×

Capital Goods Industrial Conglomerates

  • FRANKFURT, May 2- Chinese conglomerate HNA Group has become Deutsche Bank's biggest direct shareholder, upping its stake in the flagship lender of Europe's top economy to just under 10 percent, according to a U.S. regulatory filing. It comes at a time of heightened uncertainty at the bank, as it grapples with a strategic turnaround, an uncertain global economy and...

  • May 3- As the United States adapts to the presidency of Donald Trump and faces rising tensions abroad, Berkshire Hathaway Inc shareholders will descend on Omaha, Nebraska this weekend seeking reassurance, from Warren Buffett. The weekend known as " Woodstock for Capitalists" is unique in corporate America, a celebration of the billionaire's image and success at...

  • FRANKFURT, May 2- Chinese conglomerate HNA Group has raised its stake in Deutsche Bank to 9.9 percent, a source close to Germany's flagship lender said on Tuesday. The move was first reported by Bloomberg on Tuesday. The moves reflect a broader push by China into financial services globally as Beijing encourages its corporate sector to expand overseas, although...

  • LONDON, May 2- Commodities trader Vitol has agreed to buy an 85,000 barrel per day condensate splitter in the Netherlands from Koch Supply and Trading, a subsidiary of U.S. conglomerate Koch Industries, Vitol said in a statement on Tuesday. Its acquisition will enhance our offering to our customers across the region, " Russell Hardy, Vitol CEO for Europe, Middle East...

  • *Japan Post wrote down $3.6 bln of $4.9 bln Toll purchase. TOKYO/ SYDNEY, May 2- In February 2015, bankers working on Japan's biggest IPO in three decades woke to news that left them shaken. Just months ahead of its listing, state-owned Japan Post Holdings Co was buying Australian logistics firm Toll Holdings for A $6.5 billion, leaving underwriters scrambling to...

  • *Japan Post wrote down $3.6 bln of $4.9 bln Toll purchase. TOKYO/ SYDNEY, May 2- In February 2015, bankers working on Japan's biggest IPO in three decades woke to news that left them shaken. Just months ahead of its listing, state-owned Japan Post Holdings Co was buying Australian logistics firm Toll Holdings for A $6.5 billion, leaving underwriters scrambling to...

  • The Seattle- based company wowed Wall Street again this week with a 23 percent jump in sales, pushing its shares to an all-time high. "High growth covers a lot of sins," said Harry Kraemer, a partner at private equity firm Madison Dearborn Partners and a professor at Northwestern University's Kellogg School of Management. "It's not like General Electric Co having...

  • *Companies also expanding manufacturing in Egypt to export. Like other big manufacturers in Egypt, the global food and beverage giant is sourcing more of its raw materials locally to keep a lid on costs and limit price rises as consumers struggle with food inflation running at above 40 percent. The cost of imports has soared in Egypt since the country abandoned...

  • *Companies also expanding manufacturing in Egypt to export. Like other big manufacturers in Egypt, the global food and beverage giant is sourcing more of its raw materials locally to keep a lid on costs and limit price rises as consumers struggle with food inflation running at above 40 percent. The cost of imports has soared in Egypt since the country abandoned...

  • WASHINGTON, April 26 (Reuters)- Public pension funds in at least seven U.S. states have invested millions of dollars in an investment fund that owns a New York hotel and pays one of President Donald Trump's companies to run it, according to a Reuters review of public records. The Trump SoHo Hotel and Condominium in Manhattan is an upscale 46- story property owned by a...

  • WASHINGTON, April 26- Public pension funds in at least seven U.S. states have invested millions of dollars in an investment fund that owns a New York hotel and pays one of President Donald Trump's companies to run it, according to a Reuters review of public records. The White House referred comment to the Trump Organization, the parent conglomerate for Trump's...

  • TOKYO, April 26- Toshiba Corp, the troubled Japanese conglomerate, wants to replace auditor PricewaterhouseCoopers Aarata to resolve an impasse over full-year earnings and remain listed, two sources briefed on the matter said. Ernst& Young ShinNihon LLC, its auditor at the time, was fined for failing to spot irregularities. Toshiba and its auditor have been at...

  • TOKYO, April 26- Toshiba Corp has decided to replace its auditor after less than a year as the troubled electronics conglomerate struggles to win its approval on full-year financial statement, the Nikkei business daily reported. Earlier this month, the company filed twice-delayed business results without an endorsement from auditor...

  • SANTIAGO, April 25- General Electric Co is in talks with an independent energy producer to make a significant move into wind power in Chile, two people with knowledge of the process told Reuters, as the conglomerate expands its global renewable footprint. GE is in talks to provide turbines for wind farms to be developed by Ireland's Mainstream Renewable Power...

  • PARIS, April 25- French tycoon Vincent Bollore said on Tuesday that he had received the go-ahead from European authorities on the fact that he now has' sole control', via his family-run conglomerate, of media giant Vivendi. This means that Bollore, who is Vivendi's biggest shareholder and chairman, is in place to get a majority position at the group's shareholder...

  • *Agreed Akorn bid of $34 per share. FRANKFURT, April 24- German healthcare conglomerate Fresenius SE& Co KGaA revved up the pace of its deals by acquiring U.S. generic drugmaker Akorn Inc for $4.75 billion, and in a separate agreement, the biosimilars unit of German peer Merck KGaA. A lot has been done in that area in the recent past, "Fresenius Chief Executive Stephan...

  • FRANKFURT, April 24- Acquisitive German healthcare conglomerate Fresenius SE& Co KGaA revved up its deals pace by acquiring U.S. generic drugmaker Akorn Inc for $4.75 billion, and in a separate deal, the biosimilars unit of German peer Merck KGaA. In a transaction that has the backing of Akorn's management, Fresenius will pay $34 per share and take on Akorn's net...

  • April 24- German healthcare conglomerate Fresenius SE& Co KGaA is close to acquiring generic drugmaker Akorn Inc in an all-cash deal valuing the company at more than $4 billion, people familiar with the matter said on Monday. The deal values Akorn in the region of $33 to $35 per share, said the sources. Akorn shares were hovering around $32 on Monday afternoon in New...

  • BRASILIA, April 23- The Brazilian government may increase the corruption fine that engineering conglomerate Odebrecht agreed to pay in a multi-billion dollar leniency deal signed last year, newspaper Folha de S.Paulo reported on Sunday. Odebrecht, once Latin America's biggest builder, struck a deal with Brazil, the United States and Switzerland in December...

  • BRASILIA, April 23- The Brazilian government may increase the corruption fine that engineering conglomerate Odebrecht agreed to pay in a multi-billion dollar leniency deal signed last year, newspaper Folha de S.Paulo reported on Sunday. Odebrecht, once Latin America's biggest builder, struck a deal with Brazil, the United States and Switzerland in December...