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.... . Though "pass through" entities are typically small businesses, parts of Mr Trump's own real estate conglomerate also qualify, giving Democrats more ammunition in opposing the plan. ... [Read full article on BBC ]
Wednesday 26th of April 2017 12:20:53 PM
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Latest Finance News related to Conglomerate

Trump seeks tax windfall for business image
Source : BBC [Read Article] Wednesday 26th of April 2017 12:20:53 PM
.... . Though "pass through" entities are typically small businesses, parts of Mr Trump's own real estate conglomerate also qualify, giving Democrats more ammunition in opposing the plan. ...
Green Investment Bank sell-off: only time will tell how green it is | Nils Pratley image
.... But the trustees obviously can’t dictate levels of capital allocation. Macquarie is a financial conglomerate operating around the world with competing internal claims on its capital. ...
FTSE 100 suffers worst day since Brexit vote after May calls election image
Source : Guardian [Read Article] Tuesday 18th of April 2017 05:11:25 PM
....Most multinationals listed on the London stock exchange earn the majority of their profits in dollars, which have been worth more due to sterling’s decline in the wake of the EU vote. However, sterling’s swift rise following the prime minister’s surprise move sent major stocks tumbling, with mining conglomerates hit hardest. ...
The good stuff image
Source : BBC [Read Article] Monday 10th of April 2017 11:19:56 PM
.... . "I saw firsthand the huge amount of money that gets passed from one big conglomerate to another, buying and selling the cheap commodity of our attention online," she says. ...
Can end of unhappy marriage with L'Oréal breathe new life into Body Shop? image
....The chain has more than 3,000 stores in 66 countries, and sales and profits have come under pressure amid rising competition and an unhappy alliance between two very different brands. Private equity firms including Apax Partners, CVC and Advent International are thought to be weighing up bids of between £600m and £800m for the company, alongside trade buyers including South Korea’s CJ Group, a media, home shopping and pharmaceuticals conglomerate. ...
Paramount looks to Disney model to recover after string of flops image
Source : Guardian [Read Article] Thursday 30th of March 2017 12:13:26 PM
....Paramount has also said it will build a family film division; it hasn’t had a winner in the hugely lucrative kids’ market since it distributed 2012’s $750m-grossing Madagascar. Viacom, which explored selling a minority stake in Paramount last year only to abandon the process in a change of heart over its future value to the conglomerate, has said that the studio’s problems are “executional”, not terminal. ...
Toshiba shareholders angry as chip unit sale approved image
Source : BBC [Read Article] Thursday 30th of March 2017 07:41:02 AM
....Westinghouse files for bankruptcy protection. The Japanese conglomerate estimates its memory business to be worth $18bn (£14bn) and plans to sell parts or all of it. ...
Toshiba's Westinghouse files for US bankruptcy image
Source : BBC [Read Article] Wednesday 29th of March 2017 07:15:32 AM
.... . The US firm has struggled with hefty losses that have thrown its Japanese parent into a crisis, putting the conglomerate's future at risk. ...
UK nuclear plans could be hit by Westinghouse financial crisis image
Source : Guardian [Read Article] Tuesday 28th of March 2017 06:47:55 PM
....Westinghouse filing for Chapter 11 protection would potentially limit future losses for its owner Toshiba. The move will also trigger complex negotiations between the Japanese conglomerate, its American unit and creditors, and could embroil the US and Japanese governments, given the scale of the collapse and US government loan guarantees for new reactors. ...
K-Drama image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:11:15 AM
....The four were indicted in October 2016 on a range of charges including embezzlement, tax evasion and fraud. The trial is significant because South Korea's family-controlled conglomerates, or "chaebols", used to be considered untouchable given they have powered much of the country's economic growth. ...
Unilever chief calls for tougher takeover safeguards image
Source : BBC [Read Article] Tuesday 14th of March 2017 07:14:02 PM
....Following the vote for the UK to leave the European Union, and the subsequent fall in the value of the pound, those concerns have re-emerged. British business Arm Holdings, the chip designer, was bought by the Japanese conglomerate Softbank for £24bn. ...
