Capital Goods Industrial Conglomerates

  • JAKARTA, June 22- Sentiment at Asia's biggest companies climbed to its highest in a year in the second quarter of 2016, helped by signs that China's economy was slowly steadying, a Thomson Reuters/INSEAD survey showed. During the quarter, China reported a marginal decline in May imports that was far less than market expectations, reflecting a pick-up in...

  • TOKYO, June 21- SoftBank Group Corp said on Tuesday that President Nikesh Arora would resign as of Wednesday's shareholders meeting, less than two years since he joined the Japanese Internet conglomerate.

  • Commissioner Dave Jones faulted Berkshire's Applied Underwriters Inc and California Insurance Co units over the sale to Shasta Linen Supply Inc of a nontraditional workers' compensation policy whose terms and rates had not been reviewed by state officials. Jones said the policy sold by Applied essentially replaced a policy sold by California Insurance,...

  • NEW YORK, June 17- Mitsubishi Heavy Industries Ltd should have pushed harder to market its defense technology to win a $40 billion submarine sale to Australia, and is open to partnerships with U.S. defense companies, Chief Executive Shunichi Miyanaga said on Friday. In a wide-ranging interview with Reuters journalists, Miyanaga said the industrial...

  • ST PETERSBURG, June 17- Western investors are jostling with each other for position in Russia in anticipation of the moment when sanctions imposed over the Ukraine crisis are softened and they can do lucrative business again. Most are not yet coming with money and specific deals- at least, not in the same numbers as before the crisis- so the objective instead is to...

  • ST PETERSBURG, June 17- Western investors are jostling with each other for position in Russia in anticipation of the moment when sanctions imposed over the Ukraine crisis are softened and they can do lucrative business again. Most are not yet coming with money and specific deals- at least, not in the same numbers as before the crisis- so the objective instead is to...

  • ST PETERSBURG, June 17- Western investors are jostling with each other for position in Russia in anticipation of the moment when sanctions imposed over the Ukraine crisis are softened and they can do lucrative business again. Most are not yet coming with money and specific deals- at least, not in the same numbers as before the crisis- so the objective instead is to...

  • ST PETERSBURG, June 17- Western investors are jostling with each other for position in Russia in anticipation of the moment when sanctions imposed over the Ukraine crisis are softened and they can do lucrative business again. Most are not yet coming with money and specific deals- at least, not in the same numbers as before the crisis- so the objective instead is to...

  • *Lotte Group facing slush fund probe- sources. SEOUL/ LAKE CHARLES, La, June 14- South Korean prosecutors expanded their investigation into Lotte Group on Tuesday with raids on at least ten firms including its biggest listed unit Lotte Chemical, heaping further pressure on the country's fifth-largest conglomerate. But Lotte Group will revive Hotel Lotte's IPO...

  • *Lotte Group facing slush fund probe- sources. *Investigation seen hitting investor sentiment towards Korea Inc. SEOUL, June 14- South Korean prosecutors expanded their investigation into Lotte Group on Tuesday with raids on at least ten firms including its biggest listed unit Lotte Chemical, heaping further pressure on the country's fifth-largest...

  • *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...