Business Strategy Joint Ventures

  • PARIS, Sept 12- French drugmaker Sanofi and Google owner Alphabet's life sciences firm Verily are to invest about $500 million in a diabetes joint venture combining devices with services, an example of growing ties between the pharma and tech sectors. She said Sanofi had invested $248 million in the joint venture, in which the French group controls a 50 percent...

  • PARIS, Sept 12- French drugmaker Sanofi and Google owner Alphabet's U.S-based life sciences company Verily, announced on Monday the launch of a joint-venture aimed at offering patients suffering from diabetes products that will combine devices and services. No financial details were disclosed but the spokeswoman said Sanofi had invested $248 million in...

  • BEIJING, Sept 7- Volkswagen AG signed a preliminary deal with China's Anhui Jianghuai Automobile to explore making electric vehicles in a new joint venture, the two automakers said on Wednesday. China surpassed the United States last year to become the largest maker of pure electric cars thanks to a raft of government incentives to promote the switch from...

  • NEW YORK, Aug 16- A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mining rights. Och-Ziff that same month formed a joint venture in Africa with Palladino Holdings Ltd, an investment vehicle incorporated in the Turks and Caicos...

  • NEW YORK, Aug 16- A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mining rights. Och-Ziff that same month formed a joint venture in Africa with Palladino Holdings Ltd, an investment vehicle incorporated in the Turks and Caicos...

  • LATAM said the agreement conformed to anti-monopoly rules and would benefit consumers, expanding its network to more than 420 destinations in the United States, Canada and Europe. "This type of agreement has already been approved by diverse free competition authorities throughout the world, including the United States and Europe, who have recognized its...

  • *SECCO is BP's single largest investment in China. FRANKFURT/ HONG KONG, Aug 9- British oil major BP is seeking buyers for its 50 percent stake in Chinese petrochemicals joint venture SECCO, its largest investment in China, in a deal sources said could fetch $2- $3 billion. A successful deal would mark BP's first significant exit from a business in China.

  • HONG KONG, Aug 9- State-owned China Petroleum& Chemical Corp is currently discussing the conditions put forward by British oil and gas major BP plc for its planned exit from their SECCO petrochemicals joint venture, a Sinopec spokesman told Reuters on Tuesday. Reuters earlier reported that BP has hired an investment bank to find buyers for its 50 percent stake...

  • FRANKFURT/ HONG KONG, Aug 9- British oil major BP is seeking buyers for its 50 percent stake in a Chinese petrochemicals joint venture, its single largest investment in China, in a deal that would fetch $2- $3 billion, people familiar with the matter told Reuters. A successful deal would mark BP's first significant exit from a business in China. Situated in Caojing...

  • LONDON, Aug 1- French utility EDF and its Chinese partner China General Nuclear Corporation agreed last year to make a series of investments in nuclear power generation in Britain. Britain and EDF first reached a broad commercial agreement on the project at Hinkley Point in southwest England in 2013. The government announced China's involvement last year...

  • SAO PAULO, July 26- Teva Pharmaceutical Industries Ltd and Mylan NV have shown preliminary interest in a Brazilian generic drugmaking joint-venture in which Pfizer Inc has a 40 percent stake, two people familiar with the process said. Brazil's Melo family owns the remaining 60 percent of Teuto 5/ 8 Pfizer, Latin America's largest pharmaceutical plant.

  • 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.

  • 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 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.

  • A giant sign for OAO Gazprom stands above a building in Moscow, Russia

    Few countries have invested more heavily in Russia than Germany after the Cold War ended. But now the rush is going in reverse. The NYT reports.

  • Solid Venture's quest to fight DMD

    Ilan Ganot, Solid Ventures, discusses the company's ongoing efforts to develop treatments for Duchenne muscular dystrophy through gene therapy.

  • American Express cards are arranged for a photograph in New York.

    American Express said four financial investors have committed a total of $900 million to a business travel joint venture.

  • Biogen Idec and Isis form strategic alliance

    Stanley Crooke, Isis Pharmaceuticals chairman & CEO, discusses his company's strategic new partnership in the treatment of neurological disorders using antisense therapy.

  • Nikkei Business Report

    Tokyo stocks fell today as overnight remarks by Fed's Bernanke that quantitative easing may slow down later this year triggered selling. However, GS Yuasa shares shot up by nearly 6% following news that it will team up with Bosch and Mitsubishi Corporation in developing and selling lithium-ion batteries for electric cars.

  • Nikkei Business Report

    Mitsui, Mitsubishi and Nippon Yusen reached a joint venture agreement with the U.S. firm Sempra Energy. The project, estimated to cost $10 billion, plans to produce 12 million tons of liquefied natural gas a year by 2017, or equivalent to 10% of annual Japanese demand. The Nikkei's Sachiko Kishida reports.