- Siemens solicits private equity offers for NSN stake: sources Reuters - 7 hours ago
FRANKFURT (Reuters) - German industrial conglomerate Siemens is seeking offers from private equity firms to buy its stake in its telecoms equipment joint venture Nokia Siemens Networks (NSN), three sources ...
- Fitch Affirms Genting and Genting Singapore at 'A-'/ Stable Reuters - 10 hours ago
(Repeat for additional subscribers) June 18 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings has affirmed Malaysia-based gaming conglomerate Genting Berhad's (Genting) ...
- Honeywell wins EU approval for $600 million Intermec buy Reuters - Fri, Jun 14, 2013 10:46 BST
BRUSSELS (Reuters) - U.S. conglomerate Honeywell (HON.N) secured EU regulatory approval on Friday for its $600 million acquisition of mobile computing device maker Intermec (IN.N). Honeywell, which makes ...
- Glencore Xstrata taps banks for more credit Sharecast - Fri, Jun 14, 2013 08:23 BST
Glencore Xstrata, the newly merged resources conglomerate, has signed revolving credit facilities worth 17.34bn dollars to support general corporate activity, replacing the previous facilities of the two ...
- News Corp shareholders approve breakup plan AFP - Tue, Jun 11, 2013 21:14 BST
A News Corp sign is seen outside of its offices in New York October 27, 2004. Company shareholders approved a plan to split the Rupert Murdoch-led conglomerate into two independent firms, one focusing ...
- India's Reliance says to invest $26 bln, tight-lipped on 4G plans Reuters - UK Focus - Thu, Jun 6, 2013 08:49 BST
Indian conglomerate Reliance Industries Ltd will spend more than $26 billion across its businesses over three years, it said on Thursday, giving few details of plans for its long-anticipated launch of ...
- Carlyle's Arinc draws takeover interest from GE, Rockwell - sources Reuters - Tue, Jun 4, 2013 16:21 BST
NEW YORK (Reuters) - Carlyle Group LP's aerospace communications firm Arinc Inc has drawn early takeover interest from industry conglomerates and private equity firms in an auction that may fetch between ...
- Primark ties up with ASOS for foray into online sales Reuters - Mon, Jun 3, 2013 20:43 BST
(Reuters) - Britain's Primark has tied up with online fashion merchant ASOS to sell clothes over the Internet, as the discount apparel chain tries Web-based retailing for the first time. Owned by conglomerate ...
- Broker snap: Increased cash return possible at Melrose, says Investec Sharecast - Mon, Jun 3, 2013 11:14 BST
Investec has reiterated its 'buy' rating and 300p target price for manufacturing conglomerate Melrose after the company confirmed that it is looking at the possible sale of its Crosby and Acco lifting ...
- Reliance Industries surges on KG-D6 gas discovery Reuters - Mon, May 27, 2013 11:30 BST
MUMBAI (Reuters) - Shares in Reliance Industries(RELI.NS) ended up 5.32 percent on Monday after the conglomerate and its partners said they had made a significant gas discovery in the KG-D6 block off India's ...
- Sistema India phone unit net loss widens Reuters - Mon, May 27, 2013 10:46 BST
NEW DELHI (Reuters) - Russian conglomerate Sistema's(SSAq.L) Indian mobile phone services unit reported a wider quarterly loss on Monday, hurt mainly by one-off impairment costs as it shut down operations ...
- India's Reliance Industries shares surge on KG-D6 gas discovery Reuters - UK Focus - Mon, May 27, 2013 04:40 BST
Shares in Reliance Industries Ltd rose 2.1 percent in pre-open trading on Monday after the conglomerate and its partners said they had made a significant gas discovery in the KG-D6 block off India's east ...
- News Corp approves Murdoch split for June 28 AFP - Fri, May 24, 2013 22:14 BST
A News Corporation logo is pictured on October 26, 2004. News Corp's board on Friday approved the break-up of the conglomerate into two independent companies, separating the high-flying entertainment assets ...
- News Corp approves split into two firms June 28 AFP - Fri, May 24, 2013 14:34 BST
A News Corporation logo is pictured on October 26, 2004. News Corp said Friday its board approved the breakup of the media-entertainment conglomerate headed by Rupert Murdoch into two separate companies, ...
- GE sees $2.4 bn in acquisitions by year-end AFP - Wed, May 22, 2013 23:30 BST
General Electric CEO Jeff Immelt speaks on September 20, 2012 in San Francisco, California. US industrial conglomerate General Electric expects to spend about $6.7 billion in acquisitions through the rest ...
- GE sees $6.7 bn in acquisitions by year-end AFP - Wed, May 22, 2013 21:42 BST
General Electric CEO Jeff Immelt speaks on September 20, 2012 in San Francisco, California. US industrial conglomerate General Electric expects to spend about $6.7 billion in acquisitions through the rest ...
- San Miguel keen to keep bank unit if CIMB walks away from deal -president Reuters - Tue, May 21, 2013 10:04 BST
MANILA, May 21 (Reuters) - Philippine conglomerate San Miguel Corp is willing to keep its banking arm if Malaysia's second-largest lender, CIMB Group Holdings Bhd , walks away from a deal worth nearly ...
- Fund scams target Indians beyond the reach of banks Reuters - Fri, May 17, 2013 09:31 BST
By Swati Pandey and Sujoy Dhar MUMBAI/KOLKATA (Reuters) - Dalia Ghosh, a 28-year-old nurse in Kolkata, invested her savings in an unlicensed fund run by media conglomerate Saradha Group last year, hoping ...