Toshiba looking to sell Westinghouse nuclear business image
Source : BBC [Read Article] Tuesday 14th of March 2017 03:21:39 AM
....The situation has led some analysts to warn that the company's future may be at risk. While often still associated with its technology products, Toshiba has become a diverse conglomerate. ...
Wanda's deal for Golden Globe firm collapses image
Source : BBC [Read Article] Monday 13th of March 2017 02:28:41 PM
.... The company has yet to comment on the issue. The aborted deal was the latest in a number of entertainment acquisitions by the Chinese conglomerate, which already controls the AMC cinema chain, as well as Legendary Entertainment, co-producer of hit films including Godzilla and The Dark Knight Rises. ...
Samsung chief Lee Jae-Yong on trial for bribery image
Source : BBC [Read Article] Thursday 9th of March 2017 06:30:31 AM
....Mr Lee, also known as Jay Y Lee, is currently vice-chairman of Samsung Electronics. But since his father, Lee Kun-hee, suffered a heart attack in 2014, he is considered de facto boss of the entire Samsung Group conglomerate. ...
From V-necks to handcuffs image
Source : BBC [Read Article] Thursday 9th of March 2017 05:52:51 AM
....That is because, while six months ago the biggest charge against Mr Lee was that he had climbed the Samsung ranks because of who he was rather than his abilities, the accusations he faces now are far more serious. The 48-year-old, also known as Jay Y Lee, is the son of Lee Kun-hee, chairman of Samsung Group, Korea's largest conglomerate. ...
Samsung's acting head indicted on bribery charges as scandal grows image
Source : Guardian [Read Article] Tuesday 28th of February 2017 10:22:14 AM
....The acting head of Samsung has been indicted on bribery and embezzlement charges connected to a corruption and cronyism scandal centring on South Korea’s impeached president, Park Geun-hye. Lee Jae-yong and four other Samsung executives will almost certainly face trial over accusations that South Korea’s biggest conglomerate donated millions of dollars to foundations run by a close friend of Park’s in exchange for government favours. ...
Samsung heir Lee Jae-yong to be indicted on bribery charges image
Source : BBC [Read Article] Tuesday 28th of February 2017 07:14:00 AM
....Three of those executives resigned on Tuesday following the announcement. Samsung also said it was dismantling its corporate strategic office, a unit coordinating the various arms of the huge conglomerate. ...
Warren Buffett, 'Oracle of Omaha', criticises Wall Street and praises immigrants image
. The billionaire Warren Buffett, whose stock picks have turned Berkshire Hathaway into one of the most successful conglomerates in the world, criticised Wall Street on Saturday, saying investors should “stick with low-cost index funds”. ...
What’s the point of building a million new homes if they’re not fit to live in? | John Harris image
.... There are said to be 19,000 fewer firms involved in UK building than when the recession struck, and the trade is now dominated by such giants as Barratt, Persimmon, Taylor Wimpey, Bellway, Redrow, Bloor Homes and Bovis. In that sense, the rage and dismay all over social media are even more understandable: people up against distant conglomerates inevitably feel like mere specks shouting at monoliths. ...
Theresa May must take £115bn hint from Kraft Heinz's failed Unilever bid image
Source : Guardian [Read Article] Monday 20th of February 2017 07:33:19 PM
....An open-doors policy on takeovers has some advantages, of course – it can hold lazy managements’ feet to the fire and avoid the supposed peril of politicians attempting to pick winners. But, come on, Unilever is not some ailing conglomerate in need of revitalisation. ...
Samsung head arrested over South Korean Choi-gate corruption scandal image
Source : Guardian [Read Article] Friday 17th of February 2017 12:27:38 AM
. The acting head of Samsung, South Korea’s biggest conglomerate, has been arrested in connection with the corruption and influence-peddling scandal that threatens to topple the country’s impeached president, Park Geun-hye. ...
