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Strategic Alliances

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  • FACTBOX-Tesco CEO could buy time by selling assets Thursday, 16 Oct 2014 | 12:19 PM ET

    Tesco's most lucrative non- UK assets are its businesses in South Korea and Thailand, which could be sold outright or made separate businesses with local management teams and listed locally, as Casino did in Thailand. The South Korea business is seen as worth around 4 billion pounds, and Thailand worth 5 billion pounds. Tesco has businesses in Poland, Hungary,...

  • SYDNEY, Oct 15- An Australian private equity firm is preparing the world's biggest listing of a cinema chain, in a shrinking market that's already the world leader in Internet piracy and is about to receive online streaming juggernaut Netflix. That comes ahead of an expected launch by Netflix in the home of Crocodile Dundee and Mad Max, threatening to speed up the...

  • 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...

  • FRANKFURT, Oct 9- German exchange operator Deutsche Boerse is set to unveil a wide-ranging cooperation with the Shanghai Stock Exchange, three sources familiar with the plans said on Thursday. An agreement setting out the arrangement could be signed as soon as Friday, along with other business deals that could involve European planemaker Airbus, when Chinese...

  • NEW YORK, Oct 8- Bank of America Corp has clinched a deal to provide inventory and working capital financing to the biggest oil refinery on the East Coast, replacing JPMorgan Chase& Co with a revamped arrangement that excludes physical supplies, according to a source familiar with the deal. The agreement with Philadelphia Energy Solutions, sealed on Tuesday, will...

  • WASHINGTON, Oct 7- Raytheon Co expects Qatar and the U.S. government to complete a long-awaited multibillion-dollar agreement on a "significant" number of Patriot missile defense systems before year end, a senior company official told Reuters on Tuesday. Former Raytheon Chief Executive Bill Swanson had told analysts in January that he expected Qatar to...

  • ISTANBUL, Oct 5- Selling everything from their sofas to their wedding rings, Bank Asya clients are battling to shore up the Turkish lender against what they say is a government-orchestrated bid to scuttle it. Social networking sites in Turkey are plastered in notices from customers trying to raise funds in the form of deposits for the bank.

  • ISTANBUL, Oct 5- Selling everything from their sofas to their wedding rings, Bank Asya clients are battling to shore up the Turkish lender against what they say is a government-orchestrated bid to scuttle it. Social networking sites in Turkey are plastered in notices from customers trying to raise funds in the form of deposits for the bank.

  • SAN FRANCISCO, Oct 3- Microsoft Corp is demanding $6.9 million interest from Samsung Electronics in a dispute over smartphone patent royalties, according to a lawsuit unsealed by a New York federal court on Friday. Microsoft is asking the court to rule that it did not breach a business collaboration agreement with Samsung, and that Samsung must pay interest on...

  • Oct 2- United Technologies Corp's Pratt& Whitney unit on Thursday named a new head of its commercial engines division in the midst of a crucial launch of a commercial jet engine. He replaces David Brantner, who was named to the commercial engine leadership post in June 2013. The engine is offered on Airbus' A320neo narrow-body plane, which had its maiden flight last...

  • 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...

  • *Says China joint ventures planning to invest $14 billion from 2014 to 2018 to open five new assembly plants. *Says to launch 60 new or refreshed vehicles in china, including 9 new suvs, from 2014 to 2018. *Says expects China joint ventures to maintain net income margins in 9 to 10 percent range.

  • NEW YORK, Oct 1- PepsiCo Inc for the first time is introducing a product exclusively through Amazon.com Inc as the snack and soft drink maker aims to expand its footprint in e-commerce. The product, a naturally sweetened soda called Pepsi True, will be available on Amazon in mid-October in 24- packs of 7.5- ounce cans, the company said.

  • SINGAPORE, Sept 24- Singapore's Pavilion Energy said it had signed two long-term contracts to buy liquefied natural gas for trading and supply to Asia, adding to a previous contract as the state-owned firm seeks to become a global supplier.

  • Wal-Bank? Wal-Mart to offer checking accounts Wednesday, 24 Sep 2014 | 6:48 AM ET
    A Walmart employee facilitating a transaction for a Walmart money services customer in Massachusetts in June 2014.

    Wal-Mart is teaming up with Green Dot to supply checking accounts to almost anyone over 18 who passes an ID check. The NYT reports.

  • MEXICO CITY, Sept 23- Spain's Telefonica is considering a range of tie-up options in Mexico with broadcaster Grupo Televisa, including creating a new telecommunications company together, a person with knowledge of the matter said.

  • MOSCOW, Sept 22- Russia's auto market shows no signs of improving in the next two years having been hit by an economic slowdown and weak rouble, the head of Ford Motor Co's Russian venture told Reuters. Russia had been expected to overtake Germany as Europe's biggest auto market earlier this decade, but its progress has been delayed.

  • MOSCOW, Sept 22- Russia's auto market shows no signs of improving in the next two years having been hit by an economic slowdown and weak rouble, the head of Ford Motor Co's Russian venture told Reuters. Russia had been expected to overtake Germany as Europe's biggest auto market earlier this decade, but its progress has been delayed.

  • MOSCOW, Sept 22- Russia's auto market shows no signs of improving in the next two years having been hit by an economic slowdown and weak rouble, the head of Ford Motor Co's Russian venture told Reuters. Russia had been expected to overtake Germany as Europe's biggest auto market earlier this decade, but its progress has been delayed.

  • SHANGHAI, Sept 22- Volkswagen AG will launch a VW-badged luxury sedan designed solely for China next year in its pursuit of higher margins, said two people with knowledge of the plan, in a move that could put it in direct competition with its premium brand Audi.