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  • TOKYO/NEW DELHI (Reuters) - NTT DoCoMo Inc (9437.T), Japan's biggest telecom network by subscribers, will sell its stake in its loss-making Indian mobile phone joint venture to partner Tata Group, people with direct knowledge of the matter said on Friday. NTT DoCoMo will make a formal decision on the sale of its 26.5 percent …

  • MEXICO CITY (Reuters) - Billionaire Carlos Slim's conglomerate Grupo Carso (MEX:GCARSOA1) on Thursday reported a higher first-quarter profit as lower sales and financing costs offset a dip in revenue. ...

  • Shares of Alstom (ALSO.PA) jumped 10.9 percent on Thursday after a report that U.S. conglomerate General Electric (GE.N) was in talks to buy the struggling French turbine and train maker for about $13 billion. The companies may announce the deal as early as next week, Bloomberg cited people with knowledge of the matter …

  • Shares of Alstom (PAR:ALO) jumped 10.9 percent on Thursday after a report that U.S. conglomerate General Electric (NYS:GE) was in talks to buy the struggling French turbine and train maker for about $13 billion (7 billion pounds). The companies may announce the deal as early as next week, Bloomberg cited people with knowledge …

  • Neovia Logistics LLC, a logistics services provider backed by industrial equipment conglomerate Caterpillar Inc (NYS:CAT), is exploring a sale that could value the company at more than $1 billion (595 million pounds), according to people familiar with the matter. Neovia has enlisted investment bank UBS AG (VTX:UBSN) to …

  • The Vivendi logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris

    French conglomerate Vivendi (VIV.PA) said it would pay out close to 5 billion euros in dividends and buy backs this year and next, rewarding shareholders after three major asset sales including that of its biggest unit, telecom operator SFR. The plan, which will be put to a vote at a June 24 shareholder meeting, caps Vivendi's …

  • Bullhorn®, the global leader in recruiting software, today announced that Vaco – a conglomerate of accounting, financial, IT, and administrative consulting and recruiting firms – has chosen the Bullhorn ATS/CRM to streamline its recruiting processes and improve productivity across all 29 of its offices.

  • Shares in Alstom (PAR:ALO) jumped more than 14 percent on Thursday after a report that U.S. conglomerate General Electric (NYS:GE) was in talks to buy the struggling French turbine and train maker for about $13 billion (7 billion pounds). If confirmed, a takeover offer from a foreign company would raise eyebrows among …

  • Associated British Foods (ABF), one of the few remaining conglomerates on the FTSE 100, yesterday released a strong first half trading update, including a six per cent increase in pre-tax profits. That ...

  • Associated British Foods is a good example of the benefits of a diversified conglomerate, says Questor

  • Buffett: moving oil by rail safely major industry concern Reuters - Thu, Apr 24, 2014 06:28 BST
    Buffett, co-chair of the 10,000 Small Businesses Advisory Council, takes part in a panel discussion in Detroit, Michigan

    Warren Buffett, chairman of conglomerate Berkshire Hathaway, said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely. He added that the delay in the construction of the Keystone pipeline was unlikely to prompt additional …

  • Warren Buffet leaves the first session of the annual Allen and Co. conference at the Sun Valley

    Warren Buffett, chairman of conglomerate Berkshire Hathaway (NYS:BRK.A), said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely. He added that the delay in the construction of the Keystone pipeline was unlikely to prompt …

  • Primark set to launch its first stores in the US City A.M. - Thu, Apr 24, 2014 01:43 BST
    Primark set to launch its first stores in the US

    ASSOCIATED British Foods (ABF) is taking Primark to the US, the FTSE 100 conglomerate announced yesterday, as it reported a 26 per cent leap in the budget clothing chain’s profits.Primark is set to open ...

  • Weaker FTSE 100 gets support from ABF and AstraZeneca Reuters - Wed, Apr 23, 2014 17:29 BST

    U.S. expansion plans for Associated British Foods and expectations of consolidation in the drugs sector kept FTSE 100 near a two-week high on Wednesday. Clothing and food conglomerate AB Foods surged 8.8 percent, its best one-day percentage gain for 14 years, after saying its fast-growing clothing chain Primark is to set …

  • STOCKS NEWS EUROPE-Associated British Foods surges after H1 results Reuters - UK Focus - Wed, Apr 23, 2014 09:11 BST

    Shares in clothing and food conglomerate Associated British Foods surge to the top of the blue-chip FTSE 100 index, marking their best one-day gain in percentage terms in 14 years, after posting higher ...

  • Economic growth may be slowing in China, and fears of a credit crunch there may be rife, but the world's second-largest economy was a driving force for U.S. company profits in the last quarter. Some of the biggest names in Corporate America, including Coca-Cola Co, General Motors Co, United Technologies Corp and McDonald's …

  • A woman walks past electric bikes sitting outside a McDonalds fast-food outlet in central Beijing

    Economic growth may be slowing in China, and fears of a credit crunch there may be rife, but the world's second-largest economy was a driving force for U.S. company profits in the last quarter. Some of the biggest names in Corporate America, including Coca-Cola Co (KO), General Motors Co (GM), United Technologies Corp …

  • M&A activity in pharma helps European stocks extend rally Reuters - UK Focus - Tue, Apr 22, 2014 12:08 BST

    European shares rose on Tuesday, extending last week's gains, as mergers and acquisitions activity in the pharmaceuticals sector eclipsed disappointing results from Dutch conglomerate Philips. The STOXX ...