Tata Steel workers agree to pension cuts to save 8,000 jobs image
Source : Guardian [Read Article] Wednesday 15th of February 2017 03:01:00 PM
.... It would be by far the biggest pension scheme to be taken on by the PPF. The company, which could merge its European business with German conglomerate ThyssenKrupp once the restructuring is complete, welcomed the vote. ...
Toshiba fuels fear of crisis after delaying earnings report image
Source : Guardian [Read Article] Tuesday 14th of February 2017 08:26:41 AM
....4bn). The delay sent shares in the Japanese conglomerate down by 8% in Tokyo, and added to speculation that its financial problems could become an existential crisis. ...
Falling DVD sales put boot into profits at Sony Pictures image
Source : Guardian [Read Article] Friday 3rd of February 2017 04:16:33 PM
....Wang, who has made much of his desire to take on Disney’s theme park business, has not been put off by Tinseltown’s uncertain digital future. But could he be making the same mistake as the Japanese conglomerate?. ...
Power tools and sausage sizzles: meet the new Aussie face of Homebase image
Source : Guardian [Read Article] Wednesday 1st of February 2017 05:11:27 PM
.... Dressed in the Bunnings staff uniform of a green apron and red fleece, only the numerous badges, awarded for long service and training, pinned to his bib give away the seniority of the down-to-earth Australian. Bunnings, which is part of the Wesfarmers conglomerate, sees a chance to take on market leader B&Q. ...
Steelworkers to vote on Port Talbot rescue plan image
Source : Guardian [Read Article] Sunday 29th of January 2017 02:08:58 PM
....The trade unions Unite, GMB and Community have recommended that workers vote in favour of the proposals, but they could still be rejected given the changes to the pension scheme. If the rescue package is approved then Tata Steel will look to complete a merger of its European operations with ThyssenKrupp, the German industrial conglomerate. ...
Bernie Ecclestone, Sir Martin Sorrell and executives to reap $40m in F1 selloff image
. Bernie Ecclestone and Sir Martin Sorrell, two of Europe’s most well-known businessmen, are among a handful of executives to have reaped a $40m payoff from the sale of Formula One (F1) auto racing to US media conglomerate Liberty Media. ...
British Steel to reverse salary cut for workers agreed under Tata image
Source : Guardian [Read Article] Wednesday 25th of January 2017 06:41:37 PM
....The investment group celebrated the takeover by restoring the name British Steel, which disappeared in 1999 when its predecessor merged with a Dutch rival to become Corus. Corus was later bought by Tata Steel before the company, part of Indian conglomerate Tata, began looking for a way out of the UK steel industry. ...
South Korean court refuses arrest warrant for Samsung boss image
Source : Guardian [Read Article] Thursday 19th of January 2017 05:37:18 AM
....Special prosecutors investigating Park’s relationship with her longtime confidante, Choi Soon-sil, had demanded Lee’s arrest on charges of bribery, embezzlement and perjury. They accused Lee, the 48-year-old heir apparent to the Samsung group – South Korea’s biggest family-run conglomerate – of paying US$36. ...
Samsung boss faces arrest as South Korea corruption scandal grows image
Source : Guardian [Read Article] Monday 16th of January 2017 06:18:48 AM
. Prosecutors investigating a corruption scandal that has plunged South Korea into its biggest political crisis in decades are seeking a warrant for the arrest of the acting head of Samsung, the country’s most powerful conglomerate, on bribery charges. ...
