SINGAPORE/ LONDON, May 25- London's Baltic Exchange has entered into exclusive talks with Singapore Exchange over a possible sale, months after approaches from several suitors to acquire the centuries-old business, sources familiar with the matter said on Wednesday. The London Metal Exchange, CME Group, ICE, state-run conglomerate China Merchants Group and... » Read More
TOKYO, Dec 7- Fifty individual shareholders of Toshiba Corp sued the Japanese conglomerate in Tokyo on Monday, seeking 301.99 million yen in damages after the firm's stock plunged in the wake of a multi-billion dollar accounting scandal. Toshiba later said it inflated profits by around 155 billion yen over about seven years. The lawyers representing the group...
*Toshiba plans to restructure after accounting scandal. TOKYO, Dec 4- Toshiba Corp and Fujitsu Ltd are in talks to split off and merge their personal computer units, people familiar with the matter said, as Japan's electronic conglomerates seek to retreat further from loss-making businesses. At the same time, Toshiba is under pressure to restructure in the wake...
TOKYO, Dec 4- Toshiba Corp and Fujitsu Ltd are considering a merger of their personal computer businesses, two people familiar with the matter said on Friday, as the companies look to shed struggling units to overhaul their operations. The Nikkei business daily reported earlier that Toshiba, Fujitsu and unlisted Vaio Corp, which was spun off from Sony Corp last...
*Jay Y. Lee under pressure to fix smartphone decline, find growth. SEOUL, Dec 4- Nearly 19 months after becoming de facto leader of Samsung Group, Jay Y. Lee is running out of time to show he has a plan to fix crown jewel Samsung Electronics Co Ltd as it stumbles toward possibly its first annual fall in smartphone sales. "We have yet to get a clear blueprint on how Samsung...
Profits earned by Chinese industrial companies fell 4.6 percent in October from a year earlier, data from the statistics bureau showed on Friday.
Trian, the $13B activist hedge fund run by Nelson Peltz, will unveil a roughly $2.5B investment in General Electric.
GE seeks to sell its asset management arm to an investment management firm, as it continues to make moves to focus on its industrial products.
Berkshire Hathaway's operating earnings were hurt by a $38 million loss for its insurance underwriting businesses.
United Technologies cut its full-year profit outlook on Tuesday as it warned of pressures in its aerospace systems and Otis elevators businesses.
Toshiba is likely to mark down three fiscal years of profit by at least $419.43 million in total after an internal probe into accounting irregularities.
General Electric said it would be willing to consider concessions in order to win European approval to acquire the power equipment unit of Alstom.
Warren Buffett unapologetically defended Clayton Homes on Saturday from accusations of predatory lending.
Warren Buffett rejected the idea that Berkshire is so big that it is now too big to fail and requires tighter regulatory oversight.
3M delivered quarterly earnings and revenue that fell short of analysts' expectations on Thursday.
Vivendi has confirmed an offer to Orange, the former France Telecom, for the online video sharing platform Dailymotion.
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.