Strategic Alliances


  • UPDATE 1-Alstom minority investors criticise GE deal Tuesday, 1 Jul 2014 | 2:54 PM ET

    *Say they lack information on valuation of Alstom's assets. PARIS, July 1- Minority shareholders in Alstom criticised its planned tie-up with General Electric, saying they had not been given enough information, and some voiced concern about the French government's influence as a result of the deal.

  • DOHA, July 1- Saudi Arabian Mining Co has signed a $5 billion financing deal with commercial banks and a state-owned investment fund to back its $7.5 billion phosphate production project in the kingdom, it said in a statement on Tuesday.

  • TOKYO, July 1- AirAsia Bhd said on Tuesday it would set up a low-cost airline with Japan's biggest online retailer Rakuten Inc and other firms, marking the budget carrier's second attempt to tap one of Asia's lucrative air travel markets.

  • CARACAS, June 26- Protesters blocking the railroad of Colombia's largest coal miner, Cerrejon, ended their protest late on Thursday after reaching an agreement with the company, the manager of the third-party contractor that employs them told Reuters. The company is a joint venture between Anglo American Plc, BHP Billiton and Glencore Xstrata Plc.

  • Jeep to enter India market in 2015 - executive Thursday, 26 Jun 2014 | 2:40 PM ET

    CHELSEA, Mich., June 26- Fiat Chrysler Automobiles will begin selling Jeep, the SUV brand central to its global expansion, in India in 2015, the brand's chief, Mike Manley, said on Thursday. Manley said the original plan was for Jeep to enter the India market in late-2013, but that was delayed because he did not feel the brand would enter the market strongly at the time.

  • Alstom and GE chiefs celebrate "three-fold win" Tuesday, 24 Jun 2014 | 1:23 PM ET

    BELFORT, France, June 24- In a joint trip to the eastern town of Belfort that is the cradle of their cooperation in France, the bosses of Alstom and General Electric defended their tie-up as good for business, jobs and France.

  • *Alstom to get $10 bln in cash as part of GE deal. PARIS, June 23- France will be making a sound investment by taking a stake in Alstom, its chief executive said on Monday, adding however that the government would be buying in too late to have a say in the use of proceeds from its tie-up with General Electric.

  • *France agrees Alstom stake option with Bouygues. PARIS, June 22- France won an option to buy 20 percent of Alstom from construction group Bouygues on Sunday, in an eleventh-hour deal clearing the way for the agreed sale of Alstom's energy business to General Electric.

  • *France seeks to buy Bouygues' 20 pct in Alstom. *Formal deadline for GE offer for Alstom is Monday. PARIS, June 22- The French government was locked in negotiations on Sunday over its planned purchase of a stake in Alstom from conglomerate Bouygues, the last hurdle in an announced tie-up between Alstom and General Electric.

  • Daimler will set up production capacity at a plant operated by its alliance partner Nissan in Aguascalientes northeast of Guadalajara, the magazine cited unnamed company executives as saying. Daimler and Nissan declined to comment.

  • *French state to take 20 percent stake in Alstom. PARIS, June 20- France chose General Electric to form an alliance with Alstom on Friday- rejecting an offer from Siemens and Mitsubishi Heavy Industries- but said the deal still needed some work and added it would buy a 20 percent stake in the hotly-contested company.

  • with U.S. video streaming company Netflix about a. Netflix in May unveiled plans to launch in both Germany and France this year, in the biggest test so far of its global expansion strategy.

  • WASHINGTON, June 16- The rocket launch company run by Boeing Co and Lockheed Martin Corp on Monday said it had signed contracts with multiple U.S. firms to work on a next-generation rocket engine as an alternative to a Russian engine now used for key launches.

  • NEW YORK, June 16- J.C. Penney's pact with Martha Stewart Living Omnimedia to sell a line of home goods interfered with an exclusive deal between the celebrity's company and Macy's, a New York judge ruled on Monday. In his ruling, however, Justice Jeffrey Oing of New York state court limited the damages that Macy's could obtain.

  • EU to team up with South Korea in global 5G race Monday, 16 Jun 2014 | 11:34 AM ET

    BRUSSELS, June 16- The European Union is teaming up with South Korea to jointly research the next generation of mobile broadband technology, hoping the Asian country's expertise will help it catch up in a field crucial for economic growth and jobs.

  • *Airbus, Safran set to form jv in space launchers- sources. PARIS, June 15- Airbus Group and Safran are set to boost co-operation with a joint venture in space launchers, aiming to galvanize Europe's competitive response to U.S. low-cost rival SpaceX, people familiar with the matter said.

  • PARIS, June 15- Airbus Group and Safran look set to boost co-operation in the space launch industry with a joint venture, accelerating Europe's response to competition from U.S. low-cost rival SpaceX, people familiar with the matter said. Airbus Group and Safran declined comment.

  • PARIS, June 15- France is continuing to press for guarantees from contenders to buy energy assets from Alstom, as Siemens and Mitsubishi Heavy Industries consider a joint move to challenge a formal offer from General Electric.

  • PARIS, June 14- French drugmaker Sanofi said on Saturday it was teaming up with U.S. medical device maker Medtronic in diabetes. Under the terms of a memorandum of understanding, Sanofi and Medtronic will initially cooperate on developing drug-device combinations and offering care management services for diabetes patients.

  • *Italy strategic economic partner of Kazakhstan- president. BOROVOYE, Kazakhstan/ MILAN, June 12- Italy's Eni signed an agreement with Kazakhstan's state-owned KazMunaiGas on Thursday to look for oil and gas in the North Caspian Sea in a move that will grow the oil major's footprint in the resource-rich country.