MANILA, Philippines— Property, retail and banking tycoon Henry Sy whose conglomerate owns the chain of SM Supermalls in his country and China has retained the title of the Philippines' richest person for the eight consecutive year, with his net worth up $1.7 billion from last year to $14.4 billion. Forbes Philippines, which puts together the list, said Thursday...» Read More
KUALA LUMPUR, March 4- Malaysia's indebted and controversy-ridden state investor 1 MDB will be left as a skeletal structure and possibly dissolved under a debt repayment plan in which most of its assets will be sold, sources with direct knowledge of the matter said. The power and property fund, a pet project of Prime Minister Najib Razak with assets worth $14...
March 4- Warren Buffett telling the rest of us about the advantages of conglomerates is like Willie Mays arguing for the no-look-over-the-shoulder catch while running full speed. It can happen, and those who do it will command a premium, but your wealth or retirement should not depend upon it. So when Buffett, the man behind Berkshire Hathaway, the world's most...
United Technologies cut its full-year outlook because of the negative impact of a stronger dollar as the U.S. conglomerate reported higher earnings.
Activist investor Nelson Peltz stepped up his fight to break up the company, as his Trian Fund nominated himself and three other members to the board.
Hotel, energy and financial services conglomerate Loews reported a 26 percent drop in quarterly profit, partly due to lower investment income.
The German industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group for all cash
GE posted a 13 percent rise in net income, helped by increases in sales of its jet engines and oil and gas equipment.
GE boss is due in Paris on Sunday and is expected to meet France's economy minister as he closes in on a deal to buy the power arm of French engineer Alstom
GE reported a decline in net income amid lower revenue in its transportation business, yet overall industrial profit rose by 12 percent.
Carlyle Group is close to reaching an agreement to buy Illinois Tool Works Inc's industrial packaging unit for more than $3 billion, sources said.
South Korean conglomerates, known as "chaebols," have dominated the economy here for decades but as CNBC's Chloe Cho finds out, a new start-up culture is emerging.
GE Capital, the financial arm of industrial giant General Electric, will return $6.5 billion worth of dividends back to its parent company over the course of the year.
GM sales rose 6.4 percent in March - the best March in five years, but, still, below market expectation. TheStreet.com reports.
Thai billionaire Charoen Sirivadhanabhakdi has raised his stake in Fraser and Neave (F&N) to more than 50 percent, turning his offer to buy the rest of the Singapore property and drinks conglomerate unconditional.
Australian mining-to-retail conglomerate Wesfarmers on Wednesday cut its full-year coal sales forecast, citing flooding in Australia and weak demand in Asia that is depressing sales prices.
After four years of belt-tightening, American companies are good at squeezing more profit out of every dollar of sales - a skill that chief executives regard as critical in the face of an uncertain economy.
Two thirds of the 420,000 patrol cars in the United States are equipped with Panasonic's rugged Toughbook computers, and chief Kazuhiro Tsuga sees the niche product as a model for how the sprawling conglomerate can make money beyond a gadget mass market increasingly dominated by Samsung Electronics and Apple.
GE expects revenue to be flat to up 5% in 2013 despite "fiscal cliff" fears. However, there's one area the company expects double-digit growth.
Research has shown that there will continue to be a battle for top talent in Turkey, as it competes with the West to attract and retain the best employees, says Mark Hamill, CEO of global search firm SpenglerFox
The "Mad Money" host chatted with Honeywell CEO David Cote about global growth prospects and the U.S. debt crisis.