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Capital Goods Industrial Conglomerates

  • Cramer: Will Honeywell split pay off?

    Jim Cramer analyzes Honeywell's double spin-off to see if the conglomerate is giving investors a buying opportunity.

  • A Honeywell Aerospace T55 engine at the Seoul International Aerospace & Defense Exhibition in Goyang, South Korea.

    Jim Cramer analyzes Honeywell's double spin-off to see if the conglomerate is giving investors a buying opportunity.

  • NEW YORK, Oct 20- It has been a rough 16 years for General Electric Co and its shareholders. When recently retired Chief Executive Jeff Immelt took over at the helm of GE in September 2001, the conglomerate was the most valuable U.S. publicly traded company, giving it outsized influence on the stock market. Immelt's successor John Flannery derided the results as "...

  • John Flannery, chief executive officer of GE.

    Questions about whether GE should reduce its 4.07 percent dividend yield arose after the company reported disappointing quarterly earnings.

  • The company now expects total sales of $40.2 billion to $40.4 billion from $39.3 billion to $40.0 billion estimated previously. The company was under pressure from activist investor Daniel Loeb and his hedge fund Third Point LLC to spin off its aerospace business. Net income attributable to Honeywell rose to $1.35 billion, or $1.75 per share, in the quarter...

  • Employees stand as a subsea oil and gas tree is maneuvered by a crane at the General Electric Co. (GE) manufacturing plant in Montrose, U.K.

    The new GE chairman and CEO is never going to have more "political capital" to cut the dividend, says Harbor Advisory's Jack De Gan.

  • NEW YORK, Oct 20- General Electric Co Chief Executive John Flannery said Friday investors can expect "sweeping change" from his review of the businesses, and that the industrial conglomerate will focus on profit, cash generation and accountability of employees.

  • NEW YORK, Oct 20- General Electric Co's third-quarter profit missed Wall Street estimates by a wide margin on Friday and the industrial conglomerate slashed its earnings forecast, sending the year's worst-performing Dow stock down another 6 percent. "We're still waiting for his blueprint," said Deane Dray, analyst at RBC Capital Markets. GE cut its profit...

  • Oct 20- General Electric Co's third-quarter profit missed Wall Street estimates by a wide margin on Friday and the industrial conglomerate slashed its earnings forecast, sending the year's worst-performing Dow stock down another 6 percent. GE reported adjusted profit of 29 cents a share compared with the 49 cents a share analysts had expected, according to a...

  • Net income attributable to Honeywell rose to $1.35 billion, or $1.75 per share, in the quarter ended Sept. 30 from $1.24 billion, or $1.60 per share, a year earlier. Revenue rose 3.2 percent to $10.12 billion. The company said earlier in October that it would pare its focus to four business lines, including aerospace, and spin off two businesses with $7.5 billion in...

  • FRANKFURT, Oct 19- Siemens may cut thousands of jobs as part of plans to overhaul its power turbine business, where growth in renewable energy is dampening demand for new coal and gas power stations, a person familiar with the matter said. Separately, Bloomberg cited sources as saying that Siemens also planned to restructure its Process Industries and Drives...

  • MOSCOW, Oct 19- The Croatian government's behaviour towards insolvent retail conglomerate Agrokor infringes creditors' rights, German Gref, the chief executive of Russia's top lender Sberbank, said on Thursday. "The measures undertaken by the government of Croatia, in our view, very seriously infringe creditors' rights- ours and those of all other creditors,"...

  • 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...