Capital Goods Industrial Conglomerates

  • *S.Korea prosecutors raid more Lotte Group firms. *Lotte Group facing slush fund probe- sources. SEOUL, June 14- South Korea's Lotte Group said prosecutors were conducting additional raids on at least ten units including Lotte Chemical, heaping further pressure on the sprawling beer-to-petrochemicals conglomerate.

  • *S.Korea prosecutors raid more Lotte Group firms. SEOUL, June 14- South Korea's Lotte Group said prosecutors are conducting additional raids on at least ten units including Lotte Chemical, heaping further pressure on the sprawling beer-to-petrochemicals conglomerate. The new raids follow raids on Friday on the offices of Lotte Group and several Lotte...

  • *Too early to say if IPO postponed or cancelled- Lotte Group. SEOUL, June 13- South Korea's Lotte Group said it would difficult for its hotel unit's IPO to meet a July deadline as planned, as the conglomerate grapples with the fallout from raids by prosecutors on it offices and several of its units last week. Last Tuesday, Hotel Lotte cut the size of the IPO and pushed...

  • *Too early to say if IPO postponed or cancelled- Lotte Group. SEOUL, June 13- South Korea's Lotte Group said it would difficult for its hotel unit's IPO to meet a July deadline as planned, as the conglomerate grapples with the fallout from raids by prosecutors on it offices and several of its units last week. Last Tuesday, Hotel Lotte cut the size of the IPO and pushed...

  • SEOUL, June 12- South Korea's Lotte Group, whose hotel unit faces a July deadline to complete an initial public offering worth up to $4.5 billion, said on Sunday that it is "difficult" for it to modify the listing document. The statement came two days after prosecutors raided the offices of Lotte Group and several companies in the conglomerate, including Hotel Lotte.

  • SEOUL, June 12- South Korea's Lotte Group, whose hotel unit faces a July deadline to complete an initial offering worth up to $4.5 billion, said on Sunday that it is "difficult" for it to modify a listing document. The statement comes two days after prosecutors raided the offices of Hotel Lotte and others in the conglomerate. "Carrying out procedures such as a modified...

  • June 11- An anonymous bidder agreed at auction to pay $3,456,789 to eat lunch with Warren Buffett, tying the record for the right to dine with one of the world's most admired investors. Cecil Williams, co-founder of Glide and pastor since 1963 of the Glide Memorial United Methodist Church, said Buffett's involvement has attracted more interest in the charity,...

  • BOGOTA, June 10- Construction firm Odebrecht has not yet found a company to take over a large portion of its $849.7 million majority stake in a project to make Colombia's Magdalena River more navigable and will now begin paying fines for failing to start construction, the government said on Friday. Odebrecht, Latin America's largest engineering conglomerate,...

  • *Hotel Lotte, planning IPO, among those raided. SEOUL, June 10- South Korean prosecutors raided the offices of Lotte Group, the country's fifth-largest conglomerate, and several affiliates on Friday, dealing a further blow to its hotel unit's planned IPO, billed as the world's biggest this year. Hotel Lotte, one of the affiliates raided, cut the size of the deal to a...

  • MUMBAI, June 10- India's largest information technology company, Tata Consultancy Services, has become the third conglomerate to invest large cash holdings in government bonds, a trend that could boost the young debt market but also stir volatility. TCS is the third company to have meaningful investment in government securities after Reliance Industries...

  • *Hotel Lotte, planning IPO, among those raided. SEOUL, June 10- South Korean prosecutors raided the offices of Lotte Group, the country's fifth-largest conglomerate, and several affiliates on Friday, dealing a further blow to its hotel unit's planned IPO, billed as the world's biggest this year. Hotel Lotte, Lotte Department Store and Lotte Home Shopping confirmed...

  • *Hotel Lotte, planning IPO, among those raided. SEOUL, June 10- Seoul prosecution investigators raided Lotte Group and several affiliates of South Korea's fifth-largest conglomerate on Friday, casting further shadows over an IPO for its hotel unit billed as the world's biggest this year. About 200 Seoul prosecution investigators were searching 17 locations...

  • SEOUL, June 10- Seoul prosecution investigators raided Lotte Group headquarters on Friday morning, a group spokesman told Reuters, in what local media reported as a widening investigation into South Korea's fifth-largest conglomerate. About 200 Seoul prosecution investigators were searching 17 locations including group headquarters, 7 affiliate...

  • NEW YORK, June 7- Warren Buffett, the world's third-richest person, on Tuesday offered strong praise for Jeff Bezos, the fourth-richest, saying he embodies the potential that can blossom when small business owners build their companies. The panel also included Goldman Sachs Group Inc Chief Executive Lloyd Blankfein, Twitter Inc Chief Executive Jack Dorsey, and...

  • SAO PAULO, June 7- Shanghai Pengxin Group Co is in talks to buy control of Brazilian mid-sized lender Banco Indusval& Partners SA, as the Chinese conglomerate aims to expand beyond commodities in Latin America's largest economy, three sources with direct knowledge of the matter said. Pengxin's search for financial, logistics and commodities firms in Brazil is...

  • SAO PAULO, June 7- Shanghai Pengxin Group Co is in talks to buy control of Brazilian mid-sized lender Banco Indusval& Partners SA, as the Chinese conglomerate wants to expand beyond commodities in Latin America's largest economy, three sources with direct knowledge of the matter said. Pengxin's search for financial, logistics and commodities firms in Brazil is...

  • BRASILIA/ RIO DE JANEIRO, June 2- Brazilian judge Sergio Moro suspended one of several lawsuits against executives of engineering conglomerate Grupo Odebrecht SA for 30 days, signaling potential plea bargain deals with prosecutors investigating a massive graft scheme. The company said in March that some executives would seek plea bargains with...

  • BRASILIA, June 2- Brazilian judge Sergio Moro has suspended one of the lawsuits against executives of engineering conglomerate Odebrecht SA for 30 days, newspaper Folha de S. Paulo reported on Thursday, signaling potential plea bargain deals with prosecutors investigating a massive graft scheme. Odebrecht is the largest of Brazil's major engineering firms...

  • June 1- Chinese food and industrial conglomerate Xiwang Group Company Ltd is in advanced talks to buy Iovate Health Sciences International Inc, the Canadian owner of nutrition supplement MuscleTech, according to people familiar with the matter. Canadian vitamin maker Jamieson Laboratories, owned by private equity firm CCMP Capital Advisors LP, has also...

  • LOS ANGELES, May 31- Shari Redstone, vice chair of Viacom Inc and the daughter of controlling shareholder Sumner Redstone, said on Tuesday she has no desire to manage the media conglomerate or to chair its board. The statement from Shari Redstone was a response to a letter on Monday in which Viacom's six independent directors vowed to fight any attempt to oust them...