Conglomerate companies http://www.globalpost.com/taxonomy/term/30852/all en News Corp doubles profit to $2.38 bn http://www.globalpost.com/dispatch/news/afp/130206/news-corp-doubles-profit-238-bn <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Rupert Murdoch's News Corp said Wednesday its profit in the just-ended quarter more than doubled to $2.38 billion, helped by a reorganization that brings in results from global broadcasting units.</p> <p>In releasing the earnings, Murdoch said the media-entertainment conglomerate was making "progress" toward the breakup of the group into two separate companies -- one focused on publishing, the other on film and television.</p> <p>Revenue for the fiscal second quarter to December 31 rose five percent from a year earlier to $9.43 billion, led by 18 percent growth in cable programming.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130206/news-corp-doubles-profit-238-bn" target="_blank">read more</a></p> Conglomerate companies Entertainment News Corporation News International phone hacking scandal USD AFP Wed, 06 Feb 2013 22:16:51 +0000 5748225 at http://www.globalpost.com Sharp shares soar on Samsung tie-up reports http://www.globalpost.com/dispatch/news/afp/130306/sharp-shares-soar-samsung-tie-reports <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Shares in Sharp soared Wednesday as its board reportedly approved a deal making South Korean rival Samsung its biggest foreign shareholder, indicating the fading fortunes of Japan's electronics giants.</p> <p>The Japanese firm behind Aquos-brand electronics had jumped 17.06 percent to 350 yen earlier in the day after the leading Nikkei business daily and other media reported the deal was in the works.</p> <p>In late afternoon trade it was at 341 yen.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130306/sharp-shares-soar-samsung-tie-reports" target="_blank">read more</a></p> Business Conglomerate companies Electronics Sharp Technology AFP Wed, 06 Mar 2013 05:45:56 +0000 5774655 at http://www.globalpost.com Sharp announces $111 mn tie-up with Samsung http://www.globalpost.com/dispatch/news/afp/130306/sharp-announces-111-mn-tie-samsung <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Sharp on Wednesday announced a $111 million capital injection deal with South Korean rival Samsung, in a rare move for a Japanese firm that underscores the fading fortunes of its electronics giants.</p> <p>Sharp, which is scrambling to repair its battered balance sheet, said Samsung would buy 10.4 billion yen worth of new shares, or a three-percent stake in the Japanese electronics giant. That would make the smartphone and tablet maker Sharp's biggest foreign shareholder, reports said.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130306/sharp-announces-111-mn-tie-samsung" target="_blank">read more</a></p> Business Conglomerate companies Electronics Sharp Technology AFP Wed, 06 Mar 2013 08:00:30 +0000 5774724 at http://www.globalpost.com Sharp announces $111 mn tie-up with Samsung http://www.globalpost.com/dispatch/news/afp/130306/sharp-announces-111-mn-tie-samsung-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Sharp on Wednesday announced a $111 million capital injection deal with South Korean rival Samsung, in a rare move for a Japanese firm that underscores the fading fortunes of its electronics giants.</p> <p>Sharp, which is scrambling to repair its battered balance sheet, said Samsung would buy 10.4 billion yen worth of new shares, or a three-percent stake in the Japanese electronics giant. That would make the smartphone and tablet maker Sharp's biggest foreign shareholder, reports said.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130306/sharp-announces-111-mn-tie-samsung-0" target="_blank">read more</a></p> Business Conglomerate companies Electronics Sharp Technology AFP Wed, 06 Mar 2013 08:16:01 +0000 5774738 at http://www.globalpost.com Sharp announces $111 mn tie-up with Samsung http://www.globalpost.com/dispatch/news/afp/130306/sharp-announces-111-mn-tie-samsung-1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Sharp on Wednesday announced a $111 million capital tie-up deal with South Korean rival Samsung, in a rare move for a Japanese firm that underscores the fading fortunes of its electronics giants.</p> <p>Sharp, which is scrambling to repair its battered balance sheet, said Samsung would buy 10.4 billion yen of new shares, or a three-percent stake in the Japanese firm, making the smartphone and tablet maker its biggest foreign shareholder.