Business Strategy Joint Ventures

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  • Jan 20- Pharmaceutical group GlaxoSmithKline Plc is said to be in discussions with chipmaker Qualcomm Inc to form a joint venture as GSK looks for ways to develop medical technology, Bloomberg reported on Wednesday. The talks are at an initial stage and nothing has been decided, people familiar with matter told Bloomberg. GSK declined to comment, while Qualcomm...

  • NEW YORK, Jan 17- Qualcomm Inc and the provincial government of Guizhou in southwest China unveiled on Sunday a $280 million joint venture for the design, development and sale of advanced server technology, as the U.S. chipmaker deepens its Chinese relations. Qualcomm officials in Beijing signed a strategic cooperation agreement with the government of...

  • SANTIAGO/ LONDON, Jan 15- Chile-headquartered LATAM Airlines has signed joint business agreements to deepen its ties with American Airlines Group and IAG's British Airways and Iberia, all members of the Oneworld Alliance. Davy analyst Stephen Furlong said the new agreement would give LATAM and IAG about a third of the capacity on Europe to South America...

  • China Post Group sued by investors in joint venture Wednesday, 13 Jan 2016 | 5:42 PM ET

    NEW YORK, Jan 13- A group of New York investors sued China Post Group Corporation for $500 million on Wednesday, claiming the government postal service failed to live up to its end of a deal to launch a chain of mini-markets in rural China. In a summons filed in Manhattan Supreme Court, New York- based China Horizon Investments Group, hedge fund firm Platinum Partners...

  • Jan 13- Chipmaker Qualcomm Inc and Japan's TDK Corp said they have formed a $3 billion joint venture to supply key components and modules used to communicate wirelessly with devices like smartphones, drones, robots and Internet of things. Qualcomm Global Trading Pte Ltd will hold 51 percent of the new venture RF360 Holdings, while the remaining 49 percent will...

  • Unilever returns to Cuba in joint venture with state Monday, 11 Jan 2016 | 6:38 PM ET

    HAVANA, Jan 11- Global consumer products company Unilever Plc will return to Cuba after a several-year absence, agreeing on Monday to build a $35 million soap and toothpaste factory in Cuba's special development zone at the port of Mariel west of Havana. At the time of the dispute, Cuba's Communist government preferred the state hold a majority stake in joint...

  • Jan 11- A joint venture between SNC-Lavalin Inc and Aecon Group Inc was awarded a C $2.75 billion contract to replace the main reactor components at a nuclear power plant in Darlington, Canada, SNC-Lavalin said on Monday. The province of Ontario's government said it would begin refurbishing the Unit 1 reactor at the Darlington Nuclear Generating Station in...

  • Dec 22- Walt Disney Co is in talks to sell its stake in cable and digital network Fusion to partner Univision Communications Inc, the Wall Street Journal reported. Fusion, which is focused on millennials, was launched in October 2013 as a partnership between Disney's ABC News and Univision. New York- based Univision owns a highly rated Spanish language broadcast...

  • Dec 22- U.S. oil and natural gas producer ConocoPhillips has sold its 50 percent stake in a joint venture with Russian state oil company Rosneft, a ConocoPhillips spokesman said. The exit from Russia comes about five years after ConocoPhillips sold its biggest sole asset in Russia, a stake in Lukoil, for $9.5 billion. ConocoPhillips was left with the Polar Lights...

  • Dec 22- U.S. oil and natural gas producer ConocoPhillips sold its stake in a joint venture with Russian state oil company Rosneft, exiting the country after more than 25 years, the Financial Times reported. The exit from Russia comes about five years after ConocoPhillips sold its biggest sole asset in Russia, a stake in Lukoil, for $9.5 billion.

  • Dec 11- Seeds and chemical maker Dow Chemical Co said it would assume full control of Dow Corning, its joint-venture with Gorilla glass maker Corning Inc.. The transaction is expected to yield more than $1 billion in additional annual EBITDA at full run-rate synergies, Dow Chemical said. Dow and Corning will maintain their current equity stake in Hemlock,...

  • Dec 11- Seeds and chemical maker Dow Chemical Co said it would assume full control of its joint-venture with Corning Inc, the supplier of Gorilla Glass for iPhones. Formed in 1943, Dow Corning produces silicon-based products for aerospace, automotive and electrical industries. The transaction is expected to yield more than $1 billion in additional annual...

  • Dec 11- Seeds and chemical maker Dow Chemical Co said it would buy the remaining stake in its joint-venture with Gorilla glass maker Corning Inc.. The transaction is expected to yield more than $1 billion in additional annual EBITDA at full run-rate synergies, Dow Chemical said. Dow and Corning will maintain their current equity stake in Hemlock Semiconductor...

  • Dec 11- Seeds and chemical maker Dow Chemical Co said it would buy the remaining stake it its joint-venture with Corning Inc, the supplier of Gorilla Glass for iPhones. Formed in 1943, Dow Corning produces silicon-based products for aerospace, automotive and electrical industries. The transaction is expected to yield more than $1 billion in additional annual...

  • SAO PAULO, Dec 10- State prosecutors in Brazil said on Thursday they were bringing a civil lawsuit against miners Vale, BHP Billiton and their joint venture Samarco, an iron ore mine where a burst dam last month killed at least 13 people and devastated a nearby village. The public prosecutors in the state of Minas Gerais said they had taken the action after Samarco,...

  • UPDATE 1-Shell says reviewing New Zealand assets Wednesday, 9 Dec 2015 | 6:39 PM ET

    WELLINGTON, Dec 10- Energy giant Royal Dutch Shell said on Thursday it was reviewing its business interests in New Zealand as the company seeks to streamline its global portfolio amid a slump in energy prices. "The Shell business in New Zealand is a great, but a small part of the global Shell business and hence the decision to undertake a strategic review at this...

  • CAPE CANAVERAL, Fla., Dec 3- Rain and cloudy skies delayed Orbital ATK's planned resumption on Thursday of cargo runs to the International Space Station, a year after the company's Antares rocket exploded during launch. An Orbital Cygnus spacecraft, perched atop an Atlas 5 rocket from United Launch Alliance- a Lockheed Martin Corp and Boeing Co joint venture- had...

  • Vanguard ends customer discounts for TurboTax Thursday, 3 Dec 2015 | 3:51 PM ET
    Vanguard

    Discounts for tax preparation products have been offered to Vanguard customers for more than a decade, but are being ended after a Vanguard review.

  • CAPE CANAVERAL, Fla., Dec 3- A year after its Antares rocket exploded during launch, Orbital ATK is poised to resume cargo runs to the International Space Station, this time using a hired ride from United Launch Alliance, a Lockheed Martin Corp and Boeing Co joint venture. Liftoff of the ULA Atlas 5 rocket is slated for 5:55 p.m. EST on Thursday from Cape Canaveral Air...

  • TORONTO/ MUMBAI, Dec 2- Canada's Sun Life Financial Inc signaled the significance of the fast growing Indian insurance market by revealing plans on Wednesday to increase its stake in life insurance joint venture Birla Sun Life Insurance, to 49 percent. Toronto- based Sun Life, which currently owns 26 percent of Birla Sun Life, is buying an additional 23 percent in...