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Capital Goods Industrial Conglomerates

  • SAO PAULO, March 30- Odebrecht SA, the family-controlled engineering conglomerate ensnared in Brazil's worst corruption scandal ever, is considering going public once it finalizes a thorough overhaul of corporate governance practices, a senior executive told Reuters on Thursday. Odebrecht is the largest of Brazilian building groups accused of colluding...

  • *Toshiba wants to raise at least $9 bln from chip unit sale. Chiba, JAPAN, March 30- Toshiba Corp shareholders agreed to split off its prized NAND flash memory unit on Thursday, paving the way for a sale to raise at least $9 billion to cover U.S. nuclear unit charges that threaten the conglomerate's future. Coming a day after Westinghouse filed for bankruptcy, the...

  • *Toshiba hopes to raise at least $9 bln from chip unit sale. TOKYO, March 30- Toshiba Corp's shareholders on Thursday approved a proposal to split off the Japanese company's prized NAND flash memory unit, paving the way for a sale of a majority stake or even all of the business. It hopes to raise at least $9 billion and the company has said it believes the unit will be...

  • NEW YORK, March 29- Westinghouse Electric Co's financial distress sparked a feeding frenzy among Wall Street lenders keen to give the nuclear developer a lifeline while it reorganizes in bankruptcy, according to court papers and people familiar with the matter. Westinghouse, the nuclear arm of Japanese conglomerate Toshiba, filed for Chapter 11 bankruptcy...

  • *Westinghouse secures $800 mln in debtor-in-possession financing. WILMINGTON, DEL./ TOKYO, March 29- Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp, filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. The four reactors are part of two projects known as V.C....

  • March 29- If utilities in Georgia or South Carolina decide not to complete nuclear power reactors under construction by Westinghouse Electric Co following its bankruptcy, those units would join a long list of abandoned U.S. nuclear projects. Westinghouse, a unit of Japanese conglomerate Toshiba Corp, is building two reactors for Georgia Power and partners at...

  • *Westinghouse secures $800 mln in debtor-in-possession financing. WILMINGTON, DEL./ TOKYO, March 29- Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp, filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Westinghouse and affiliates intend to use bankruptcy...

  • March 29- Brokerage Cowen Group Inc's shares surged 19 percent on Wednesday after Chinese conglomerate CEFC China said it agreed to acquire a stake of about 20 percent in the U.S. company for $100 million. The deal, the latest in a series of investments by Chinese firms in U.S. companies, will also give the CEFC the right to appoint three directors to the New York-...

  • March 29- Chinese conglomerate CEFC China said on Wednesday it would acquire an about 20 percent stake in U.S. brokerage Cowen Group Inc for about $100 million. CEFC China has also agreed to provide Cowen with $175 million in debt financing, the companies said. CEFC will pay $18 for each Cowen Class A share, representing a 29.5 percent premium to the stock's Tuesday...

  • *Westinghouse secures $800 mln in debtor-in-possession financing. TOKYO, March 29- Toshiba Corp's U.S. nuclear unit Westinghouse filed for Chapter 11 protection from creditors on Wednesday, just three months after huge cost overruns were flagged, as the Japanese parent seeks to limit losses that threaten its future. Toshiba said Westinghouse-related...

  • *Profits soar 28 percent to more than 10 billion yuan. HONG KONG, March 29- Fosun International Ltd, one of China's most aggressively acquisitive conglomerates, said its chief executive and vice president stepped down in a surprise reshuffle that has raised concerns over the group's strategy. The resignation of co-founder and Chief Executive Liang Xinjun and...

  • *Westinghouse secures $800 mln in debtor-in-possession financing. TOKYO, March 29- Toshiba Corp's U.S. nuclear unit Westinghouse filed for Chapter 11 protection from creditors on Wednesday, as its Japanese parent seeks to limit losses that threaten its future. Toshiba said Westinghouse-related liabilities totalled $9.8 billion as of December, more than an...

  • HONG KONG, March 29- Fosun International Ltd, one of China's most aggressively acquisitive conglomerates, said its chief executive and vice president stepped down in a surprise reshuffle that has raised concerns over the group's strategy. The resignation of co-founder and Chief Executive Liang Xinjun and Senior Vice President Ding Guoqi will have some...

  • TOKYO, March 29- Toshiba Corp's troubled U.S. nuclear unit Westinghouse intends to file for Chapter 11 protection from creditors, Japan's government said on Wednesday, as the conglomerate seeks to limit losses that have plunged it into crisis. Yoshihide Suga, the government's chief spokesman, told a regular news briefing he was aware that Pittsburgh- based...

  • LONDON, March 28- European shares gained on Tuesday in early deals, boosted by positive results and dealmaking, as stock markets recovered from a sentiment-fueled dip in the previous session. Dufry was also among top gainers, up 4 percent after a report said Chinese conglomerate HNA was seeking to buy a stake in the Swiss airport retailer. Booker was among top...

  • HONG KONG, March 28- Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of the publisher of Forbes magazine, two sources with knowledge of the matter told Reuters. Hong Kong- based investor group Integrated Whale Media Investments, which holds 95 percent of Forbes Media, is also in talks with another Chinese media firm...

  • SEOUL, March 28- South Koreas family-run conglomerates are facing calls for a shakeup in their governance from a leading candidate in May's presidential election, following the ouster of former President Park Geun-hye in a burgeoning influence-peddling scandal. The countrys four biggest chaebol groups account for around half the stock market's value,...

  • TOKYO, March 24- Toshiba Corp's main lenders are asking it to submit a bankruptcy filing for U.S. nuclear unit Westinghouse Electric Co LLC by the end of this month, the Nikkei business daily reported on Friday, without citing sources. Such a move would pile further pressure on the embattled conglomerate to make a quick decision over a Chapter 11 filing after...

  • March 23- U.S. healthcare conglomerate Johnson& Johnson and JPMorgan Chase& Co became the latest big U.S. companies to suspend all digital advertising on Google's YouTube, over concerns that its ads may have appeared on channels that broadcast offensive videos. Shares of Google parent Alphabet ended down 1.2 percent, or $10.15 per share, at $839.65 on the New York...

  • March 23- U.S. healthcare conglomerate Johnson& Johnson became the latest company to suspend all digital advertising on Google's YouTube, over concerns that its ads may have appeared on channels that broadcast offensive videos. Shares of Google parent Alphabet were down 1.3 percent, or $11.21 per share, in midday New York Stock Exchange trading.