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Joint Ventures

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  • LONDON, June 15- Britain's Thomas Cook, the world's oldest tour operator brand, has joined forces with Fosun International in China to tap into the booming travel market there. Thomas Cook said it was setting up a joint venture with Fosun, which owns 5 percent of the British firm, to better compete in a rapidly growing market in China for travel, both domestic and...

  • PARIS, June 14- Lockheed Martin Corp issued a warning on Sunday over the viability of its rocket launch joint venture with Boeing Co, saying the venture urgently needed the United States to waive a law banning the use of Russian engines to launch military and spy satellites. Rick Ambrose, who heads Lockheed's space business, told Reuters in an interview that...

  • TOKYO, June 11- Japan Post Holdings Co Ltd is in talks to start an asset management joint venture with Sumitomo Mitsui Trust Bank and Nomura Holdings Inc to sell mutual fund products at post offices, sources with the knowledge of the matter said. A Sumitomo Mitsui Trust spokesman declined to comment. Japan Post officials were not immediately available for...

  • CHINA STOCK REGULATOR SAYS SHANGHAI- DEUTCHE BOURSE JV COULD. SHANGHAI, May 29- The Shanghai-Deutsche Bourse joint venture could be expanded to include derivatives, a spokesperson for China's securities regulator said on Friday at a press conference. The joint venture, officially announced on May 27, aims to ease European investors' access to Chinese...

  • HONG KONG, May 28- China this week pushed ahead efforts to link its domestic markets with global peers by launching a joint venture in Germany to provide a wide range of yuan-denominated products to European investors. Deutsche Boerse agreed to set up a venture with the Shanghai Stock Exchange and China Financial Future Exchange to develop Chinese shares and...

  • WASHINGTON, May 26- U.S. satellite imagery provider DigitalGlobe Inc and Sweden's Saab AB on Tuesday announced a new joint venture aimed at building an accurate 3- D model of the earth and capturing billions of dollars in new business. Frazier said the new venture would use Saab's 3- D computer processing technology and DigitalGlobe's vast archive of billions...

  • FRANKFURT, May 26- German exchange operator Deutsche Boerse is set to unveil a joint venture with Shanghai Stock Exchange and China Financial Futures Exchange aimed at easing European investors' access to Chinese shares and ETFs, two people familiar with the plans said. "A central goal for Deutsche Boerse is to expand its cooperation with China," one of the people...

  • WASHINGTON, May 21- United Launch Alliance, a 50-50 joint venture of Lockheed Martin Corp and Boeing Co, on Thursday said it would go out of business unless it won commercial and civil satellite launch orders to offset an expected slump in U.S. military and spy launches. It will face competition for the first time when the Air Force expects to certify a rival,...

  • CAIRO, May 21- Juhayna Food Industries, one of Egypt's largest dairy product and juice makers, will form a joint venture with Denmark's Arla foods that will be 51 percent owned by Juhayna and managed by Arla, Juhayna said on Thursday.

  • SHANGHAI/ HONG KONG, May 20- Russell Investment Management and China's Ping An Insurance Group said they have terminated their investment joint venture after four years, the latest sign of friction between foreign fund managers and their Chinese partners. "Going forward, Russell Investments and Ping An Group have mutually agreed to change the ownership...

  • SHANGHAI/ HONG KONG, May 19- After four years of partnership, Russell Investment Management and China's Ping An Insurance Group have terminated their investment joint venture, sources with direct knowledge of the situation told Reuters, the latest sign of friction between foreign fund managers and their Chinese partners. Under the agreement, Chinese...

  • WASHINGTON, May 15- United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co, on Friday said it was cutting its executive ranks by 30 percent in December through what it called voluntary departures by 12 executives. ULA, formed by the two largest U.S. weapons makers in 2006, has long been the sole company able to launch U.S. military and...

  • WASHINGTON, May 15- United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co, on Friday said 12 executives would leave the company in December under a voluntary layoff, a 30- percent reduction in executive ranks. Tory Bruno, chief executive of the venture, told Reuters in an emailed statement the layoffs were part of ULA's ongoing efforts to...

  • UNITED LAUNCH ALLIANCE, JOINT VENTURE OF LOCKHEED AND BOEING, SAYS 12 EXECUTIVES LEAVING COMPANY IN DECEMBER UNDER VOLUNTARY LAYOFF.

  • *Vimpelcom CEO says no guarantee deal will be reached. AMSTERDAM/ MILAN, May 13- Russian telecoms group Vimpelcom is in talks with Asia's Hutchison Whampoa about merging their mobile phone businesses in Italy as a joint venture, Vimpelcom Chief Executive Jean-Yves Charlier said on Wednesday. But hammering out terms has proven difficult given the interests of...

  • May 5- Archer Daniels Midland Co, one of the world's largest grain traders, announced on Tuesday a deal to acquire full ownership of two Romanian export terminals on the Black Sea, bolstering its ability to export grain from Eastern Europe. ADM said it has agreed to acquire North Star Shipping and Minmetal, a 50-50 joint venture with North Star, which have grain...

  • BRUSSELS, May 5- The European Commission said on Tuesday it had approved a joint venture between two of the world's biggest coffee processors, Mondelez International of the United States and Dutch firm DE Master Blenders, conditional on asset sales. A spokeswoman for DE Master Blenders declined to comment, and officials at Mondelez were not immediately...

  • BRUSSELS, May 5- The European Commission said on Tuesday it had approved a joint venture between two of the world's biggest coffee processors, Mondelez of the United States and Dutch firm DE Master Blenders, conditional on asset sales.

  • April 30- Sears Holdings Corp and mall operator Macerich Co will form a joint venture, which will buy nine Sears properties in Macerich's malls for $150 million, in the retailer's third such deal this month. Sears will lease back the stores and continue to operate them. The stores have average in-line sales of $680 per square foot, Macerich Chief Executive Arthur...

  • BERLIN, April 29- Volkswagen has no merger or acquisition plans beyond ongoing discussions with its Chinese joint venture partner FAW that may result in its increasing its stake, the carmaker's finance chief Hans Dieter Poetsch said on Wednesday. "We are in a process of negotiations with our joint venture partner, also about the possibility of an increase in our...