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Capital Goods Industrial Conglomerates

  • 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...

  • MUMBAI, Jan 12- India's $100 billion salt-to-software conglomerate Tata Sons is likely to name a new chairman on Thursday, local media reported, with two television stations saying its software services unit's boss N. Chandrasekaran was poised to take the helm. Tata Sons, the holding company of the Tata Group- a business empire ranging from Jaguar Land Rover and...

  • MUMBAI, Jan 12- India's $100 billion salt-to-software conglomerate Tata Sons is likely to name a new chairman on Thursday, local media reported, with two television stations saying its software services unit's boss N. Chandrasekaran was the likely candidate. Tata Sons, the holding company of the Tata Group- a business empire ranging from Jaguar Land Rover and...

  • NEW DELHI, Jan 12- India's top court on Thursday rejected a request from the Sahara conglomerate to be given more time to deposit 6 billion rupees by Feb. 6, despite the group's argument that a shortage of cash in the country was making it hard to raise the funds. Sahara, the former main sponsor of India's national cricket team, had been ordered to deposit the funds as...

  • MUMBAI, Jan 12- India's $100 billion salt-to-software conglomerate Tata Sons is likely to name a new chairman as early as Thursday, the Economic Times reported, citing unnamed officials. Tata Sons, the holding company of the listed Tata group companies in a business empire ranging from Jaguar Land Rover and steel mills to aviation and salt pans, ousted its...

  • SEOUL, Jan 12- Special South Korean prosecutors questioned the head of top conglomerate Samsung Group on suspicion of bribery on Thursday in an influence-peddling scandal that led to President Park Geun-hye's impeachment. "I am very sorry to the South Korean people for not showing a better side," Samsung Group leader Jay Y. Lee told reporters as he arrived at the...

  • *Conglomerate a key element in investigation of President Park. SEOUL, Jan 12- Samsung Group leader Jay Y. Lee appeared at the South Korean special prosecutor's office on Thursday for questioning on suspicion of bribery in an influence-peddling scandal that may force President Park Geun-hye from office. Choi is accused of colluding with Park to pressure big...

  • LIMA, Jan 11- Irregularities detected in contracts awarded to Brazilian builder Odebrecht SA, a family-owned conglomerate at the center of a growing graft scandal in Latin American, have cost Peru at least $283 million, the comptroller said on Wednesday. Authorities in Peru have been scrambling to gauge damages that Odebrecht may have wrought in the Andean...

  • *Jay Y. Lee summoned to appear at 0030 GMT Thursday. SEOUL, Jan 11- A South Korean special prosecutor's office will question Samsung Group leader Jay Y. Lee as a suspect in a widening influence-peddling scandal that may force President Park Geun-hye from office. He declined to comment on whether Jay Y. Lee or other Samsung executives will be indicted but would not...

  • NEW YORK, Jan 10- A U.S. judge on Tuesday said Alstom SA may ask an independent accounting firm to resolve a dispute over the French company's $800 million purchase of General Electric Co's train-signaling business, and rejected GE's bid for arbitration. District Judge Jesse Furman in Manhattan said the "plain language" of the November 2014 sales contract...