Business Strategy Strategic Alliances

More

  • Feb 11- Lockheed Martin Corp said it would offer the T-50A, a training jet developed jointly with Korea Aerospace Industries Ltd, in the upcoming U.S. Air Force competition to build 350 new training planes. The U.S. Air Force aims to launch the competition in 2017 to replace its ageing fleet of T-38 planes and analysts have said it could eventually buy up to 600...

  • NEW YORK, Feb 8- U.S. commodity trader Gerald Group said on Monday it will sell a stake in a subsidiary to a Chinese copper explorer and producer to boost its balance sheet, the latest sign that plunging metals prices are shaking up the global metals landscape. The size of the stake was not disclosed, but Pengxin International Mining Co Ltd will inject equity into...

  • NEW YORK, Feb 8- Itochu Corp, one of Japan's biggest trading companies, said on Monday it has agreed to buy a stake in a new joint venture with privately-owned cocoa trader and processor Transmar Group, marking its first foray into the chocolate market. Under the terms of the deal, the companies will form a joint venture called Transmar Group Ltd, which will be based in...

  • 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,...

  • 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...

  • 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...

  • 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...