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Joint Ventures

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  • Airbus, Safran inaugurate space launcher venture Wednesday, 3 Dec 2014 | 3:45 AM ET

    PARIS, Dec 3- Aerospace groups Airbus and Safran formally inaugurated a joint venture to pool their space launcher activities on Wednesday, aiming to secure the future of the Ariane rocket and cut costs in the face of U.S. launch rival SpaceX. The announcement came after 20 European nations agreed at ministerial talks in Luxembourg to launch the Ariane 6 in 2020..

  • SYDNEY, Dec 3- Australia's first initial public offering in a medicinal marijuana company is three times oversubscribed, giving high hopes to its founder's ambitions to become "the George Clooney of medicinal cannabis". Founder and executive director Ross Smith said investors- some from as far afield as Russia and the United States- have already asked for...

  • BERLIN, Nov 11- Volkswagen's bid to increase its stake in a lucrative joint venture with Chinese partner FAW has stalled just as the German automaker is stepping up expansion in its biggest market, company sources said. The setback to VW's ambitions in China, where it sells nearly 40 percent of its vehicles, comes as Beijing seeks to promote national champions...

  • SHANGHAI, Oct 29- FAW-Volkswagen Automobile Ltd, a joint venture of Volkswagen AG and a Chinese state-owned carmaker, will recall 270,635 Audi cars in China to fix a problem with air bag software, China's quality watchdog said on Wednesday. The Audi recall comes less than two weeks after Volkswagen said it would call back more than 580,000 cars in China to fix a...

  • VCE, set up in 2009 as a one-stop shop for data centers, bundles Cisco's networking equipment and servers with EMC's storage gear and software from EMC's virtualization software unit VMware Inc.. Reports of EMC and Cisco encroaching on each other's turfs had sparked speculation that the partnership was fraying. "We view the Cisco/ VCE news as a' yawner' given that...

  • BRUSSELS, Oct 21- U.S. firm Honeywell International Inc's joint venture with chemicals company DuPont to produce a new refrigerant for car air conditioning systems to meet new environmental rules may be anti-competitive, the European Commission said on Tuesday, following a near-three year probe. When Honeywell and Dupont announced a joint venture to...

  • Oct 16- Toshiba Corp said it had signed an agreement with United Technologies Corp to strengthen strategic collaboration through their joint venture, Toshiba Carrier Corp, which develops air-conditioning equipment. The deal will expand the venture's engineering and sales resources outside Japan and establish engineering centers in the United States...

  • BEIJING, Oct 13- Universal Studios said on Monday it had a sealed an agreement to open a $3.3 billion theme park in Beijing, the culmination of a 13- year effort to enter China's fast-growing entertainment market. Tom Williams, chief executive of Universal Parks and Resorts, told a news conference in Beijing that the park would also aim to draw visitors from...

  • *VW 9- month group sales in China up 15 pct to 2.72 mln cars. European and U.S. carmakers are keen to raise their presence in China, but have been confined to owning 50 percent or less of joint venture companies run together with Chinese enterprises. VW, one of the first global automakers to establish production facilities in China during the 1980 s, has the biggest...

  • *VW 9- month group sales in China up 15 pct to 2.72 mln cars. European and U.S. carmakers are keen to raise their presence in China, but have been confined to owning 50 percent or less of joint venture companies run together with Chinese enterprises. VW, one of the first global automakers to establish production facilities in China during the 1980 s, has the biggest...

  • Oct 10- Rupert Murdoch's Twenty-First Century Fox and Apollo Global Management LLC agreed to combine three of their TV production companies behind hit shows such as "Big Brother", "American Idol" and "Masterchef" under one group. The companies said they would set up a joint venture to hold Apollo-controlled Endemol and Core Media and Fox's Shine Group.

  • TOKYO/ NEW YORK, Oct 2- Japan's SoftBank Corp said on Thursday it is taking a minority stake in privately-held Legendary Entertainment for $250 million and will form a joint venture with the Hollywood movie studio. Investing in Legendary would give SoftBank access to Hollywood films and television shows and would also broaden the reach of the Japanese company...

  • BEIJING/ SHANGHAI, Sept 22- Nissan Motor Co Ltd said on Monday it had set up a joint venture to manufacture and market its Infiniti brand in China, seeking to cash in on higher demand for understated luxury sedans in the world's biggest auto market.

  • SOCHI, Russia, Sept 19- The chief executive of Russia's top non-state oil company Lukoil said on Friday his firm was evaluating the implications of Western sanctions on its joint venture with France's Total.

  • CEO OF RUSSIA'S LUKOIL OIL COMPANY SAYS EVALUATES SANCTIONS IMPLICATIONS ON ITS JOINT VENTURE WITH FRANCE'S TOTAL.

  • Sept 12- Precious metals miner Fresnillo Plc said it would buy Newmont Mining Corp's 44 percent stake in their Mexico joint venture mines for $450 million in cash, increasing its exposure to gold mining in the country.

  • Solid Venture's quest to fight DMD  Tuesday, 9 Sep 2014 | 6:50 AM ET

    Ilan Ganot, Solid Ventures, discusses the company's ongoing efforts to develop treatments for Duchenne muscular dystrophy through gene therapy.

  • AmEx clinches $900M travel joint venture deal Monday, 17 Mar 2014 | 4:49 PM ET
    American Express cards are arranged for a photograph in New York.

    American Express said four financial investors have committed a total of $900 million to a business travel joint venture.

  • Biogen Idec and Isis form strategic alliance  Monday, 9 Sep 2013 | 8:40 AM ET

    Stanley Crooke, Isis Pharmaceuticals chairman & CEO, discusses his company's strategic new partnership in the treatment of neurological disorders using antisense therapy.

  • Nikkei Business Report  Wednesday, 19 Jun 2013 | 4:30 AM ET

    Tokyo stocks fell today as overnight remarks by Fed's Bernanke that quantitative easing may slow down later this year triggered selling. However, GS Yuasa shares shot up by nearly 6% following news that it will team up with Bosch and Mitsubishi Corporation in developing and selling lithium-ion batteries for electric cars.