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Capital Goods Industrial Conglomerates

  • PARIS, Jan 25- PSA Group will return to India by 2020, the French carmaker said on Wednesday after unveiling a modest production investment with CK Birla Group, the New Delhi- based conglomerate. The deals represent a "major step in PSA Group's worldwide profitable growth," Chief Executive Carlos Tavares said. PSA struck its partnership with the CK Birla Group, with...

  • *If Park ousted, election for successor to take place within 60 days. SEOUL, Jan 25- The woman at the centre of a corruption scandal gripping South Korea angrily protested her innocence on Wednesday, shouting that she had been made to confess as she was forcibly summoned for questioning. The dramatic scenes came as the outgoing chief judge of the Constitutional...

  • *If Park ousted, election for successor to take place within 60 days. SEOUL, Jan 25- The woman at the center of a corruption scandal gripping South Korea angrily protested her innocence on Wednesday, shouting that she had been made to confess as she was forcibly summoned for questioning. The dramatic scenes came as the outgoing chief judge of the Constitutional...

  • PARIS, Jan 25- French carmaker PSA Group on Wednesday unveiled plans to return to the Indian market after striking car and powertrain manufacturing deals with CK Birla Group, a New Delhi- based conglomerate. PSA, maker of Peugeot, Citroen and DS cars, said it will assemble vehicles in the Indian state of Tamil Nadu by 2020 under an initial 100 million euro joint...

  • TORONTO, Jan 24- The oil spill clean up on an aboriginal reserve in western Canada continued on Tuesday as crews prepared to excavate the site to determine the source of the leak, the provincial government said. Tundra, a privately held unit of Canadian grain trading and energy conglomerate James Richardson and Sons Ltd, released a statement saying it is...

  • TOKYO, Jan 24- Toshiba Corp's board will meet on Friday to approve plans to make its chip business a separate company and hopes to raise more than 200 billion yen by selling a 20 percent stake in it, a person with direct knowledge of the matter said. Toshiba Chief Executive Satoshi Tsunakawa told its main creditors of the plans when visiting them earlier on Tuesday,...

  • Jan 23- Former Morgan Stanley executive Greg Fleming has joined asset management firm Axiom Capital Management, according to a regulatory filing, offering the first hint of what his life after Wall Street might look like. Fleming, who was once widely viewed as a possible successor to Morgan Stanley Chief Executive Officer James Gorman, will serve as a...

  • LIMA, Jan 23- The government of Peru said on Monday that it will not compensate an Odebrecht-led consortium for investments made in a $5 billion natural gas pipeline project after it rescinds the contract over a missed financing deadline. Odebrecht S.A., a family-owned engineering conglomerate, is at the center of a growing corruption scandal in Latin America...

  • SEOUL, Jan 23- South Korea's special prosecutor's office said on Monday it plans to investigate other conglomerates after completing its probe of Samsung Group, whose leader has been named a suspect in a graft scandal involving President Park Geun-hye.

  • *Case follows impeachment last month of President Park. SEOUL, Jan 21- South Korean prosecutors arrested the culture minister on Saturday, on suspicion of abuse of power for drawing up a blacklist of artists, writers and entertainers critical of the country's impeached president, Park Geun-hye. Cho, 50, had offered to quit, Yonhap news agency reported, adding that...

  • *Case follows impeachment last month of President Park. SEOUL, Jan 21- South Korean prosecutors arrested the culture minister on Saturday, on suspicion of abuse of power for drawing up a blacklist of artists, writers and entertainers critical of the country's impeached president, Park Geun-hye. Cho, 50, had offered to quit, Yonhap news agency reported, adding that...

  • SEOUL, Jan 21- South Korean prosecutors arrested the culture minister on Saturday for suspected involvement in drawing up a blacklist of artists, writers and entertainers critical of President Park Geun-hye amid a graft scandal that led to her impeachment. South Korea has been gripped by crisis for months, and Park could become the first democratically...

  • SEOUL, Jan 21- South Korean prosecutors arrested the culture minister on Saturday for suspected involvement in drawing up a blacklist of artists, writers and entertainers critical of President Park Geun-hye amid a graft scandal that led to her impeachment. Seoul Central District Court said on Saturday in a text message to reporters that minister Cho was...

  • SEOUL, Jan 21- South Korean prosecutors arrested the culture minister on Saturday for suspected involvement in drawing up a blacklist of artists, writers and entertainers critical of President Park Geun-hye amid a graft scandal that led to her impeachment. Seoul District Court said on Saturday in a text message to reporters that minister Cho was arrested...

  • SEOUL, Jan 21- South Korea's culture minister was arrested on Saturday, suspected of involvement in drawing up a blacklist of artists critical of President Park Geun-hye amid a graft scandal that led to the president's impeachment. Cho Yoon- sun is the first sitting minister ever to be arrested, the special prosecutor's team said. Seoul District Court said on...

  • NEW YORK, Jan 20- American International Group Inc has agreed to pay roughly $10.2 billion to Warren Buffett's Berkshire Hathaway Inc to take on many long-term risks on U.S. commercial insurance policies it has already written. Berkshire's National Indemnity Co unit, led by Buffett's reinsurance chief Ajit Jain, will take on 80 percent of net losses in excess of...

  • Jan 20- General Electric Co is seeking a sharp cut in corporate tax rates under President Donald Trump but is bracing for U.S. sales of medical equipment to suffer if Congress delays changing U.S. healthcare laws. "From a GE perspective, at a minimum, we need to have a corporate tax system where the rate of taxation is commensurate with the OECD average of 21 or 22...

  • LIMA, Jan 20- A consortium controlled by Brazilian builder Odebrecht S.A. will miss a financing deadline on Monday for a natural gas pipeline project in Peru and awaits government notification that it will lose the $5 billion contract, the company said on Friday. Odebrecht, a family-owned conglomerate at the center of a growing bribery scandal in Latin America,...

  • TOKYO, Jan 20- Japan's Toshiba Corp has begun preparations to sell a minority stake in its core chip business, people with knowledge of the matter said, as it urgently seeks funding to avoid being crippled by an upcoming multi-billion dollar writedown. The industrial conglomerate has distributed non-disclosure agreement forms to various funds including...

  • TOKYO, Jan 20- Japan's Toshiba Corp has begun preparations to sell a minority stake in its core chip business, people with knowledge of the matter said, as it urgently seeks funding to help avoid being crippled by an upcoming multi-billion dollar writedown. The industrial conglomerate has distributed non-disclosure agreement forms to various funds...