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.... The Chinese government had already flagged hotels as an area of concern, having reportedly asked the insurance group Anbang to sell the Waldorf Astoria hotel in New York. One of China’s biggest conglomerates, Wanda Group, also bowed to pressure from the government when it abandoned the $1bn (£780m) purchase of the entertainment company Dick Clark Productions earlier this year. ... [Read full article on Guardian ]
Friday 18th of August 2017 05:32:17 PM
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....This week the Guardian published Indian customs intelligence documents alleging Adani Group inflated invoices on an electricity project in India to shift huge sums of money into offshore bank accounts. The Indian conglomerate is hoping to secure a $700m (A$900m) Australian government loan to develop one the world’s largest coal mines in Queensland. ... [Read full article on Guardian ]
Sunday 20th of August 2017 02:28:19 AM
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Latest Finance News related to Conglomerate

Indian opposition calls for investigation into Adani over financial fraud allegations image
....This week the Guardian published Indian customs intelligence documents alleging Adani Group inflated invoices on an electricity project in India to shift huge sums of money into offshore bank accounts. The Indian conglomerate is hoping to secure a $700m (A$900m) Australian government loan to develop one the world’s largest coal mines in Queensland. ...
China moves to curb overseas acquisitions as firms' debt levels rise image
Source : Guardian [Read Article] Friday 18th of August 2017 05:32:17 PM
.... The Chinese government had already flagged hotels as an area of concern, having reportedly asked the insurance group Anbang to sell the Waldorf Astoria hotel in New York. One of China’s biggest conglomerates, Wanda Group, also bowed to pressure from the government when it abandoned the $1bn (£780m) purchase of the entertainment company Dick Clark Productions earlier this year. ...
Bell Pottinger faces hearing over claims it stirred racial tension in South Africa image
....Henderson, who declined to elaborate on his public statements to the Guardian, has appointed City law firm Herbert Smith Freehills to investigate the allegations and has said it will publish the report. The contract with the Guptas, who own a mining-to-media conglomerate, was cancelled in April. ...
Richard Branson cedes control of Virgin Atlantic image
Source : Guardian [Read Article] Thursday 27th of July 2017 05:01:06 PM
....Atlanta-based Delta already had a joint venture with Air France-KLM dating back to 2009, including Alitalia from 2010. Delta also announced on Thursday it would buy a 10% stake in Air France-KLM for €375m (£335m), as will China Eastern, with both joining the European airline conglomerate’s board, subject to regulatory approval. ...
London's Walkie Talkie building sold for record-breaking £1.3bn image
Source : Guardian [Read Article] Thursday 27th of July 2017 04:22:56 PM
....3bn sale to a Hong Kong firm best known for making oyster sauce. The controversial skyscraper, officially called 20 Fenchurch Street, is being bought by the property arm of Lee Kum Kee Health Products Group, a conglomerate that makes condiments and healthcare products and also develops property. ...
Sir Owen Green obituary image
Source : Guardian [Read Article] Wednesday 5th of July 2017 02:14:17 PM
.... He had bought each of the guests a clock mounted in a case that reflected their individual interests – for one it was a set of cricket stumps, another a golf bag, and so on. Such attention to detail and taking the time to find out about the people he encountered in his business life was a key characteristic that enabled Green to mastermind the phenomenal growth of BTR from a rather worn-out Midlands manufacturer into a multibillion-pound industrial conglomerate. ...
Ofcom has concerns about Murdoch power in UK if Sky bid allowed image
Source : Guardian [Read Article] Thursday 29th of June 2017 06:55:06 PM
.... In other words, the separation of 21st Century Fox, the Murdoch-controlled company hoping to buy Sky, from News Corp, which owns the newspapers, made no difference in the eyes of the regulator. Ofcom said the Murdoch family maintains “material influence” over the conglomerate. ...
The Guardian view on Murdoch’s Sky plan: a blow to media plurality | Editorial image
.... All this should have changed with the revelations of phone hacking and the exposure by the Leveson inquiry of the unhealthily close relationship between politicians and the media. The test of just how different things are will come this week when culture secretary Karen Bradley announces what should happen to the proposed purchase by media conglomerate 21st Century Fox, effectively controlled by the Murdoch family, of the remaining 61% of Sky, the pan-European broadcaster, that it does not already own. ...
Co-op Bank abandons sale talks as it edges towards rescue deal image
Source : Guardian [Read Article] Monday 26th of June 2017 05:25:23 PM
....While a number of potential bidders had originally been cited as interested in the bank – such as Virgin Money – it is thought that only one had remained until recently. That bid was from a consortium including Al Faisal Holding, a Qatari conglomerate with interests ranging from hotels to transport, in a deal coordinated by Interritus, an investment fund. ...
Co-op Bank in advanced talks to secure hundreds of millions for rescue image
....In the latest announcement, the Co-op Bank said it was still continuing with talks about a sale of the business. It did not name its suitors – which at one time were thought to include Virgin Money – although earlier this month a Qatari conglomerate was said to be interested. ...
