Wednesday, March 12

Tag: Diversified Holding Companies

All Passengers on Japan Airlines Jet Evacuated After Plane Collision
2Jan By adminNo Comments
World

All Passengers on Japan Airlines Jet Evacuated After Plane Collision

Updated Jan. 2, 2024 7:04 am ETTOKYO—A Japan Coast Guard plane and a Japan Airlines passenger jet collided at Tokyo’s Haneda Airport but all 379 people on board the passenger jet were able to escape, Japan Airlines said.Five of the six people aboard the Coast Guard plane died in the crash, Japanese Prime Minister Fumio Kishida said. He said they were planning to deliver relief supplies to people affected by an earthquake on the Japan Sea coast on New Year’s Day.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Greg Abel Is the Next Big Name at Berkshire Hathaway
23Dec By adminNo Comments
Money

Greg Abel Is the Next Big Name at Berkshire Hathaway

Listen to article(1 minute)Berkshire Hathaway’s future chief executive officer is no Warren Buffett. Fortunately for Greg Abel, he doesn’t have to be. Buffett, the 93-year-old chairman and CEO, unwrapped one of corporate America’s longest-running mysteries in 2021 when he confirmed that Abel was his pick to succeed him in the role as CEO.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Thyssenkrupp Nucera Net Income Rose; Says Start-Up Costs Will Hit FY 2024 Earnings
18Dec By adminNo Comments
World

Thyssenkrupp Nucera Net Income Rose; Says Start-Up Costs Will Hit FY 2024 Earnings

Thyssenkrupp Nucera posted fourth-quarter rise in net income but warned start-up costs in fiscal 2024 would affect earnings.The German electrolyzer business reported 4.3 million euros ($4.7 million) in net income for the fourth quarter on sales that grew 47% to EUR159.4 million.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Robinhood Woos Wealthier Clients From Bigger Brokerages
16Dec By adminNo Comments
Money

Robinhood Woos Wealthier Clients From Bigger Brokerages

Robinhood Markets, known for a clientele of first-time investors, is attracting customers with fatter wallets from other brokerages.Through Wednesday, the trading app received about $1.1 billion in account transfers since Oct. 23, when it began offering a 1% match on transferred brokerage accounts, the company said. In the second and third quarters of this year, customers transferred about $350 million and $375 million, respectively, to Robinhood from other brokerages, according to company filings.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Robinhood Woos Wealthier Clients From Bigger Brokerages
16Dec By adminNo Comments
World

Robinhood Woos Wealthier Clients From Bigger Brokerages

Robinhood Markets, known for a clientele of first-time investors, is attracting customers with fatter wallets from other brokerages.Through Wednesday, the trading app received about $1.1 billion in account transfers since Oct. 23, when it began offering a 1% match on transferred brokerage accounts, the company said. In the second and third quarters of this year, customers transferred about $350 million and $375 million, respectively, to Robinhood from other brokerages, according to company filings.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Country Garden to Make CNY3.07 Billion Disposal to Aid Debt Restructuring
14Dec By adminNo Comments
Money

Country Garden to Make CNY3.07 Billion Disposal to Aid Debt Restructuring

Chinese property giant Country Garden will sell a stake in a commercial center operator for about $428 million, using the proceeds to help restructure offshore debt.The indebted developer said Thursday that a group subsidiary will sell its entire 1.79% stake in Zhuhai Wanda Commercial Management Group for 3.07 billion yuan ($428.0 million).Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Country Garden to Make CNY3.07 Billion Disposal to Aid Debt Restructuring
14Dec By adminNo Comments
World

Country Garden to Make CNY3.07 Billion Disposal to Aid Debt Restructuring

Chinese property giant Country Garden will sell a stake in a commercial center operator for about $428 million, using the proceeds to help restructure offshore debt.The indebted developer said Thursday that a group subsidiary will sell its entire 1.79% stake in Zhuhai Wanda Commercial Management Group for 3.07 billion yuan ($428.0 million).Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Investcorp Joins Corsair’s $4.8 Billion Infrastructure Business
11Dec By adminNo Comments
World

Investcorp Joins Corsair’s $4.8 Billion Infrastructure Business

Dec. 11, 2023 7:00 am ET|WSJ ProInvestcorp has acquired a half-interest in Corsair Capital’s nearly $5 billion infrastructure business, injecting the Bahrain-based firm into a global industry and giving Corsair a capital boost as sheer heft becomes increasingly important in attracting institutional investors to new funds.New York-based Corsair, which also makes buyout investments, managed $9.6 billion at the end of September, including $4.8 billion in infrastructure assets mostly in transportation and logistics. Among those holdings is management company Vantage Airport Group, which helped build the new Terminal B at New York’s LaGuardia Airport and is working on another at John F. Kennedy International Airport.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856...
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What’s Behind Warren Buffett’s Fight With a Truck-Stop Mogul
9Dec By adminNo Comments
Money

What’s Behind Warren Buffett’s Fight With a Truck-Stop Mogul

Listen to article(2 minutes)Warren Buffett and truck-stop mogul Jimmy Haslam are fighting over a seemingly obscure accounting method. What’s really at stake: possibly as much as $1.2 billion.Buffett of course is chairman and chief executive of Berkshire Hathaway. Haslam, who owns the Cleveland Browns football team with his wife Dee, built his father’s truck-stop chain, Pilot Travel Centers, into an empire before selling a majority stake to Berkshire.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Honeywell to Buy Carrier Unit for $5 Billion
8Dec By adminNo Comments
Money

Honeywell to Buy Carrier Unit for $5 Billion

Honeywell International has struck a roughly $5 billion deal to buy Carrier Global’s security business, as the industrial giant embarks on a spending spree to bolster its portfolio. The security business makes products including electronic locks for big companies, hotels and hospital chains. The acquisition is meant to help bulk up Honeywell’s Building Automation segment, whose customers include hospitals, airports, data centers and the like. It is part of a push by the Charlotte, N.C.-based company, which operates in industries ranging from aerospace to energy, to meet increasing demand for cloud-based products. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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