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Strategic Alliances

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  • 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...

  • Microsoft delays launch of Xbox One in China Sunday, 21 Sep 2014 | 10:50 AM ET
    Xbox and PlayStation signage on display at the 2014 E3 Electronic Entertainment Expo.

    Microsoft has delayed the launch of its Xbox One game console in China. The company said it would be released by the end of the year.

  • Tata Motors executive Slym dies in fall from hotel Sunday, 26 Jan 2014 | 10:06 AM ET
    Karl Slym, managing director of Tata Motors Ltd.

    Karl Slym, managing director of India's Tata Motors, died on Sunday after falling from a high floor of a hotel in Bangkok, the company said.

  • Time Warner Cable, Viacom renew distribution deal Tuesday, 24 Dec 2013 | 10:35 AM ET
    A man enters Viacom headquarters in New York.

    Time Warner Cable said it had renewed its distribution agreement with Viacom, whose channels include MTV, Comedy Central and Nickelodeon.

  • Nasdaq to Set Up Trading Post for Private Firms Wednesday, 6 Mar 2013 | 7:43 AM ET

    Nasdaq OMX Group said it will form a joint venture with SharesPost to establish a marketplace for private companies. The stock exchange operator will retain a majority stake in Nasdaq Private Market.