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Strategic Alliances

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  • AIRSHOW-ATR says wins $2 bln of deals at air show Monday, 15 Jun 2015 | 4:21 AM ET

    PARIS, June 15- Regional planemaker ATR, an Airbus and Finmeccanica joint venture, said on Monday it had won 46 firm orders and 35 options at the Paris air show, in deals worth a total of $1.98 billion. Japan Air Commuter, part of Japan Airlines, signed a firm order for eight ATR42-600s, plus one option and 14 purchase rights, valued at $496 million, the companies said.

  • PARIS, June 14- Lockheed Martin Corp issued a warning on Sunday over prospects for its rocket launch joint venture with Boeing Co, saying it urgently needed the United States to waive a law banning the use of Russian engines to launch military and spy satellites. The U.S. Air Force last month certified privately held Space Exploration Technologies, or SpaceX, to...

  • PARIS, June 14- Lockheed Martin Corp issued a warning on Sunday over the viability of its rocket launch joint venture with Boeing Co, saying the venture urgently needed the United States to waive a law banning the use of Russian engines to launch military and spy satellites. Rick Ambrose, who heads Lockheed's space business, told Reuters in an interview that...

  • June 11- Oil and natural gas producer Hess Corp said it would sell half of its Bakken midstream assets to private equity firm Global Infrastructure Partners for $2.68 billion to form a master limited partnership. Hess, which will retain control of the midstream assets' operations, expects the MLP's net income of $145 million to $155 million for the year ending...

  • June 11- Oil and natural gas producer Hess Corp said it will sell half of its Bakken midstream assets to Global Infrastructure Partners for $2.68 billion. The joint venture, valued at $5.35 billion, plans to file for an initial public offering, upon closing of the transaction, Hess said on Thursday. Hess said in July it plans to form a publicly traded master limited...

  • SIDI RACHED, Algeria, June 8- At Ahmed Bekhi's cereal farm outside Algiers, there are clear signs of Algeria's campaign to increase food production to help curb billions of dollars in imports and offset a sharp fall in world oil prices. OPEC member Algeria is still highly dependent on energy revenues that supply 95 percent of its exports and 60 percent of the state...

  • June 8- Sears Holdings Corp reported a smaller first-quarter loss as its Kmart chain and Sears department stores discounted less and said it plans to raise $2.6 billion from the spinoff of 235 stores into a real estate investment trust. This, along with the three joint venture deals Sears signed in April with mall operators to sell and lease back other stores,...

  • Those investments, slated to last 12 to 18 months, will pave the way for later service contracts for the launch of key military and spy satellites, the Air Force said. The Air Force is scrambling to meet a congressional deadline for ending use of Russian-built RD-180 engines to U.S. launch military or intelligence satellites by 2019, a ban implemented after...

  • Hudson's Bay Co, the parent of Lord and Taylor and Saks Inc, said in February it would form two real estate joint ventures, paving the way for it to sell some of its property assets. Shares of Hudson's Bay have risen almost 50 percent over the last 12 months. Sears Holdings Corp also said in April it plans to spin off 254 stores into a real estate investment trust next...

  • June 2- AstraZeneca Plc would consider buying a company such as Juno Therapeutics Inc, Bloomberg reported AstraZeneca's CEO as saying, according to StreetInsider. AstraZeneca and Juno already have a collaboration agreement to test one of AstraZeneca's cancer drugs in combination with Juno's CAR-T cell therapy, which is considered to be a breakthrough in...

  • HONG KONG, May 28- China this week pushed ahead efforts to link its domestic markets with global peers by launching a joint venture in Germany to provide a wide range of yuan-denominated products to European investors. Deutsche Boerse agreed to set up a venture with the Shanghai Stock Exchange and China Financial Future Exchange to develop Chinese shares and...

  • WASHINGTON, May 26- The U.S. Air Force on Tuesday said it has certified privately held SpaceX to launch U.S. military and spy satellites, ending a monopoly held by United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co, since its creation in 2006.. The decision follows two years of discussions and reviews by the U.S. Air Force and Space...

  • FRANKFURT, May 23- Carmaker Daimler on Saturday announced a partnership with mobile technologies company Qualcomm Inc. to explore wireless recharging of mobile phones in cars as well as recharging of electric cars without cables. The move forms part of a broader push by Daimler, parent company of Mercedes-Benz, as well as rival German carmakers BMW and Audi to...

  • WASHINGTON, May 21- United Launch Alliance, a 50-50 joint venture of Lockheed Martin Corp and Boeing Co, on Thursday said it would go out of business unless it won commercial and civil satellite launch orders to offset an expected slump in U.S. military and spy launches. It will face competition for the first time when the Air Force expects to certify a rival,...

  • SAO PAULO, May 19- Whirlpool Corp and Anheuser-Busch InBev on Tuesday started selling a countertop appliance that makes soda, juice and coffee with single-serve capsules, marking the start of a joint venture worth more than $70 million. Last year, the Coca-Cola Co invested an initial $1.25 billion in Keurig Green Mountain Inc as part of a plan to sell its soft...

  • WASHINGTON, May 15- The U.S. Air Force on Friday said it is assessing what data rights it has to the Atlas 5 rocket built by United Launch Alliance after some companies expressed interest in swapping the rocket's Russian-built engine with a homegrown one. Assistant Air Force Secretary William LaPlante welcomed the initiative and said the government could also...

  • WASHINGTON, May 15- United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co, on Friday said it was cutting its executive ranks by 30 percent in December through what it called voluntary departures by 12 executives. ULA, formed by the two largest U.S. weapons makers in 2006, has long been the sole company able to launch U.S. military and...

  • WASHINGTON, May 15- United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co, on Friday said 12 executives would leave the company in December under a voluntary layoff, a 30- percent reduction in executive ranks. Tory Bruno, chief executive of the venture, told Reuters in an emailed statement the layoffs were part of ULA's ongoing efforts to...

  • CHICAGO, May 14- Genome pioneer J. Craig Venter's company has signed a broad collaboration agreement with the Cleveland Clinic to sequence and analyze de-identified blood samples from the health system's patients, the two parties said on Thursday. The deal is the latest in a string for Venter's La Jolla, California- based Human Longevity Inc, a start-up formed in...

  • HAVANA/ PARIS, May 12- French oil company Total on Tuesday denied it had signed an offshore exploration deal with Cuba during President Francois Hollande's visit there. "Total categorically denies it has signed an offshore exploration agreement with Cuba," a spokesman said. A source with knowledge of the matter said Total's marketing and services branch, which...