World's eight richest people have same wealth as poorest 50% image
Source : Guardian [Read Article] Monday 16th of January 2017 12:01:08 AM
....Oxfam said the world’s poorest 50% owned the same in assets as the $426bn owned by a group headed by Gates, Amancio Ortega, the founder of the Spanish fashion chain Zara, and Warren Buffett, the renowned investor and chief executive of Berkshire Hathaway. The others are Carlos Slim Helú: the Mexican telecoms tycoon and owner of conglomerate Grupo Carso; Jeff Bezos: the founder of Amazon; Mark Zuckerberg: the founder of Facebook; Larry Ellison, chief executive of US tech firm Oracle; and Michael Bloomberg; a former mayor of New York and founder and owner of the Bloomberg news and financial information service. ...
Natarajan Chandrasekaran: Who is new Tata Group chairman? image
Source : BBC [Read Article] Friday 13th of January 2017 10:28:22 AM
....But as Mr Chandrasekaran gets ready to take over the mantle from Ratan Tata, who was appointed interim chairman after Cyrus Mistry's ouster in October, he faces several challenges. The bitter and very public feud between Mistry and the Tatas over the last couple of months has tarnished the conglomerate's brand image. ...
Tata Sons names Natarajan Chandrasekaran new chairman image
Source : BBC [Read Article] Thursday 12th of January 2017 02:31:56 PM
....He will replace Cyrus Mistry, who was suddenly removed from the post in October 2016, in February. Mr Mistry resigned from all boards in December having led the conglomerate for four years. ...
Samsung boss questioned in South Korea corruption probe image
Source : BBC [Read Article] Thursday 12th of January 2017 02:13:29 AM
....Mr Lee is currently vice-chairman of Samsung Electronics. But since his father, Lee Kun-hee, suffered a heart attack in 2014, he is considered de facto boss of the entire Samsung Group conglomerate. ...
South Korea scandal: Samsung chief Lee Jae-yong a suspect image
Source : BBC [Read Article] Wednesday 11th of January 2017 07:33:51 AM
....Mr Lee is currently vice-chairman of Samsung Electronics. But since his father, Lee Kun-hee, suffered a heart attack in 2014, he is considered de facto boss of the entire Samsung Group conglomerate. ...
Green Investment Bank sale should raise red flags for Theresa May image
Source : Guardian [Read Article] Monday 9th of January 2017 07:53:34 PM
.... It would make perfect sense if a new owner could flip the assets for a large profit and then enjoy a completely free hand on how to spend the proceeds. Macquarie, remember, is a vast financial conglomerate. ...
Toshiba shares plummet for third day running image
Source : Guardian [Read Article] Thursday 29th of December 2016 08:27:03 AM
. Shares in Toshiba fell more than 19% on Thursday, the third day of heavy losses after the Japanese tech-to-nuclear conglomerate said earlier this week that it faced a potential multibillion-dollar writedown. ...
Toshiba shares slump: What's going wrong? image
Source : BBC [Read Article] Thursday 29th of December 2016 02:03:02 AM
....Toshiba stocks had already lost 20% on Wednesday and 12% on Tuesday. Most people still recognise the name Toshiba for its electrical products, but it is a very diverse conglomerate. ...
Toshiba shares fall 20% as nuclear writedown sinks in image
Source : Guardian [Read Article] Wednesday 28th of December 2016 06:10:42 AM
....60 yen, the largest fall allowed for a single day, about 30 minutes after the opening bell, as the company failed to remove investor worries over the potential risk. On Tuesday the Tokyo-based conglomerate said costs linked to the acquisition in 2015 by its US subsidiary of a nuclear service company would possibly come to “several billion US dollars, resulting in a negative impact on Toshiba’s financial results”. ...
Tata Sons 'sues Cyrus Mistry for confidentiality breach' image
Source : BBC [Read Article] Tuesday 27th of December 2016 03:49:20 PM
....India's Tata Sons is suing its ousted chairman, Cyrus Mistry, for breach of confidentiality, media reports say. The conglomerate accused him of causing "irreparable harm and damage" by making sensitive documents public at a companies' dispute hearing last week. ...
Cyrus Mistry resigns from Tata boards image
Source : BBC [Read Article] Monday 19th of December 2016 04:21:29 PM
.... . He had led the conglomerate since December 2012. ...
