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  • [$$] GE Chief: Globalization Isn't Over, It Is the End of the 'Global Elite' @ The Wall Street Journal - 2 hours 2 minutes ago

    In his annual letter to investors, General Electric Chief Executive Jeff Immelt said the conglomerate’s transformation over the past decade has enabled it to profit from increasingly important markets ...

  • Malaysian conglomerate Sime Darby Bhd on Monday said it would restructure itself to ensure "an optimal capital structure" for the plantations and property businesses that it plans to spin off. The announcement comes after the conglomerate in January said it would list the businesses separately on the local stock exchange …

  • Malaysian conglomerate Sime Darby Bhd said it will undertake a restructuring of the group ahead of the planned spin-off of its plantations and property businesses. The restructuring will include the group's borrowings, the transfer of certain assets - including land - within the group, and capitalisation of inter-company …

  • JSW Group, the Indian conglomerate led by billionaire Savitri Savitri Jindal, applied under a subsidy program spearheaded by Prime Minister Narendra Modi to improve flight connectivity for small towns ...

  • Steel Tycoon Bids to Offer Commercial India Flights on Modi Push

    JSW Group, the Indian conglomerate led by billionaire Savitri Jindal, applied under a subsidy program spearheaded by Prime Minister Narendra Modi to improve flight connectivity for small towns and villages....

  • Malaysia's Sime Darby Bhd , the world's largest palm oil planter by land size, on Monday said its second-quarter net profit more than doubled from a year ago, buoyed by improved production and higher prices of the tropical oil. Profit at Sime Darby, a conglomerate with interests in industrial equipment, motors, property …

  • A Hedge Fund Giant in Samsung Empire Finds Hurdles Close to Home

    For Samsung’s $1 billion hedge fund, the looming presence of Samsung Electronics Co. -- and even the Korean conglomerate’s name -- can be part of the challenge.

  • Berkshire Hathaway Inc shareholders might have been forgiven on Saturday for looking at the company's annual report and wondering why some $56 billion of cash appeared to vanish. It did not, Chairman Warren Buffett assured them. The Omaha, Nebraska-based conglomerate has changed how it reports its cash stake, and no longer …

  • Warren Buffett, Chairman, CEO and largest shareholder of Berkshire Hathaway takes part in interviews before a fundraising luncheon for the nonprofit Glide Foundation in New York September 8, 2015. REUTERS/Lucas Jackson

    The Omaha, Nebraska-based conglomerate has changed how it reports its cash stake, and no longer includes the overall amount in its consolidated statement of cash flows.

  • It did not, Chairman Warren Buffett assured them. The Omaha, Nebraska-based conglomerate has changed how it reports its cash stake, and no longer includes the overall amount in its consolidated statement of cash flows. In his annual shareholder letter, Buffett said Berkshire has about $86 billion of cash and equivalents, …

  • NEW DELHI (Reuters) - A unit of engineering conglomerate Larsen & Toubro has won an onshore engineering, procurement and construction (EPC) contract from Indian Oil Corp Ltd, the country's largest refiner, ...

  • EU mergers and takeovers (Feb 24) Reuters - UK Focus - Fri, Feb 24, 2017 16:25 GMT

    The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- South Korean conglomerate Samsung Electronics to acquire U.S. ...

  • Tech giant Samsung Electronics <005930.KS> is tightening board oversight on donations while two senior Samsung Group [SAGR.UL] executives reportedly offered to resign, as the conglomerate struggles with the fallout from a graft scandal that led to its leader's arrest. Samsung Electronics said on Friday its board of directors …

  • A building of Samsung Electronics is seen in Seoul

    Tech giant Samsung Electronics <005930.KS> is tightening board oversight on donations while two senior Samsung Group [SAGR.UL] executives reportedly offered to resign, as the conglomerate struggles with the fallout from a graft scandal that led to its leader's arrest. Samsung Electronics said on Friday its board of directors …

  • FILE PHOTO - A journalists walks at the Samsung booth during a media preview day at the IFA consumer electronics fair in Berlin

    Tech giant Samsung Electronics is tightening board oversight on donations while two senior Samsung Group executives reportedly offered to resign, as the conglomerate struggles with the fallout from a graft scandal that led to its leader's arrest. Samsung Electronics said on Friday its board of directors will now vote on …

  • Samsung Group chief, Jay Y. Lee arrives at the office of the independent counsel team in Seoul

    Tech giant Samsung Electronics is tightening board oversight on donations while two senior Samsung Group executives reportedly offered to resign, as the conglomerate struggles with the fallout from a graft scandal that led to its leader's arrest. Samsung Electronics said on Friday its board of directors will now vote on …

  • SEOUL (Reuters) - Two senior Samsung Group executives have offered to resign to take responsibility for the conglomerate's involvement in the graft scandal involving South Korean President Park Geun-hye, ...

  • Choi Gee-sung speaks during an annual shareholders' meeting at the company headquarters in Seoul

    SEOUL (Reuters) - Two senior Samsung Group executives have offered to resign to take responsibility for the conglomerate's involvement in the graft scandal involving South Korean President Park ...

  • Choi Gee-sung speaks during an annual shareholders' meeting at the company headquarters in Seoul

    Two senior Samsung Group executives have offered to resign to take responsibility for the conglomerate's involvement in the graft scandal involving South Korean President Park Geun-hye, Yonhap ...

  • SEOUL (Reuters) - Two senior Samsung Group executives have offered to resign to take responsibility for the conglomerate's involvement in the graft scandal involving South Korean President Park Geun-hye, ...

