Capital Goods Industrial Conglomerates

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  • TOKYO, March 17- Canon Inc has agreed to buy Toshiba Corp's medical equipment unit for 665.5 billion yen, the companies said on Thursday. The Japanese maker of cameras and office equipment last week won exclusive negotiating rights to buy Toshiba Medical Corp in a hotly contested auction. Funds from the deal will help enable Toshiba to drop plans to seek about...

  • LONDON, March 16- State-run conglomerate China Merchants Group has made an informal bid to buy London's Baltic Exchange, becoming the latest contender for the business that has been the hub of the global shipping market for centuries, two sources told Reuters. China Merchants Securities, which is listed in Shanghai, did not respond to repeated requests for...

  • *Toshiba says in talks with other companies, but nothing decided. March 15- Japanese industrial conglomerate Toshiba Corp said it is in late-stage talks to sell its white goods business to Chinese household appliance giant Midea Group Co Ltd, Nikkei reported on Monday. Toshiba granted Canon Inc exclusive negotiating rights for its medical equipment unit,...

  • March 14- Japanese industrial conglomerate Toshiba Corp said it is in late-stage talks to sell its white goods business to Chinese household appliance giant Midea Group Co Ltd, Nikkei reported on Monday. The deal is expected to fetch tens of billions of yen, the Japanese business daily reported. Toshiba granted Canon Inc exclusive negotiating rights for its...

  • *Canon has offered more than 700 bln yen for the unit- Nikkei. TOKYO, March 9- Toshiba Corp has granted Canon Inc exclusive negotiating rights for its medical equipment unit after a hotly contested auction, with a report putting Canon's offer at more than 700 billion yen. The conglomerate put Toshiba Medical Systems Corp on the block to help fund restructuring...

  • TOKYO, March 9- Japan's Canon Inc is set to buy Toshiba Corp's medical equipment unit for 700 billion yen, beating rival Fujifilm Holdings Corp in a hotly contested auction, the Nikkei business daily reported on Wednesday. The conglomerate put Toshiba Medical Systems Corp on the block to help fund restructuring after a $1.3 billion accounting scandal,...

  • March 7- Japan's Softbank Group Corp plans to separate its domestic and overseas businesses and give them their own chief executives in its latest move to bolster shareholder value after a record $4.4 billion share buyback plan a month ago. Current SoftBank Group Chairman and Chief Executive Masayoshi Son will remain in charge of the group's overall...

  • March 7- Japanese telecoms conglomerate SoftBank Group Corp said it would separate its domestic business from overseas operations to better manage its mobile and broadband investments across the world. SoftBank's Chief Operating Officer Nikesh Arora will lead the overseas unit and Ken Miyauchi, a SoftBank director, will lead the domestic business.

  • TOKYO, March 3- Toshiba Corp is asking three Japanese lenders for additional loans of about $1.8 billion to fund restructuring in the wake of an accounting scandal, sources with direct knowledge of the matter said on Thursday. Toshiba is seeking about 200 billion yen from Sumitomo Mitsui Banking Corp, Mizuho Bank and Sumitomo Mitsui Trust Bank, said the sources,...

  • March 1- In the 16 months since Oklahoma oilman Harold Hamm dismissed OPEC as a "toothless tiger" because of growing U.S. energy independence, shares in his Oklahoma City- based Continental Resources Inc, a major shale oil driller, have fallen about 60 percent. Whether or not the Organization of the Petroleum Exporting Countries has been defanged, it has been unable...

  • Shares of the company, known for its quirky and colorful satchels and totes, rose as much as 6.7 percent to $21.15 in early trading on Tuesday. Kate Spade has been focusing on the kate spade new york brand and investing in its online business, strategies that analysts say have helped the company fight the effects of a slowdown in the handbag market in North America.

  • *Carmaker looks for CEO to replace Bo Andersson- sources. MOSCOW/ GENEVA, March 1- The owners of Russian carmaker Avtovaz are searching for a new chief executive to replace Bo Andersson, sources told Reuters, weeks after the Lada maker reported a record loss that led to major investor Renault slashing the value of its stake. Russian state-owned conglomerate Rostec,...

  • March 1- Industrial conglomerate Honeywell International Inc said it was scrapping its $90.7 billion offer to buy rival United Technologies Corp, citing the company's unwillingness to engage in negotiations. United Tech's shares were down 4.3 percent at $92.60 in premarket trading on Tuesday, while Honeywell was up 3 percent at $104.30.

  • March 1- Kate Spade& Co reported better-than-expected quarterly sales at established stores, driven by demand for its top-of-the-range kate spade new york handbags and accessories. The company is also winding down its lower-margin Kate Spade Saturday and Jack Spade menswear brands, while looking to strengthen the global presence of the kate spade new york...

  • ISTANBUL, March 1- Turkish authorities have shut down media businesses seized last year from Koza Ipek Holding, a conglomerate linked to a U.S.-based preacher accused of plotting against President Tayyip Erdogan, according to an exchange filing. The state seized Koza Ipek and its media outlets, including the newspaper Bugun and television station Kanalturk,...

  • The company forecast full-year 2016 net sales of $1.39 billion- $1.41 billion, below the average analyst estimate of $1.45 billion. Kate Spade said it would enter India through a long-term distribution and retail license agreement with Reliance Brands Ltd, a unit of Indian conglomerate Reliance Industries Group. The company's net income fell to $61.5...

  • *Japan wants to offer Australia package of industrial deals. *Australia to pick submarine design this year. TOKYO, March 1- Japan has enlisted electronics firm Toshiba Corp to help it try to win Asia's biggest defence contract, a A $50 billion deal to build a dozen submarines for Australia, three sources said.

  • *Japan wants to offer Australia package of industrial deals. *Australia to pick submarine design this year. TOKYO, March 1- Japan has enlisted electronics firm Toshiba Corp to help it try to win Asia's biggest defence contract, a A $50 billion deal to build a dozen submarines for Australia, three sources said.

  • Feb 29- General Electric Co will continue to "aggressively" cut costs this year, Chief Executive Jeff Immelt said, reiterating the company's target for spending on restructuring in 2016.. The U.S. conglomerate in January doubled its estimate of restructuring spending for the year to $3.4 billion from the $1.7 billion it had targeted in December as it fights the...

  • JOHANNESBURG, Feb 29- The founder and chief executive of South African conglomerate Bidvest Group, Brian Joffe, said on Monday he will step down as CEO after a deal to spin off its food business is finalised. "I will continue in South Africa as a director and in some executive role to deal with the strategic issues in acquisitions." Joffe also said the group could list...