Conglomerate companies

LG Display-market share

Yonhap News AgencyMay 22, 2013 21:00

SEOUL, May 23 (Yonhap) -- South Korean display giant LG Display Co. kept its dominant position in the market for liquid crystal display (LCD) panels that are 9.1 inches or larger in the first quarter, data showed Thursday. Shipments by LG Display reached 44.6 million units in the January-March period, accounting for 27.2 percent of a total 164 million units shipped globally, according to the data by market researcher DisplaySearch. The large LCD panels are usually used for computer monitors, laptop computer screens and TVs.

Business group: Spain a gateway to LatAm market

Agencia EFEMay 17, 2013 09:46

Tokyo, May 17 (EFE).- The Spanish Business Council for Competitiveness, or CEC, brought its "Spain: A Land of Opportunities" report to the Japanese capital on Friday, presenting the Iberian nation as an attractive investment destination and a gateway to the Latin American market. It is easier to do business in Latin America, where Japanese companies are making a big push in areas such as energy, mining and infrastructure, "with the support of large Spanish companies" already well entrenched in that region, CEC executive director Fernando Casado said.

Adrian Cheng: updating a Hong Kong family empire for a changing China

Thomson ReutersMay 13, 2013 23:01

By Farah Master HONG KONG (Reuters) - He has trained on Broadway and been a Wall Street banker. Now, Adrian Cheng, 33-year-old scion of the world's largest jewellery retailer and one of Asia's leading property developers is gearing up for his latest challenge - modernizing his family's $25 billion empire for what he calls a "new era".

News Corp 3rd-quarter profit, revenue beat analysts' forecasts, helped by pay TV, 'Life of Pi'

The Canadian PressMay 10, 2013 06:15

LOS ANGELES, Calif. - News Corp. beat Wall Street's forecast for the January-March quarter, helped by growing revenue from pay TV networks including Fox News Channel and FX, and the hit 20th Century Fox movie "Life of Pi." The New York-based company controlled by billionaire Rupert Murdoch also said Wednesday that it benefited from raising its stake in satellite TV company Sky Deutschland. It now holds a majority stake. News Corp.'s net income jumped to $2.85 billion, or $1.22 per share, from $937 million, or 38 cents per share, a year ago.

News Corp results beat estimates, spin-off on track

Thomson ReutersMay 9, 2013 20:45

By Lisa Richwine (Reuters) - Rupert Murdoch's News Corp reported quarterly earnings that beat Wall Street expectations, aided by growth at its cable networks, and said it is on track to split off its slow-growing publishing business by the end of June. Its revenue rose 14 percent from a year earlier to $9.5 billion in the quarter, ended March 31, News Corp said on Wednesday. The company posted adjusted earnings of 36 cents per share, just beating the 35 cents expected on average by analysts, according to Thomson Reuters I/B/E/S.

Buffett's Berkshire Hathaway buys the part of IMC it doesn't own for $2.05 billion

The Canadian PressMay 1, 2013 09:30

OMAHA, Neb. - Berkshire Hathaway Inc. is buying the rest of IMC International Metalworking Cos. B.V. that it doesn't already own for $2.05 billion. Warren Buffett's company announced the deal for the remaining 20 per cent stake in the Israeli tool maker on Wednesday. "As you can surmise from the price we're paying for the remaining interest, IMC has enjoyed very significant growth over the last seven years," Buffett said in a statement.

News Corp. shareholders to vote on split June 11 at special meeting

The Canadian PressApril 30, 2013 11:45

NEW YORK, N.Y. - News Corp. says June 11 will be the date of a special shareholders meeting to approve a plan to split into two companies. The split is expected to be completed by this summer. The company that will retain the News Corp. name will own book publishers and newspapers, including The Wall Street Journal. Another company called 21st Century Fox will focus on entertainment, anchored by a movie studio and the Fox television network. Both companies will trade publicly, under different stock tickers. Rupert Murdoch will be chairman of both companies and CEO of Fox.

News Corp split to boost Murdoch pay 15%

Agence France-PresseApril 26, 2013 14:46

US media magnate Rupert Murdoch will get a 15 percent pay hike with the split-up of News Corp. into two publicly traded companies, according to a company filing published Friday. Murdoch will see his combined compensation from the two entities jump to $28.3 million in fiscal 2014, from $24.6 million this year, according to a News Corp. filing to the Securities and Exchange Commission. The additional funds will be linked to company performance in the fiscal year ending June 30, the SEC filing said.

Spanish infrastructure groups in running for Florida highway contract

Agencia EFEApril 24, 2013 17:46

Madrid, Apr 24 (EFE).- Spanish construction and civil engineering groups ACS, Ferrovial, Fomento de Construcciones y Contratas and OHL are competing as part of various consortiums for a contract to design, build, finance, operate and maintain Florida's I-4 interstate highway. FCC and OHL are bidding together as members of a consortium that also includes the Macquarie Capital infrastructure group.

South Korean builders brace for losses as overseas projects go sour

Thomson ReutersApril 21, 2013 18:15

By Hyunjoo Jin and Joyce Lee SEOUL (Reuters) - South Korean construction stocks <.KRXCNST> have lost almost 20 percent of their value this month, falling to levels last seen four years ago, after huge losses at two firms sparked widespread fears of overseas projects going sour. After the 2008 financial crisis, South Korean builders such as Samsung Engineering Co Ltd <028050.KS> and GS Engineering & Construction Corp <006360.KS> won a raft of foreign orders, particularly in the Middle East.