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Small Business Partnership

  • *Seeks injunction in California court, expects ruling by mid-July. TOKYO, June 15- Western Digital Corp has sought a court injunction to prevent Toshiba Corp from selling its chip business without the U.S. firm's consent- a move that threatens to throw the fiercely contested auction into disarray. According to a person familiar with the matter, the California-...

  • *TUI says remains open to partnerships, joint ventures. *Etihad says Air Berlin leisure to remain independent. FRANKFURT/ ABU DHABI, June 8- Abu Dhabi- based Etihad Airways said on Thursday it had pulled out of talks with Europe's largest tour operator TUI Group to create a joint venture holiday airline.

  • *TUI says remains open to partnerships, joint ventures. FRANKFURT, June 8- Abu Dhabi- based Etihad Airways said on Thursday it had pulled out of talks with TUI Group, Europe's largest tour operator, aimed at creating a new joint venture holiday airline. After all, the aviation sector is characterized by overcapacity in Germany, "TUI's executive board member...

  • Bankruptcy Judge Kathy Surratt-States of St. Louis to reject a request by an official committee of creditors to hire an expert to review pre-bankruptcy transactions. Creditors have said in court filings that San Francisco private equity funds Golden Gate Capital and Blum Capital, which together hold 98.5 percent of the company and control its board,...

  • NEW DELHI, May 24- India approved on Wednesday a long-awaited policy to boost local defence manufacturing by effectively picking industry champions that would tie up with foreign players and make high-tech defence equipment. Prime Minister Narendra Modi has vowed to end India's role as the world's largest arms importer by getting foreign firms to impart...

  • NEW DELHI, May 24- India approved on Wednesday a long-awaited policy to boost local defense manufacturing by effectively picking industry champions that would tie up with foreign players and make high-tech defense equipment. Prime Minister Narendra Modi has vowed to end India's role as the world's largest arms importer by getting foreign firms to impart...

  • NEW DELHI, May 24- ArcelorMittal, the world's largest steel producer, said on Wednesday it has agreed to make concessions to Steel Authority of India to seal a delayed $897 million automotive joint venture. The proposed joint venture is also crucial for ArcelorMittal as India is the only big steel market where demand is rising fast and government policy is...

  • JEDDAH, Saudi Arabia, May 18- Saudi Aramco is due to sign deals with 12 U.S. companies on Saturday during U.S. President Donald Trump's visit to Saudi Arabia, sources with knowledge of the matter said. Halliburton's incoming chief executive, Jeff Miller, declined to comment on any potential deal with Saudi Aramco.

  • JEDDAH, Saudi Arabia, May 18- Saudi Aramco is due to sign deals with 12 U.S. companies on Saturday during U.S. President Donald Trump's visit to Saudi Arabia, sources with knowledge of the matter said. Last December, Aramco signed deals with drilling firms Rowan and Nabors Industries to establish joint ventures under the IKTVA programme.

  • *2016 net loss 782 mln euros vs 2015 loss 447 mln. BERLIN, April 28- Air Berlin reported a record net loss of 782 million euros in 2016 as well as a widening loss in the first quarter of 2017, and said it was seeking new partners as it battles to revive its fortunes. Air Berlin, 29 percent owned by Abu Dhabi- based Etihad, is already undergoing a restructuring that will see...

  • MEXICO CITY, April 27- The board of Mexico's state-owned oil company Pemex on Thursday approved its second-ever deep water joint venture covering the Nobilis-Maximino block in the country's territorial Gulf waters. The potentially-lucrative project lies just south of Mexico's maritime border with the United States in the Perdido Fold Belt, where dozens...

  • The company raised its full-year profit forecast to $1.28- $1.33 per share from $1.26- $1.31, and said its board authorized a $5 billion share buyback program. Revenue rose 17 percent to $2.98 billion, beating analysts' average estimate of $2.94 billion. Chief Financial Officer John Rainey said the company was planning some staff cuts and other restructuring...

  • The company raised its full-year profit forecast to $1.28- $1.33 per share from $1.26- $1.31, and said its board authorized a $5 billion share buyback program. Revenue rose 17 percent to $2.98 billion, beating analysts' average estimate of $2.94 billion. Chief Financial Officer John Rainey said the company was planning some staff cuts and other restructuring...

  • *Q1 operating loss 12.3 bln SEK vs forecast 12 bln. LONDON/ STOCKHOLM, April 25- Mobile telecom equipment maker Ericsson faces a long and painful overhaul after shrinking markets, tough competition and restructuring costs pushed it to a quarterly operating loss on Tuesday. The Swedish company, which is seeking to reposition the business for growth under new...

  • BERLIN, April 19- The air freight divisions of Lufthansa and United said they have agreed a joint venture on routes between Europe and the United States to help their respective networks. Lufthansa Cargo and United Cargo said that together they will have more than 600 direct connections per week between Europe and the United States. Lufthansa and United are...

  • VANCOUVER, March 28- More partnership deals are likely in the gold industry as miners start investing in new projects again but are keen to lower the risk, analysts said after Goldcorp Inc and Barrick Gold Corp's announced a 50-50 joint venture in Chile. As part of a complex series of transactions costing Goldcorp about $445 million up front, the Vancouver- based...

  • VANCOUVER, March 28- Goldcorp Inc will team up with larger peer Barrick Gold Corp to work on developing gold mines in northern Chile, it said on Tuesday, as the industry starts to invest in new projects again. As part of a complex series of transactions costing Goldcorp about $445 million upfront, the Vancouver- based company has agreed to buy fellow Canadian miner...

  • The tie-up announced by the companies on Monday highlights the increasingly competitive nature of the sector, with Lufthansa battling Gulf carriers on routes to Asia and Cathay counting the cost of the advance of Chinese rivals that contributed to its first full-year loss since 2008.. Under the Cathay Pacific deal, Lufthansa and its Swiss and Austrian...

  • *Tens of billions of dollars of deals signed in China, Japan. RIYADH/ DUBAI, March 22- A tour of Asia by Saudi Arabia's King Salman this month has advanced the kingdom's drive to attract foreign investment and diversify its economy beyond oil exports, but the strategy comes with an expensive price tag. A string of deals in Japan included an undertaking by Toyota Motor...

  • The plan is being spearheaded by Marc Lore, Wal-Mart's e-commerce chief, who joined the Bentonville, Arkansas- based company from retail upstart Jet.com, which it acquired for more than $3 billion in August. The venture, called Store No. 8, will work with startups that specialize in areas that include robotics, virtual and augmented reality, machine learning and...