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Strategic Alliances

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  • MEXICO CITY, Jan 9- Mexico's telecommunications regulator has fined both Carlos Slim's fixed-line unit Telmex and satellite TV provider Dish Mexico for failing to disclose fully a tie-up between them, the companies said in separate statements on Friday. Dish Mexico was fined 43 million pesos while Telmex was fined 14.4 million pesos. Dish Mexico is a joint...

  • The Air Force said on Tuesday it was "close" to certifying a new company to launch large U.S. military satellites, but did not name SpaceX. On Wednesday, the Air Force expanded its statement with details about its review of SpaceX, and said the privately held company founded by entrepreneur Elon Musk "is making substantial progress" toward being allowed to compete...

  • Lieutenant General Samuel Greaves, commander of the Air Force Space and Missile Systems Center, said in a statement late on Tuesday that the Air Force had missed a December deadline for certification, but added that "a new entrant is close." The Air Force previously said it hoped to complete certification in December so SpaceX could be eligible to compete for the...

  • SAN JOSE, Costa Rica, Jan 6- China and Costa Rica have signed a partnership agreement that could give Chinese firms a foothold in the country, the Costa Rican government said in a statement on Tuesday, another sign of expanding Chinese influence in Central America. The statement, sent from China, said that during a trip to Beijing, Costa Rican President Luis...

  • 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. The South Korea business is seen as worth around 4 billion pounds, and Thailand worth up to 5 billion pounds. Tesco has businesses in Poland, Hungary, Czech Republic and...

  • Jan 5- Verizon Communications Inc approached AOL Inc about a potential acquisition or joint venture to expand its mobile-video offerings, Bloomberg reported, citing people with knowledge of the matter. Verizon has not made a formal proposal to AOL, and no agreement is imminent, Bloomberg said, citing people who asked not to be named. Verizon is seeking expertise...

  • Verizon approaches AOL on potential deal - report Monday, 5 Jan 2015 | 7:55 PM ET

    Jan 5- Verizon Communications Inc approached AOL Inc about a potential acquisition or joint venture to expand its mobile-video offerings, Bloomberg reported, citing people with knowledge of the matter. Verizon has not made a formal proposal to AOL, and no agreement is imminent, Bloomberg said, citing people who asked not to be named. Verizon is seeking expertise...

  • PARIS, Dec 14- French hotel operator Accor announced a strategic alliance with China Lodging Group on Sunday to create a major new player in the fast-growing Chinese domestic travel and hospitality market. The partnership "will leverage the strengths of Accor's global brands with a leading player in Chinese hospitality," Accor Chairman and Chief Executive...

  • PARIS, Dec 14- French hotel operator Accor announced a strategic alliance with China Lodging Group on Sunday to create a major new player in the fast-growing Chinese domestic travel and hospitality market. The deal will combine the French hotel operator's brands including Ibis with more than 2,000 existing establishments run by China Lodging's Huazhu...

  • LAUNCESTON, Australia, Dec 11- If you were looking for a sign that coal prices have finally bottomed out, then the ramping up of merger and acquisition activity is often a good indicator. In the past few days, a flurry of announcements have hit the headlines, including Anglo American's proposed sale of coal assets in Australia and South Africa, and Peabody Energy and...

  • Censors loom over Sony PlayStation's China prospects Wednesday, 10 Dec 2014 | 6:19 PM ET

    Sony Corp should fear China's censors as it prepares to unveil the price and release date of its PlayStation 4 gaming console in the world's third-largest gaming market.

  • SHANGHAI, Dec 11- Sony Corp should fear China's censors almost as much as rival Microsoft Corp as it prepares to unveil the price and release date of its PlayStation 4 gaming console in the world's third-largest gaming market. The announcement, due to be made in Shanghai around 0900 GMT on Thursday, comes hot on the heels of the launch of Microsoft's Xbox console in...

  • Dec 10- The Financial Times and Madrid's IE Business School launched a joint venture on Wednesday aimed at corporate executives looking to expand their education. Several business schools across the world including the Yale School of Management and Antai Business School in China are taking part in the corporate learning program. The FT, which is owned by...

  • SAO PAULO, Dec 3- In a sign of the distortions plaguing Brazil's stagnant economy, a wide range of companies are sharply cutting back output of their main products to instead sell electricity back into the national grid because it is more profitable. Usiminas, Brazil's biggest producer of flat steel, said in its latest earnings report that revenues from...

  • BEIJING, Dec 3- The president of Sinopec Group's oilfield services unit has been dismissed and is currently under investigation, state media reported on Wednesday. State media reported last month that China's corruption watchdog had launched a series of inspections into state-owned enterprises and government bodies including Sinopec Group, the parent of...

  • Airbus, Safran inaugurate space launcher venture Wednesday, 3 Dec 2014 | 3:45 AM ET

    PARIS, Dec 3- Aerospace groups Airbus and Safran formally inaugurated a joint venture to pool their space launcher activities on Wednesday, aiming to secure the future of the Ariane rocket and cut costs in the face of U.S. launch rival SpaceX. The announcement came after 20 European nations agreed at ministerial talks in Luxembourg to launch the Ariane 6 in 2020..

  • WASHINGTON, Dec 2- A compromise defense policy bill in Congress would bar the purchase of more Russian-made rocket engines to launch U.S. military satellites, clearing the way for competitive bids for 14 future launches, senior congressional aides said on Tuesday. It also authorizes $63.7 billion in spending for U.S. wars overseas, mainly Afghanistan and the...

  • WASHINGTON, Dec 2- A compromise defense policy bill in Congress would bar the purchase of more Russian-made rocket engines to launch U.S. satellites, clearing the way for competitive bids for 14 future launches, senior congressional aides said on Tuesday. The measure also authorizes $63.7 billion in spending for U.S. wars overseas, mainly Afghanistan and the...

  • SEOUL, Nov 24- U.S. automotive parts maker Visteon Corp has signed a preliminary deal to sell its controlling stake in South Korea's Halla Visteon Climate Control Corp to a local private equity firm for $3.6 billion, Korean media reports said. The Korea Economic Daily said on Monday Visteon plans to sign a final deal to sell its 69.99 percent stake in Halla Visteon...

  • LONDON, Nov 19- ICAP's shipping business is in merger talks with rival shipbroker Howe Robinson, the latest potential tie-up among sector players looking for scale after years of freight market turmoil. ICAP, the world's largest interdealer broker, said in a joint announcement on Wednesday with Howe Robinson, one of the world's oldest shipbrokers founded in...