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Strategic Alliances

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  • Tobacco supplier Universal to enter food business Thursday, 17 Apr 2014 | 8:19 AM ET

    Richmond, Va.- based Universal Corp. is opening a new juice and dehydration facility in North Carolina that will initially focus on sweet potatoes. The new subsidiary, Carolina Innovative Food Ingredients Inc., expects to invest about $20 million over two years into the facility.

  • April 16- Fiat Chrysler Automobiles will announce an agreement by the end of April to allow production of Jeep models in China, the head of the Jeep brand, Mike Manley, said on Wednesday.

  • Atari gets into real-money gambling Tuesday, 15 Apr 2014 | 5:29 PM ET

    Atari, the maker of classic video games like "Pong" and "Centipede," is about to make things a bit more interesting for players. Pariplay will launch Atari's brands across a number of social, online and mobile platforms. This includes a website with real-money gambling on some of Atari's arcade classics, like Centipede, Asteroids and Pong.

  • UPDATE 1-Russian car sales flat in March - AEB Tuesday, 8 Apr 2014 | 8:53 AM ET

    MOSCOW, April 8- Russian car sales were flat in March from a year earlier, a lobby group for the industry said on Tuesday, showing some sign of stabilisation after two months of falls. Car sales have been falling as Russia's economy falters and people delay making large purchases, and they are expected to remain weak this year.

  • *Japan's Abe says wants further progress with Australia. TOKYO, April 7- Japan and Australia are near to reaching a trade deal just as Tokyo's parallel talks with the United States heat up, adding impetus to stalled negotiations over an ambitious Pacific trade pact.

  • *Bank of China to be Deutsche Boerse clearing partner-sources. FRANKFURT, March 28- Deutsche Boerse and Bank of China are set to sign a strategic partnership agreement that would make it easier for Chinese and European investors to gain access to each other's capital markets, two sources with knowledge of the matter told Reuters on Friday.

  • *Cargill gains access to sugar in top producer Brazil. *Venture may limit options for smaller Brazil mills. Cargill will gain access to sugar in Brazil, the world's top producer, without the financial burden of buying and operating assets, while Copersucar will expand its global footprint and secure Cargill's market know-how, analysts said.

  • *Venture may limit options for smaller Brazil mills. LONDON, March 27- U.S.-based agribusiness and global commodities trader Cargill said it was forming a joint sugar trading business with Brazil's Copersucar, which is likely to be the world's largest.

  • PARIS, March 26- PSA Peugeot Citroen's tie-up with China's Dongfeng was signed on Wednesday, bringing the French carmaker much-needed cash and greater access to Asia but leaving major challenges ahead.

  • *Hyundai says to sign deal on Chongqing plant on Thursday. "Considering China's future demand growth outlook, we need to build a new plant to maintain our stable market share of 10 percent in China," Hyundai said in a statement on Wednesday.

  • *Hyundai seeks to build plant in Chongqing. Group chairman Chung Mong- koo will sign a preliminary deal on Thursday with the government of Chongqing city, where the proposed plant will be located, Hyundai said in a statement.

  • SEOUL, March 26- Hyundai Motor group chairman Chung Mong- koo plans to sign a preliminary deal on Thursday to build the automaker's fourth auto manufacturing plant in Chongqing, China, the company said.

  • MILAN, March 25- Google has teamed up with Ray-Ban maker Luxottica in a bid to turn its Internet-connected Glass spectacles into a widely-available, stylish consumer product.

  • Nissan and Daimler sign Mexico venture plan - source Friday, 14 Mar 2014 | 3:00 PM ET

    PARIS, March 14- Nissan and Daimler have agreed on plans for a 50-50 Mexican joint venture designed to produce future vehicle models for their Infiniti and Mercedes-Benz brands, a person with knowledge of the matter said on Friday.

  • TOKYO, March 14- IHI Corp, General Electric's jet engine partner in Japan, may tie up aircraft engine part production with Mitsubishi Heavy Industries Ltd which is more closely aligned with GE's competitors.

  • WASHINGTON, March 11- The crisis in Ukraine has not jeopardized the longstanding relationship between the U.S. Air Force and the Russian company that builds engines for the rockets used to launch large U.S. government satellites, a U.S. official said on Tuesday.

  • WASHINGTON, March 11- The crisis in Ukraine has not jeopardized the longstanding relationship between the U.S. Air Force and the Russian company that builds engines for the rockets used to launch large U.S. government satellites, a U.S. official said on Tuesday.

  • DETROIT, March 4- EcoMotors, a Michigan- based engine maker backed by Microsoft founder Bill Gates and venture capitalist Vinod Khosla, has formed a joint venture in China with a subsidiary of First Auto Works. FAW's manufacturing partners in China include Volkswagen AG, Toyota Motor Corp and General Motors Co.

  • *Private employers add 139,000 jobs in February. WASHINGTON, March 5- U.S. private employers added fewer workers than expected in February and services sector growth slowed, the latest signs that severe weather continues to be a drag on the economy.

  • LONDON, Feb 27- Iran's oil tanker fleet is gearing up for more business, with some vessels taking to the high seas after over more than a year at home ports, another sign that an easing in Western sanctions is enabling exports to begin to pick up.

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Wednesday, 23 Apr 2014 | 10:50 PM ET

Taro Kono, Member of the House of Representatives in Japan's Parliament, says the Liberal Democratic Party (LDP) stands behind Prime Minister Shinzo Abe in pushing for the TPP trade deal.

Wednesday, 23 Apr 2014 | 10:34 PM ET

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David Garrity, Principal at GVA Research, says Apple's decision to raise its dividend and step up its stock buyback program signaled confidence in the tech giant's outlook.