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Capital Goods Industrial Conglomerates

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  • WASHINGTON, March 27- U.S. economic growth cooled in the fourth quarter as previously reported and after-tax corporate profits recorded their biggest drop since early 2011, as a strong dollar dented the earnings of multinational corporations. Gross domestic product expanded at a 2.2 percent annual rate last quarter, the Commerce Department said on Friday...

  • MUMBAI/ NEW DELHI, March 26- India's top three mobile phone network operators have spent a combined $13.6 billion in a government auction of airwaves to secure almost 80 percent of the spectrum on offer, reinforcing their positions in the world's second-biggest mobile market. Altogether India raised $17.6 billion in the auction after 19 days of fierce bidding,...

  • HONG KONG, March 26- One of Macau's top casino junket operators, a Vietnamese investment group and Hong Kong property-to-jewelry conglomerate Chow Tai Fook Enterprises will team up to develop a $4 billion casino resort in Vietnam, companies involved in the project said. Macau's Suncity confirmed its involvement in the project while VinaCapital confirmed...

  • MUMBAI, March 25- India raised a record $17.6 billion from the sale of mobile phone airwaves in its latest telecom spectrum auction after 19 days of fierce bidding, the country's telecoms minister said on Wednesday. Ravi Shankar Prasad said the government received bids worth almost 1.10 trillion rupees, topping the 1.06 trillion rupees it raised in 2010. The...

  • *Israel withholding $130 million a month in customs, tax income. RAMALLAH, West Bank, March 25- Israel's decision to withhold $130 million a month in revenue collected on behalf of the Palestinians is strangling the economy and leaving the banking system dangerously exposed, the Palestinian central bank governor said on Wednesday. Israel stopped the transfer...

  • MADRID, March 25- Spain's BBVA SA denied having any credit exposure to Indian conglomerate Sahara, just days after the group told a court it had a line of credit from the bank to secure bail for its jailed boss. On Monday, India's Supreme Court gave Sahara three more months to raise bail after the company told the court it had received a line of credit worth 900 million...

  • WASHINGTON, March 24- Dalian Wanda Group, China's biggest commercial real estate conglomerate, is negotiating several acquisitions within the U.S. entertainment sector, Chairman Wang Jianlin said on Tuesday in a videotaped address to the SelectUSA summit.

  • MUMBAI, March 23- India's highest court will decide the future of conglomerate Sahara later on Monday, when it rules on whether time has run out for the controversial business empire to raise the $1.6 billion it needs to free its jailed chief. If it fails to raise the cash, the court could appoint a receiver to auction its assets, which include properties such as New...

  • *India, Thailand most optimistic; China, Singapore least. SHANGHAI, March 18- Concern over a U.S. interest rate hike kept sentiment in check at some of Asia's biggest firms, as optimism about the outlook for business over the next six months was near steady in the first quarter, a Thomson Reuters/ INSEAD survey showed. The Thomson Reuters/ INSEAD Asian Business...

  • MOSCOW, March 17- Russia's top mobile phone operator MTS said on Tuesday its net profit in the fourth quarter of last year dropped almost 92 percent to 1.6 billion roubles, partly hit by foreign exchange losses. MTS, part of the Sistema conglomerate, said it expected total 2015 revenues to rise by more than 2 percent compared to an increase of 3.1 percent last year.

  • March 17- Chinese conglomerate Fosun International Ltd is considering a bid for Cushman& Wakefield Inc, the world's third-largest real estate company, Bloomberg reported, citing sources familiar with the matter. The deal would bring Fosun industry expertise that could help it manage its global real-estate investments and explore new deals, Bloomberg said,...

  • SEOUL/ SINGAPORE, March 17- Singapore Airlines Ltd is in talks to buy a stake in South Korea's largest low-cost carrier Jeju Air Co Ltd, a deal that would be the flag carrier's first foray into North Asia where rising demand from Chinese passengers is fuelling growth. Singapore Airlines and Jeju Air said on Tuesday they were in talks about a possible investment, but...

  • March 16- General Electric Co Chief Executive Officer Jeff Immelt is sticking by his company's model for housing diverse businesses under one roof at a time when other U.S. conglomerates are looking at hiving off units to please investors. In a wide-ranging annual letter to shareholders released on Monday, Immelt details advantages from such scale through...

  • SEOUL, March 16- South Korea's 30 biggest conglomerates will increase investment 16.5 percent in 2015 from a year ago, but will hire fewer new employees due to increased labor costs, business lobby group the Federation of Korean Industries said on Monday. Samsung Group, Hyundai Motor Group and other conglomerates will increase their total investment to 136.4...

  • LONDON, March 13- The euro's slide towards parity with the dollar will provide a much-needed boost for European companies this year and force U.S. rivals to adapt their businesses or risk losing market share. Other companies predicting a tail wind from the around 20 percent drop in the value of the euro over the past six months to $1.06 on Friday include jet...

  • March 12- Activist investor Nelson Peltz told CNBC on Thursday that he was willing to accept two seats on DuPont's board, including one for himself, which is double the number the chemical conglomerate is willing to give his hedge fund. Peltz and Trian Fund Management LP, engaged in a proxy battle with DuPont for the past six months, also want to nominate two people...

  • Canada's Quebecor's adjusted income rises 3.5 pct Wednesday, 11 Mar 2015 | 6:29 AM ET

    March 11- Canadian telecom and media conglomerate Quebecor Inc reported a 3.5 percent rise in quarterly adjusted income, helped by strong demand in its telecommunications and media businesses. Adjusted income from continuing operations rose to C $50.3 million, or 41 Canadian cents per share, in the fourth quarter ended Dec. 31, from C $48.6 million, or 39...

  • KUALA LUMPUR, March 4- Malaysia's indebted and controversy-ridden state investor 1 MDB will be left as a skeletal structure and possibly dissolved under a debt repayment plan in which most of its assets will be sold, sources with direct knowledge of the matter said. The power and property fund, a pet project of Prime Minister Najib Razak with assets worth $14...

  • March 4- Warren Buffett telling the rest of us about the advantages of conglomerates is like Willie Mays arguing for the no-look-over-the-shoulder catch while running full speed. It can happen, and those who do it will command a premium, but your wealth or retirement should not depend upon it. So when Buffett, the man behind Berkshire Hathaway, the world's most...

  • *Honeywell to invest 50 bln naira in flourmill unit. LAGOS, March 2- Nigerian conglomerate Honeywell group plans to invest 150 billion naira over the next 2-3 years to fund growth across its businesses and will list one or two subsidiaries on the local bourse, its chairman said. Oba Otudeko told the Reuters Africa Investment Summit on Monday that Honeywell, with...