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Strategic Alliances

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  • HOUSTON, Feb 2- Union workers were on strike for a second day on Monday at nine U.S. refineries and chemical plants in an attempt to force oil companies to sign a new national contract covering laborers at 63 plants. The United Steelworkers union said Royal Dutch Shell Plc, the lead industry negotiator, halted negotiations early on Sunday after the union rejected a...

  • NEW YORK, Feb 2- The last time U.S. oil workers went on strike in support of a nationwide pact, Jimmy Carter was president and KC and the Sunshine Band flew high in the Billboard chart with "Please Don't Go." In 1980, the companies also relied upon retired workers and people from other plants to run the refineries where strikes occurred, recalled Bob Landry, a retired...

  • HOUSTON, Feb 1- Union workers took to picket lines on Sunday after strikes were called at nine U.S. refineries and chemical plants in a bid to pressure oil companies to agree to a new national contract covering workers at 63 plants. The United Steelworkers union said Royal Dutch Shell Plc, the lead industry negotiator, halted talks after the union rejected a fifth...

  • WASHINGTON, Jan 28- The U.S. Air Force on Wednesday awarded a $383 million contract for more launch services to United Launch Alliance, a joint venture of Boeing Co and Lockheed Martin Corp, bringing the total value of the contract to $4.08 billion. The Air Force said it was adding three pre-priced launches to the existing contract, including the launch of a...

  • BAGHDAD, Jan 28- Royal Dutch Shell has signed a deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said on Wednesday. Esawi told a press conference in Baghdad the Nibras complex, which is expected to come on line within five to six years, would make Iraq the largest petrochemical...

  • LONDON, Jan 25- The growing ranks of the super rich and their increased appetite for risk have caught the eye of investment bankers. Traditionally focused on companies and institutions, investment banks are hiring staff and reorganising teams to cater to wealthy clans, from Chinese multi-millionaires to old world dynasties in Europe and the United States.

  • Jan 23- Expedia Inc has acquired online travel agency Travelocity from technology company Saber Corp for $280 million in cash, the companies said in a statement on Friday, as consolidation in the online booking industry continues. The deal follows a 2013 marketing agreement in which Expedia Inc's technology powered platforms for Travelocity's U.S. and...

  • WASHINGTON, Jan 14- U.S. Air Force Secretary Deborah James said on Wednesday she was disappointed that SpaceX was not certified to launch military and spy satellites by the end of December as hoped, but added she was confident the company would complete the process soon. James said the Air Force remained committed to completing the certification process as...

  • HONG KONG, Jan 14- China has allowed foreign investors to fully own e-commerce companies in Shanghai's free trade zone as part of a pilot scheme, the official Xinhua news agency said on Wednesday, citing the Ministry of Industry and Information Technology. Since the launch of the free trade zone in September 2013, policy makers have trumpeted reforms and relaxed...

  • 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.