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Business Strategy Strategic Alliances

  • LONDON, Jan 31- British online supermarket Ocado on Tuesday reported a 3.3 percent rise in full-year core earnings and said it was well positioned for growth, though there was no significant update on a long awaited overseas deal. The firm, whose range includes products supplied by upmarket grocer Waitrose and also has a distribution agreement with Morrisons,...

  • Jan 26- Citigroup Inc has quietly launched a website to make small business loans of up to $1 million, the latest effort by a big bank to make the process of smaller loans more technology-friendly. Banks have been cautious about entering the online lending space despite the proliferation of online non-bank lenders such as On Deck, LendingClub Corp Prosper...

  • Jan 27- Restaurant Brands International Inc said it would launch its coffee and doughnut chain, Tim Hortons, in Mexico as a part of its expansion plans. The joint venture company will be the master franchisee of Tim Hortons in Mexico, the company said. The move into Latin America comes after Tim Hortons, which has outlets in Canada, the United States and the Middle...

  • *China seen as most likely alternate source of funds. KUALA LUMPUR, Jan 27- Saudi Aramco's decision to shelve a plan to partner with Malaysia's state oil company threatens the country's ambitious plans for an oil and gas processing hub, which it may struggle to keep on course if it cannot find another foreign investor. The Saudi oil major suspended plans for a joint...

  • *Sees Q1 rev $12.25 bln- $13.25 bln, vs est $11.77 bln. The seeds and chemical maker said improving growth in the United States, Latin American and Europe, besides steady Asia growth, would boost demand in its packaging, consumer care, electronics, automotive and agriculture businesses. "We are seeing early signs of positive economic momentum, with the United States...

  • Excluding the Dow Corning transaction, Dow's sales rose 2.5 percent to $11.75 billion in the fourth quarter ended Dec. 31, with sales increasing in four of its five businesses. "We are seeing early signs of positive economic momentum, with the United States in expansionary mode, driven by the ongoing strength of the consumer and the tailwind of a new incoming...

  • "We are seeing early signs of positive economic momentum, with the United States in expansionary mode, driven by the ongoing strength of the consumer and the tailwind of a new incoming administration promising structural reforms," Chief Executive Andrew Liveris said in a statement. Dow is merging with DuPont in a $130 billion deal that has drawn scrutiny from...

  • Oprah Winfrey

    Kraft Heinz and Oprah Winfrey said they would form a joint venture to develop a new line of food products in the United States.

  • Jan 25- Heinz ketchup maker Kraft Heinz Co and media mogul Oprah Winfrey said on Wednesday they would form a joint venture to develop a new line of food products in the United States. The joint venture, Mealtime Stories LLC, will initially make ready-to-eat refrigerated products across multiple categories and 10 percent of its profits will be donated to...

  • PRAGUE, Jan 25- United Arab Emirates- based military vehicles maker NIMR Automotive is teaming up with Czech state defense equipment company VOP CZ to try to break into European markets in the coming years, the head of NIMR said in an interview. NIMR, a subsidiary of state-owned Emirates Defence Industries Company and a leading military vehicles manufacturer in...

  • ALGIERS, Jan 25- An Algerian company has signed a deal with a U.S. group to set up agricultural projects worth $300 million in the North African country as it seeks to reduce dependence on imports, Algeria's agriculture ministry said on Wednesday. Algeria imports most of its agriculture-related products because of weak domestic output, but has promised to...

  • MOSCOW, Jan 17- Russian state-owned bank VTB briefly lent over $11 billion to an entity controlled by Qatar and commodities trader Glencore four days after the Kremlin signed a deal to sell them a stake in state oil company Rosneft for a similar amount, two Russian newspapers reported on Tuesday. The existence of the short-term loan, if confirmed, muddies the...

  • MOSCOW, Jan 17- Russian state-owned bank VTB briefly lent over $11 billion to an entity controlled by Qatar and commodities trader Glencore four days after the Kremlin signed a deal to sell them a stake in state oil company Rosneft for a similar amount, two Russian newspapers reported on Tuesday. The existence of the short-term loan, if confirmed, muddies the...

  • DJIBOUTI, Jan 16- The president of Djibouti on Monday formally launched the construction of a project touted as Africa's largest free trade zone, to be built in the tiny Horn of African nation with Chinese backing. Djibouti also handles roughly 95 percent of the inbound trade for neighboring Ethiopia, population 99 million. "aims to become a gateway not only to...

  • Jan 12- Oil and gas producer Anadarko Petroleum Corporation said on Thursday it would sell its Eagleford Shale assets in South Texas for about $2.3 billion to a strategic 50/ 50 partnership formed by Sanchez Energy Corporation and asset manager Blackstone Group LP. Al Walker, chief executive officer of Anadarko, said in a statement that the sale would help the...

  • Jan 12- Oil and gas producer Anadarko Petroleum Corporation said on Thursday it would sell its Eagleford Shale assets in South Texas for about $2.3 billion to a strategic 50/ 50 partnership formed by Sanchez Energy Corporation and Blackstone Group LP. Al Walker, chief executive of Anadarko said in a statement that the sale would help the company accelerate...

  • LONDON, Jan 11- The widow of an activist executed after protesting against Royal Dutch Shell's oil production in Nigeria has won access to legal documents for use in a legal case for damages against the oil giant that she says she plans to launch in the Netherlands. A U.S. judge in December told Shell's U.S. lawyers to give Esther Kiobel documents about Shell's...

  • Jan 10- Kite Pharma Inc said on Tuesday it had formed a joint venture with Shanghai Fosun Pharmaceutical Co Ltd to develop and commercialize its cancer treatment in China. Kite Pharma said it would receive an upfront payment of $40 million from the JV, funded by Fosun Pharma as well as regulatory and commercial milestones totaling $35 million.

  • LONDON, Jan 6- Brewer Anheuser Busch InBev and coffee maker Keurig Green Mountain have teamed up to develop a countertop appliance that could dispense alcoholic drinks in the home. Keurig is part of privately held JAB Holding, the investment vehicle of Austria's billionaire Reimann family. JAB Chief Executive Olivier Goudet is also the chairman of AB InBev, the...

  • NEW DELHI, Jan 6- A subsidiary of China's top carmaker SAIC Motor Corp plans to acquire certain General Motors manufacturing assets in India, a filing with the country's competition watchdog showed on Friday. As part of a side deal, General Motors also plans to buy out SAIC's 9.2 percent stake in SAIC General Motors Investment- a joint venture it formed with the...