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Showing results for Thyssen Krupp Industrial Services NA Inc
...A tie-up of Kone and Thyssenkrupp’s lifts business — an idea that has been around since Thyssen and Krupp merged in 1999 — is “inherently do-able,” Mr Ehrnrooth insists....
...Isaac is in his second year of university, having moved to New York City from Worcester, an industrial college town in Massachusetts....
...The group will create two independently-traded public companies in its biggest restructuring since Thyssen and Krupp merged nearly two decades ago....
...ThyssenKrupp, formed by the merger of Thyssen AG and Krupp in 1999, has roots in the steel industry extending more than 200 years ago to 1811, when Krupp started as a cast steel factory....
...Krupp....
...Most analysts predict even worse to come from Korea Inc in the second half, barring a sharp recovery in the global economy....
...They need to increase their operating leverage through consolidation,” says Michael Na, strategist at Nomura....
...“Samsung were surprised by Elliott, and they really didn’t think it would be this close,” said Michael Na, an analyst at Nomura....
...There has been similar market enthusiasm for Samsung SDS, an IT services company that listed last year, and in which Lee Kun-hee’s children hold large stakes....
...But investor worries about the potential loss of value from a merger with Cheil Industries were a further factor, according to Michael Na, an analyst at Nomura....
...Michael Na, an analyst at Nomura, said Elliott had a significant chance of blocking the merger if it could rally support from other investors....
...In spite of his humble background, Beitz was entrusted in 1953 with managing the Krupp industrial empire....
...Mr Beitz was head of the Krupp-Stiftung, ThyssenKrupp’s largest shareholder with a 25 per cent stake....
...Gerhard Cromme, 70, one of Germany’s most influential industrialists and a chief architect of the merger of Thyssen and Krupp in 1999, said he would stand down at the end of this month....
...For too many years the Krupp foundation paid lip service to Mr Cromme’s ideals....
...Investor frustration is also running high over another supervisory board member, Gerhard Cromme, who steered the merger of Krupp and Thyssen more than a decade ago and who has chaired the company since 2001...
...The Dow Jones Industrial Average traded in and out of negative territory but finished 0.1 per cent higher at 13,507.32, while the technology heavy Nasdaq Composite index shed 0.3 per cent to 3,117.50 dragged...
...“The junket operators will be more reluctant to take VIPs to Singapore because they will get better returns elsewhere,” says Vicky Melbourne, head of industrials at Fitch....
...In Frankfurt, Thyssen-Krupp sank 2.7 per cent to €20.80 after analysts at UBS cut the stock to “sell” from “neutral” and forecast “another tough year” for the German steelmaker....
...STEC Inc was up 5.7 per cent to $10.82....
...Germany’s Thyssen Krupp, the steel group, slipped after a report in the German newspaper Die Welt that the company believes that Australian floods could drive up the cost of coal and thus of steel....
...The group invested heavily in its steel business in recent years, at the expense of its sprawling range of other divisions that include elevators, bearings and industrial services....
...Steelmaker ThyssenKrupp’s decision to move its corporate headquarters this year from Düsseldorf – the “writing desk of the Ruhr” – to a new campus in Essen is symbolic of the area’s improving fortunes and...
...Instead, companies from Thyssen-Krupp to Bosch to Daimler have turned to measures such as government-sponsored short-term working schemes....
...Last week, shareholders at German steel and industrial conglomerate ThyssenKrupp voted on pay, the first time for a company in the Dax-30 blue-chip index....
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