- Malaysia's UMW may raise $1 billion in energy unit IPO Reuters - Fri, May 17, 2013 08:37 BST
KUALA LUMPUR (Reuters) - UMW Holdings Bhd , Malaysia's industrial-to-automotive conglomerate, is planning to sell 39 percent of its oil and gas unit in an IPO, a deal that some bankers say could raise ...
- Malaysia's UMW may raise $1 bln in energy unit IPO Reuters - UK Focus - Fri, May 17, 2013 08:36 BST
UMW Holdings Bhd, Malaysia's industrial-to-automotive conglomerate, is planning to sell 39 percent of its oil and gas unit in an IPO, a deal that some bankers say could raise up to $1 billion. The listing ...
- Malaysia's UMW to sell 39 pct in energy unit IPO, may raise $1 bln Reuters - Fri, May 17, 2013 02:16 BST
KUALA LUMPUR, May 17 (Reuters) - UMW Holdings Bhd, Malaysia's industrial-to-automotive conglomerate, is planning to sell 39 percent of its oil and gas unit in an IPO, a deal that some bankers say could ...
- The worst job I've ever had: Working for a reinsurance company Yahoo! Contributor Network - Thu, May 16, 2013 15:37 BST
As a child I wanted to be a writer, ballet dancer, musician and actor. A superstar, basically. I don't think any child ever really thinks 'I want to be an office worker' or at least not without believing that they'll be the CEO of some multinational conglomerate.
- S&P cuts Berkshire Hathaway rating one notch to 'AA' Reuters - Thu, May 16, 2013 14:42 BST
REUTERS - Credit-rating agency Standard & Poor's on Thursday cut its rating on Berkshire Hathaway Inc (BRKa.N)(BRKb.N), the insurance and industrial conglomerate controlled by billionaire investor Warren ...
- Bertelsmann's RTL sees tough Europe hampering profit Reuters - Thu, May 16, 2013 11:11 BST
FRANKFURT (Reuters) - German media conglomerate Bertelsmann's broadcaster RTL warned a tough European market meant it was still not sure profit would match last year's level after a first-quarter rise. ...
- Lonrho bows out after sale to Swiss investors for £175m Telegraph - Wed, May 15, 2013 20:12 BST
Lonrho, the 104-year-old conglomerate made famous by businessman Tiny Rowland, is to leave the London market after agreeing a £175m takeover by multi-millionaire Swiss investors.
- Lonrho agrees bumper takeover deal with Swiss billionaire Sharecast - Wed, May 15, 2013 12:19 BST
Africa-focused mini-conglomerate Lonrho has agreed terms for its takeover almost double its opening market value.
- UK's Lonrho gets buyout offer of nearly double its market value Reuters - Wed, May 15, 2013 12:03 BST
(Reuters) - British conglomerate Lonrho Plc , whose roots go back more than a 100 years to colonial Africa, received a buyout offer valuing the company about 175 million pounds ($266 million), double its ...
- Singapore's Straits Trading up nearly 5 pct after WBL deal Reuters - Tue, May 14, 2013 02:27 BST
SINGAPORE, May 14 (Reuters) - Shares in Singapore conglomerate Straits Trading Co jumped nearly 5 percent on Tuesday to a three-year high of S$4.16, after the company accepted an offer for its holdings ...
- Straits Trading accepts United Engineers' bid for WBL Corp stake Reuters - Mon, May 13, 2013 11:19 BST
SINGAPORE (Reuters) - Singapore conglomerate Straits Trading Company (STCM.SI) said on Monday it has decided to accept an offer for its holdings in WBL Corp (WEAS.SI) from a group led by United Engineers ...
- UBS is given a little nudge in the ribs from Knight Vinke Telegraph - Sat, May 11, 2013 16:32 BST
For a shareholder with just 1.2pc of the equity in UBS, Knight Vinke appears to be making a lot of effort to encourage the Swiss banking conglomerate to change its ways.
- Hitachi forecasts 18.5 percent rise in full-year profit, in line with estimates Reuters - Fri, May 10, 2013 07:54 BST
TOKYO (Reuters) - Hitachi Ltd forecast an 18.5 percent jump in operating profit for this fiscal year, in line with expectations, as the electronics conglomerate reaps the benefits of a weaker yen while ...
- Travellers International files for up to $854 mln Philippine IPO-IFR Reuters - Fri, May 10, 2013 05:46 BST
HONG KONG, May 10 (Reuters) - A joint venture between casino operator Genting Hong Kong Ltd and Philippine conglomerate Alliance Global Group Inc could raise up to $854 million in an initial public offering ...
- Melrose impresses with positive update Sharecast - Wed, May 8, 2013 10:17 BST
Melrose, the industrial conglomerate which buys and sells manufacturing businesses, impressed investors on Wednesday after reporting that its recently acquired Elster business has achieved further improvements ...
- Interview: Embattled Sahara seeks equity, debt infusion Reuters - Mon, May 6, 2013 15:35 BST
By Tony Munroe LUCKNOW (Reuters) - The embattled Sahara conglomerate is looking to bring equity and debt investment into its businesses as an ongoing dispute with the Securities and Exchange Board of India ...
- HIGHLIGHTS: Berkshire Hathaway's annual meeting of shareholders Reuters - Sun, May 5, 2013 05:46 BST
OMAHA, Nebraska (Reuters) - More than 35,000 people descended on Omaha, Nebraska, on Saturday for the annual shareholder meeting of Warren Buffett's ice cream-to-insurance conglomerate, Berkshire Hathaway ...