Capital Goods Industrial Conglomerates

  • Dec 14- General Electric Co said on Wednesday it would sell its $3 billion industrial solutions business, which makes electrical equipment, as part of a push to focus on its core businesses. The industrial conglomerate expects to raise about $4 billion from the sale of the unit as well as the previously announced sale of its water business, GE said in an investor...

  • Dec 14- General Electric Co said on Wednesday that it expected 2017 operating earnings between $1.60 and $1.70 a share, and stuck to its 2018 earnings forecast of $2 per share. The forecast is higher than the company's 2016 estimated operating earnings of $1.48- $1.52 per share. The industrial conglomerate said it expected 2017 revenue of about $135 billion.

  • PARIS, Dec 13- French ski resorts operator Compagnie des Alpes posted higher annual profits and said it needed powerful partners to accelerate its expansion abroad, notably in China. "The group wants to seize the opportunity of the development of the leisure and ski businesses in Europe and in new territories, notably China," the group said in a statement.

  • SAO PAULO, Dec 8- Brazilian engineering conglomerate Camargo Correa SA is in talks to sell a minority stake in Loma Negra Cia Industrial SA, Argentina's No. 1 cement producer, a person familiar with the matter said on Thursday. Local financial blog Brazil Journal reported on Thursday that the Loma Negra deal would involve the sale of a 40- percent stake.

  • *Blames hackers based in southeast Asia. FRANKFURT, Dec 8- Technical trade secrets were stolen from the steel production and manufacturing plant design divisions of ThyssenKrupp AG in cyber attacks earlier this year, the German company said on Thursday. ThyssenKrupp, one of the world's largest steel makers, said it had been targeted by attackers located in...

  • SAO PAULO, Dec 8- Brazilian engineering conglomerate Camargo Correa SA, which this year disposed of electricity and consumer goods assets, is in talks to sell a minority stake in Loma Negra Cia Industrial SA, Argentina's No. 1 cement producer, a person familiar with the matter said on Thursday. Local financial blog Brazil Journal reported on Thursday that the Loma...

  • FRANKFURT, Dec 8- Technical trade secrets were stolen from the steel production and manufacturing plant design divisions of ThyssenKrupp AG in cyber attacks earlier this year, the German company said on Thursday. ThyssenKrupp, one of the world's largest steel makers, attributed the breaches to unnamed attackers located in southeast Asia engaged in what it...

  • LONDON, Dec 7- These days the average researcher at Philips is more likely to be a software developer than an product engineer, reflecting a transformation at the former Dutch conglomerate that its chief executive says will gather pace. "M&A will play a more active role," van Houten said during a visit to London, highlighting informatics, diagnostics, patient...

  • SEOUL, Dec 6- South Korean President Park Geun-hye, engulfed in an influence peddling scandal, said if she was impeached she would wait for a court to uphold the decision, a party official said on Tuesday, a sign a political crisis could drag on for months. Separately, South Korea's most prominent corporate chiefs told a parliamentary panel they had not sought...

  • SEOUL, Dec 6- South Korean President Park Geun-hye, engulfed in an influence peddling scandal, said if she was impeached she would wait for a court to uphold the decision, a party official said on Tuesday, a sign a political crisis could drag on for months. Separately, South Korea's most prominent corporate chiefs told a parliamentary panel they had not sought...

  • Still, the head of the GS Group, one of the nine conglomerate bosses summoned to appear at the unprecedented televised hearing, acknowledged that it was hard to say no to the government. "It's a South Korean reality that if there is a government request, it is difficult for companies to decline," said Huh Chang- soo, who heads the energy-to-retail GS Group and is also...

  • Still, the head of the GS Group, one of the nine conglomerate bosses summoned to appear at the unprecedented televised hearing, acknowledged that it was hard to say no to the government. "It's a South Korean reality that if there is a government request, it is difficult for companies to decline," said Huh Chang- soo, who heads the energy-to-retail GS Group and is also...

  • On the second day of the Shenzhen- Hong Kong stock link, Shenzhen- listed shares continued to outperform, with Shenzhen benchmark index ending up 0.2 percent. Piling up the pressure, the country's insurance regulator said it has taken regulatory measures against Foresea Life, a unit of Chinese financial conglomerate Baoneng Group, and Evergrande Insurance, a...

  • Still, the head of the GS Group, one of the nine conglomerate bosses summoned to appear at the unprecedented televised hearing, acknowledged that it was hard to say no to the government. "It's a South Korean reality that if there is a government request, it is difficult for companies to decline," said Huh Chang- soo, who heads the energy-to-retail GS Group and is also...

  • By Se Young Lee and Joyce Lee. Still, the head of the GS Group, one of the nine conglomerate bosses summoned to appear at the unprecedented televised hearing, acknowledged that it was hard to say no to the government. "It's a South Korean reality that if there is a government request, it is difficult for companies to decline," said Huh Chang- soo, who heads the...

  • SEOUL, Dec 6- The heads of South Korea's top conglomerates including the Samsung and Lotte Groups were questioned on Tuesday in an unprecedented parliamentary hearing into the political scandal that appears poised to bring down President Park Geun-hye. Samsung Group leader Jay Y. Lee, who sat at the centre of the witness table, said Park had asked him during a...

  • HONG KONG, Dec 6- Fosun International Ltd, China's biggest privately-owned conglomerate, is known globally for its bold dealmaking, including the tenaciously successful pursuit of French resort operator Club Med. In some cases, the internal teams of Chinese corporations far outnumber investment bankers at global banks in Asia. Goldman Sachs, for instance,...

  • MUMBAI, Dec 5- Ousted Tata Sons chairman Cyrus Mistry has reached out to shareholders of six Tata group companies, defending his position and laying out reasons why he should not be removed as director at their upcoming shareholder meetings. In a bitter boardroom coup Mistry was removed as chairman of Tata Sons in October and patriarch Ratan Tata has returned to...

  • *President Park faces impeachment vote on Friday. *Witnesses have combined net worth of $18 billion. SEOUL, Dec 5- The heads of nine of South Korea's top conglomerates controlling revenue equivalent to half the country's economy face an unprecedented televised grilling by lawmakers on Tuesday, as the glare from a widening political scandal falls on Korea Inc..

  • *President Park faces impeachment vote on Friday. *Witnesses have combined net worth of $18 billion. SEOUL, Dec 5- The heads of nine of South Korea's top conglomerates controlling revenue equivalent to half the country's economy face an unprecedented televised grilling by lawmakers on Tuesday, as the glare from a widening political scandal falls on Korea Inc..