Industrial Conglomerates

Frauenthal Holding AG comments on FY 2015 outlook

Frauenthal Holding AG:For FY 2015 expects moderate increase in operating profit (after adjusting for the substantial positive extraordinary effects in the previous year) from continuing operations over the previous year.

Thursday, 26 Nov 2015 03:05am EST

Toshiba Corp's third-party accounts probe comes under fire from lawyer group - Reuters

Toshiba Corp:A third-party probe set up by Japan's Toshiba Corp to investigate its accounting practices has been given a failing grade by half of a group of influential lawyers, who said it was not sufficiently independent and did not examine a key division - RTRS.The lawyers' report, and a call by...

Wednesday, 25 Nov 2015 10:54am EST

General Electric Co Completes Sale of Consumer Finance Business in Australia and New Zealand

General Electric Co:Completed sale of its Australia and New Zealand (A&NZ) consumer finance business, representing aggregate ending net investment (ENI) of about US $4.3 billion, to consortium made up of Värde Partners, KKR and Deutsche Bank.

Wednesday, 25 Nov 2015 09:02am EST

General Electric Co To Sell UK Home Lending Portfolio to Blackstone, TSSP and CarVal

General Electric Co :To sell UK home lending portfolio to Blackstone, tssp and carval.Says terms were not disclosed.Says loans have a face value, or customer servicing balance of us$5.9/£3.8 billion.To sell a portfolio of first lien mortgage loans from UK home lending business, representing...

Monday, 23 Nov 2015 07:07am EST

Restructuring & Reorganization


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