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130306/sharp-announces-111-mn-tie-samsung-1" target="_blank">read more</a></p> Business Conglomerate companies Electronics SAMSUNG Sharp Technology AFP Wed, 06 Mar 2013 08:45:58 +0000 5774761 at http://www.globalpost.com Sharp announces $111 mn tie-up with Samsung http://www.globalpost.com/dispatch/news/afp/130306/sharp-announces-111-mn-tie-samsung-2 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Sharp on Wednesday announced a $111 million capital tie-up deal with South Korean rival Samsung, in a rare move for a Japanese firm that underscores the fading fortunes of its electronics giants.</p> <p>Sharp, which is scrambling to repair its battered balance sheet, said Samsung would buy 10.4 billion yen of new shares, or a three-percent stake in the Japanese firm, making the smartphone and tablet maker its biggest foreign shareholder.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130306/sharp-announces-111-mn-tie-samsung-2" target="_blank">read more</a></p> Business Conglomerate companies Electronics SAMSUNG Sharp Technology AFP Wed, 06 Mar 2013 11:32:15 +0000 5774855 at http://www.globalpost.com ThyssenKrupp supervisory board chief quits http://www.globalpost.com/dispatch/news/afp/130308/thyssenkrupp-supervisory-board-chief-quits <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>ThyssenKrupp said Friday its supervisory board chief Gerhard Cromme, under fire for his handling of a series of scandals that has rocked the heavy industry giant, is stepping down.</p> <p>Cromme, 70, "will step down as chairman of the supervisory board of ThyssenKrupp effective March 31," the group said in a statement.</p> <p>A towering figure in German industry, Cromme also heads the supervisory of electrical engineering giant Siemens and sits on the supervisory board of media giant Axel Springer.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130308/thyssenkrupp-supervisory-board-chief-quits" target="_blank">read more</a></p> Business Conglomerate companies Economy of Germany Gerhard Cromme Germany Labor Law Thyssen ThyssenKrupp AFP Fri, 08 Mar 2013 14:01:07 +0000 5777175 at http://www.globalpost.com Malone's Liberty Media buys Charter cable stake http://www.globalpost.com/dispatch/news/afp/130319/malones-liberty-media-buys-charter-cable-stake <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Tycoon John Malone's large holding company Liberty Media announced Tuesday it had agreed to lead an investment for a 27.3 percent stake in cable operator Charter Communications for $2.6 billion.</p> <p>The deal expands the footprint of Malone, who has wide-ranging investments in media and entertainment.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130319/malones-liberty-media-buys-charter-cable-stake" target="_blank">read more</a></p> Business Conglomerate companies Douglas County, Colorado Economy of the United States Liberty Media AFP Tue, 19 Mar 2013 14:31:30 +0000 5787787 at http://www.globalpost.com CORRECTED: Malone's Liberty Media buys Charter cable stake http://www.globalpost.com/dispatch/news/afp/130319/corrected-malones-liberty-media-buys-charter-cable-stake <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Tycoon John Malone's large holding company Liberty Media announced Tuesday it had agreed to lead an investment for a 27.3 percent stake in cable operator Charter Communications for $2.6 billion.</p> <p>The deal expands the footprint of Malone, who has wide-ranging investments in media and entertainment.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130319/corrected-malones-liberty-media-buys-charter-cable-stake" target="_blank">read more</a></p> Business Conglomerate companies Douglas County, Colorado Economy of the United States Liberty Media AFP Tue, 19 Mar 2013 15:17:09 +0000 5787834 at http://www.globalpost.com Samsung-LG-advertising row http://www.globalpost.com/dispatch/news/yonhap-news-agency/130325/samsung-lg-advertising-row <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 25 (Yonhap) -- Samsung Electronics Co. has launched a suit against rival LG Electronics Inc. demanding 50 billion won (US$45 million) in compensation for denting its brand value, sources said Monday.</p> <p>In the lawsuit filed with the Seoul Southern District Court on Friday, the world's top maker of smartphones, memory chips and flat-panel TVs demanded its home-turf competitor to pay the cited amount in damages, according to the legal sources.</p> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130325/samsung-lg-advertising-row" target="_blank">read more</a></p> Chaebol Conglomerate companies Samsung Electronics Co Technology Yonhap News Agency Mon, 25 Mar 2013 10:30:44 +0000 5793095 at http://www.globalpost.com Sharp says no investment deal with Taiwan's Hon Hai http://www.globalpost.com/dispatch/news/afp/130326/sharp-says-no-investment-deal-taiwans-hon-hai <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The deadline for a crucial capital injection in Sharp from Taiwan's Hon Hai Precision lapsed Tuesday without any deal, with the struggling Japanese electronics giant citing regulatory hurdles.