Capital Goods Industrial Conglomerates

  • LONDON, Aug 31- European equities set a new two-week high on Wednesday, with gains for shares including Germany's Commerzbank and French construction-to-media conglomerate Bouygues offsetting losses in the mining sector. Financials were in demand, with Commerzbank rising 4.5 percent after Germany's Manager Magazin reported that Deutsche Bank had...

  • Aug 30- General Electric Co on Tuesday named Richard Laxer chief executive of GE Capital, which the conglomerate began shrinking in 2015 as part of efforts to return to its industrial roots. Since April 2015, Sherin has led the transformation of GE Capital into a smaller, more focused business, GE Chief Executive Jeff Immelt said. GE also said GE Capital will now...

  • SEOUL, Aug 29- Loyalty has been a driving force in the success of South Korea's family-run "chaebol" conglomerates, but it can also shield the failings of its corporate culture and on Friday was linked to tragedy at the Lotte Group, the subject of a sweeping criminal probe. A prosecution spokesman could not immediately be reached for comment on Monday, and Lotte...

  • Workers operate machinery on the assembly line at a Lyric Robert factory, operated by Guangdong Li Yuanheng Intelligent Automation Co., in Huizhou, Guangdong province, China, on Monday, April 18, 2016.

    Profits earned by China's industrial firms grew at the fastest pace in four months in July, aided by a pick-up in sales and reduced costs.

  • *Lotte Group Vice Chairman Lee In-won has died. SEOUL, Aug 26- One of the top executives at South Korea's Lotte Group was found dead on Friday, a suspected suicide, hours before he was to be questioned by prosecutors conducting a criminal probe into the country's fifth-largest conglomerate. Lotte Group confirmed the death of Vice Chairman Lee In-won, which comes...

  • One of the top executives at South Korea's Lotte Group was found dead, a suspected suicide, hours before he was to be questioned by prosecutors.

  • *Lotte Group Vice Chairman Lee In-won has died. SEOUL, Aug 26- One of the top executives at South Korea's Lotte Group was found dead on Friday, a suspected suicide, hours before he was to be questioned by prosecutors conducting a criminal probe into the country's fifth-largest conglomerate. Lotte Group confirmed the death of Vice Chairman Lee In-won, which comes...

  • *Lotte Group Vice Chairman Lee In-won has died- Lotte Group. SEOUL, Aug 26- One of the seniormost executives at South Korea's Lotte Group was found dead on Friday, a suspected suicide, hours before he was to be questioned by prosecutors conducting a criminal probe into the family-run conglomerate. Lotte Group, in a text message to reporters, said it confirmed the...

  • *Lotte Group Vice Chairman Lee In-won has died- Lotte Group. SEOUL, Aug 26- A senior executive at South Korea's Lotte Group was found dead on Friday, a suspected suicide, hours before he was to be questioned by prosecutors conducting a criminal probe into the family-run conglomerate, news reports said. Lotte Group, in a text message to reporters, said it confirmed the...

  • *Lotte Group Vice Chairman Lee In-won has died- Lotte Group. SEOUL, Aug 26- A senior executive of South Korea's Lotte Group has died, the country's fifth-largest family-run conglomerate said on Friday, amid a sweeping criminal probe into the business. Lotte Group, in a text message to reporters, said it confirmed the death of Vice Chairman Lee In-won through police...

  • SEOUL, Aug 26- A senior executive of South Korea's Lotte Group has died, an official at the country's fifth-largest family-run conglomerate told Reuters on Friday, amid a sweeping criminal probe into the business. The official, who declined to be named as he was not authorized to speak publicly on the matter, said a police investigation into the death of Lee In-won,...

  • Aug 23- American International Group Inc is in early talks to sell Lloyd's of London Ltd's insurance operations to Canada Pension Fund, the Wall Street Journal reported on Tuesday. If the deal comes through, it could fetch the insurance conglomerate hundreds of millions of dollars in proceeds, the Journal reported, citing people familiar with the matter.

  • *Dalian Wanda to control 20 pct of global box office before 2020. BEIJING, Aug 23- Real estate and entertainment conglomerate Dalian Wanda Group Co expects to seal two billion-dollar film-related deals in the United States this year, chairman Wang Jianlin said on Tuesday, as China's richest man steps up his push into Hollywood. In January, Wang splashed $3.5...

  • BEIJING, Aug 23- Wang Jianlin, chairman of Chinese real estate and entertainment conglomerate Dalian Wanda Group Co, said on Tuesday he expects to announce two billion-dollar film-related deals in the United States this year. Wang, China's richest man, said in an exclusive interview with Reuters that the two ongoing acquisitions of U.S. non-production film...

  • Aug 22- General Electric Co's plan to take on $20 billion of debt adds to the "uncertainty surrounding its ability to mitigate" pressure on credit metrics, Moody's Investors Service said on Monday. The prospect of additional debt is the latest sign that GE is consciously shifting toward a credit profile that is more fully levered and typical of other large...

  • NEW DELHI, Aug 22- Raghuram Rajan's abrupt announcement of his departure as governor of the Reserve Bank of India came as a nasty surprise to many, especially his fans in the investment community, but the way Urjit Patel was chosen as his successor has been anything but. Aides to Prime Minister Narendra Modi have sought to show that the search and selection process...

  • NEW DELHI, Aug 22- Raghuram Rajan's abrupt announcement of his departure as governor of the Reserve Bank of India came as a nasty surprise to many, especially his fans in the investment community, but the way Urjit Patel was chosen as his successor has been anything but. Aides to Prime Minister Narendra Modi have sought to show that the search and selection process...

  • MUMBAI, Aug 20- India's incoming central bank governor, Urjit Patel, is widely regarded as having the professional and academic credentials he needs to make a success of his new job. Patel, deputy governor of the Reserve Bank of India since 2013, demonstrated intellectual heft in overseeing landmark changes to the 81- year old institution, including switching...

  • NEW DELHI/ MUMBAI, Aug 20- Reserve Bank of India insider Urjit Patel won a promotion to run the central bank on Saturday with a mandate to cement the bank's commitment to keeping inflation low, as the tenure of the man he is replacing draws to a turbulent conclusion. Raghuram Rajan, a former International Monetary Fund chief economist feted as a "rock-star" central...

  • SAO PAULO, Aug 19- Chinese power conglomerates are gradually becoming the dominant force in Brazil's electricity industry, where high debt, a harsh recession and less stringent takeover barriers than in other major markets have stoked a wave of acquisitions. Since the start of 2015, Chinese companies have been the protagonists in three of the six largest...