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Business Strategy Strategic Alliances

  • CAPE CANAVERAL, Fla., May 1- A SpaceX Falcon 9 rocket lifted off from Florida on Monday, carrying the company's first satellite for the U.S. military, and breaking a 10- year monopoly held by a partnership of Lockheed Martin and Boeing. Musk battled for years to break the monopoly on the military's launch business held by United Launch Alliance, a partnership of...

  • LONDON, April 25- Jimmy Wales, the founder of online encyclopaedia Wikipedia, has launched a website aimed at countering the spread of fake news by bringing together professional journalists and a community of volunteers and supporters to produce news articles. The new platform, called Wikitribune, will be free to access and carry no advertising, instead...

  • ZURICH, April 25- ABB has sealed a collaboration agreement with International Business Machines Corp, the Swiss engineering company said on Tuesday, the latest step in its efforts to ramp up its presence in digital technology and the internet of things. "This powerful combination marks truly the next level of industrial technology, moving beyond current...

  • NEW YORK, April 24- GE Power, a division of General Electric Co, has signed a services deal with Algerian utility Sonelgaz SPE valued at more than $3 billion, the largest services agreement ever for GE Power and one that creates hundreds of jobs in Algeria, GE said on Monday. Under the 20- year contract with the subsidiary of Sonelgaz SPE, GE will train more than 1,000...

  • NEW YORK, April 24- GE Power, a division of General Electric Co, has signed a services deal with a subsidiary of Algerian utility Sonelgaz valued at more than $3 billion, the largest such agreement ever for GE Power, GE said on Monday. GE was able to expand the deal after its acquisition of Alstom's power and grid businesses in 2015. "The service agreement, and digital,...

  • NEW YORK, April 24- GE Power, a division of General Electric Co, has signed a services deal with a subsidiary of Algerian utility Sonelgaz valued at more than $3 billion, the largest such agreement ever for GE Power, GE said on Monday. "The service agreement, and digital, will cover the total plant, everything from the gas turbines to the rest of the equipment," Steve Bolze,...

  • MEXICO CITY, April 20- Mexican state-run oil company Pemex plans a second deepwater "farm-out" joint venture in the Maximino and Nobilis areas in the Gulf of Mexico where super light crude has been found near the U.S. border, two people familiar with the matter said this week. The people said Pemex will likely seek approval in June from the National Hydrocarbons...

  • TOKYO, April 20- Western Digital Corp, the U.S. partner of Toshiba Corp in a semiconductor venture, is in talks with Japanese government-backed investors and would consider a joint bid with them for the chip business, a senior official said on Thursday. "We want to find a way to ensure we are aligned with INCJ and DBJ," Mark Long, chief financial officer, told Reuters in an...

  • TOKYO, April 20- Western Digital Corp, the U.S. partner of Toshiba Corp in a semiconductor venture, is in talks with state-backed fund Innovation Network Corp of Japan and the Development Bank of Japan and would consider a joint bid with them for the chip business, a senior official said on Thursday. "We want to find a way to ensure we are aligned with INCJ and DBJ," Mark...

  • April 19- Verily, Alphabet Inc's life sciences business, said it was launching a four-year study with about 10,000 participants to understand how people transition from being healthy to becoming sick, and to identify additional risk factors for diseases. Verily is partnering with Duke University and Stanford Medicine in the United States to enroll...

  • SHANGHAI, April 18- Audi AG and its China joint-venture partner FAW Group will produce and sell five "e-tron" plug-in cars in China over the next five years, part of a global push to boost sales of all-electric battery and plug-in hybrid vehicles. As part of this agreement, the two companies recently began producing in China the first of the five planned cars- a...

  • SHANGHAI, April 18- Chinese fund CMC Capital Partners, which has tie-ups from soccer club Manchester City to Warner Bros, has partnered with top Hollywood talent management firm Creative Artists Agency, the two firms said on Tuesday. The deal is the latest in a series of tie-ups between Hollywood and China, with Chinese investors keen to boost their presence in...

  • SHANGHAI, April 17- Global automakers face fresh threats to their profits in China from domestic automakers SAIC and Geely, which are launching new models and marketing strategies to challenge better-known foreign brands in the world's largest car market. "China success is the base of overseas market success," said Zhang Liang, product portfolio planning...

  • *Saudi Investment Bank drops on Oger's 2.8 pct stake sale. DUBAI, April 17- Two Saudi Arabian telecommunications stocks surged on Monday on hopes that troubled operators have finally turned the corner, while Abu Dhabi real estate firm Eshraq was helped by a plan to tie up with state fund Mubadala. "I believe the market is expecting Mobily to report profits just like...

  • *Apple eyes multi-billion dollar stake of over 20 pct- NHK. TOKYO, April 14- Apple Inc is considering teaming up with its supplier Foxconn to bid for Toshiba Corp's semiconductor business, Japanese public broadcaster NHK reported on Friday- the latest twist in the sale of the world's second-biggest flash memory chipmaker. Taiwan's Foxconn, formally known as Hon...

  • TOKYO, April 14- Apple Inc is considering teaming up with its supplier Foxconn to bid for Toshiba Corp's semiconductor business, public broadcaster NHK said on Friday- the latest twist in the sale of the world's second-biggest flash memory chipmaker. Foxconn, which participated in the first round of the auction, has been considered such a risk due to its deep ties...

  • TOKYO, April 14- Apple Inc is considering teaming up with its supplier Foxconn to bid for Toshiba Corp's semiconductor business, public broadcaster NHK said on Friday- the latest twist in the sale of the world's second-biggest flash memory chipmaker. Taiwan's Foxconn, formally known as Hon Hai Precision Industry, declined to comment. They are U.S. chipmaker...

  • BEIJING, April 12- Ant Financial, the finance affiliate of Alibaba Group Holding, and Indonesian media company Elang Mahkota Teknologi are to form a joint venture to offer payment and financial services in Indonesia. The Emtek tie-up is Ant's fifth international payments deal since November, seeking to tap Asia's third-largest country by population as the...

  • TOKYO, April 12- Western Digital Corp has warned Japan's Toshiba Corp that splitting off its chip unit prior to a planned sale of the business violates their joint chip venture contract and that it wanted to enter into exclusive talks. In a strongly worded letter dated April 9, Western Digital which operates a chip plant with Toshiba in Japan, said the split-off is...

  • April 11- German industrial giant Siemens AG and Canada's Bombardier Inc are in talks to combine their train operations, which could be worth at least 10 billion euros, Bloomberg reported. The joint venture would team up the firms' train-making and signaling activities, Bloomberg said on Tuesday, citing people familiar with the matter....