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Capital Goods Industrial Conglomerates

  • SEOUL, Jan 16- South Korea's special prosecutor on Monday sought a warrant to arrest the head of Samsung Group, the country's largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye. Investigators had grilled Samsung Group chief Jay Y. Lee for 22 straight hours last week as a suspect in a corruption scandal,...

  • SEOUL, Jan 16- South Korea's special prosecutor on Monday sought a warrant to arrest the head of Samsung Group, the country's largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye. Investigators had grilled Samsung Group chief Jay Y. Lee for 22 straight hours last week as a suspect in a corruption scandal,...

  • SEOUL, Jan 16- South Korea's special prosecutors' office said on Monday it was seeking a warrant to arrest the head of Samsung Group, the country's largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye. Samsung Group chief Jay Y. Lee was questioned for 22 straight hours last week as investigators probed a...

  • SEOUL, Jan 16- South Korean conglomerate Samsung Group said on Monday it could not accept the special prosecutors' accusations that its leader, Jay Y. Lee, paid bribes to further his succession or the merger of two affiliates in 2015.. "It is difficult to understand the special prosecution's decision," Samsung Group said in an email statement in response to the...

  • SEOUL, Jan 16- South Korea's special prosecutor's office said on Monday it was seeking a warrant to arrest the head of Samsung Group, the country's largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye. Samsung Group chief Jay Y. Lee was questioned for 22 straight hours last week as investigators probed a...

  • SEOUL, Jan 16- South Korea's special prosecutors' office said it will seek a warrant to arrest the head of Samsung Group, the country's biggest conglomerate, as a corruption scandal engulfing President Park Geun-hye escalated on Monday. Samsung Group chief Jay Y. Lee was questioned for 22 straight hours last week as investigators probe a scandal that has reached...

  • SEOUL, Jan 16- South Korean prosecutors will decide on Monday whether the head of Samsung Group, the country's biggest conglomerate, should be arrested as an influence-peddling scandal engulfing impeached President Park Geun-hye's government gained momentum. Samsung Group chief Jay Y. Lee was questioned for 22 straight hours last week as investigators...

  • MUMBAI, Jan 15- Moving the head of Tata Consultancy Services to the top job at Tata Sons' holding company fills a critical hole for the salt-to-software conglomerate, but it leaves another at its most valuable company ahead of a complex and unpredictable 2017.. Indeed, for Tata Sons, promoting one-time Tata intern Chandrasekaran to chairman of the $100 billion...

  • LOS ANGELES, Jan 13- Sony Entertainment Chief Executive Michael Lynton will step down to become chairman of the board of messaging app owner Snap Inc, a move that puts an experienced Hollywood executive in a prominent role as the technology company prepares for an initial public offering. Lynton's tenure at Sony Entertainment was also marked by a devastating...

  • HONG KONG, Jan 13- Chinese technology conglomerate LeEco has secured a new round of investment worth 15.04 billion yuan from property developer Sunac China Holdings, according to a stock exchange statement made by Sunac on Friday. Sunac, through its real estate subsidiary Sunac Real Estate, said on Friday it plans to invest 6.04 billion yuan in LeEco's Shenzhen-...

  • SEOUL, Jan 13- Jay Y. Lee, who heads South Korea's massive Samsung Group, was given a $5 box meal for lunch and did not sleep in over 22 hours of questioning in a corruption scandal involving impeached President Park Geun-hye. Lee, who has a net worth of $6.2 billion and is the third-generation leader of the country's biggest conglomerate, or "chaebol," left the special...

  • *Jay Y. Lee denies wrongdoing over key suspicions. SEOUL, Jan 13- Samsung Group leader Jay Y. Lee left the South Korean special prosecutor's office early on Friday after more than 22 hours of questioning on bribery suspicions in an influence-peddling scandal that could topple President Park Geun-hye. The special prosecutor's office said it would decide by...

  • SEOUL, Jan 13- Jay Y. Lee, who heads South Korea's massive Samsung Group, was given a $5 box meal for lunch and did not sleep in over 22 hours of questioning in a corruption scandal involving impeached President Park Geun-hye. Lee, who has a net worth of $6.2 billion and is the third-generation leader of the country's biggest conglomerate, or "chaebol", left the special...

  • *Jay Y. Lee denies wrongdoing over key suspicions. SEOUL, Jan 13- Samsung Group leader Jay Y. Lee left the South Korean special prosecutor's office early on Friday, more than 22 hours after arriving for questioning on bribery suspicions in an influence-peddling scandal that could topple President Park Geun-hye. A spokesman said the special prosecutor's office...

  • BEIJING/ PRAGUE, Jan 13- Inside four years, CEFC China Energy has emerged from relative obscurity as a niche fuel trader to become a rapidly growing oil and finance conglomerate with assets across the world and an ambition to become one of China's energy giants. It has a rare contract to store part of the nation's strategic oil reserve, gained financing from the...

  • *Jay Y. Lee denies wrongdoing over key suspicions- Yonhap. SEOUL, Jan 13- Samsung Group leader Jay Y. Lee left the South Korean special prosecutor's office early on Friday, more than 22 hours after arriving for questioning on bribery suspicions in an influence-peddling scandal that could topple President Park Geun-hye. Yonhap News Agency said the special...

  • MUMBAI/ GANDHINAGAR, India, Jan 12- A three-decade veteran of the Tata conglomerate and front-runner for the top job since the day his predecessor was ousted, Natarajan Chandrasekaran is one of the group's most highly regarded executives and the man behind its best-performing unit. India's largest conglomerate has been badly shaken by a bruising months-long...

  • MUMBAI, Jan 12- India's $100 billion salt-to-software conglomerate Tata Group on Thursday named veteran insider Natarajan Chandrasekaran as the new chairman of its holding company, three months after firing its former chair. Tata Sons, the holding company in a business empire ranging from Jaguar Land Rover and steel mills to aviation and salt pans, ousted...

  • Jan 12- McDonald's Corp is inviting bids for the sale of a 33 percent stake in its Japan unit McDonald's Holdings Co Japan Ltd, the Wall Street Journal reported, citing people familiar with the situation. McDonald's- which last week agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd and Carlyle Group LP- said in...

  • MUMBAI, Jan 12- India's $100 billion salt-to-software conglomerate Tata Group is set to name N. Chandrasekaran, the boss of its software services unit, as the new chairman of its holding company, two sources with direct knowledge said on Thursday. Tata Sons, the holding company in a business empire ranging from Jaguar Land Rover and steel mills to aviation and salt...