Gin distiller Sipsmith bought by Beam Suntory image
Source : BBC [Read Article] Friday 16th of December 2016 02:35:04 PM
. Japanese spirits conglomerate Beam Suntory is to buy the London craft gin distiller Sipsmith. ...
BT creates 500 new customer service jobs in England and Wales image
Source : BBC [Read Article] Monday 12th of December 2016 01:37:59 PM
....BT said the new roles would be based at its contact centres in Swansea, Warrington, Doncaster and Accrington. In January the conglomerate announced 1,000 new posts promising more of its consumer customer calls to be dealt with in the UK and Ireland. ...
Andrew Puzder criticized as 'cruel and baffling' choice for labor secretary image
Source : Guardian [Read Article] Thursday 8th of December 2016 09:32:44 PM
.... The Federation for American Immigration Reform (Fair), an anti-immigration group, criticized the choice of Puzder based on his support for the eventual citizenship of undocumented workers. “Puzder has served as an executive of a fast food conglomerate – an industry that has thrived on low-wage labor, illegal workers, and which has lobbied for greater access to foreign guest workers to maximize corporate profits,” Fair president Dan Stein wrote. ...
Samsung tells South Korea corruption inquiry of 'gift horse' image
Source : BBC [Read Article] Tuesday 6th of December 2016 04:03:37 AM
.... The panel has no power to punish but its chairman has said the hearing is a place for apology. The conglomerates are all accused of giving large donations to non-profit foundations operated by Choi Soon-sil, a close confidante of Ms Park. ...
HK tycoon makes $5.4bn offer for Australian energy firm image
Source : BBC [Read Article] Monday 5th of December 2016 05:11:24 AM
.... . CKI is a Hong Kong-based conglomerate, owned by billionaire Li Ka-shing. ...
Strikes in China over foreign employers selling out to local companies image
Source : Guardian [Read Article] Friday 25th of November 2016 02:28:09 AM
....Strikes and other labour protests have surged in recent years in China, where growth is slowing and parts of the economy are moribund. The company has announced it is selling all its bottling assets in mainland China to Hong Kong conglomerate Swire Pacific and Cofco Corporation, one of China’s state-owned food giants. ...
Iceland government challenges retail chain Iceland over name use image
Source : Guardian [Read Article] Thursday 24th of November 2016 07:05:03 PM
....It was founded in Oswestry in 1970 but does have historic links to its namesake country. Icelandic retail conglomerate Baugur bought a controlling stake in the grocer which it held until its collapse in 2009. ...
Seoul scandals image
Source : BBC [Read Article] Thursday 24th of November 2016 04:46:29 AM
.... You can forget your camera in a public place and return unworried to find it in the same spot or even moved to the side and left safely under a shelter. But all the presidents of the democratic era - not to mention the heads of the family-owned conglomerates, the so-called chaebols - have been soiled by corruption, either personally or by their close friends and family leveraging their ties to the leader. ...
Potential clash image
Source : BBC [Read Article] Thursday 24th of November 2016 01:10:13 AM
....President Barack Obama did not create a blind trust, but instead invested in mutual funds and other broad financial instruments he could not control. For Mr Trump, it would be impossible to set up a "blind trust" for a business conglomerate helmed by his own children, especially ones who have been playing an active role in his transition. ...
South Korean authorities raid Samsung in Park Geun-hye probe image
Source : BBC [Read Article] Wednesday 23rd of November 2016 05:21:19 AM
....5m) to a company co-owned by Ms Choi and her daughter, in return for Ms Park's support for the deal. Samsung was also among several conglomerates that gave millions of dollars to two non-profit foundations owned by Ms Choi, after the latter allegedly pressured them for donations. ...
Clock watching image
Source : BBC [Read Article] Monday 21st of November 2016 12:16:53 AM
....8bn (£2. 4bn), its investors include computer groups Dell Technologies and Microsoft, conglomerate General Electric, and car giant Ford. ...