General Electric says CEO Jeff Immelt is stepping down image
Source : Guardian [Read Article] Monday 12th of June 2017 12:14:10 PM
. General Electric said Jeff Immelt is stepping down as CEO and John Flannery, president and CEO of the conglomerate’s healthcare unit, will take over the post in August. ...
Softbank buys robot-maker Boston Dynamics from Alphabet image
Source : BBC [Read Article] Friday 9th of June 2017 04:08:23 AM
....Softbank began as a Japanese telecoms company but moved into robotics and developed the human-like Pepper in 2014. Founder Masayoshi Son has since built the Japanese firm into a massive technology conglomerate through some big deals. ...
Co-op Bank draws interest from Qatar conglomerate image
Source : Guardian [Read Article] Thursday 8th of June 2017 03:30:28 PM
....A Qatar-based company has been identified as part of a consortium interested in making a bid for the troubled Co-operative Bank. Al Faisal Holding, a Qatari conglomerate with interests ranging from hotels to transport, was cited as a bidder for the hedge fund-owned bank in a deal being co-ordinated by Interritus. ...
China's HNA: The biggest company you've never heard of image
Source : BBC [Read Article] Tuesday 6th of June 2017 02:52:26 PM
....It has gone on a multi-billion dollar spending spree in recent years, snapping up dozens of businesses as well as major stakes in Deutsche Bank, hotel chain Hilton and skyscrapers in London. The Chinese conglomerate now employs more than 400,000 people worldwide and has ambitions to grow even more. ...
Greece approves $8bn Chinese-backed resort project outside Athens image
Source : Guardian [Read Article] Friday 2nd of June 2017 06:57:42 PM
....9bn project to develop a sprawling coastal Olympics complex and Athens’s former airport will begin in six months, the Greek government has said. State minister Alekos Flabouraris said on Friday that the leftist administration’s privatisation agency had given the go-ahead to a consortium of Abu Dhabi and Chinese investors backed by the Chinese conglomerate Fosun, which owns 12% of the British holiday company Thomas Cook, to turn the site into a major resort. ...
Scunthorpe steelworkers enjoy the rewards of act of faith in new owner image
....But, like Galvin, he feels the mood at the plant has been turned on its head, just 18 months after its survival appeared uncertain. Scunthorpe sorely needed a saviour after Tata, the Indian conglomerate that owned the remnants of British Steel, declared it could see no way forward for its UK operations and planned to pull out. ...
Vodafone pulls out of £20m naming-rights deal for West Ham stadium image
Source : Guardian [Read Article] Tuesday 16th of May 2017 09:34:00 AM
....The naming rights deal is seen as crucial to making the complex sums around the taxpayer funded stadium add up. Talks with the Indian conglomerate Mahindra collapsed last year amid differences over the value of the naming rights. ...
Will Theresa May defend workers' rights? Don't hold your breath | Nils Pratley image
....Woodford’s complaint, however, is that none of the chief executives over the years has adopted his idea of breaking up GSK, a business that spans pharmaceuticals, vacinnes, consumer products and a specialist HIV unit. He calls the company “a healthcare conglomerate with a sub-optimal strategy”. ...
Whistleblower sparks Hyundai and Kia recall of 240,000 cars image
Source : BBC [Read Article] Friday 12th of May 2017 05:37:45 AM
....". Whistleblowing is rare in South Korea, and rarer still when the country's big family run conglomerates - or chaebols as they are known - are involved. ...
China's HNA becomes Deutsche Bank's biggest shareholder image
Source : BBC [Read Article] Wednesday 3rd of May 2017 05:46:08 AM
. Chinese conglomerate HNA has overtaken Blackrock to become Deutsche Bank's biggest shareholder after increasing its stake in the firm to nearly 10%. ...
Scaling success image
Source : BBC [Read Article] Tuesday 2nd of May 2017 11:15:46 PM
....Unilever was the pioneer, spotting the potential for farmed salmon, which at that time was only caught wild and eaten as an expensive luxury. The food conglomerate's Marine Harvest division first produced farmed salmon in 1971 at Lochailort - the shoreline between Mallaig and Fort William - and is today the world's largest salmon farmer. ...
US screenwriters' strike averted image
Source : BBC [Read Article] Monday 1st of May 2017 05:59:37 PM
....A strike would have first affected topical shows, such as Saturday Night Live, which have enjoyed higher ratings since the election of Donald Trump as President, who has proved an popular target for news satire. The Alliance of Motion Picture and Television Producers, which represents conglomerates such as Comcast Corp, Walt Disney Co and CBS Corp, said last week it is "committed to reaching a deal . ...
Avocado prices at record high due to reduced harvests image
Source : BBC [Read Article] Monday 1st of May 2017 07:51:12 AM
....Avocado exports from Latin America to China are growing by about 250% a year, according to the Financial Times. Chinese conglomerate Shenzhen Kondarl is also buying Australia's biggest avocado farm Primary Growth for up to 1bn yuan ($146m) to meet the burgeoning demand. ...
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. ...

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