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Capital Goods Industrial Conglomerates

  • An employee of General Electric works on a gas turbine at the GE plant in Belfort, France.

    General Electric must "seriously" consider cutting its dividend in addition to a weighty EPS reset, according to Goldman Sachs.

  • TOKYO, Oct 13- The cheating crisis engulfing Kobe Steel Ltd just got bigger. The scale of the misconduct at Japan's third-largest steelmaker pummelled its shares as investors, worried about the financial impact and legal fallout, wiped about $1.8 billion off its market value this week. As the company revealed tampering of more products, the crisis has rippled...

  • MUMBAI, Oct 13- Reliance Industries Ltd's telecoms arm Jio will turn profitable "shortly," the Indian conglomerate said on Friday, while adding it would continue to pump around $1 billion into the venture for each of the next few quarters. Oil-to-retail giant Reliance, controlled by India's richest man Mukesh Ambani, suggested there were signs its costly gamble...

  • MUMBAI/ BENGALURU, Oct 13- Reliance Industries Ltd's telecoms arm Jio will turn profitable "shortly," the Indian conglomerate said on Friday, while adding it would continue to pump around $1 billion into the venture for each of the next few quarters. Oil-to-retail giant Reliance, controlled by India's richest man Mukesh Ambani, suggested there were signs its...

  • TOKYO, Oct 13- The cheating crisis engulfing Kobe Steel Ltd just got bigger. The scale of the misconduct at Japan's third-largest steelmaker pummelled its shares as investors, worried about the financial impact and legal fallout, wiped about $1.8 billion off its market value this week. As the company revealed tampering of more products, the crisis has rippled...

  • *Kwon says time for Samsung to start anew with young leadership. SEOUL, Oct 13- Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh- hyun plans to step down from management, deepening concerns over a leadership vacuum at the tech giant after group scion Jay Y. Lee was jailed for bribery. Samsung tipped record earnings, it's going to be better in...

  • TOKYO, Oct 13- Crisis-hit Kobe Steel Ltd said on Friday its steel division has also falsely labelled products, the latest in a string of revelations confirming widespread cheating at the firm that has engulfed its global customers. The bombshell admissions by Japan's third-largest steel maker sent its shares plummeting again, with the scale of the misconduct...

  • *Kwon says time for Samsung to start anew with young leadership. SEOUL, Oct 13- Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh- hyun plans to step down from management, deepening concerns over a leadership vacuum at the tech giant after group scion Jay Y. Lee was jailed for bribery. Samsung tipped record earnings, it's going to be better in...

  • Jerry Jindong Xu, who moved from China in 2011 and was employed by DuPont before the U.S. conglomerate spinned off Chemours in 2015, was charged in an indictment filed in federal court in Wilmington, Delaware. U.S. concern about intellectual property theft by China has been heightened, with President Donald Trump in August authorizing an inquiry into the matter.

  • AT&T sank 6.1 percent, its worst loss in nine years, after the company said it was losing DirecTV subscribers. Cable company Charter fell 2.6 percent and entertainment conglomerate Viacom lost 2.5 percent on reports that Viacom channels may go off the air in the New York area because of a contract dispute. Cable company Charter fell 1.6 percent and...

  • NEW YORK— Financial conglomerate Citigroup said its third-quarter profits increased 8 percent from a year earlier, helped by a boost in its investment banking division. Citigroup said it earned $4.13 billion, or $1.42 per share, compared with a profit of $3.84 billion, or $1.24 per share, in the same period a year earlier. In a statement, Citigroup CEO Michael...

  • This beat an average estimate of 106.1 billion yen from three analysts polled by Thomson Reuters. It has nearly 20,000 7- Eleven stores in Japan and 8,500 in the United States. Under President Ryuichi Isaka, who became chief of the $100 billion retail conglomerate in May last year, Seven& i has put more focus on 7- Eleven in Japan and the United States.

  • SEOUL, Oct 12- The heir to South Korea's Samsung Group appeared in a packed court on Thursday for the first day of arguments in the appeal of his five-year jail term for corruption. The 49- year-old Jay Y. Lee was convicted by a lower court in August of bribing former president Park Geun-hye to help strengthen his control of the crown jewel in the conglomerate,...

  • SEOUL, Oct 12- The heir to South Korea's Samsung Group appeared in a packed court on Thursday for the first day of arguments in the appeal of his five-year jail term for corruption. The 49- year-old Jay Y. Lee was convicted by a lower court in August of bribing former president Park Geun-hye to help strengthen his control of the crown jewel in the conglomerate,...

  • *Kobe previously said aluminium and copper products affected. TOKYO, Oct 11- Japan's Kobe Steel Ltd plunged deeper into crisis on Wednesday as fresh revelations showed data fabrication at the steelmaker was more widespread than initially thought, heightening a safety scare along the global supply chain. Kobe Steel said late on Wednesday it found 70 cases of...

  • JPMorgan analyst Stephen Tusa Jr. cut his price target on GE Wednesday and said he sees a dividend cut as "increasingly likely."

  • TOKYO, Oct 11- The Tokyo bourse said on Wednesday it was taking Toshiba Corp off a special watchlist, citing improved internal controls- a move that lessens but does not completely remove the risk of a delisting for the embattled conglomerate. Aiming to plug the hole in its balance sheet, the Japanese company last month agreed to sell its chip unit to a consortium...

  • *Tokyo bourse removes Toshiba from special watchlist. TOKYO, Oct 11- Proxy advisory firm ISS said on Wednesday it has recommended on that Toshiba Corp's shareholders do not approve its earnings statements for the past financial year- the same day that the Tokyo bourse said it was taking the conglomerate off a special watch list. PricewaterhouseCoopers Aarata...

  • 4 key Wall Street proxy fights

    Jim Cramer opines on activist investors using four distinct cases including the proxy battle at Procter & Gamble.

  • Cramer's take on 4 key Wall Street proxy fights

    Jim Cramer opines on activist investors using four distinct cases including the proxy battle at Procter & Gamble.