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Capital Goods Industrial Conglomerates

  • FRANKFURT/ TOKYO, April 11- Toshiba Corp is considering a stock market listing and other options for Swiss smart meter maker Landis+ Gyr, it said on Tuesday, as the Japanese conglomerate scrambles to raise funds to cover massive losses at U.S. nuclear unit Westinghouse. Reuters last month reported that Toshiba had hired UBS to explore a sale or initial public...

  • Signage for Toshiba is displayed atop the company's headquarters as a red traffic light stands illuminated in Tokyo.

    Japan's Toshiba Corp filed twice-delayed business results on Tuesday without an endorsement from its auditor, increasing the likelihood that the nuclear-to-TVs conglomerate will be delisted.

  • TOKYO, April 11- Japan's Toshiba Corp filed twice-delayed business results on Tuesday without an endorsement from its auditor, increasing the likelihood that the nuclear-to-TVs conglomerate will be delisted. The filing carried a disclaimer from auditor PricewaterhouseCoopers Aarata LLC that it was unable to form an opinion of the results.

  • TOKYO, April 11- Japan's Toshiba Corp filed twice-delayed business results on Tuesday without an endorsement from its auditor, increasing the likelihood that the nuclear-to-TVs conglomerate will be delisted. The filing carried a disclaimer from auditor PricewaterhouseCoopers Aarata LLC that it was unable to form an opinion of the results.

  • TAIPEI, April 11- Chinese tech conglomerate LeEco, whose businesses stretch from smartphones to electric vehicles, has abandoned a $2 billion proposed acquisition of U.S. consumer electronics company Vizio, the company said on Tuesday. However, in March, the company successfully secured $2.2 billion for expansion from investors including property...

  • TOKYO, April 11- Toshiba Corp aims to file its twice-delayed business results on Tuesday, even if its auditors don't fully sign off on the numbers, two people familiar with the matter said, as the Japanese conglomerate seeks to avoid a potential delisting from the Tokyo Stock Exchange. A third deadline looms, but auditor PricewaterhouseCoopers Aarata LLC is...

  • Jay Y. Lee, the 48- year-old boss of Samsung Group, is on trial on charges including bribery and embezzlement in a scandal that led to the ouster of President Park Geun-hye. "The defendant, Jay Y. Lee, didn't even know that the contribution was made, because that's not part of his job," his lawyer, Song Wu-cheol, told the court. Choi, a former Samsung Group vice chairman...

  • SEOUL, April 7- The third-generation leader of South Korea's top conglomerate was mostly silent at his first court appearance in what has been called the "trial of the century," as his lawyers laboured to portray him as an innocent bystander in a graft scandal. Jay Y. Lee, the 48- year-old boss of Samsung Group, is on trial on charges including bribery and embezzlement...

  • The report predicted economic harm to Georgia, Kentucky, Louisiana, Michigan, South Carolina, Tennessee and Texas- all states Trump won in the 2016 presidential election. The list of hard-hit states also includes California, New Jersey and Illinois, which were carried by Democrat Hillary Clinton. The study was sharply criticized by House Ways and Means...

  • April 6- An insurance unit of Warren Buffett's conglomerate Berkshire Hathaway Inc said it has sued Goodyear Tire& Rubber Co to avoid having to cover asbestos-related injury claims that Goodyear said nothing about for seven years. About 62,000 claims are pending against Goodyear in states including Florida, Maryland, New York, Pennsylvania and Texas over...

  • WASHINGTON, April 6- Seven U.S. The report predicts harm to Georgia, Kentucky, Louisiana, Michigan, South Carolina, Tennessee and Texas-- all states Trump won in the 2016 presidential election. The list of hard-hit states also includes California, New Jersey and Illinois, carried by Democrat Hillary Clinton.

  • SAO PAULO, April 6- Votorantim SA will focus on keeping debt metrics stable while completing key investment projects this year to help Brazil's largest diversified industrial conglomerate return to profit amid a challenging outlook, Chief Executive Officer João Miranda said on Thursday. In an interview to discuss annual results, Miranda told Reuters...

  • *OPEC trying to help market rebalance, ease oversupply. LONDON, April 6- The jury is still out on whether OPEC can rein in a global oil glut but top commodity traders are betting it can by selling stakes in storage tank businesses that profited from oversupply. The five top traders, who also include Mercuria and Trafigura, expect OPEC to extend output cuts into the...

  • SEOUL, April 5- South Korea's CJ Corp said on Wednesday it is considering entering a bid for L'Oreal SA's brand The Body Shop. CJ Corp, the holding company for food-to-entertainment conglomerate CJ Group, said in a regulatory filing nothing had been decided, including whether it would enter a bid or what unit might launch any potential bid. L'Oreal's sale of...

  • *Asks creditors to give their agreement by April 14. TOKYO, April 4- Toshiba Corp asked creditor banks for a new loan and offered as collateral a stake in its memory chip unit that is being split off, sources said, underlining the firm's growing financial woes as it braces for a multi-billion dollar loss. The TVs-to-construction Japanese conglomerate expects to...

  • SEOUL, April 3- South Korea's Lotte Group will continue to invest in its China business despite diplomatic tensions over the deployment of a U.S. missile defence system, a Lotte executive said on Monday, denying rumours it wants to scale back there. Terminal High Altitude Area Defense missile system outside Seoul. South Korea and its ally the United States say the...

  • SEOUL, April 3- South Korea's Lotte Group will continue to invest in its China business despite diplomatic tensions over the deployment of a U.S. missile defence system, a Lotte executive said on Monday, denying rumours it wants to scale back its China operations. South Korea and its ally the United States say the system is designed to thwart nuclear-armed North...

  • TOKYO, April 3- Shares in Toshiba Corp tumbled on Monday after sources told Reuters that the troubled Japanese conglomerate would likely miss a third deadline to report its quarterly business results. A third postponement of the October-December earnings, currently due on April 11, looks necessary because Toshiba's auditor, PricewaterhouseCoopers Aarata...

  • TOKYO, April 1- Toshiba Corp will likely miss a third deadline to report its quarterly business results, two sources told Reuters, forcing the Japanese conglomerate to ask for a fresh extension or face a possible delisting from the Tokyo Stock Exchange. A third postponement of the October-December earnings, past the latest deadline of April 11, looks necessary...

  • *Westinghouse bankruptcy could prompt mergers in Japan. *Three players compete for nuclear business in Japan. While this has been moribund since the 2011 Fukushima disaster, Japan still has dozens of reactors that need to be maintained and supplied with parts and fuel once operating.