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...kana.inagaki@ft.com...
...“If the company monetises some of the stakes in its remaining listed subsidiaries, Hitachi Construction Machinery and Hitachi Metals . . . it would have additional liquidity to manage its total debt and...
...Marathon Petroleum has agreed to sell its Speedway petrol stations business to Seven & i Holdings in a $21bn all-cash deal, five months after the Japanese owner of the 7-Eleven convenience store chain halted...
...Many of these assets have some crossover and opportunities for collaboration with Berkshire’s expansive portfolio that ranges from iPhone maker Apple, car insurance company Geico, oil producer Occidental Petroleum...
...“Pure play refining can be pretty rough,” said Matthew Blair, head of refining research at investment bank Tudor, Pickering, Holt & Co. “It's going to be more volatile....
...We told you about it last week, but now DD’s Kaye Wiggins and the FT’s Kana Inagaki and Derek Brower have dug a little deeper on the $21bn gamble behind the deal....
...The group’s fortunes are also affected by how fast the economy recovers in China, where it has investments in coal-fired power plants, industrial machinery, cars and shipping businesses....
...Marathon Petroleum declined to comment....
...“From the industrial strategy point of view, fuel cell technology is extremely difficult, it’s in the world of chemistry not machinery,” says Hiroshi Katayama at the advanced energy systems and structure...
...Formed in 1999, California-based Intersil, with a market value of $2.1bn, manufactures analogue chips used to regulate power in industrial machinery and consumer electronics....
...Third Point also invested in Sony, SoftBank and heavy machinery maker IHI Corp....
...The earnings erosion has prompted many of Japan’s trading houses to accelerate a strategic shift towards non-resource areas such as food and machinery....
...Third Point has also invested in SoftBank and heavy machinery maker IHI....
...Mr Fukuda further projects that if 30 per cent of machinery products manufactured in Asia shift to domestic production, that could create 90,000 jobs, although the actual figure could be smaller with the...
...The S&P 500 energy index fell 1.4 per cent, with shares of Marathon Petroleum leading the decline, falling 3.3 per cent to $54.46....
...Lixil’s difficulty recalls the case of Caterpillar, the US heavy equipment maker, which in 2013 shocked markets with news of a $580m write down on ERA Mining Machinery, a Chinese company that it acquired...
...Other sectors where senior SOE officials have been toppled include machinery and manufacturing, construction, telecoms, transport and finance....
...” of slower growth and a shift away from reliance on construction and heavy industry in the home market will have an impact on “everything” in relation to Hitachi’s businesses ranging from construction machinery...
...Akio Morita Akio Morita, the co-founder of Sony, changed the face of Japan’s tech industry, elevating the country’s gadgetry creations into what he called “the Cadillac of electronics”, writes Kana Inagaki...
...The industry directly employs 31,900 people in Colorado, according to a study for the American Petroleum Institute, a big lobby group....
...Gansu Jiu Steel Group fell 7.8 per cent to Rmb3.85, while construction machinery maker Sany Heavy Industry lost 4.4 per cent to Rmb14.26. Falling oil prices left the country’s energy stocks lower....
...The trading house is already involved in the country’s petroleum, shipping, fertiliser and industrial machinery sectors; last year president Ken Kobayashi said he was eyeing billions of dollars of projects...
...Hanwha Corp, a petrochemicals and machinery trader, rallied 4 per cent to Won28,300 after its construction unit won an $8bn deal to build housing in Iraq....
...Fanuc , which makes production line machinery, gained 4.7 per cent to Y13,130. China’s Shanghai Composite climbed 1.3 per cent to 2,626.8 while Taiwan’s Taiex jumped 2.4 per cent, led by techs....
...Woodside Petroleum, Australia’s second-largest oil and gas producer by sales, declined 1.6 per cent to A$38.92....
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