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Capital Goods Industrial Conglomerates

  • TOKYO, May 15- Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. A legal battle could delay or put an end to the auction that could fetch some $18 billion and has attracted suitors such as...

  • TOKYO, May 15- Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. California- based Western Digital is a long-standing joint venture partner in Toshiba's main semiconductor plant in...

  • TOKYO, May 15- Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. California- based Western Digital is a long-standing joint venture partner and runs Toshiba's main semiconductor plant...

  • MUMBAI, May 12- Indian conglomerate Piramal Enterprises said it is looking to expand its real estate development business and also expects to have a licence to start providing home mortgages by July. The Mumbai- based group, whose interests range from pharmaceuticals to financial services and real estate financing in India's big cities, said it now plans to...

  • French tycoon Vincent Bollore took a first step on Thursday in his attempt to merge media giant Vivendi and advertising company Havas, two groups he controls through his family-run conglomerate.

  • PARIS, May 11- French tycoon Vincent Bollore took a first step on Thursday in his attempt to merge media giant Vivendi and advertising company Havas, two groups he controls through his family-run conglomerate. Vivendi said it was making an offer to buy Group Bollore's 60 percent stake in advertising group Havas for 9.25 euros a share, a premium of 8.8 percent over...

  • *Q1 net profit $253 mln vs forecast $199 mln. Last year, new CEO Soren Skou announced plans to focus on transport, while seeking alliances or a separate listing for its energy division. Although higher fuel costs saw Maersk Line report a loss of $66 million in the first quarter, Skou said demand had been better than expected and the group's forecast for 2-4 percent...

  • *Q1 net profit beats forecast. COPENHAGEN, May 11- Danish shipping and oil group A.P. "Whilst we cannot be satisfied with the overall profitability in the first quarter, the result is as expected and we reiterate our guidance for the year for the group," Chief Executive Soren Skou said in a statement.

  • TOKYO, May 9- Toshiba Corp has told Western Digital Corp not to interfere in the sale of its prized chip unit, rejecting claims it has breached a joint venture contract and threatening legal action. Chief Executive Steve Milligan is currently visiting Japan to press its case. But in a May 3 letter sent by Toshiba's lawyers, the TVs-to-nuclear conglomerate...

  • *China's HNA now Deutsche Bank's largest shareholder. FRANKFURT, May 9- China is welcome to invest in German financial firms, Germany's top market watchdog said after Chinese conglomerate HNA Group raised its stake in Deutsche Bank. An acquisition spree by HNA reflects a broader Chinese push into financial services as Beijing encourages its corporate sector...

  • TOKYO, May 9- Toshiba Corp has told Western Digital Corp not to interfere in the sale of its prized chip unit, rejecting claims it has breached a joint venture contract and threatening legal action. Chief Executive Steve Milligan is currently visiting Japan to press its case. But in a May 3 letter sent by Toshiba's lawyers, the TVs-to-nuclear conglomerate...

  • TOKYO, May 9- Toshiba Corp has told Western Digital Corp not to interfere with the sale of its prized chip unit, disputing claims by the U.S. firm that it had breached a joint venture contract. In a May 3 letter sent by Toshiba's lawyers, the Japanese conglomerate disputed Western Digital's argument and said it would pursue all available remedies if it saw continued...

  • DUBAI, May 8- Shares of builder Drake& Scull rose in the final hour of trade on Monday as retail investors reacted to some potentially positive news from the company, while the region recovered some of the previous session's losses. DSI, which fell by a little more than 5 percent earlier in the session, closed 0.8 percent higher after chief executive Wael Allan told...

  • SINGAPORE, May 8- Southeast Asia- focused e-commerce startup Garena Interactive Holding Ltd renamed itself Sea Ltd on Monday and said it had raised $550 million to expand in key markets such as Indonesia. Investors in Sea's fundraising round included Farallon Capital Management, Hillhouse Capital, Indonesia's GDP Venture and Philippine conglomerate JG...

  • *Tencent investment in Netmarble has quadrupled to $2 bln. SEOUL, May 8- When mobile gaming firm Netmarble Games debuts on Friday, its founder Bang Jun-hyuk will be the only billionaire in South Korea's top-10 wealthiest stock holders with no ties to the chaebol, the mainly family-owned industrial conglomerates that dominate Asia's fourth-largest economy.

  • OMAHA, Neb., May 6- Berkshire Hathaway Inc shareholders on Saturday rejected a proposal to have the conglomerate run by Warren Buffett disclose its political contributions twice a year. The billionaire nonetheless expressed sympathy for the proposal at Berkshire's annual meeting, expressing strong opposition to the U.S. Supreme Court's 2010 decision in the...

  • May 6- Billionaire investor Warren Buffett and Berkshire Hathaway Vice Chairman Charlie Munger are answering five hours of questions from shareholders, journalists and analysts at Berkshire's 52nd annual meeting in Omaha, Nebraska. Below are a few of the comments from Buffett, the "Oracle of Omaha," on a wide range of topics:. CHARLIE MUNGER ON PUERTO RICO.

  • May 6- Billionaire investor Warren Buffett and Berkshire Hathaway Vice Chairman Charlie Munger are answering five hours of questions from shareholders, journalists and analysts at Berkshire's 52nd annual meeting in Omaha, Nebraska. The weekend known as "Woodstock for Capitalists" is unique in corporate America, a celebration of the billionaire's image and...

  • OMAHA, Neb., May 6- Warren Buffett on Saturday faulted Wells Fargo& Co for failing to stop employees from signing up customers for bogus accounts even after learning it was happening, causing a national scandal. Wells Fargo, whose largest shareholder is Berkshire with a 10 percent stake worth $27 billion, gave employees too much autonomy to engage in "cross-selling"...

  • May 6- Billionaire investor Warren Buffett and Berkshire Hathaway Vice Chairman Charlie Munger are answering five hours of questions from shareholders, journalists and analysts at Berkshire's 52nd annual meeting in Omaha, Nebraska. The weekend known as "Woodstock for Capitalists" is unique in corporate America, a celebration of the billionaire's image and...