CVS Caremark and prescription drug distributor Cardinal Health are combining their buying power through a 10- year joint venture to purchase generic medicines. It could add 5 cents per share or more to CVS Caremark's annual earnings, said Gabelli Funds Portfolio Manager Jeff Jonas, who follows CVS Caremark.» Read More
PARIS/ HONG KONG, Dec 5- Renault has won approval from Beijing authorities to begin Chinese production in a $1.3 billion joint venture with Dongfeng Motor Group, the carmakers said on Thursday. The 50-50 partnership "will allow Renault to deploy its ambitious strategy in the world's largest automotive market", the French company said in a statement.
PARIS, Dec 5- Renault has received a green light from Beijing authorities to begin Chinese car production in a $1.3 billion joint venture with Dongfeng Motor Group, the carmakers said on Thursday.
Dec 4- SPX Corp, which has been under pressure from its largest shareholder to boost its stock price, said it would sell its entire stake in an electrical equipment joint venture to partner Emerson Electric Co for $571 million. Ingersoll-Rand Plc has spun off its security business, while Timken Co is hiving off its steel division.
Dec 4- SPX Corp said it would sell its 44.5 percent stake in EGS Electric Group LLC to partner Emerson Electric Co for $571 million to focus on its main business of making pumps, valves and mixers to process and transport fluids.
Dec 4- Walt Disney Co and BesTV New Media are to form a digital joint venture in China as the U.S. company aims for a share of the country's fast-growing entertainment business.
DETROIT, Dec 2- Chrysler Group LLC said on Monday it will offer a new small commercial van for the North American market based on parent Fiat's Doblo van. The Ram ProMaster City will be built at a Fiat joint venture plant in Turkey. The plant, called Tofas, is a joint venture of Turkish conglomerate Koc Holding AS and Fiat SpA.
CARACAS, Nov 20- Venezuela's government and South Korea's Samsung Electronics said on Wednesday they are forming a joint venture to assemble devices and home appliances in the South American country. Industry Minister Ricardo Menendez said early production of smaller items such as tablets and cellphones is expected to start next year.
Oct 22- Corning Inc said it would buy out Samsung Display's stake in their LCD glass joint venture in a deal that could see the Samsung Electronics Co Ltd subsidiary take a 7.4 percent share in the Gorilla Glass maker.
Oct 22- Specialty glass maker Corning Inc said it would buy out Samsung Electronics Co Ltd's stake in their LCD panel joint venture in a deal that could result in the South Korean company taking a 7.4 percent share in Corning.
Oct 22- Specialty glass maker Corning Inc said it would buy out Samsung Electronics Co Ltd's stake in their LCD panel joint venture, resulting in the South Korean company taking a 7.4 percent shareholding in Corning. Corning shares rose about 20 percent in extended trading. Samsung owns 43 percent of the joint venture, Samsung Corning Precision.
SYDNEY, Oct 17- Shares in Australian building materials maker Boral jumped as much as 8 percent on Thursday after it announced a $1.6 billion plasterboard joint venture with its U.S. peer USG Corp.. The joint venture will be owned 50 percent by Boral and 50 percent by USG, for which USG will pay up to $575 million to Boral, according to statements by the two companies.
CALGARY, Alberta, Oct 15- Bellatrix Exploration Ltd, a small Canadian oil and gas explorer, said on Tuesday it has agreed to buy rival Angle Energy Inc for cash and shares worth C $315 million and formed a joint venture with a South Korean private equity firm to develop oil properties in Alberta.
MUMBAI, Oct 9- Wal-Mart Stores Inc and Bharti Enterprises are breaking up their Indian joint venture and will own and operate separate businesses in the country, the companies said in a joint statement on Wednesday.
Teys manages six accredited export beef processing plants, two feedlots and is a leading exporter of Australian beef to the United States, the statement said. Teys Australia is a 50/ 50 joint venture between the Teys family and Cargill Inc, the third largest meat processor in the United States, according to the company's website.
COPENHAGEN, Sept 27- Denmark's Vestas Wind Systems has agreed a joint venture with Japan's Mitsubishi Heavy Industries for offshore wind turbines, adding financial muscle to its attempts to catch up with rivals in a sector viewed as the future of wind power.
MELBOURNE, Sept 13- A dispute between Aquila Resources and a partner on the long-delayed $7 billion West Pilbara Iron Ore project in Australia erupted in the open on Friday, heralding a possible ownership shake-up.
MELBOURNE, Sept 13- Aquila Resources Ltd said on Friday it has held talks to bring in new investors for a long-delayed $7 billion iron ore project in Australia, as one of its key partners may no longer be committed to the development.
HONG KONG, Sept 11- China Oil& Gas Group Ltd, a joint venture partner with state-owned PetroChina, on Wednesday denied a newspaper report that one of its former executives was being investigated as part of a corruption probe.
Stanley Crooke, Isis Pharmaceuticals chairman & CEO, discusses his company's strategic new partnership in the treatment of neurological disorders using antisense therapy.
SINGAPORE, Aug 29- Singapore property and drinks conglomerate Fraser and Neave Ltd said on Thursday its joint venture partner, which is run by the Myanmar military, plans to start arbitration proceedings over the company's stake in Myanmar Brewery Ltd..