Business Strategy Strategic Alliances

  • The announcement that KKR-controlled Acceleratio Capital NV would offer 43.50 euros per share in cash for all outstanding GfK shares sent shares in the German company surging 30 percent. GfK Verein, GfK's majority shareholder with 56.46 percent, will keep its stake and has signed a shareholder agreement with Acceleratio Capital, outlining how they will...

  • NEW YORK, Dec 6- The chief executive of Philadelphia Energy Solutions, Phil Rinaldi, told employees in a memo on Tuesday that he plans to retire in March, raising questions about the future of the region's largest and oldest refinery. Rinaldi, 70, has been CEO of the privately held company since 2010, when The Carlyle Group and Sunoco formed a joint venture to buy...

  • NEW YORK, Dec 6- Philadelphia Energy Solutions Chief Executive Officer Phil Rinaldi plans to retire effective March 2017, according to a memo sent to employees on Tuesday and obtained by Reuters. Rinaldi has helmed the privately-held company since 2010, when The Carlyle Group and Sunoco formed a joint venture to buy the largest East Coast refinery, which was on...

  • MEXICO CITY, Dec 5- BHP Billiton on Monday won a historic bid to partner with Mexican state oil company Pemex in a joint venture to develop a potentially lucrative deep water field in the country's untapped Gulf waters. The local unit of BHP Billiton secured the rights to tie-up with Pemex on its Trion light oil field, less than 50 miles from the U.S.- Mexico...

  • MEXICO CITY, Dec 5- Australia's BHP Billiton on Monday won the contest to partner with Mexican state oil company Pemex in a joint venture to develop a deep water field in the country's untapped Gulf waters. A local unit of BHP Billiton won the rights to tie-up with Pemex on its light oil Trion field, less than 50 miles from the U.S.- Mexico maritime border.

  • ABUJA, Dec 3- Nigeria and Morocco have signed a joint venture to construct a gas pipeline that will connect the two nations as well as some other African countries to Europe, Nigeria's minister of foreign affairs said on Saturday. The agreement was reached during a visit by the Morocco's King Mohammed to the Nigerian capital Abuja, Geoffrey Onyema, the minister,...

  • MONACO, Dec 2- German sportswear giant Adidas has ended its sponsorship agreement with the International Association of Athletics Federations three years early, the company said on Friday. "Adidas and the IAAF have agreed to terminate their existing partnership agreement in mutual agreement at the end of 2016," Adidas said in a statement.

  • MONACO, Dec 2- German sportswear giant Adidas has ended its sponsorship agreement with the International Association of Athletics Federations three years early, the company said on Friday. "Adidas and the IAAF have agreed to terminate their existing partnership agreement in mutual agreement at the end of 2016," Adidas said in a statement.

  • MONACO, Dec 2- German sportswear giant Adidas has ended its sponsorship agreement with the International Association of Athletics Federations three years early, the company said on Friday. "Adidas and the IAAF have agreed to terminate their existing partnership agreement in mutual agreement at the end of 2016," Adidas said in a statement.

  • MONACO, Dec 2- German sportswear giant Adidas has ended its sponsorship agreement with the International Association of Athletics Federations three years early, the company said on Friday. "Adidas and the IAAF have agreed to terminate their existing partnership agreement in mutual agreement at the end of 2016," Adidas said in a statement.

  • MONACO, Dec 2- German sportswear giant Adidas has ended its sponsorship agreement with the International Association of Athletics Federations three years early, the company said on Friday. "Adidas and the IAAF have agreed to terminate their existing partnership agreement in mutual agreement at the end of 2016," Adidas said in a statement.

  • MONACO, Dec 2- German sportswear giant Adidas has ended its sponsorship agreement with the International Association of Athletics Federations three years early, the company said on Friday. "Adidas and the IAAF have agreed to terminate their existing partnership agreement in mutual agreement at the end of 2016," Adidas said in a statement.

  • MONACO, Dec 2- German sportswear giant Adidas has ended its sponsorship agreement with the International Association of Athletics Federations three years early, the company said on Friday. "Adidas and the IAAF have agreed to terminate their existing partnership agreement in mutual agreement at the end of 2016," Adidas said in a statement.

  • MONACO, Dec 2- German sportswear giant Adidas has ended its sponsorship agreement with the International Association of Athletics Federations three years early, the company said on Friday. "Adidas and the IAAF have agreed to terminate their existing partnership agreement in mutual agreement at the end of 2016," Adidas said in a statement.

  • *First joint cut between OPEC and Russia since 2001. MOSCOW, Dec 2- Russia plans to use its November oil production, which was its highest in almost 30 years, as its baseline when it cuts output under this week's deal with OPEC, Deputy Energy Minister Kirill Molodtsov said on Friday. Under this week's follow-up agreement, the first between OPEC and Russia since 2001,...

  • *First joint cut between OPEC and Russia since 2001. MOSCOW, Dec 2- Russia plans to use its post-Soviet era record high November oil production as its baseline when it cuts output under this week's deal with OPEC, Deputy Energy Minister Kirill Molodtsov said on Friday. Under this week's follow-up agreement, the first between OPEC and Russia since 2001, specific...

  • FRANKFURT, Dec 1- Normally the place to buy or sell shares in Germany's top companies, Deutsche Boerse is launching a new exchange for people to trade virtual goods from video games, tapping into a multi-billion U.S. dollar market. The stock exchange operator, in the process of merging with the London Stock Exchange, has formed a joint venture, dubbed Switex, with...

  • CAPE CANAVERAL, Fla., Dec 1- Tech billionaire Elon Musk's SpaceX hopes to return its Falcon 9 rocket to flight on Dec. 16, said Iridium Communications Inc, which plans to have 10 of its satellites on board for launching. The launch is contingent on approval by the Federal Aviation Administration, which oversees U.S. commercial space transportation, Iridium said on...

  • DOHA, Nov 29- Qatar Navigation's purchase of Qatar Petroleum's stake in oilfield services firm Al Shaheen Holding has been delayed, the chairman of the shipping firm known as Milaha told Reuters on Tuesday. Al Shaheen has three joint ventures in oilfield services, two of which are with GE Oil and Gas. Milaha said in June it had reached a preliminary agreement with...

  • NEW YORK, Nov 28- AT&T Inc, the largest U.S. DirecTV Now will debut on Wednesday at prices ranging from $35 a month for over 60 channels to $70 for over 120 channels, AT&T said. For a limited time, more than 100 channels will be available for $35, the company said.