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Capital Goods Industrial Conglomerates

  • TOKYO, Feb 15- Toshiba Corp may delay the sale of its prized flash-memory chip unit after the conglomerate said it would consider selling most, even all, of the marquee business, a person with direct knowledge of the matter said. Changing the rules of the chip auction, which sources have said has generated bids of 200- 400 billion yen, could push the sale beyond...

  • TOKYO, Feb 15- Toshiba Corp has decided to delay the sale of shares in its chip business to the next financial year or later, Japan's Kyodo news agency reported on Wednesday, without citing sources. The Japanese conglomerate said on Tuesday it would book a $6.3 billion hit to its U.S. nuclear unit and may sell a majority stake in its prized flash-memory chip unit as it...

  • TOKYO, Feb 15- Shares in Toshiba Corp skidded on Wednesday after the conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit and may sell a majority stake in its prized flash-memory chip unit as it scrambles for cash to stay in business. Facing a March 27 deadline to avoid a delisting, Chief Executive Satoshi Tsunakawa said he would consider...

  • TOKYO, Feb 15- Japan's Toshiba Corp on Wednesday asked creditors for an extension of a waiver for a loan covenant violation until the end of March, financial sources who were briefed on the matter said. The request comes one day after the beleaguered conglomerate failed to deliver audited third-quarter earnings as scheduled, instead saying it needed more time...

  • TOKYO, Feb 15- Shares in Toshiba Corp skidded on Wednesday after the conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit and may sell a majority stake in its prized flash-memory chip unit as it scrambles for cash to stay in business. Facing a March 27 deadline to avoid a delisting, Chief Executive Satoshi Tsunakawa said he would consider...

  • TOKYO, Feb 15- Shares in Toshiba Corp tumbled on Wednesday after the conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit and may sell more of its prized flash-memory chip business than planned to urgently raise funds. "Usually in a corporate turnaround plan, the company would keep its most competitive business after selling non-performing...

  • TOKYO, Feb 15- Shares of Toshiba Corp tumbled 10 percent on Wednesday morning after the electronics conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit, a writedown that wipes out its shareholder equity.

  • MEXICO CITY, Feb 14- Mexican conglomerate Alfa said on Tuesday it will sell its energy projects in the Eagle Ford shale in Texas, as well as its energy assets in Peru, while also stalling all energy investments due to lingering low oil prices. Alfa's Chief Financial Officer Ramon Leal said at a press conference the company was also looking at selling certain oil...

  • Feb 14- NBCUniversal, the U.S. media conglomerate owned by Comcast Corp, has made an investment in European broadcaster Euronews and named Noah Oppenheim as the president of NBC News, according to an internal memo seen by Reuters on Tuesday. The investment will allow NBC to reach out to 277 million new households in 13 languages across Europe, Africa and the Middle...

  • MEXICO CITY, Feb 14- Mexican conglomerate Alfa on Tuesday reported a loss of 889.7 million pesos in the fourth-quarter of 2016, compared to a profit of 162 million pesos in the same period a year earlier.

  • What I'm sure about is that we need access to additional sources of financing, " Eduardo Pacheco told Reuters in an interview at his Bogota office. Colpatria in 2011 tapped Canada's Scotiabank as a partner, ceding 51 percent in Banco Colpatria, and in 2013 it sold a similar amount of its insurance business to France's AXA. The construction unit has operations in...

  • *Japan stocks expected to take cues from dollar-yen after Yellen- analyst. TOKYO, Feb 14- Japanese stocks edged down on Tuesday morning, with Toshiba Corp's falling as investors brace for the industrial conglomerate to book a massive multibillion dollar writedown when it reports earnings shortly. Yellen is due to present the U.S. central bank's semi-annual...

  • TOKYO, Feb 14- Toshiba Corp will on Tuesday uncover the scale of a multi-billion dollar writedown from cost overruns at its U.S. nuclear arm, along with its recovery plans as the Japanese industrial conglomerate scrambles for cash. Toshiba may also sell an interest in British nuclear venture NuGeneration Ltd to Korea Electric Power Corp, the newspaper said.

  • SEOUL, Feb 14- Samsung Group chief Jay Y. Lee was questioned by South Korea's special prosecutor for more than 15 hours as part of an investigation into a graft scandal that threatens to topple President Park Geun-hye. Lee, who has denied allegations of bribery through Samsung Group spokespeople, had arrived at the office on Monday morning. Samsung Group...

  • SEOUL, Feb 13- Samsung Group leader Jay Y. Lee appeared at the South Korean special prosecutor's office for questioning on Monday as part of a wider investigation into an influence-peddling scandal that could topple President Park Geun-hye. Park, Lee, Choi, and Samsung Group have all denied bribery accusations. Proving illicit dealings between Park or her...

  • SEOUL, Feb 13- Samsung Group leader Jay Y. Lee appeared at the South Korean special prosecutor's office for questioning on Monday as part of a wider investigation into an influence-peddling scandal that could topple President Park Geun-hye. Park, Lee, Choi, and Samsung Group have all denied bribery accusations. Proving illicit dealings between Park or her...

  • SEOUL, Feb 13- Samsung Group leader Jay Y. Lee appeared at the South Korean special prosecutor's office on Monday for questioning as part of a wider investigation into an influence-peddling scandal that could topple President Park Geun-hye. Lee, the third-generation leader of South Korea's top conglomerate, has been identified as a suspect on suspicions that...

  • BOGOTA, Feb 10- Colombian prosecutors investigating Brazil's Odebrecht for corruption will travel to that country next week to look for evidence that the construction conglomerate bribed politicians and sent funds to presidential campaigns, an official said on Friday. Attorney General Nestor Humberto Martinez has said a portion of $4.6 million that...

  • FRANKFURT, Feb 10- Europe's top utilities are planning to invest tens of billions of euros over the next three years to catch up with the green energy revolution, driving a flurry of takeovers by tech and engineering firms of niche, smart-energy innovators. This has led industrial conglomerates and technology companies to seek out small targets to complement...

  • *Posts Q2 adjusted EPS of $0.19 vs estimates of $0.18. The company's news and information business, which includes the Wall Street Journal and the Times in London, has been suffering from lower ad sales as readership dwindles, with readers opting for free news on websites and mobile apps. Revenue in the business fell nearly 7 percent to $1.30 billion in the second...