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Capital Goods Industrial Conglomerates

  • General Electric Chairman and Chief Executive Officer Jeffrey Immelt

    JPMorgan doubts that an early retirement by CEO Jeff Immelt will change GE's sluggish growth story.

  • HONG KONG, March 10- Chinese conglomerate HNA Group would like to increase its stake of 3 percent in Germany's Deutsche Bank, two sources with knowledge of the matter told Reuters. Representatives of HNA and Deutsche Bank declined to comment. HNA purchased a 3.04 percent stake in the German lender last month, making it the bank's third-biggest shareholder after...

  • *Nigeria tries to end rice imports to save dollars. GADAU, Nigeria, March 9- Nigerian Abdulhakim Mohammed has just graduated in architecture but, like many people ranging from unemployed locals to foreign investors and Africa's richest man, he has decided the future lies in rice farming. And yet the drive to cut an annual food import bill of $20 billion has run into...

  • BEIJING/ HONG KONG, March 10- After a spending spree stretching from hotels to electronics distribution in 2016, Chinese conglomerate HNA Group says it is now investing in financial services, betting on asset managers and consumer finance for growth at home and overseas. The moves reflect a broader push by China into financial services globally as Beijing...

  • *Toshiba has March 14 deadline to published audited Q3. TOKYO, March 10- Toshiba Corp's Westinghouse unit needs to decide by the end of the month whether to file for Chapter 11 bankruptcy so the Japanese conglomerate can compile audited third-quarter earnings without further delays, Japan's Finance Minister said on Friday. If it misses that date, it has eight...

  • FRANKFURT/ HONG KONG, March 9- China's Shanghai Fosun Pharmaceutical is planning a bid for German generic drugmaker Stada, already the centre of a 3.6 billion euro takeover battle between two private equity consortia, two people close to the matter said. Fosun Pharma is also holding early-stage talks with buyout funds including CVC about a potential joint bid,...

  • *Nigeria tries to end rice imports to save dollars. GADAU, Nigeria, March 9- Nigerian Abdulhakim Mohammed has just graduated in architecture but, like many people ranging from unemployed locals to foreign investors and Africa's richest man, he has decided the future lies in rice farming. And yet the drive to cut an annual food import bill of $20 billion has run into...

  • SEOUL, March 9- The leader of South Korea's Samsung Group conglomerate, Jay Y. Lee, on Thursday denied all of a special prosecutor's charges against him, his lawyer said at the opening of a hearing against him. Lee, who is being detained at Seoul Detention Centre, was not in attendance. Among the charges against Lee, 48, are pledging bribes to a company and organisations...

  • March 8- David Nason, a General Electric executive and former Treasury Department official, has told the White House that he was no longer interested in taking up the role of Federal Reserve's bank supervision chief, Bloomberg reported. Nason, who heads GE's Energy Financial Services division, said he plans to pursue opportunities at the conglomerate,...

  • DUBLIN, March 6- Packaging conglomerate Ardagh Group launched a long-awaited initial public offering late on Monday, as it sought to raise as much as $370 million by floating around 7 percent of the company on the New York Stock Exchange. The Luxembourg- based supplier of glass and metal containers, controlled by Irish billionaire Paul Coulson, has announced- and...

  • NEW YORK, Feb 27- Warren Buffett, chairman and chief executive of Berkshire Hathaway Inc, told CNBC on Monday that his conglomerate had purchased "70 million plus" shares of Apple Inc in 2017 and that U.S. stocks were not in "bubble territory." Berkshire revealed in its annual report on Saturday that its massive stake in Apple stock, as of Dec. 31, had risen to 61.2 million...

  • *Samsung Group repeats it did not bribe president. SEOUL, March 6- South Korean President Park Geun-hye colluded with a friend to take bribes from Samsung Group aimed at cementing Samsung Chief Jay Y. Lee's control of the conglomerate, the special prosecutor's office said on Monday, paving the way for Park to be prosecuted if removed from office.

  • *Samsung Group repeats it did not bribe president. SEOUL, March 6- South Korea's President Park Geun-hye colluded with her friend Choi Soon- sil to receive bribes from Samsung Group aimed at cementing Samsung Chief Jay Y. Lee's control of the conglomerate, the special prosecutor's office said on Monday. "Samsung Group vice chairman Lee Jae-yong colluded with...

  • SEOUL, March 6- South Korea's President Park Geun-hye colluded with her friend Choi Soon- sil to receive bribes from Samsung Group aimed at cementing Samsung Chief Jay Y. Lee's control of the company, a special prosecutor said in a statement on Monday. In a statement detailing the findings of its investigation, the special prosecutor's office said the National...

  • SHANGHAI, March 3- South Korean firms are being squeezed in China, in suspected retaliation for Seoul's deployment of a U.S. missile defence system, highlighting the tools China can deploy to hit back at the corporate interests of trade partners it disagrees with. Beijing is furious over a joint plan by South Korea and the United States to set up the Terminal High...

  • SANTIAGO, March 1- Chilean police raided the offices of Brazil's Odebrecht in capital Santiago on Wednesday, as part of a widening investigation into bribes paid by the conglomerate on construction projects across Latin America. There were "certain people that we want to talk to in respect of events that may have occurred in Chile that could eventually be...

  • SANTIAGO, March 1- Chilean police raided the offices of Brazil's Odebrecht in capital Santiago on Wednesday, as part of a widening investigation into bribes paid by the conglomerate on construction projects across Latin America. There were "certain people that we want to talk to in respect of events that may have occurred in Chile that could eventually be...

  • SANTIAGO, March 1- Chilean police raided the offices of Brazil's Odebrecht in capital Santiago on Wednesday, as part of a widening investigation into bribes paid by the conglomerate on construction projects across Latin America. There were "certain people that we want to talk to in respect of events that may have occurred in Chile that could eventually be...

  • SANTIAGO, March 1- Chilean police raided the offices of Brazil's Odebrecht in capital Santiago on Wednesday, as part of a widening investigation into bribes paid by the conglomerate on construction projects across Latin America. There were "certain people that we want to talk to in respect of events that may have occurred in Chile that could eventually be...

  • BERLIN, March 1- The local government owner of German airport Hahn has decided to sell the loss-making airport in western Germany to acquisitive Chinese conglomerate HNA, it said on Wednesday. The previous bidder, also from China, had wanted to use Hahn, around 120 kilometres from Frankfurt, as a base for food exports from Germany to Asia, as well as boost passenger...