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  • Liberty House to submit bid for Tata Steel UK on Tuesday Reuters - UK Focus - Tue, May 3, 2016 08:24 BST

    Metals group Liberty House will submit a letter of intent to buy the British assets of Tata Steel on Tuesday, a spokeswoman said, in the first concrete bid since the Indian conglomerate put the business up for sale, threatening thousands of jobs. Liberty's Executive Chairman Sanjeev Gupta had been the first businessman …

  • Warren Buffett speaks at Fortune's Most Powerful Women Summit in Washington

    Warren Buffett, chairman and chief executive of conglomerate Berkshire Hathaway, said Monday he would be more likely to buy than sell IBM shares over the next two years, and that he did not seek to profit from global central bank actions. Buffett, whose Berkshire held an 8.59 percent stake in IBM as of the end of last …

  • Buffett says Berkshire 'fine' with Trump or Clinton Reuters - Sun, May 1, 2016 03:04 BST
    Warren Buffett talks to reporters as he tours the exhibit hall during the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska

    Warren Buffett said on Saturday that Berkshire Hathaway Inc is poised to do well no matter who wins the White House in November, and the billionaire investor defended the performance and tactics of the conglomerate's several large investments. Buffett presided over his 51st Berkshire annual meeting in Omaha, Nebraska, …

  • Buffett says hedge funds are a bad deal for investors Reuters - Sat, Apr 30, 2016 23:15 BST

    The storied stockpicker - speaking at a table festooned with Berkshire Hathaway Inc-owned See's Candies at the conglomerate's annual shareholder meeting - suggested that "supposedly sophisticated people" and institutions are being fleeced by hedge funds and their backers. "There's been far, far, far more money made by …

  • [$$] Buffett Assails Valeant as 'Enormously Flawed' @ The Wall Street Journal - Sat, Apr 30, 2016 23:07 BST

    The Berkshire Hathaway chief offered up his assessment of the beleaguered drug company during a question-and-answer session at the conglomerate’s annual meeting.

  • Faraday Future's business partner wants to dominate Silicon Valley Business Insider - Sat, Apr 30, 2016 22:32 BST

    SAN JOSE, California — A giant Chinese media conglomerate has landed in Silicon Valley...

  • Comcast to buy DreamWorks Animation for $3.8 billion Reuters - Fri, Apr 29, 2016 16:13 BST

    Comcast Corp, the owner of NBCUniversal, said on Thursday it would buy Hollywood studio DreamWorks Animation SKG Inc for $3.8 billion to boost its family-friendly offerings and help it take on media conglomerate Walt Disney. The acquisition will add major children's franchises to Universal's film library such as "Shrek," …

  • Reliance March oil imports up 22 percent year-on-year Reuters - Fri, Apr 29, 2016 14:17 BST
    Labourers rest in front of an advertisement of Reliance Industries Limited at a construction site in Mumbai

    Reliance Industries (RELI.NS), owner of the world's biggest refining complex, shipped in 22 percent more oil in March compared with last year, when its imports were less due to maintenance shutdown of a few units at its 660,000-barrels-per-day (bpd) refinery, according to tanker arrival data from trade sources and ship-tracking …

  • SAN JOSE, California — A giant Chinese media conglomerate has landed in Silicon Valley...

  • Diversified publishing conglomerate Gannett Co., Inc. (GCI) reported first-quarter 2016 results, wherein earnings of 29 cents a share easily surpassed the Zacks Consensus Estimate of 12 cents.

  • 3M’s Operating Margins and Acquisitions Lifted Earnings in 1Q16 Market Realist - Thu, Apr 28, 2016 15:05 BST

    3M (MMM), a diversified industrial conglomerate, released its 1Q16 earnings before markets opened on April 26.

  • The New York Times Company (NYT), a diversified media conglomerate, is slated to report first-quarter 2016 results on May 3.

  • News Corporation (NWSA), the diversified media conglomerate, is slated to report third-quarter fiscal 2016 results on May 5.

  • Russia's Rusagro says raises around $250 mln via share sale Reuters - UK Focus - Thu, Apr 28, 2016 07:23 BST

    Russian farming conglomerate Rusagro said on Thursday it had priced its secondary share sale at $15 per global depositary receipt and raised around $250 million. The company had placed 16.7 million GDRs ...

  • China's HNA to buy owner of Radisson hotel chain Reuters - Thu, Apr 28, 2016 02:27 BST

    A unit of China's HNA Group has agreed a deal to buy Carlson Hotels, the owner of the Radisson hotel chain, the firms said in a joint statement late on Wednesday, continuing a spree of overseas deals by Chinese firms. HNA Tourism Group Co Ltd, a division of aviation and shipping conglomerate HNA Group Co Ltd [HNAIRC.UL], …

  • Samsung Biologics Plans for IPO on Korean Exchange This Year @ Bloomberg - Thu, Apr 28, 2016 02:08 BST

    Samsung Biologics Co., the drug-manufacturing arm of the South Korean conglomerate, said it plans to list its shares in South Korea this year as it seeks to ramp up its presence in the growing market for ...

  • India's Tata Starts Tech Transformation With Yoga Wearables @ Bloomberg - Thu, Apr 28, 2016 00:30 BST

    India’s largest conglomerate leads the nation in industries from steel to software. The Tata Group now wants to add wearables to the list.

