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Capital Goods Industrial Conglomerates

  • Oct 9- U.S. industrial conglomerate General Electric Co, which major shareholder Trian Fund Management has been pressuring to conduct a more thorough restructuring, appointed the hedge fund's chief investment officer to its board on Monday. Edward Garden will replace Robert Lane, who is retiring due to health reasons after a dozen years as a director, GE said in...

  • Oct 9- U.S. industrial conglomerate General Electric Co, which major shareholder Trian Fund Management has been pressuring to conduct a more thorough restructuring, appointed the hedge fund's chief investment officer to its board on Monday. Edward Garden will replace Robert Lane, who is retiring due to health reasons after a dozen years as a director, GE said in...

  • Oct 9- U.S. industrial conglomerate General Electric Co, which major shareholder Trian Fund Management has been pressuring to conduct a more thorough restructuring, appointed the hedge fund's chief investment officer to its board on Monday. Edward Garden will replace Robert Lane, who is retiring due to health reasons after a dozen years as a director, GE said in...

  • Oct 9- U.S. industrial conglomerate General Electric Co said on Monday it had elected Ed Garden, the founding partner and chief investment officer of activist investment firm Trian Fund Management, to its board of directors. Garden will replace Robert Lane, who is retiring due to health reasons, GE said in a statement. Nelson Peltz- led Trian, which has a stake of...

  • Oct 8- Honeywell International Inc plans to spin off non-core assets and create at least two new publicly listed companies, as the U.S. industrial conglomerate seeks to streamline its business, according to people familiar with the matter. The move would represent the first major shakeup at the Morris Plains, New Jersey- based company since Darius Adamczyk...

  • Oct 6- U.S. industrial conglomerate General Electric Co said on Friday it promoted Jamie Miller, who has been the head of its transportation unit, to chief financial officer, replacing Jeffrey Bornstein. The change is the latest since John Flannery took over as company CEO on Aug. 1. "Flannery wants to tell people that he is going to hold people accountable," Scott...

  • Oct 6- U.S. industrial conglomerate General Electric Co said on Friday it promoted Jamie Miller to chief financial officer, effective Nov. 1, replacing Jeffrey Bornstein. Earlier this week, GE named CEO John Flannery chairman of the board, three months ahead of schedule, after former CEO Jeff Immelt retired earlier than expected from the chairmanship.

  • Oct 6- U.S. industrial conglomerate General Electric Co said on Friday it appointed Jamie Miller, chief executive of GE Transportation, as its chief financial officer, effective Nov. 1.

  • Oct 6- Indian oil-to-telecoms conglomerate Reliance Industries Ltd signed a deal to exit a U.S. shale asset, a move that marks the end of its seven years of investment which slumped into losses due to the global oil price downturn. Houston- based Carrizo Oil& Gas Inc, the operator of the Marcellus shale in north-eastern and central Pennsylvania, also exited its...

  • MOSCOW, Oct 5- Saudi Arabia's SALIC is considering investing in a Russian grain producer owned by Russian conglomerate Sistema and members of the Louis-Dreyfus family, Sistema said on Thursday. The memorandum of understanding was one of several signed at the Russian-Saudi Business Investment Forum in Moscow. Saudi Arabia's King Salman is meeting Russia's...

  • SAO PAULO, Oct 4- French energy conglomerate Engie SA has appetite for more Brazil acquisitions, and will evaluate assets being sold by Eletrobras, despite spending more than $1 billion in a licensing auction last week, Engie's local unit head told Reuters on Wednesday. Brazil's state-controlled utility Eletrobras, or Centrais Elétricas Brasileiras SA, said...

  • HONG KONG/ NEW YORK, Oct 4- An Indian-American dealmaker for HNA Group, who recently held a big stake in the Chinese conglomerate, said he kept the shares for a decade as an "accommodation" to the company and received no compensation for doing so. The reason was that he is not a Chinese citizen and would not need Beijing's approval to hold shares outside of China, he said...

  • HONG KONG/ NEW YORK, Oct 4- An Indian-American dealmaker for HNA Group, who recently held a big stake in the Chinese conglomerate, said he kept the shares for a decade as an "accommodation" to the company and received no compensation for doing so. The reason was that he is not a Chinese citizen and would not need Beijing's approval to hold shares outside of China, he said...

  • It employs more than more than 27,000 people and is the 15th- largest private company in the United States, with annual sales of about $19.6 billion, Forbes magazine said. The Haslam family led by billionaire Jimmy Haslam, who also controls the Cleveland Browns football team, will keep a 50.1 percent stake and the Maggelet family's FJ Management Inc will retain...

  • Oct 2- U.S. industrial conglomerate General Electric Co's chairman Jeff Immelt retired earlier-than-expected on Monday, with the company naming Chief Executive John Flannery as his replacement. Immelt, who was expected to retire by the end of this year, had resigned as GE's CEO in June amid amounting pressure from activist-investor Nelson Peltz's Trian Fund...

  • Sept 29- U.S. industrial conglomerate Honeywell International Inc announced plans to increase its annual divided by 12 percent on Friday as it resists pressure from investors to part with its aerospace unit. Activist investor Daniel Loeb and his hedge fund Third Point LLC have argued Honeywell is undervalued compared to peers in industrial automation and...

  • Sept 29- U.S. industrial conglomerate Honeywell International Inc announced plans to increase its annual divided by 12 percent on Friday as it resists pressure from investors to part with its aerospace unit. Sources told Reuters the company was now not planning to spin off its largest single business and would sell only some limited assets, potentially...

  • Sept 29- U.S. industrial conglomerate Honeywell International Inc will increase its annual divided by 12 percent as of the fourth quarter of this year, the company said on Friday, as it resists pressure from investors to part with its aerospace unit. Separately, CNBC cited sources as saying that the company would not now spin off the aerospace unit, as activist...

  • FRANKFURT, Sept 27- Siemens and Alstom have agreed to merge their rail businesses, creating a bigger second player to China's CRRC, with sales of 15.3 billion euros. 2013- Siemens bought Britain's Invensys Rail Group for 1.7 billion pounds. 2015- Japan's Hitachi bought Ansaldo STS& Breda from Italy's Finnmeccanica for about 800 million euros.

  • BEIJING/ HONG KONG, Sept 27- Privately-run conglomerate CEFC China Energy has obtained preliminary state approval for its proposed $9.1 billion investment in Russian oil major Rosneft, three sources with knowledge of the matter told Reuters. CEFC said earlier this month it will buy a 14.16 percent stake in Rosneft from a consortium of Glencore and the Qatar...