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Strategic Alliances

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  • BEIJING, April 17- Two years ago, just one Chinese SUV ranked among the country's top-10. Despite preferential government policies, local carmakers have failed to really compete with foreign automakers like Volkswagen AG and General Motors in sedan sales. Chongqing Changan Automobile and Great Wall Motor will launch fresh versions of their top-selling SUVs...

  • UPDATE 1-SunPower, Apple to build solar projects in China Thursday, 16 Apr 2015 | 10:05 AM ET

    April 16- Solar panel maker SunPower Corp said it would partner with Apple Inc to build two solar power projects in China's Sichuan province with total capacity of 40 megawatts. The projects, when complete, will be co-owned by Apple and Sichuan Shengtian New Energy Development Co Ltd, SunPower's project development joint venture. SunPower and longstanding...

  • CAPE CANAVERAL, Fla., April 13- Hours after unveiling its next-generation "Vulcan" rocket, the company that launches most of America's satellites, United Launch Alliance, ran into its first problem- the rocket's name. "Vulcan is a trademark of Vulcan Inc. and we have informed ULA of our trademark rights," Chuck Beames, president of the Paul Allen-backed Vulcan...

  • CAPE CANAVERAL, Fla., April 13- Hours after unveiling its next-generation "Vulcan" rocket, the company that launches most of America's satellites, United Launch Alliance, ran into its first problem- the rocket's name. "Vulcan is a trademark of Vulcan Inc. and we have informed ULA of our trademark rights," Chuck Beames, president of the Paul Allen-backed Vulcan...

  • Sears and Simon Property Group Inc said they would form a 50-50 joint venture to boost the value of 10 Sears properties at Simon-managed malls, similar to its April 1 announcement with mall operator General Growth Properties. As part of the agreement, up to half of the space Sears sold will be available for redevelopment for new tenants who will pay higher rents.

  • PONOWARENG, Indonesia/ JAKARTA, April 9- Indonesia announced with great fanfare in 2011 that it would build Southeast Asia's biggest coal-fired power plant on the island of Java, but the $4 billion project is yet to be launched and President Joko Widodo is on the horns of a dilemma. There is no sign yet of what Widodo will do about the coal plant in the Batang region of...

  • April 8- Rite Aid Corp reported a better-than-expected quarterly profit on Wednesday, and expected a renewed distribution agreement with McKesson Corp along with the remodeling of its wellness stores to benefit fiscal 2016 earnings. Rite Aid is the No. 3 drugstore chain by sales in the U.S. behind Walgreen Boots Alliance and CVS Health Corp.

  • Sears shares rose 7 percent at $44.22 in premarket trading on Wednesday. Billionaire Chief Executive Eddie Lampert, who controls nearly half of Sears, has launched a series of unusual transactions, cut costs and sold assets to turn around the company, which has posted losses for the last 11 quarters. Sears owned or leased 1,725 Sears and Kmart stores as of Jan. 31.

  • April 1- CNX Coal Resources LP, Consol Energy Inc's thermal coal business formed as a master limited partnership, filed for an initial public offering with U.S. regulators on Wednesday, as Consol shifts focus to boosting natural gas production. Coal miners have been weighed down by a switch by U.S. utilities to cheaper natural gas from power-generating coal, and...

  • Consol Energy's thermal coal unit files for IPO Wednesday, 1 Apr 2015 | 7:29 AM ET

    April 1- CNX Coal Resources LP, Consol Energy Inc's thermal coal business formed as a master limited partnership, filed for an initial public offering with U.S. regulators on Wednesday. The filing had a nominal fundraising target of $250 million. The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees.

  • April 1- Sears Holdings Corp said it would form a real estate investment trust, which will buy about 254 Sears and Kmart stores in a transaction valued at more than $2.5 billion. The newly formed REIT, Seritage Growth Properties, will launch a rights offering to partially fund the purchase of the stores. In a separate deal, Sears said it would form a joint venture with...

  • March 31- YouTube pioneer Michelle Phan, who built a business empire around her popular makeup tutorials, on Tuesday debuted a global online network devoted to beauty, fashion and lifestyle that features original series by her and other creators. Phan launched the ICON network with Endemol Beyond, a premium channel network owned by Endemol Shine Group.

  • WASHINGTON, March 25- The U.S. Air Force must modify its annual "launch capability" contract with United Launch Alliance, to level the playing field for new competitors of the joint venture of Lockheed Martin Corp and Boeing Co, senior U.S. Air Force and Pentagon officials told lawmakers on Wednesday. There'll have to be a change, "Hyten told the House Armed Services...

  • WASHINGTON, March 25- The U.S. Air Force must modify an annual "launch capability" contract awarded to United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co, given the advent of a new competitor, senior U.S. Air Force and Pentagon officials told lawmakers on Wednesday. Air Force Space Command Commander General John Hyten said acquisition...

  • *Agreement is latest Chinese acquisition in Italy. MILAN, March 22 (Reuters)- China National Chemical Corp (ChemChina) is to buy into Pirelli, the world's fifth-largest tire maker, in a 7.1 billion-euro ( $7.7 billion) deal that will put the 143- year-old Italian company in Chinese hands. The deal agreed with Pirelli's top shareholders on Sunday is the latest in a...

  • *Agreement is latest Chinese acquisition in Italy. MILAN, March 22- China National Chemical Corp is to buy Pirelli, the world's fifth-largest tyre maker, in a 7.1 billion-euro deal that will put the 143- year-old Italian company in Chinese hands. The deal agreed with Pirelli's top shareholders on Sunday is the latest in a series of takeovers made in Italy by...

  • MILAN, March 19- Shares in Pirelli jumped as much as 5 percent on Thursday after an Italian daily said the tyre maker was working on a revamp plan that includes taking an Asian partner, the launch of a buyout offer and the de-listing of the group. According to Corriere della Sera, Pirelli Chairman Marco Tronchetti Provera wants to bring on board an Asian shareholder...

  • *Nintendo, DeNA untraded with buy orders after tie-up news Nintendo- related shares soar on new console hopes. Nintendo shares were untraded at 0220 GMT, but looked set to rise by its daily limit of 21 percent to 17,080 yen as the stock was flooded with buy orders after it and DeNA Co said they will jointly develop game applications. CLSA raised Nintendo's rating to'...

  • *Nintendo, DeNA to jointly develop, operate phone apps. *Nintendo has lost users to apps, console rivals. Nintendo, which already warned its annual operating profit would halve on weak console sales, said on Tuesday it was teaming up with online gaming firm DeNA Co Ltd to develop and operate gaming apps.

  • *Nintendo has lost users to smartphone apps, console rivals. TOKYO, March 17- Japan video game maker Nintendo Co Ltd and online gaming firm DeNA are teaming up to develop smartphone games featuring the likes of Super Mario, in a bid to retain users increasingly shunning their console and browser-based games. As a result, Nintendo will acquire a 10 percent stake in...