Business Strategy Joint Ventures

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  • 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,...

  • 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

    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...

  • 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.

  • vodafone-Booster-Brolly-200.jpg

    Major Vodafone investors said $100 billion was not enough for the British company's stake in its U.S. joint venture with Verizon Communications.