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Capital Goods Industrial Conglomerates

  • *Posts Q2 adjusted EPS of $0.19 vs estimates of $0.18. The company's news and information business, which includes the Wall Street Journal and the Times in London, has been suffering from lower ad sales as readership dwindles, with readers opting for free news on websites and mobile apps. Revenue in the business fell nearly 7 percent to $1.30 billion in the second...

  • *Lopez left Philippines at 18 to become a yoga missionary. MANILA, Feb 10- Mining industry chiefs had just assailed her order to shut down more than half of the Philippines' mines, and Regina Lopez was in a combative mood: but, to keep her cool before an interview, she slipped into a side room and meditated for a few minutes. There is a spiritual side to Lopez, the daughter of...

  • TOKYO, Feb 9- Toshiba Corp has received an offer as high as 400 billion yen for a 19.9 percent stake in its flash memory business, with other bids as low as 200 billion yen, a person directly involved in the deal told Reuters. Suitors include rivals SK Hynix Inc and Micron Technology Inc, and financial investors like Bain Capital. The Japanese conglomerate was seeking...

  • Jeff Immelt CEO of GE featured on Mad Money with Jim Cramer

    Jim Cramer spoke with Jeffrey Immelt, who said the company doesn't need trade deals to be effective.

  • SEOUL, Feb 6- Samsung Group said it will disband its corporate strategy office after a special prosecution probe ends, setting a timeline on a pledge to wind up a power centre that has been criticised for its role in South Korea's graft scandal. Special prosecution has classified Jay Y. Lee, third-generation leader of Samsung Group, and head of the corporate...

  • SEOUL, Feb 6- South Korean conglomerate Samsung Group said on Monday it will disband its corporate strategy office tasked with managing long-term group-related affairs at the conclusion of the current special prosecution probe. Jay Y. Lee, third-generation leader of the country's top conglomerate, said at a December parliament hearing he plans to disband...

  • President Donald Trump, will now not get a senior role at the White House, the New York Times reported on Wednesday. The White House, Scaramucci and SkyBridge Capital, the hedge fund he founded, were not immediately available for comment. In January, Scaramucci said he would join Trump's White House staff as an adviser and public liaison to government agencies and...

  • *Tokyo Electron also not showing interest- Kyodo. TOKYO, Jan 31- Japan's Canon Inc said would be difficult to invest in Toshiba Corp's memory chip business, dousing hopes that the struggling conglomerate could count on its business partner for help as it scrambles for funds to offset a multi-billion dollar writedown. Expectations that Canon could offer at least...

  • *Deal would reduce intense competition in India- analysts. LONDON/ MUMBAI, Jan 30- Britain's Vodafone Group confirmed on Monday it was in talks to merge its Indian subsidiary with local rival Idea Cellular in an all-share deal that would create a new market leader better able to contest a brutal new price war. Last year the market was thrown into fresh turmoil with...

  • BRASILIA, Jan 30- The president of Brazil's Supreme Court, Carmen Lucia Rocha, approved plea bargain statements from 77 executives of engineering conglomerate Odebrecht under investigation for paying bribes in the country's biggest graft scandal, the court said on Monday. Prosecutors had asked Rocha not to hold up approval of the statements following the...

  • TOKYO, Jan 30- Mitsubishi UFJ Trust and Banking Corp is preparing to sue Toshiba Corp for 1 billion yen in damages after its share price tanked due to a $1.3 billion accounting scandal two years ago. The trust bank is seeking compensation on behalf of its client pension funds, a spokesman said on Monday. The development is an extra headache for the conglomerate...

  • MEXICO CITY, Jan 27- Billionaire Carlos Slim said on Friday that Mexico should not fear Donald Trump, seeing opportunities for his country in the U.S. president's economic policies, and praising Mexicans for uniting behind their government in talks with the northern neighbor. In a rare news conference, the telecommunications and construction mogul called...

  • In a rare news conference, the telecoms and construction mogul called Trump a negotiator, "not Terminator" and said his repeated attacks on Mexico had united the country, giving President Enrique Pena Nieto "strength" in trade and border security talks. "This is the most surprising example of national unity that I've had the pleasure of seeing in my life," Slim said,...

  • LIMA, Jan 27- Grana y Montero, Peru's biggest construction conglomerate, reported a fourth-quarter net loss of 130 million soles on Friday, citing corruption concerns about its partner that derailed a major project. Peru terminated the contract this week over a missed financing deadline amid a graft scandal involving Odebrecht S.A., capping months of...

  • TOKYO, Jan 27- Toshiba Corp said it will sell a minority stake in its memory chip business as it urgently seeks funds to offset an imminent multi-billion dollar writedown, adding that its overseas nuclear division- the cause of its woes- was now under review. The drastic measures are set to be just some of the tough choices the Japanese conglomerate will have to take...

  • TOKYO, Jan 27- Toshiba Corp said it will sell a minority stake in its memory chip business as it urgently seeks funds to offset an imminent multi-billion dollar writedown, adding that its overseas nuclear division- the cause of its woes- was now under review. The drastic measures are set to be just some of the tough choices the Japanese conglomerate will have to take...

  • TOKYO, Jan 27- Toshiba Corp's board on Friday approved plans to make its core memory chip business a separate company and seek outside investment in it, aiming to avoid being crippled by an upcoming multi-billion dollar writedown for its U.S. nuclear business. Toshiba is looking to sell roughly 20 percent for more than 200 billion yen and potential investors...

  • TOKYO, Jan 27- Toshiba Corp's board on Friday approved plans to make its core memory chip business a separate company and seek outside investment in it, aiming to avoid being crippled by an upcoming multi-billion dollar writedown for its U.S. nuclear business. Toshiba is looking to sell roughly 20 percent for more than 200 billion yen and potential investors...

  • CARACAS, Jan 26- Venezuela's chief state prosecutor said on Thursday an arrest warrant was being sought for someone suspected of taking bribes from Odebrecht, the Brazilian construction conglomerate linked to major corruption schemes across Latin America. According to a plea bargain agreement with U.S. authorities, Odebrecht and representatives paid...

  • CARACAS, Jan 26- Venezuela's chief state prosecutor said on Thursday an arrest warrant was being sought for someone suspected of taking bribes from Odebrecht, the Brazilian construction conglomerate linked to major corruption schemes across Latin America. According to a plea bargain agreement with U.S. authorities, Odebrecht and representatives paid...