Capital Goods Industrial Conglomerates


  • *Toshiba overstated profits by $1.3 bln going back to 2008/ 09. TOKYO, Sept 7- Japan's Toshiba Corp booked a net loss for the past financial year and pledged a bold restructuring, raising hopes it was finally moving beyond a $1.3 billion accounting scandal. Shares in Toshiba rose 1.8 percent on Monday, but they are still down around 30 percent since its accounting...

  • TOKYO, Sept 7- Japanese stocks eked out small gains on Monday after bouncing back from a seven-month low in choppy trade, driven mostly by moves in Chinese shares. Toyota Motor Corp. and Honda Motor Co. each gained 1.2 percent. Toshiba Corp. shares gained 1.8 percent after the electronics conglomerate released its twice-delayed earnings for the last fiscal...

  • *Toshiba overstated profits by $1.3 bln going back to 2008/ 09. TOKYO, Sept 7- Japan's Toshiba Corp booked a net loss for the past financial year and pledged to improve governance with a revamped board of directors, raising hopes it was finally moving beyond a $1.3 billion accounting scandal. Shares in Toshiba jumped 4.9 percent by the end of morning trade, but they...

  • BERLIN, Sept 4- Philips Electronics will emerge from its radical transition away from the lighting industry as a more profitable company focused on consumer healthcare, the head of the group's Personal Health business told Reuters. The Dutch conglomerate, which is shedding its lighting business and LED components operation, aims to tap a growing market for...

  • WARSAW, Aug 25- Polish banks' foreign owners plan to seek compensation for any losses incurred by their operations from a bill on Swiss franc-denominated mortgages, according to letters they sent to Poland's Senate. On Tuesday, the Senate published letters it had received from U.S. conglomerate General Electric and Germany's Commerzbank, owners of Poland's...

  • *Nishida aimed to head Japan's business lobby. TOKYO, Aug 25- Tom Scott, a former U.S. executive at Toshiba Corp, remembers his former boss Atsutoshi Nishida as an aggressive leader who could motivate staff but also rattle them with tough sales targets and an occasional dressing down. Now his, and other executives' management style is at the center of questions over...

  • *Bharti Airtel, Vodafone, Idea given provisional nod for payments bank. MUMBAI, Aug 19- India's leading mobile phone network operators Bharti Airtel Ltd and Vodafone India are among the 11 companies selected by the country's central bank to help set up "payments banks," aimed at granting millions of citizens access to basic banking. Energy-to-telecoms...

  • UPDATE 1-NBCUniversal invests $200 mln in BuzzFeed Tuesday, 18 Aug 2015 | 9:26 AM ET

    Aug 18- Comcast Corp's NBCUniversal said on Tuesday it had invested $200 million in online publisher BuzzFeed, the latest move by the media conglomerate to tap into a younger audience. NBCUniversal invested $200 million last week in Vox Media, owner of tech-focused websites The Verge and Re/code. Venture capital firm Andreessen Horowitz invested $50 million...

  • Earnings at Buffett’s Berkshire Hathaway fall 10% Friday, 7 Aug 2015 | 5:43 PM ET
    Warren Buffett

    Berkshire Hathaway's operating earnings were hurt by a $38 million loss for its insurance underwriting businesses.

  • UTX cuts outlook on aerospace, elevator pressures Tuesday, 21 Jul 2015 | 9:17 AM ET
    An attendee looks at a Pratt & Whitney, a unit of United Technologies Corporation, aircraft engine stands on display during the China International Aviation & Aerospace Exhibition in Zhuhai, Guangdong province, China, Nov. 11, 2014.

    United Technologies cut its full-year profit outlook on Tuesday as it warned of pressures in its aerospace systems and Otis elevators businesses.

  • Toshiba says to mark down reported profit for 3 years Wednesday, 13 May 2015 | 9:28 PM ET

    Toshiba is likely to mark down three fiscal years of profit by at least $419.43 million in total after an internal probe into accounting irregularities.

  • GE mulls concessions to win approval of Alstom deal Tuesday, 12 May 2015 | 3:24 AM ET
    GE General Electric

    General Electric said it would be willing to consider concessions in order to win European approval to acquire the power equipment unit of Alstom.

  • Buffett hits back at Clayton Homes lending gripes Saturday, 2 May 2015 | 7:40 PM ET
    Warren Buffett and Bill Gates make their way to the Berkshire Hathaway Annual Shareholder's Meeting in Omaha, Nebraska on May 2, 2015.

    Warren Buffett unapologetically defended Clayton Homes on Saturday from accusations of predatory lending.

  • Berkshire too big? Don't be silly, Buffett says Saturday, 2 May 2015 | 4:32 PM ET
    Warren Buffett at the Berkshire Hathaway Annual Shareholder's Meeting in Omaha Nebraska on May 2, 2015.

    Warren Buffett rejected the idea that Berkshire is so big that it is now too big to fail and requires tighter regulatory oversight.

  • 3M earnings, revenue fall short of estimates Thursday, 23 Apr 2015 | 7:47 AM ET

    3M delivered quarterly earnings and revenue that fell short of analysts' expectations on Thursday.

  • Vivendi confirms offer for Dailymotion Tuesday, 7 Apr 2015 | 11:13 AM ET

    Vivendi has confirmed an offer to Orange, the former France Telecom, for the online video sharing platform Dailymotion.

  • United Tech cuts 2015 forecasts on currency worries Tuesday, 27 Jan 2015 | 12:24 PM ET
    United Technologies

    United Technologies cut its full-year outlook because of the negative impact of a stronger dollar as the U.S. conglomerate reported higher earnings.

  • Trian's Peltz escalates campaign to break up DuPont Friday, 9 Jan 2015 | 8:12 AM ET
    Nelson Peltz

    Activist investor Nelson Peltz stepped up his fight to break up the company, as his Trian Fund nominated himself and three other members to the board.

  • Loews profit drops on lower investment income Monday, 3 Nov 2014 | 8:12 AM ET

    Hotel, energy and financial services conglomerate Loews reported a 26 percent drop in quarterly profit, partly due to lower investment income.

  • Siemens near deal to buy Dresser-Rand: Sources Sunday, 21 Sep 2014 | 4:18 PM ET
    At the Siemens plant in Sacramento, Calif., Michael Cahill of Siemens and Myles Tobin of All Aboard Florida tour a locomotive under construction.

    The German industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group for all cash