Business Strategy Strategic Alliances

More

  • Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Texas to reduce debt and costs. Hedge fund Starboard Value LP urged Macy's Inc last month to enter into joint ventures for its stores, including its flagship Herald Square store in New York, to realize greater value from its real estate assets. CBRE Group Inc's Capital...

  • BRUSSELS, Feb 5- ArcelorMittal, the world's largest steelmaker, launched plans on Friday for a $3 billion share issue to help reduce debt and cut costs, having been hit by a plunge in steel prices which it blamed on a surge in cheap exports from China. The company, twice the size of its nearest rival, reported that its core profit dropped by 32 percent last year to $5.2...

  • BRUSSELS, Feb 5- ArcelorMittal, the world's largest steelmaker, launched plans on Friday to raise $3 billion from a share issue to reduce debt, as it continues to suffer from the Chinese industry's overcapacity which it says has driven down world prices. Chief Executive Lakshmi Mittal said that 2015 had been a very difficult year for the steel and mining...

  • *4th- qtr U.S. Dunkin' Donuts comp sales fall 0.8 pct. *Sees 2016 U.S. Dunkin' Donuts comp sales growth of up to 2 pct. Feb 4- Dunkin' Brands Group Inc reported a surprise drop in quarterly sales at established U.S. Dunkin' Donuts restaurants as the launch of all-day breakfast by McDonald's Corp and value-meal offers by rivals lured customers away.

  • DETROIT, Feb 3- General Motors Co rode sales of SUVs and pickup trucks in North America to a record profit in 2015, and reaffirmed its forecast to do better this year despite signs that vehicle sales are hitting a peak. Wall Street expected $1.21 per share, according to analysts polled by Thomson Reuters I/B/E/S. GM affirmed an earlier forecast that it will...

  • *Expects multiple deals in multiple territories. LONDON, Feb 2- British online grocer Ocado is confident it will sign multiple overseas technology deals despite missing out on its target of securing a first one in 2015, the firm said on Tuesday. "We are in talks with... a lot of retailers both in North America and in western Europe but also globally across Asia,...

  • Ocado says expects multiple deals in medium term Tuesday, 2 Feb 2016 | 2:19 AM ET

    LONDON, Feb 2- British online grocer Ocado on Tuesday met forecasts with a 13.8 percent rise in full-year core earnings and said it expected to sign multiple overseas deals in the medium term. Analysts see securing international deals in north America and western Europe as the key driver of Ocado's stock market valuation and the company said back in February...

  • UPDATE 1-GM forms team for self-driving, electric cars Thursday, 28 Jan 2016 | 6:13 PM ET

    DETROIT, Jan 28- General Motors Co said on Thursday it was creating a team to speed up development of self-driving and electric cars, as it moves to expand its line-up of such vehicles. Doug Parks, GM's vice president for global product programs, was named vice president for autonomous technology and vehicle execution, as of Feb. 1. Parks will oversee efforts to...

  • TORONTO, Jan 28- The Canadian arm of mining giant BHP Billiton has signed a letter of intent to help fund exploration at Aston Bay Holdings Ltd's Storm copper project, Aston Bay said on Thursday. Under terms of the preliminary deal, BHP could earn a 75 percent interest in Storm, located in Canada's far north territory of Nunavut, if it spends a minimum of C $40 million...

  • *Analysts see Toyota making play to grow market share in India. Full control of Daihatsu could help Toyota leverage the lower-cost brand better and cut procurement costs for Daihatsu, while capital ties with Suzuki would help the world's largest automaker make inroads into India where Suzuki commands around half the passenger car market.

  • *Toyota, Suzuki discussing tie-up from many angles- Nikkei. TOKYO, Jan 27- Japan's Toyota Motor Corp and Suzuki Motor Corp on Wednesday denied a newspaper report they were discussing a potential partnership that could include a capital tie-up. The Nikkei business daily said in a front-page report on Wednesday that Suzuki, Japan's fourth-largest automaker, and...

  • Suzuki Motor denies report on Toyota tie-up talks Tuesday, 26 Jan 2016 | 7:26 PM ET

    TOKYO, Jan 27- Suzuki Motor Corp said on Wednesday it was not discussing a tie-up with Toyota Motor Corp, denying a Nikkei business daily report that the Japanese automakers were exploring a partnership that may include a cross-shareholding. "It is not true that we have entered negotiations over a tie-up with Toyota," Japan's fourth-largest automaker said in a...

  • LONDON, Jan 26- Norwegian-born billionaire John Fredriksen has teamed up with investment bank Arctic Securities to form a ship broking company aimed at taking on bigger rivals and betting on a recovery in the global shipping market. Fredriksen, via his family's investment company Geveran Trading Co, and Oslo-headquartered Arctic Securities said on Monday...

  • *Bank looking at presence in Germany, Spain, Turkey and China. It is exploring the possibility of establishing a presence in countries including Germany, Spain, Turkey and China, which could be in the form of wholly owned branches, joint ventures with local partners or outright acquisitions, he said in a telephone interview. The lender outlined its plans after a...

  • *President Rouhani visiting Italy and France this week. ROME/ PARIS, Jan 25- Iranian President Hassan Rouhani flew to Italy on Monday at the start of his first official visit to Europe, looking to sign multi-billion dollar contracts to help to modernise Iran's economy after years of crippling financial sanctions. Heading a 120- strong delegation of Iranian...

  • NEW DELHI, Jan 25- India signed an inter-governmental pact on Monday to buy 36 French-built Rafale fighter planes, but the leaders of both countries said there was still work to do to finalize financial terms after months of talks. The deal, worth an estimated $9 billion, was to have been the centerpiece of a visit to India by French President Francois Hollande,...

  • NEW DELHI, Jan 25- India signed an inter-governmental agreement on Monday to buy 36 French-built Rafale fighter planes, but the leaders of both countries said there was still work to do to finalise financial terms after months of talks. The deal, worth an estimated $9 billion, was to have been the centrepiece of a visit to India by French President Francois...

  • SEOUL, Jan 21- South Korea will boost economic cooperation with Iran, it said on Thursday, after sanctions on Iran were lifted earlier this week. The Ministry of Trade, Industry and Energy said in a statement it will sign a $2 billion contract for trade insurance financing with Iran, while it will also restore Iran's eligibility to be a recipient country for its...

  • 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...

  • DAVOS/ LONDON, Jan 20- The Gavi global alliance for vaccines and immunisation group signed a $5 million advance purchase commitment on Wednesday to buy a vaccine being developed by Merck to protect against future outbreaks of the deadly Ebola virus. Gavi said the agreement would help the U.S. drugmaker take the experimental Ebola vaccine through late-stage...