Tata crisis image
Source : BBC [Read Article] Monday 21st of November 2016 12:13:54 AM
....Sounds pretty horrendous, but that's the reality for 660,000 staff employed by India's Tata Group. It is the country's largest conglomerate, with stakes in more than 100 independent companies, many of which bear the Tata brand. ...
FTSE 100 climbs as retail sales beat forecasts and Anglo American rises image
Source : Guardian [Read Article] Thursday 17th of November 2016 09:57:36 AM
....But Robin Speakman at Shore Capital issued a sell note:. We have examined the likely scenarios for the outsourcing services conglomerate in restructuring and conclude that guidance is subject to significant risk. ...
Tata Sons in new attack on ex-chairman Cyrus Mistry image
Source : BBC [Read Article] Thursday 10th of November 2016 10:35:28 AM
....Separately, TCS on Thursday removed Cyrus Mistry as chairman. As the former chairman of the conglomerate's holding company, Mr Mistry holds that same role in a number of Tata subsidiaries. ...
Samsung HQ raided by prosecutors as South Korean political scandal deepens image
Source : Guardian [Read Article] Tuesday 8th of November 2016 09:09:17 PM
....”. The case be a test for South Korea’s chaebols – vast, family-owned conglomerates that have helped transform the country into an economic powerhouse. ...
Greek prime minister reshuffles cabinet to boost bailout reforms image
Source : Guardian [Read Article] Sunday 6th of November 2016 05:39:13 PM
.... In his previous role as chairman of Greece’s privatisation agency, Pitsiorlas had been praised for his no-nonsense approach to disposing of cash-draining state assets. The shipping minister, Theodoros Dritsas, who was against further investment in Piraeus port by the Chinese conglomerate Cosco was among those dropped, while Panos Skourletis, the energy and environment minister, who had vehemently opposed the partial privatisation of the Public Power Corporation, was moved to the interior ministry. ...
Birds Eye and Walkers ask supermarkets for up to 12% price rises image
Source : Guardian [Read Article] Sunday 6th of November 2016 12:46:50 PM
....”. Leicester-based Walkers, which is owned by PepsiCo, the US conglomerate that also makes Tropicana orange juice, Quaker Oats and Doritos chips, is understood to be seeking price rises of between 5% and 10%, taking a 32g bag of crisps from 50p to 55p. ...
Golden Globes firm bought by China film giant Dalian Wanda image
Source : BBC [Read Article] Friday 4th of November 2016 05:58:31 AM
....Dalian Wanda, run by property magnate Wang Jianlin, is paying $1bn (£800m) for Dick Clark Productions that also runs the Miss America beauty pageant and the Billboard Music Awards. The Chinese conglomerate already controls the AMC cinema chain, the second largest in the US, as well as Legendary Entertainment , co-producer of hit films including Godzilla and The Dark Knight Rises, and has a tie-up with Sony Pictures. ...
Typhoo Tea: Cost of a cuppa to go up image
Source : BBC [Read Article] Friday 28th of October 2016 08:12:13 PM
....". Typhoo Tea is owned by the Indian conglomerate Apeejay Surrendra Group, which Mr Saha says has supported the UK business for the last few months. ...
Tata hits back at Cyrus Mistry claims image
Source : BBC [Read Article] Thursday 27th of October 2016 01:20:05 PM
. Tata Sons has hit back at its former chairman, Cyrus Mistry, claiming he made "malicious allegations" against the Indian conglomerate. ...
India puzzled by 'sacking' of Tata boss Cyrus Mistry image
Source : BBC [Read Article] Tuesday 25th of October 2016 06:03:44 AM
. The replacement at the helm of India's largest conglomerate has come as both a shock and a surprise. ...
Hilton unveils sale of 25% stake to China's HNA image
Source : BBC [Read Article] Monday 24th of October 2016 02:33:58 PM
. Chinese conglomerate HNA has acquired a 25% stake in hotel group Hilton. ...