</p> <p>Last year, Sharp announced an investment agreement then valued at about $800 million with Hon Hai, which makes Apple gadgets in China, but the deal stalled as the Japanese firm's share price nosedived.</p> <p>Months of speculation over the fate of the pact followed as cash-strapped Sharp sought out other investors, including US-based chipmaker Qualcomm and South Korean rival Samsung.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130326/sharp-says-no-investment-deal-taiwans-hon-hai" target="_blank">read more</a></p> Business Conglomerate companies Electronic engineering Electronics Sharp AFP Tue, 26 Mar 2013 09:30:44 +0000 5794018 at http://www.globalpost.com Sharp says no investment deal with Taiwan's Hon Hai http://www.globalpost.com/dispatch/news/afp/130326/sharp-says-no-investment-deal-taiwans-hon-hai-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The deadline for a crucial capital injection in Sharp from Taiwan's Hon Hai Precision lapsed Tuesday without any deal, with the struggling Japanese electronics giant citing regulatory hurdles.</p> <p>Last year, Sharp announced an investment agreement then valued at about $800 million with Hon Hai, which makes Apple gadgets in China, but the deal stalled as the Japanese firm's share price nosedived.</p> <p>Months of speculation over the fate of the pact followed as cash-strapped Sharp sought out other investors, including US-based chipmaker Qualcomm and South Korean rival Samsung.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130326/sharp-says-no-investment-deal-taiwans-hon-hai-0" target="_blank">read more</a></p> Business Conglomerate companies Economy of Japan Electronics Sharp AFP Tue, 26 Mar 2013 10:15:31 +0000 5794057 at http://www.globalpost.com Sharp says no investment deal with Taiwan's Hon Hai http://www.globalpost.com/dispatch/news/afp/130326/sharp-says-no-investment-deal-taiwans-hon-hai-1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The deadline for a crucial capital injection in Sharp from Taiwan's Hon Hai Precision lapsed Tuesday without any deal, the struggling Japanese electronics giant said, citing regulatory hurdles.</p> <p>But Hon Hai later denied the deal was off, saying the pact between the two companies did not expire until March 2015.</p> <p>Last year, Sharp announced an investment agreement then valued at about $800 million with Hon Hai, which makes Apple gadgets in China, but the deal stalled as the Japanese firm's share price nosedived.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130326/sharp-says-no-investment-deal-taiwans-hon-hai-1" target="_blank">read more</a></p> Business Conglomerate companies Economy of Japan Electronics Sharp AFP Tue, 26 Mar 2013 13:46:27 +0000 5794216 at http://www.globalpost.com conglomerates-investment plan http://www.globalpost.com/dispatch/news/yonhap-news-agency/130404/conglomerates-investment-plan <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, April 4 (Yonhap) -- South Korea's major conglomerates plan to solidly increase their investment this year, the government said Thursday, in a move that could help create more jobs in the local economy struggling to pull out of a prolonged slump.</p> <p>According to the Ministry of Trade, Industry and Energy, the country's 30 largest conglomerates will invest a combined 149 trillion won (US$133 billion) this year, up 7 percent from a year earlier.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p><span>Copyright Yonhap News Agency, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130404/conglomerates-investment-plan" target="_blank">read more</a></p> Business Chaebol Conglomerate Conglomerate companies Labor Law Yonhap News Agency Thu, 04 Apr 2013 05:30:20 +0000 5801346 at http://www.globalpost.com Samsung Heavy wins $900 mn order from Nigeria http://www.globalpost.com/dispatch/news/afp/130404/samsung-heavy-wins-900-mn-order-nigeria <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>South Korea's Samsung Heavy Industries said Thursday it had won a $900 million order to build four gas container ships for Nigeria's Bonny Gas Transport.</p> <p>Under the deal with the shipping unit of Nigeria LNG, Samsung will begin delivering the four liquefied natural gas (LNG) tankers to the African nation in 2015, Samsung said in a statement. </p> <p>Nigeria LNG is a joint venture of the state-run Nigerian National Petoleum Corp. -- its biggest shareholder -- and other firms including Shell of the Netherlands and French energy giant Total. </p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130404/samsung-heavy-wins-900-mn-order-nigeria" target="_blank">read more</a></p> Business Chaebol Conglomerate companies Samsung AFP Thu, 04 Apr 2013 09:31:30 +0000 5801440 at http://www.globalpost.com