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Business Strategy Strategic Alliances

  • LOS ANGELES— A SpaceX rocket carried 10 communications satellites into orbit from California on Sunday, two days after the company successfully launched a satellite from Florida. The Falcon 9 rocket blasted off through low-lying fog at 1:25 p.m. PDT from Vandenberg Air Force Base northwest of Los Angeles. A SpaceX Falcon 9 on Friday launched from Cape...

  • TOKYO— Money-losing Japanese electronics and nuclear company Toshiba Corp. has until Aug. 10 to get auditors to sign off on its earnings statements, or else it faces the risk of getting delisted. Toshiba's board of directors chose the bid for Toshiba Memory Corp., totaling about 2 trillion yen, from the consortium of Innovation Network Corp. of Japan, Bain...

  • ESTORIL, Portugal, June 20- Norwegian utility Statkraft has found a way to produce biofuel from wood chippings and other solid organic waste, which it says replicates in minutes a process that made crude oil underground over millions of years. Statkraft and Swedish forestry group Sodra have formed a joint venture called Silva Green Fuel, which will make an...

  • June 19- Tesla Inc is close to an agreement to produce its electric cars in China for the first time and gain better access to the world's largest auto market, Bloomberg reported, citing people familiar with the matter. The electric carmaker, whose revenue from China tripled to more than $1 billion last year, would need to set up a joint venture with at least one local...

  • The agreement will start in January 2019 and will be for the supply of LNG from Qatar Liquefied Gas Company Limited, a joint venture between Qatar Petroleum which holds 70 percent and Shell with the remaining 30 percent. The LNG will be delivered to either the Dragon LNG Terminal in Britain or the Gate LNG Terminal in the Netherlands, Qatargas said in a statement,...

  • NEW YORK, June 16- U.S. technology company The Bitfury Group said on Friday it had formed a strategic partnership with advisory firm Risk Cooperative to use the blockchain digital ledger in the $60 billion insurance broking market. "Blockchain technology can bring transparency and security to the insurance industry, and can be a catalyst for new insurance...

  • NEW DELHI, June 15- BP and Reliance Industries said on Thursday they would invest $6 billion to boost India's gas output from an east coast block and expanded their tie-up to feed the South Asian nation's rising fuel and renewable energy demand. India is replacing China as the driver of fuel demand growth globally. The International Energy Agency expects India...

  • *Businesses under scrutiny include Spain, India. LONDON, June 15- British insurer Aviva plans to launch a new product to cover small and medium-sized businesses against cyber attacks later this year as part of an expansion of its specialist insurance division, its chief executive for UK insurance said. Aviva, which made 3 billion pounds of operating profit in...

  • *State-backed fund in talks to team up with Bain Capital- sources. TOKYO, June 9- Toshiba Corp said on Friday it wasn't convinced by an effort by Western Digital Corp CEO Steve Milligan to win the Japanese conglomerate's backing for the U.S. tech firm's bid for Toshiba's highly prized chip unit. The Japan- backed consortium is competing with U.S. chipmaker Broadcom...

  • *Bain in talks with Japan state fund- sources. TOKYO, June 9- Bain Capital and a Japanese state-backed fund are in talks about teaming up to bid for Toshiba Corp's prized chip unit, sources familiar with the matter said. The current consortium led by the Japan Innovation Network Corp fund is one of two frontrunners in the race for the world's second biggest producer...

  • TOKYO, June 9- Bain Capital and a Japanese state-backed fund are in talks about teaming up to bid for Toshiba Corp's prized chip unit, sources familiar with the matter said. The U.S. private equity firm would replace rival KKR& Co LP as the main partner of the state-backed fund and would be a minority investor in the consortium under the plan being discussed, one of the...

  • FRANKFURT, June 9- European broadcasters TF1, ProSiebenSat.1 and Mediaset plan to set up a joint trading platform for digital video advertising to appeal to media agencies planning continent-wide campaigns. The joint venture, named European Broadcaster Exchange, will be based in London, Germany's ProSieben said in a statement on Friday, without disclosing...

  • *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...

  • TOKYO, June 8- Tokyo Electric Power Company Holdings and Chubu Electric Power Co said on Thursday they aim to cut costs by more than 100 billion yen a year within five years after combining their fossil fuel power plants under their JERA Co joint venture. The two companies, which had agreed on the integration in March, signed a contract for this on Thursday.

  • CAPE CANAVERAL, Fla., June 6- Elon Musk's Space Exploration Technologies Corp will fly its first mission for the U.S. Air Force in August when it launches the military's X-37B miniature spaceplane, Air Force Secretary Heather Wilson said on Tuesday. "SpaceX will be sending the next Air Force payload up into space in August," Wilson said during webcast testimony...

  • CAPE CANAVERAL, Fla., June 6- Elon Musks Space Exploration Technologies Corp will fly its first mission for the U.S. Air Force in August when it launches the militarys X-37B miniature spaceplane, Air Force Secretary Heather Wilson said on Tuesday. "SpaceX will be sending the next Air Force payload up into space in August," Wilson said during webcast testimony before...

  • TOKYO, June 6- Japan's Fujitsu Ltd expects to reach an agreement "soon" on integrating its personal computer business with China's Lenovo Group Ltd, Fujitsu President Tatsuya Tanaka said Tuesday. Fujitsu said in October that it was in talks with Lenovo to cooperate in the design and manufacture of PCs. "Details of any potential cooperation remain under...

  • TOKYO, June 3- Toyota Motor Corp said on Saturday it had sold all shares in Tesla Inc by the end of 2016, having canceled its tie-up with the U.S. luxury automaker to jointly develop electric vehicles. Japan's biggest automaker had bought around a 3 percent stake in the Palo Alto-based automaker for $50 million. Toyota spokesman Ryo Sakai said the company had sold...

  • *Global dismay at Trump's pullout of U.S. from Paris accord. BERLIN/ BRUSSELS, June 2- China and Europe pledged on Friday to unite to save what German Chancellor Angela Merkel called "our Mother Earth", standing firmly against President Donald Trump's decision to take the United States out of the Paris climate change pact. Other countries, including India, signalled...