Business Strategy Joint Ventures

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  • 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...

  • Nov 24- EMC Corp, in a bid to boost shareholder support for its sale to Dell Inc, will retain a majority stake in Virtustream and abandon a plan to place the loss-making cloud services provider in a joint venture with VMware Inc, people familiar with the matter said. The move is aimed at lifting VMware's shares, which have lost about a quarter of their value since...

  • CAPE CANAVERAL, Fla., Nov 19- United Launch Alliance, a joint venture of Lockheed Martin and Boeing, said Thursday it will jump into the booming market for miniature satellites known as CubeSats, officials said. Companies developing small satellite networks include Google's SkyBox Imaging, BlackSky Global, which is backed by Paul Allen's Vulcan Capital, Planet...

  • Flying LA to The Shire just got a little easier Friday, 13 Nov 2015 | 1:46 AM ET
    A Boeing Co. B777-300ER aircraft operated by American Airlines inside the Qantas Airways hangar at Sydney Airport in Australia, on Friday, Nov. 13, 2015.

    American Airlines and Qantas have boosted their tie-up, with the Aussie carrier pushing deeper into the U.S., while AA taps New Zealand.

  • A separate policy for so-called business interruption events could pay as much as $510 million if the joint venture between BHP Billiton Ltd and Vale SA proves that it lost that much in profits, the source added. Experts could take at least 90 days to investigate the causes of the disaster in southeast Brazil, a second source said, adding that the owners face a...

  • Nov 10- Molson Coors Brewing Co is nearing a deal to buy the rest of its U.S. joint venture with SABMiller Plc, as well as the rights to Miller brands internationally, for $12 billion, according to a person familiar with the matter. Molson Coors has been widely expected to make a bid for SABMiller's 58 percent stake in the joint venture known as MillerCoors LLC.

  • Nov 10- Molson Coors Brewing Co is nearing a deal to buy the rest of its U.S. joint venture with SABMiller Plc, MillerCoors LLC, for more than $10 billion, the Wall Street Journal reported on Tuesday. Anheuser-Busch InBev and SABMiller agreed last month to create a company making almost a third of the world's beer. Molson Coors is widely anticipated to make a bid for...

  • DUBAI, Nov 9- Boeing Co said on Monday it will enter a joint venture partnership with India's Tata Advanced Systems to build fuselages for the AH-64 Apache attack helicopter in India. "Over the last 12 months, we have doubled our sourcing from India and are committed to continue that journey," said Pratyush Kumar, President of Boeing India. TASL is a wholly owned...

  • BRASILIA, Nov 5- A dam holding back waste water from an iron ore mine burst on Thursday in the Brazilian state of Minas Gerais and local media reported as many as 16 people may have been killed. The mining company Samarco, a joint venture between Brazil's Vale and Australia's BHP, said in a statement it had not yet determined why the dam burst or the extent of the...

  • BRASILIA, Nov 5- An iron ore tailings dam owned by Vale SA and BHP Billiton Ltd burst on Thursday in the Brazilian state of Minas Gerais, killing as many as 16 people, local media reported. The joint venture, Brazilian miner Samarco, said it had not determined why the dam burst or the extent of the disaster at its Germano mine near the town of Mariana.

  • HONG KONG, Nov 2- Europe's biggest lender HSBC is setting up a majority-owned securities joint venture in China, taking advantage of Chinese rules that favor Hong Kong- established banks over foreign peers in the world's second biggest economy. HSBC's aim is to establish a foothold in issuing bonds in China, which the bank sees as an area of strong future growth.

  • Boeing gets LEAP engines from CFM for 737 MAX jetliner Thursday, 29 Oct 2015 | 12:09 PM ET

    SEATTLE, Oct 29- Boeing Co has received the first two LEAP aircraft engines for its 737 MAX jetliner from CFM International, the companies said on Thursday, a further step toward the new plane's scheduled first flight in 2016.. CFM said the LEAP-1B, one of three versions of the engine, is expected to improve fuel efficiency by 15 percent. CFM is a 50-50 joint venture of...

  • Oct 29- Canadian plane and train maker Bombardier Inc reported a huge quarterly loss on Thursday tied to impairment charges, and it outlined a plan that will see the Quebec government invest $1 billion in its long-delayed CSeries jet program. The company confirmed a Reuters report from Wednesday that it plans to form a joint venture with the government of...

  • BEIJING, Oct 29- China's foreign exchange trading operator and Germany's Deutsche Boerse signed an agreement to establish a joint venture in Germany, with each side holding a 50 percent stake, the China Foreign Exchange Trade System said on Thursday.

  • WASHINGTON/ MONTREAL, Oct 28- Canada's Bombardier is set to book a writedown on its CSeries program and announce that the government of Quebec will be investing in the narrowbody jet program, according to several sources familiar with the matter. Bombardier will form a joint venture with the Quebec government on the CSeries jet program, said the sources, who...

  • EXCLUSIVE-BOMBARDIER SET TO ANNOUNCE THE GOVERNMENT OF QUEBEC TO INVEST IN THE CSERIES, FORM JOINT-VENTURE-SOURCES.

  • Oct 16- Japanese beverage conglomerate Suntory Holdings could unwind its loss-making joint venture with China's Tsingtao Brewery Co Ltd as sales have stalled amid stiff competition in the Chinese market, people familiar with the matter said on Friday. Scrapping the joint venture would highlight the difficulties Japanese brewers face in expanding in the...

  • Oct 15- Struggling chipmaker Advanced Micro Devices Inc said on Thursday it would form a joint venture with China's Nantong Fujitsu Microelectronics Co Ltd for assembly and testing operations. NFME will purchase an 85 percent share of AMD's Penang, Malaysia and Suzhou, China facilities, and AMD will receive about $371 million as part of the deal.

  • *Charles Kau, chairman of Inotera Memories, joins Tsinghua. BEIJING/ TAIPEI, Oct 13- Chinese state-backed technology conglomerate Tsinghua Unigroup has hired Charles Kau, the chief of Micron Technology Inc's Taiwanese joint venture, as its global executive vice president, a person familiar with the matter said. Kau is the chairman of Inotera Memories Inc, a joint...

  • Cisco joins flurry of US-China tech partnerships Thursday, 24 Sep 2015 | 7:03 AM ET
    A pedestrian walks past Cisco Systems signage at the company's headquarters in San Jose, Calif.

    Cisco Systems said it would form a joint-venture with Chinese server maker Inspur to sell networking and cloud computing products in China.