  • M&A in pharma helps European stocks extend rally Reuters - UK Focus - Tue, Apr 22, 2014 09:02 BST

    European shares rose in early trade on Tuesday as mergers and acquisitions activity in the pharma sector helped the market extend last week's gains and eclipse disappointing results from Dutch conglomerate ...

  • Far from the spotlight, in secretive high-level meetings and company boardrooms, Beijing is drawing up one of the country's thorniest reforms: an overhaul of China's hugely inefficient state-owned industry. Yet taken together they probably mark the beginning of the biggest revamp of China's state sector since late 1990s, …

  • By combining better capital management and a strategic approach to portfolio streamlining, diversified companies can actively address the "conglomerate discount," which reduces their valuations ...

  • Russia's Sistema recommends more than doubling dividend for 2013 Reuters - UK Focus - Mon, Apr 21, 2014 17:15 BST

    Russian oil-to-telecoms conglomerate Sistema said on Monday it planned to pay 2.06 roubles per share in 2013 dividends, up from 0.96 roubles the previous year. The board has recommended paying a total ...

  • RIL telecoms unit in tower lease pact with ATC Reuters - Mon, Apr 21, 2014 12:00 BST

    NEW DELHI (Reuters) - Conglomerate Reliance Industries'(RELI.NS) telecommunications unit, which holds nationwide 4G permits, has agreed to lease mobile phone masts from infrastructure provider American ...

  • A Chinese executive under investigation for suspected corruption has been sacked as chairman of powerful state-owned conglomerate China Resources Holdings Co. Ltd., the official Xinhua news agency said on Saturday. Citing an official with the Organization Department of the ruling Communist Party's Central Committee, Xinhua …

  • Reliance Industries posts flat Q4 profit, meets estimates Reuters - Fri, Apr 18, 2014 14:26 BST
    A man walks past a Reliance Industries Limited sign board installed on a road divider in Gandhinagar

    MUMBAI (Reuters) - Energy conglomerate Reliance Industries Ltd (RELI.NS) posted a flat quarterly profit, in line with estimates, hurt by a slimmer margin in its oil refining business. Reliance, which operates ...

  • "The big story is the organic revenue growth," said Tim Ghriskey, chief investment officer of Solaris Asset Management, which owns GE shares. The results underscored GE Chief Executive Officer Jeff Immelt's strategy to focus the company even more on manufacturing of large industrial products as he reduces the company's …

  • Guinea's government has approved a report recommending that BSG Resources (BSGR) and its joint venture partner, Brazilian mining giant Vale, be stripped of two iron ore concessions, a Guinean government source said on Thursday. BSGR, the mining branch of Israeli billionaire Beny Steinmetz's conglomerate, has denied the …

  • Chairman of China conglomerate being investigated Associated Press - Thu, Apr 17, 2014 13:57 BST

    China's ruling Communist Party says the chairman of a massive state-owned conglomerate is being investigated on suspicion of corruption, nine months after the government audited the company. The party's ...

  • Orix Corp (TYO:8591), one of Japan's largest financial services conglomerates, and some Chinese non-bank finance companies also placed bids this week, they added. The sale of PrimeCredit is expected to be the first of several sales of non-core businesses by Standard Chartered as it seeks to boost shareholder returns and …

  • House of Fraser sales hit record for new owners City A.M. - Wed, Apr 16, 2014 01:41 BST
    House of Fraser sales hit record for new owners

    BOOMING online sales helped House of Fraser deliver record gross profits last year, the department group said yesterday in the wake of its acquisition by Chinese conglomerate Sanpower.House of Fraser’s ...

  • Jeff Immelt, Chairman and CEO of General Electric appears at a news conference announcing the Head Health Initiative along with the National Football League (NFL) in New York

    Immelt, who has been at the helm of the industrial conglomerate since 2001, has led several board discussions about shortening the expected tenure for GE's next chief executive to between 10 and 15 years, the Journal said. Among the leading candidates identified to succeed Immelt are Lorenzo Simonelli, who took over the …

  • GE's Immelt may exit before expected tenure ends - WSJ Reuters - Tue, Apr 15, 2014 08:15 BST
    Jeff Immelt, Chairman and CEO of General Electric appears at a news conference announcing the Head Health Initiative along with the National Football League (NFL) in New York

    Immelt, who has been at the helm of the industrial conglomerate since 2001, has led several board discussions about shortening the expected tenure for GE's next chief executive to between 10 and 15 years, the Journal said. Among the leading candidates identified to succeed Immelt are Lorenzo Simonelli, who took over the …

  • Questor share tip:Conglomerate is key for Carr's Milling Telegraph - Tue, Apr 15, 2014 07:00 BST

    The small-cap conglomerate proves the value of its unconventional business model, says Questor

  • A GE logo is seen in a store in Santa Monica

    Commercial real estate, which GE Capital expects to make up 10 percent to 15 percent of its portfolio in the future, stands as another major potential area for GE to abandon, analysts and investors said. "From my investor's point of view, the more they look like an industrial company, the better off they are," said Andrew …

  • Brazilian tycoon Batista faces insider trading probes Reuters - Sat, Apr 12, 2014 03:07 BST

    Eike Batista, who was Brazil's richest man for most of the past decade, is under investigation for allegedly engaging in insider trading while he chaired his now-bankrupt oil-producing and shipbuilding firms, securities industry watchdog CVM said on Friday. In a statement sent to Reuters, Rio de Janeiro-based CVM confirmed …

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