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Daewoo Corp, the third largest conglomerate in South Korea, faced major layoffs and emergency financing in Jul 1999. The company will be taken apart by creditors if these drastic remedies do not solve Daewoo's economic woes.

Malaysia's most-respected, and only multinational, company Sime Darby reported a loss of 1.1 billion ringgit for the six months to Dec 1997. Sime Darby's diversified interests include machinery and plantations, and its pretax profits for the year to Jun 1997 were 1.7 billion ringgit. The losses were largely due to the groups banking and stockbroking arms. The banking group made some bad management decisions and recorded a loss of 1.8 billion ringgits for the six month period. Sime Darby sold off the banking business in Mar 1998 with a 1.9 billion ringgit loss on its investment.

Chile's Quinenco hopes to belie the notion that investors are better off investing in its best performing underlying assets than in the conglomerate itself. Skeptics claim that investing in a conglomerate is like investing in a holding company which decides where to infuse the capital among its strong and weak performing properties. Chmn Guillermo Luksic urges investors to focus on the corporation's capacity to develop new ventures and create value for shareholders, rather than the decline in share price since Jun 1998., If investors had put their money into Quinenco's best performing assets, rather than the conglomerate itself, they would have outperformed the Chilean bolsa. So why invest in Quinenco? Latin American [...]

Westinghouse Electric Co may be nearing the bottom of its financial decline. Although the company announced a loss of $326 million on revenues of $8.9 million for 1993, other factors indicate that Westinghouse is likely to cut costs and sell assets, such as its broadcast companies.

For many Canadians, the euphoria that accompanied the Toronto Blue Jays' World Series victory was one of the few bright spots in an otherwise grim season of economic and political [...]

While corporate survival often boils down to the concrete matters of cash flow, revenue growth and financial reserves, there are sometimes more esoteric influences. In these cases, the challenges facing [...]

TUSCALOOSA, Ala. -- It's not a stretch to say that spandex is gaining ground in men's apparel. Once thought of as a women's wear product for swimsuits, body sculpting apparel [...]

Huge Vivendi Universal Loss Vivendi Universal has announced a loss of $25.6 billion, or 23.3 billion euros, the largest-ever annual corporate loss in French history, after higher-than-expected write-downs. The net [...]

Troubled French conglomerate Vivendi Universal is looking to raise pound sterling280.39 million from the sale of its Hungarian telecoms business. Potential buyers are BT's telecoms investment fund GMT Communications Partners [...]

It's not the best of times for the French economy. Weak European stock markets have been compounded by political, financial and practical worries over further integration of the eurozone economies, [...]

The media landscape and those that dominate have been shaken by economic events. Conor Dignam discovers how the vision of strategic cross-media deals has fared. They were supposed to be [...]

In April, 21.8 percent of participating General Electric (GE) shareholders (a two-fold increase from 2001) voted in favor of a proposal urging the company to reveal how much it spent [...]

Blue-chip stocks may be black and blue these days, but Dow component company 3M Cos. is weathering the latest market downturn relatively unbruised. Like most of its companions in the [...]

Business Bernie Ebbers, chief executive of WorldCom, was forced out of office. The company's fortunes and share price deflated along with the telecoms bubble. A probe of WorldCom's accounting practices [...]

PARIS -- In the uncustomary position of mounting a comeback after its profits nearly evaporated in 2001, LVMH Moet Hennessy Louis Vuitton said Tuesday that first-quarter sales grew 8 percent, [...]

PARIS -- LVMH Moet Hennessy Louis Vuitton's 2001 earnings may have evaporated, but it's sticking with its game plan in anticipation of a 'soft recovery' in the second half of [...]

Wall Street analysts will be watching AOL Time Warner [AOL] closely on Monday when the cable, broadband and media giant is scheduled to hold an investor conference call. AOL Time […]

ANAHEIM -- Investors of AUL Time Warner were advised Thursday not to expect much in the near term but that long-term prospects for the media conglomerate should bring them healthy [...]

NEW YORK -- Media conglomerate AOL Time Warner Inc. is well-positioned for continued growth at its America Online unit despite a short-term speed bump in the form of the Sept. [...]

Credit rating agency Fitch Inc. warned Monday that the Walt Disney Co. faces further downgrades if its debt-reduction strategy does not go as planned during the next 12-24 months. Chicago-based [...]

Walt Disney Co. operating income for the quarter ending Dec. 31 could drop by 50%, according to the company, the two hardest-hit divisions being the media networks (broadcasting and cable) [...]

Saudi Basic Industries Corporation (Sabic) has reported a year-on-year decrease in profits of 37 per cent to SR 1,879 million ($501 million) in the first nine months of 2001, with [...]

Weyerhaeuser Corp. (NYSE:WY) logged third-quarter net earnings of $91 million, or 41 cents per share, on net sales of $3.7 billion. Immersed in a hostile takeover bid for Portland's Willamette [...]

PARIS -- Hit by an uncertain economic climate in the wake of the Sept. 11 attacks on New York and Washington, LVMH Moet Hennessy Louis Vuitton said it is now [...]

The Business Roundtable, a group of big-business CEOs, spent $18.5 million lobbying Congress and the federal government in the last half of 2000, making it the biggest spender among organizations [...]