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Strategic Alliances

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  • Penney teams up with Elle Macpherson for lingerie Friday, 4 Apr 2014 | 6:55 AM ET

    NEW YORK— J.C. Penney is hoping that some supermodel magic will win over shoppers in the lingerie department. The beleaguered department store chain is launching an exclusive lingerie collection in the U.S. with a partnership with Elle Macpherson, who along with Christy Turlington, Cindy Crawford and others defined a new generation of supermodels in the 1980 s.

  • *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.

  • JERUSALEM, Feb 19- The partners in the Tamar natural gas field off Israel's Mediterranean coast have signed a deal to sell at least $500 million of gas over 15 years to two Jordanian companies in the first deal outside of Israel. Israel's Delek Group, through its units Avner Oil Exploration and Delek Drilling, holds a 31.25 percent share.

  • JERUSALEM, Feb 19- The partners in the Tamar natural gas field off Israel's Mediterranean coast have signed a deal to sell at least $500 million of gas over 15 years to two Jordanian companies for the first deal outside of Israel. Albemarle- at their facilities near the Dead Sea, Noble Energy said on Wednesday.

  • European shares steady; Peugeot surges Wednesday, 19 Feb 2014 | 3:21 AM ET

    PARIS, Feb 19- European shares were steady in early trade on Wednesday, underpinned by strong gains in PSA Peugeot Citroen after the French carmaker announced a partnership with a Chinese rival. But Peugeot dominated, rising 8 percent as traders cited short-covering on the stock following the 3 billion euro capital tie-up with China's Dongfeng.

  • BUENOS AIRES, 18 Feb- Argentine state-run oil company YPF said Tuesday that it had signed a memorandum of understanding for Malaysian energy company Petronas to invest in its massive Vaca Muerte shale formation.

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