  • [$$] China's HNA to Buy Carlson Rezidor Hotel Group @ The Wall Street Journal - Wed, Apr 27, 2016 23:56 BST

    Carlson Rezidor Hotel Group, the home to brands including Radisson and Country Inns & Suites, will be sold to a unit of Chinese conglomerate HNA Group.

  • Rusagro prices GDR at $15 in secondary share offering -banking sources Reuters - UK Focus - Wed, Apr 27, 2016 18:35 BST

    Russian farming conglomerate Rusagro has priced its global depositary receipt at $15 per GDR in a secondary share sale, at the lower end of its previous guidance, banking sources told Reuters on Wednesday. ...

  • Saudi Aramco sets financing plans for industrial push Reuters - Wed, Apr 27, 2016 14:53 BST

    The world's biggest energy company Saudi Aramco outlined financing plans on Wednesday that will support its expansion into new areas under a sweeping economic reform plan released by Riyadh this week. The reforms envisage Aramco transforming itself from an oil and gas firm into a "global industrial conglomerate" involved …

  • AT&T Postpaid Phone Subscriber Losing Streak Hits Six Quarters @ Investor's Business Daily - Wed, Apr 27, 2016 14:09 BST

    Telecom conglomerate AT&T (T) reported Q1 earnings late Tuesday that topped expectations and in-line revenue, as it had a net loss of postpaid phone subscribers -- those billed monthly -- for the sixth ...

  • Sipp Industries, Inc. , a diversified conglomerate corporation specializing in technology, manufacturing and distribution of commercial and consumer products announces that Sipp Industries and Ute Pass ...

  • Russia's Rusagro share sale price guidance $15.0-15.5/GDR - sources Reuters - UK Focus - Wed, Apr 27, 2016 10:08 BST

    The price guidance for Russian farming conglomerate Rusagro's secondary share sale is $15.0-15.5 per global depositary receipt, two sources close to the placement said on Wednesday. The books will close ...

  • A green group has asked the Supreme Court of Queensland to review the environmental approval granted to Indian conglomerate Adani Enterprise Ltd to build one of the world's biggest coal mines in the Australian state. Adani, which was granted a mining lease by Queensland earlier this month, has battled opposition from green …

  • Pension deficit at Tata Steel UK could drive away potential buyers @ International Business Times Finance ONC UK - Wed, Apr 27, 2016 05:32 BST
    Investor Liberty House confirms bid for Tata Steel's UK operations

    The sale of Tata Steel's UK operations may run into some problems. The Indian conglomerate, which has put the company up for sale, said the pension fund, which has 133,000 members, has £14bn in assets and a funding deficit of £485m. Tata Steel had on 30 March announced it would sell its loss-making UK steel business, …

  • Cable and Media Stocks to Report Earnings: CMCSA, TWC, VIAB

    Let's take a look at some cable and media conglomerates that are expected to report quarterly results this week.

  • Toshiba takes $2.3 bn hit from Westinghouse write-down

    Scandal-hit conglomerate Toshiba is now expecting a net loss of 470 bn yen for the last financial year, much lower than the previous estimate of 710 bn yen

  • Toshiba takes $2.3 bn hit from Westinghouse write-down

    Scandal-hit conglomerate Toshiba is now expecting a net loss of 470 bn yen for the last financial year, much lower than the previous estimate of 710 bn yen

  • Books are covered for Russian company Rusagro's new share issue-sources Reuters - UK Focus - Tue, Apr 26, 2016 07:03 BST

    Books for Russian farming conglomerate Rusagro's secondary share offering have been covered in full, two sources close to the placement said on Tuesday. Rusagro, which produces sugar, pork and fats and ...

  • Toshiba Books $6.2 Billion Loss After Westinghouse Writedown @ Bloomberg - Tue, Apr 26, 2016 05:49 BST
    Toshiba Books $6.2 Billion Loss After Westinghouse Writedown

    Toshiba Corp. posted a wider-than-forecast operating loss after the troubled electronics conglomerate wrote down the value of its Westinghouse power unit.

  • [$$] Sony Building Sold to International Property Investors @ The Wall Street Journal - Tue, Apr 26, 2016 05:47 BST

    Olayan America, a subsidiary of Saudi investment conglomerate Olayan Group, and London-based Chelsfield Group agreed to buy 550 Madison Ave, for $1.4 billion to $1.5 billion, a person familiar with the ...

  • [$$] United Technologies Raises Dividend @ The Wall Street Journal - Tue, Apr 26, 2016 00:28 BST

    United Technologies is raising its quarterly dividend by 2 cents a share as the conglomerate moves through a three-year plan in which it has pledged to return $22 billion to shareholders.

  • Industrial ETFs in Focus on Mixed GE Q1 Performance Zacks - Mon, Apr 25, 2016 21:30 BST

    ETFs having double-digit allocation to this industrial conglomerate giant GE are in focus in the days ahead on mixed Q1 results.

  • Comfortable as a Conglomerate, Honeywell Buys More Companies Market Realist - Mon, Apr 25, 2016 21:06 BST

    Honeywell (HON) maintained its acquisition momentum from last year in the first quarter of 2016.

  • Gannett bids for Tribune Publishing newspaper rival AFP - Mon, Apr 25, 2016 18:18 BST
    Gannett bids for Tribune Publishing newspaper rival

    Gannett's bid to acquire rival Tribune Publishing would bring together two large newspaper groups which have been spun off from larger media conglomerates

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