  • [$$] Ayala Buys Stake in Zalora Philippines @ The Wall Street Journal - Thu, Feb 23, 2017 20:00 GMT

    Philippine conglomerate Ayala Corp. on Thursday said it recently signed a deal to buy a 43.3% interest in BF Jade E-Services Philippines, owner and operator of the country’s largest online fashion retailer, ...

  • Ardagh plans IPO in New York this quarter - chairman Reuters - Thu, Feb 23, 2017 16:07 GMT

    Packaging conglomerate Ardagh Group [ARDGR.UL] is well advanced with plans to launch an initial public offering (IPO) and intends to float on the New York Stock Exchange later this quarter, chairman Paul Coulson said on Thursday. "The process with the IPO is well advanced and our objective is to IPO on the New York Stock …

  • Ardagh plans IPO in New York this quarter -chairman Reuters - UK Focus - Thu, Feb 23, 2017 15:30 GMT

    Packaging conglomerate Ardagh Group is well advanced with plans to launch an initial public offering and intends to float on the New York Stock Exchange later this quarter, chairman Paul Coulson said on ...

  • FILE PHOTO - The logo of Toshiba is pictured on its flash memory factory, seen during a media tour in Yokkaichi

    SK Hynix Inc <000660.KS> will consider making a fresh bid for Toshiba Corp's <6502.T> flash memory chip business should the Japanese conglomerate offer more of it for sale, the chief executive of the South Korean chipmaker said on Thursday. Toshiba initially put up almost 20 percent of the business for sale, to help it …

  • The logo of SK Hynix is seen at its headquarters in Seongnam

    SK Hynix Inc will consider making a fresh bid for Toshiba Corp's flash memory chip business should the Japanese conglomerate offer more of it for sale, the chief executive of the South Korean chipmaker said on Thursday. Toshiba initially put up almost 20 percent of the business for sale, to help it work through financial …

  • The logo of SK Hynix is seen at its headquarters in Seongnam

    SK Hynix Inc will consider making a fresh bid for Toshiba Corp's flash memory chip business should the Japanese conglomerate offer more of it for sale, the chief executive of the South Korean chipmaker said on Thursday. Toshiba initially put up almost 20 percent of the business for sale, to help it work through financial …

  • File photo of a Chevron gas station sign in Del Mar, California

    BEIJING/DHAKA (Reuters) - China's state-run Zhenhua Oil has signed a preliminary deal with Chevron (CVX.N) to buy the U.S. oil major's natural gas fields in Bangladesh that are worth about $2 billion, two Beijing-based Chinese oil executives said. Zhenhua is a subsidiary of China's defence industry conglomerate NORINC …

  • File photo of a Chevron gas station sign in Del Mar, California

    BEIJING/DHAKA (Reuters) - China's state-run Zhenhua Oil has signed a preliminary deal with Chevron (CVX.N) to buy the U.S. oil major's natural gas fields in Bangladesh that are worth about $2 billion, two Beijing-based Chinese oil executives said. Zhenhua is a subsidiary of China's defense industry conglomerate NORINC …

  • A man walks past the office building of Sinochem in Beijing

    SINGAPORE/NEW DELHI/BEIJING (Reuters) - China's Sinochem is exploring the sale of its 40 percent stake in Brazil's Peregrino offshore oilfield, four people familiar with the matter told Reuters, a deal that could see the state-owned conglomerate walk away from what was once touted as a key overseas asset because of historically …

  • SINGAPORE/NEW DELHI/BEIJING (Reuters) - China's Sinochem is exploring the sale of its 40 percent stake in Brazil's Peregrino offshore oilfield, four people familiar with the matter told Reuters, a deal that could see the state-owned conglomerate walk away from what was once touted as a key overseas asset because of historically …

  • Africa’s ‘Youngest Billionaire’ Loses Asset Ruling in Divorce

    Ashish Thakkar, who co-founded Africa banking conglomerate Atlas Mara Ltd. with ex-Barclays Plc head Bob Diamond, lost a ruling over the ownership of family assets in a London divorce case, with a judge ...

  • FILE PHOTO: The logo of Toshiba Corp. is seen at the company's facility in Kawasaki

    Japan's Toshiba Corp wants to raise at least 1 trillion yen ($8.8 billion) by selling most of its flash memory chip business, seeking to create a buffer for any fresh financial problems, a source with direct knowledge of the matter said. The beleaguered conglomerate was pressured to abandon an initial plan to sell just …

  • The logo of Toshiba Corp is seen as Window cleaners work on the company's headquarters in Tokyo

    Japan's Toshiba Corp wants to raise at least 1 trillion yen (£7 billion) by selling most of its flash memory chip business, seeking to create a buffer for any fresh financial problems, a source with direct knowledge of the matter said. The beleaguered conglomerate was pressured to abandon an initial plan to sell just under …

  • FILE PHOTO - Logo of Toshiba Corp is seen outside an electronics retail store in Tokyo

    Japan's Toshiba Corp <6502.T> wants to raise at least 1 trillion yen ($8.8 billion) by selling most of its flash memory chip business, seeking to create a buffer for any fresh financial problems, a source with direct knowledge of the matter said. The beleaguered conglomerate was pressured to abandon an initial plan to …

  • FILE PHOTO - Logo of Toshiba Corp is seen outside an electronics retail store in Tokyo

    Japan's Toshiba Corp <6502.T> wants to raise at least 1 trillion yen ($8.8 billion) by selling most of its flash memory chip business, seeking to create a buffer for any fresh financial problems, a source with direct knowledge of the matter said. The beleaguered conglomerate was pressured to abandon an initial plan to …

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