by events. Erdogan accuses Gulen of harnessing an extensive network of schools, charities and businesses, built up in Turkey and abroad over decades, to infiltrate state institutions and build a "parallel structure" that aimed to take over the country. An Istanbul court on Thursday issued an arrest warrant for the cleric for "...

  • *Foreign firms in Turkey concerned by events. ISTANBUL, Aug 4- Turkish President Tayyip Erdogan vowed on Thursday to choke off businesses linked to the U.S.-based cleric he blames for an attempted coup, describing his schools, firms and charities as "nests of terrorism" and promising no mercy in rooting them out. Erdogan accuses Gulen of harnessing an extensive...

  • *2016 EPS now seen at 6.50- 6.70 euros vs 6.00-6.40. FRANKFURT, Aug 4- German industrial group Siemens raised its full-year earnings forecast for the second time this year after large energy projects helped to take its third-quarter results above expectations and sent its shares to a 12- month high. Siemens expects annual earnings per share of 6.50 to 6.70 euros,...

  • SAO PAULO, Aug 2- Investors eyeing Brazil's auction to privatize state-owned utility Celg-D said its heavy debt and the high minimum price could jeopardize the Aug. 19 sale. Investors said this week that might be too much, even after regulatory changes by Brazil's interim President Michel Temer have improved the sector's outlook. Thais Prandini, a director at...