Capital Goods Industrial Conglomerates

  • FRANKFURT, Dec 8- Technical trade secrets were stolen from the steel production and manufacturing plant design divisions of ThyssenKrupp AG in cyber attacks earlier this year, the German company said on Thursday. ThyssenKrupp, one of the world's largest steel makers, attributed the breaches to unnamed attackers located in southeast Asia engaged in what it...

  • LONDON, Dec 7- These days the average researcher at Philips is more likely to be a software developer than an product engineer, reflecting a transformation at the former Dutch conglomerate that its chief executive says will gather pace. "M&A will play a more active role," van Houten said during a visit to London, highlighting informatics, diagnostics, patient...

  • SEOUL, Dec 6- South Korean President Park Geun-hye, engulfed in an influence peddling scandal, said if she was impeached she would wait for a court to uphold the decision, a party official said on Tuesday, a sign a political crisis could drag on for months. Separately, South Korea's most prominent corporate chiefs told a parliamentary panel they had not sought...

  • SEOUL, Dec 6- South Korean President Park Geun-hye, engulfed in an influence peddling scandal, said if she was impeached she would wait for a court to uphold the decision, a party official said on Tuesday, a sign a political crisis could drag on for months. Separately, South Korea's most prominent corporate chiefs told a parliamentary panel they had not sought...

  • Still, the head of the GS Group, one of the nine conglomerate bosses summoned to appear at the unprecedented televised hearing, acknowledged that it was hard to say no to the government. "It's a South Korean reality that if there is a government request, it is difficult for companies to decline," said Huh Chang- soo, who heads the energy-to-retail GS Group and is also...

  • Still, the head of the GS Group, one of the nine conglomerate bosses summoned to appear at the unprecedented televised hearing, acknowledged that it was hard to say no to the government. "It's a South Korean reality that if there is a government request, it is difficult for companies to decline," said Huh Chang- soo, who heads the energy-to-retail GS Group and is also...

  • On the second day of the Shenzhen- Hong Kong stock link, Shenzhen- listed shares continued to outperform, with Shenzhen benchmark index ending up 0.2 percent. Piling up the pressure, the country's insurance regulator said it has taken regulatory measures against Foresea Life, a unit of Chinese financial conglomerate Baoneng Group, and Evergrande Insurance, a...

  • Still, the head of the GS Group, one of the nine conglomerate bosses summoned to appear at the unprecedented televised hearing, acknowledged that it was hard to say no to the government. "It's a South Korean reality that if there is a government request, it is difficult for companies to decline," said Huh Chang- soo, who heads the energy-to-retail GS Group and is also...

  • By Se Young Lee and Joyce Lee. Still, the head of the GS Group, one of the nine conglomerate bosses summoned to appear at the unprecedented televised hearing, acknowledged that it was hard to say no to the government. "It's a South Korean reality that if there is a government request, it is difficult for companies to decline," said Huh Chang- soo, who heads the...

  • SEOUL, Dec 6- The heads of South Korea's top conglomerates including the Samsung and Lotte Groups were questioned on Tuesday in an unprecedented parliamentary hearing into the political scandal that appears poised to bring down President Park Geun-hye. Samsung Group leader Jay Y. Lee, who sat at the centre of the witness table, said Park had asked him during a...

  • HONG KONG, Dec 6- Fosun International Ltd, China's biggest privately-owned conglomerate, is known globally for its bold dealmaking, including the tenaciously successful pursuit of French resort operator Club Med. In some cases, the internal teams of Chinese corporations far outnumber investment bankers at global banks in Asia. Goldman Sachs, for instance,...

  • MUMBAI, Dec 5- Ousted Tata Sons chairman Cyrus Mistry has reached out to shareholders of six Tata group companies, defending his position and laying out reasons why he should not be removed as director at their upcoming shareholder meetings. In a bitter boardroom coup Mistry was removed as chairman of Tata Sons in October and patriarch Ratan Tata has returned to...

  • *President Park faces impeachment vote on Friday. *Witnesses have combined net worth of $18 billion. SEOUL, Dec 5- The heads of nine of South Korea's top conglomerates controlling revenue equivalent to half the country's economy face an unprecedented televised grilling by lawmakers on Tuesday, as the glare from a widening political scandal falls on Korea Inc..

  • *President Park faces impeachment vote on Friday. *Witnesses have combined net worth of $18 billion. SEOUL, Dec 5- The heads of nine of South Korea's top conglomerates controlling revenue equivalent to half the country's economy face an unprecedented televised grilling by lawmakers on Tuesday, as the glare from a widening political scandal falls on Korea Inc..

  • BRASILIA, Dec 2- Engineering conglomerate Odebrecht took out full-page advertisements in Brazil's main newspapers on Friday to apologize to Brazilians for its involvement in the country's biggest ever corruption scandal. More than 70 of its executives, including family patriarch and Chairman Emilio Odebrecht and his jailed son and former CEO Marcelo...

  • BRASILIA, Dec 2- Engineering conglomerate Odebrecht took out full-page advertisements in Brazil's main newspapers on Friday to apologize to Brazilians for its involvement in the country's biggest ever corruption scandal. More than 70 of its executives, including family patriarch and Chairman Emilio Odebrecht and his jailed son and former CEO Marcelo...

  • BRASILIA, Dec 2- Engineering conglomerate Odebrecht took out full-page advertisements in Brazil's main newspapers on Friday to apologize to Brazilians for its involvement in the country's biggest ever corruption scandal. More than 70 of its executives, including family patriarch and chairman Emilio Odebrecht and his jailed son and former CEO Marcelo...

  • BRASILIA, Dec 2- Engineering conglomerate Odebrecht took out full-page advertisements in Brazil's main newspapers on Friday to apologize to Brazilians for its involvement in the country's biggest ever corruption scandal. More than 70 of its executives, including founding patriarch Marcelo Odebrecht and his jailed son and former CEO Marcelo Odebrecht,...

  • *Blackstone, KKR and Carlyle among bidders-Money Today. SEOUL, Dec 2- SK Holdings Co said it submitted a non-binding bid to buy South Korea's second-biggest producer of industrial gases that has been put up for sale by Goldman Sachs and others, in a deal a source said could be valued at around $2 billion. SK Holdings, a conglomerate holding company, made the...

  • SAO PAULO, Dec 1- Odebrecht SA, the engineering conglomerate that on Thursday agreed to a $2 billion leniency deal with prosecutors in Brazil's biggest graft case, is making progress selling assets and restructuring some businesses as part of a broad overhaul. In a statement, the company pledged not the engage ever again in improper business practices.