Tata replaces Cyrus Mistry as chairman with Ratan Tata image
Source : BBC [Read Article] Monday 24th of October 2016 12:40:33 PM
....Tata Sons owns Jaguar Land Rover, as well as Tetley Tea. It is one of India's oldest conglomerates and is made up of more than 100 companies, including Tata Motors, Tata Power and the IT giant, Tata Consultancy Services. ...
More than a fire row image
Source : BBC [Read Article] Tuesday 11th of October 2016 04:55:54 PM
....The monumental mess might also make people question whether Samsung is all its cracked up to be. It is the biggest chaebol (as these very Korean, family-owned-and-run conglomerates are called). ...
Samsung shares jump on shake-up proposal image
Source : BBC [Read Article] Thursday 6th of October 2016 07:20:25 AM
....In a letter made public this week, the activist hedge fund said that the "unnecessarily complex" structure of the Samsung Group empire was weighing on the shares of Samsung Electronics. Samsung Electronics is part of a conglomerate controlled by the Lee family, which also owns stakes in the real estate, insurance and fashion industry in South Korea. ...
Monarch airlines says flights operating as normal image
Source : BBC [Read Article] Monday 26th of September 2016 06:24:14 AM
.... . It's understood that Monarch has been talking to possible investors including the Chinese conglomerate, HNA Group. ...
BHS brand to be revived online in the UK image
Source : BBC [Read Article] Sunday 25th of September 2016 11:04:42 AM
....com will sell roughly 75% of the items available on the former online shop, including bedroom, bathroom, cushion and lighting ranges. The new owner of BHS' online shop, Qatari conglomerate Al Mana Group, already works with a number of high-street brands, such as Zara, Mango, United Colours of Benetton and Reebok. ...
National Grid deal 'should be halted', says GMB union image
Source : BBC [Read Article] Friday 23rd of September 2016 11:01:11 PM
....The BBC understands representatives of his investment vehicle Cheung Kong Infrastructure (CKI) met with National Grid's management to discuss the sale some months ago. Others reported to be tabling bids include Chinese conglomerate Fosun and consortia led by the Canada Pensions Plan Investment Board and the Australian banking giant Macquarie. ...
Shipping giant Maersk to split up and focus on North Sea image
Source : BBC [Read Article] Thursday 22nd of September 2016 02:27:53 PM
.... That's unless a buyer can be found. Breaking up the 112-year-old conglomerate is a reversal of the strategy under which Maersk Line grew to have a fleet of 590 ships, plus 500 smaller service ships. ...
Racing change image
Source : BBC [Read Article] Thursday 8th of September 2016 01:33:34 PM
Up in arms image
Source : BBC [Read Article] Wednesday 7th of September 2016 11:21:38 PM
....On the face of it, chaebols have hit a bumpy patch. Three of these quintessentially Korean family-controlled conglomerates are having difficulties at the moment: Samsung, Lotte and Hanjin Shipping. ...
Hanjin bankruptcy: S Korea throws lifeline to shipping firm image
Source : BBC [Read Article] Tuesday 6th of September 2016 01:34:50 AM
....Chairman Cho Yang-ho would contribute another 40bn won from private funds, according to a company statement. Hanjin Group is a huge, family-dominated conglomerate and also includes Korean Air. ...
Lotte vice chairman Lee In-won found dead image
Source : BBC [Read Article] Friday 26th of August 2016 07:15:56 AM
...." . In June, prosecutors reportedly raided Lotte offices to investigate the suspected slush fund and allegations of breaches of trust regarding transactions between the conglomerate's companies. ...
Samsung denies keeping information on toxins from workers image
Source : BBC [Read Article] Thursday 11th of August 2016 06:43:36 AM
.... . In South Korea, there is a frequent complaint that government and the conglomerates (with Samsung at the head) are too close for comfort - and for compensation to the families of those who died through work. ...

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