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Capital Goods Industrial Conglomerates

  • SAO PAULO, April 6- Votorantim SA will focus on keeping debt metrics stable while completing key investment projects this year to help Brazil's largest diversified industrial conglomerate return to profit amid a challenging outlook, Chief Executive Officer João Miranda said on Thursday. In an interview to discuss annual results, Miranda told Reuters...

  • *OPEC trying to help market rebalance, ease oversupply. LONDON, April 6- The jury is still out on whether OPEC can rein in a global oil glut but top commodity traders are betting it can by selling stakes in storage tank businesses that profited from oversupply. The five top traders, who also include Mercuria and Trafigura, expect OPEC to extend output cuts into the...

  • SEOUL, April 5- South Korea's CJ Corp said on Wednesday it is considering entering a bid for L'Oreal SA's brand The Body Shop. CJ Corp, the holding company for food-to-entertainment conglomerate CJ Group, said in a regulatory filing nothing had been decided, including whether it would enter a bid or what unit might launch any potential bid. L'Oreal's sale of...

  • *Asks creditors to give their agreement by April 14. TOKYO, April 4- Toshiba Corp asked creditor banks for a new loan and offered as collateral a stake in its memory chip unit that is being split off, sources said, underlining the firm's growing financial woes as it braces for a multi-billion dollar loss. The TVs-to-construction Japanese conglomerate expects to...

  • SEOUL, April 3- South Korea's Lotte Group will continue to invest in its China business despite diplomatic tensions over the deployment of a U.S. missile defence system, a Lotte executive said on Monday, denying rumours it wants to scale back there. Terminal High Altitude Area Defense missile system outside Seoul. South Korea and its ally the United States say the...

  • SEOUL, April 3- South Korea's Lotte Group will continue to invest in its China business despite diplomatic tensions over the deployment of a U.S. missile defence system, a Lotte executive said on Monday, denying rumours it wants to scale back its China operations. South Korea and its ally the United States say the system is designed to thwart nuclear-armed North...

  • TOKYO, April 3- Shares in Toshiba Corp tumbled on Monday after sources told Reuters that the troubled Japanese conglomerate would likely miss a third deadline to report its quarterly business results. A third postponement of the October-December earnings, currently due on April 11, looks necessary because Toshiba's auditor, PricewaterhouseCoopers Aarata...

  • TOKYO, April 1- Toshiba Corp will likely miss a third deadline to report its quarterly business results, two sources told Reuters, forcing the Japanese conglomerate to ask for a fresh extension or face a possible delisting from the Tokyo Stock Exchange. A third postponement of the October-December earnings, past the latest deadline of April 11, looks necessary...

  • *Westinghouse bankruptcy could prompt mergers in Japan. *Three players compete for nuclear business in Japan. While this has been moribund since the 2011 Fukushima disaster, Japan still has dozens of reactors that need to be maintained and supplied with parts and fuel once operating.

  • March 30- Cross-border M&A had its strongest start since 2007, driving first-quarter global volumes up 7 percent, as optimism over U.S. The biggest deal since the start of the year was U.S. healthcare and consumer conglomerate Johnson& Johnson's $30 billion agreement in January to acquire Swiss biotechnology firm Actelion Ltd.. Anglo-Dutch consumer goods...

  • SEOUL, March 31- A South Korean court on Friday approved a warrant to arrest ousted president Park Geun-hye, the country's first democratically elected leader to be thrown out of office, on accusations of bribery and abuse of power. A judge at the Seoul Central District Court said in a statement that "the cause and the need for the warrant are recognized as the main...

  • SEOUL, March 31- A South Korean court on Friday approved a warrant to arrest ousted president Park Geun-hye, the country's first democratically elected leader to be thrown out of office, on accusations of bribery and abuse of power. A judge at the Seoul Central District Court said in a statement that "the cause and the need for the warrant are recognized as the main...

  • SAO PAULO, March 30- Odebrecht SA, the family-controlled engineering conglomerate ensnared in Brazil's worst corruption scandal ever, is considering going public once it finalizes a thorough overhaul of corporate governance practices, a senior executive told Reuters on Thursday. Odebrecht is the largest of Brazilian building groups accused of colluding...

  • *Toshiba wants to raise at least $9 bln from chip unit sale. Chiba, JAPAN, March 30- Toshiba Corp shareholders agreed to split off its prized NAND flash memory unit on Thursday, paving the way for a sale to raise at least $9 billion to cover U.S. nuclear unit charges that threaten the conglomerate's future. Coming a day after Westinghouse filed for bankruptcy, the...

  • *Toshiba hopes to raise at least $9 bln from chip unit sale. TOKYO, March 30- Toshiba Corp's shareholders on Thursday approved a proposal to split off the Japanese company's prized NAND flash memory unit, paving the way for a sale of a majority stake or even all of the business. It hopes to raise at least $9 billion and the company has said it believes the unit will be...

  • NEW YORK, March 29- Westinghouse Electric Co's financial distress sparked a feeding frenzy among Wall Street lenders keen to give the nuclear developer a lifeline while it reorganizes in bankruptcy, according to court papers and people familiar with the matter. Westinghouse, the nuclear arm of Japanese conglomerate Toshiba, filed for Chapter 11 bankruptcy...

  • *Westinghouse secures $800 mln in debtor-in-possession financing. WILMINGTON, DEL./ TOKYO, March 29- Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp, filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. The four reactors are part of two projects known as V.C....

  • March 29- If utilities in Georgia or South Carolina decide not to complete nuclear power reactors under construction by Westinghouse Electric Co following its bankruptcy, those units would join a long list of abandoned U.S. nuclear projects. Westinghouse, a unit of Japanese conglomerate Toshiba Corp, is building two reactors for Georgia Power and partners at...

  • *Westinghouse secures $800 mln in debtor-in-possession financing. WILMINGTON, DEL./ TOKYO, March 29- Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp, filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Westinghouse and affiliates intend to use bankruptcy...

  • March 29- Brokerage Cowen Group Inc's shares surged 19 percent on Wednesday after Chinese conglomerate CEFC China said it agreed to acquire a stake of about 20 percent in the U.S. company for $100 million. The deal, the latest in a series of investments by Chinese firms in U.S. companies, will also give the CEFC the right to appoint three directors to the New York-...