Business Strategy Strategic Alliances

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  • 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...

  • Randgold signs three new joint ventures in Congo Tuesday, 19 Jan 2016 | 2:28 PM ET

    KINSHASA, Jan 19- Randgold Resources has signed three joint venture agreements with junior miners to explore potential gold deposits in northeastern Democratic Republic of Congo, its chief executive Mark Bristow said on Tuesday. The new joint ventures with the Toronto- listed Kilo, Deveron Resources and Loncor Resources more than double the size of...

  • *Iran orders oil production increase of 500,000 bpd. DUBAI, Jan 18- Iran ordered a steep increase in oil output on Monday to take immediate advantage of the lifting of international sanctions, and some foreign firms raced to sign contracts with Iran. The measures were scrapped as part of a landmark deal between Iran and world powers, rewarding the Islamic Republic...

  • *Daimler to sell Mercedes-Benz, FUSO trucks in Iran. The areas of cooperation include a joint venture for local production of Mercedes-Benz trucks and powertrain components, plus the establishment of a sales company for Mercedes-Benz trucks and components. In addition to the plans for Mercedes-Benz trucks, Daimler Trucks also sees great opportunities for...

  • China's Haier buying GE appliance unit for $5.4B Friday, 15 Jan 2016 | 3:11 AM ET
    A Sears customer shops near General Electric appliances in Schaumburg, Illinois, September 8, 2014.

    Chinese appliance maker Haier is buying General Electric's appliance unit for $5.4 billion to expand its global presence.

  • BUENOS AIRES, Jan 14- State-run energy firm YPF said on Thursday it had signed a preliminary deal worth more than $500 million over three years with American Energy Partners LP to explore for shale gas in Argentina's vast Vaca Muerta formation. The foray into Argentina by American Energy's Aubrey McClendon comes months after the former CEO of Chesapeake...

  • Jan 13- Chipmaker Qualcomm Inc and Japan's TDK Corp said they have formed a $3 billion joint venture to supply key components and modules used to communicate wirelessly with devices like smartphones, drones, robots and Internet of things. Qualcomm Global Trading Pte Ltd will hold 51 percent of the new venture RF360 Holdings, while the remaining 49 percent will...

  • *Sanofi and Mannkind terminate deal for Afrezza. LONDON, Jan 5- French drugmaker Sanofi is to stop selling an inhalable insulin developed by Mannkind, following disappointing sales of the product since its launch in February 2015. Rights to Afrezza will revert to Mannkind from Sanofi in the next 90 to 180 days and Mannkind said it was reviewing strategic options...

  • HAVANA, Jan 4- Virginia's port authority will become the first U.S. port operator to sign a cooperation agreement with its Cuban counterpart, in an effort to increase trade and establish direct service with Cuba, Virginia's governor said on Monday. "As Cuba and the United States normalize relationships, we'd like to see the Cuban companies establish Virginia as...

  • TORONTO, Jan 4- Canada Pension Plan Investment Board said on Monday it had agreed to buy a student housing portfolio in the United States for around $1.4 billion, in partnership with Singapore wealth fund GIC and The Scion Group. The three parties said they had formed a student housing joint venture, Scion Student Communities, which will acquire University House...

  • WASHINGTON, Dec 23- United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co, on Wednesday said it had ordered 20 more RD-180 rocket engines from Russia, on top of 29 engines ordered before Russia's invasion of the Crimea region of Ukraine last year. Congress banned military use of the engines after Russia annexed Crimea last year, but a...

  • WASHINGTON, Dec 23- United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co, on Wednesday said it ordered 20 additional RD-180 rocket engines from Russia, on top of 29 engines still being delivered. The company said it ordered the Russian engines to use on its Atlas 5 rockets and serve existing and potential civil and commercial launch...

  • Dec 23- Freeport-McMoRan Inc, the U.S. miner that was targeted by activist investor Carl Icahn earlier this year, is planning to run an auction process for its oil and gas assets in early 2016, according to people familiar with the matter. Phoenix, Arizona- based Freeport-McMoRan's board has retained investment bank Lazard Ltd to advise on possible sale of the...

  • The company said it would rebuild lost business through a distribution agreement with Walgreens pharmacies announced on Tuesday, and said the new arrangement would also help sales of products like Xifaxin for irritable bowel syndrome and Addyi, a new sexual dysfunction treatment. The company forecast 2016 earnings would grow 30 percent to $13.25 to $13.75...

  • Dec 11- Seeds and chemical maker Dow Chemical Co said it would assume full control of its joint-venture with Corning Inc, the supplier of Gorilla Glass for iPhones. Formed in 1943, Dow Corning produces silicon-based products for aerospace, automotive and electrical industries. The transaction is expected to yield more than $1 billion in additional annual...

  • Dec 11- Seeds and chemical maker Dow Chemical Co said it would buy the remaining stake it its joint-venture with Corning Inc, the supplier of Gorilla Glass for iPhones. Formed in 1943, Dow Corning produces silicon-based products for aerospace, automotive and electrical industries. The transaction is expected to yield more than $1 billion in additional annual...

  • NEW YORK, Dec 10- Sara Tirschwell and Dan Kamensky lined up everything to launch a successful hedge fund, only to realize they could not work together, two people familiar with the matter told Reuters. The pair decided on an amicable departure from their planned joint-venture, New York- based Livia Capital Partners, according to one of the people.

  • Dec 10- Billionaire investor Warren Buffett disclosed an 8.02 percent stake in Seritage Growth Properties, a real estate trust created by retailer Sears Holdings Corp.. Seritage was formed by Sears Holdings in June by spinning off about 254 Sears and Kmart stores, as part of the struggling retailer's plans to raise cash. The REIT, which now also includes Sears' 50...

  • SOFIA, Dec 10- Bulgaria and Greece on Thursday signed a final investment agreement to build a natural gas pipeline to help Sofia reduce its almost complete reliance on Russian gas supplies. "This signing gives the real start of the project, which is strategic not only for Bulgaria and Greece, but also for all southeastern Europe," Bulgarian Energy Minister...

  • Dec 9- Chevron Corp plans to slash its budget by 24 percent next year, part of a revamped strategy to rein in spending and position the energy giant to be nimble as oil prices show little sign of rising in the near future. The dramatic cutback in spending is likely to be echoed by other oil majors who will soon release spending plans, with rival ConocoPhillips set to...