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Business Strategy Strategic Alliances

  • CAPE CANAVERAL, Fla., Dec 1- Tech billionaire Elon Musk's SpaceX hopes to return its Falcon 9 rocket to flight on Dec. 16, said Iridium Communications Inc, which plans to have 10 of its satellites on board for launching. The launch is contingent on approval by the Federal Aviation Administration, which oversees U.S. commercial space transportation, Iridium said on...

  • DOHA, Nov 29- Qatar Navigation's purchase of Qatar Petroleum's stake in oilfield services firm Al Shaheen Holding has been delayed, the chairman of the shipping firm known as Milaha told Reuters on Tuesday. Al Shaheen has three joint ventures in oilfield services, two of which are with GE Oil and Gas. Milaha said in June it had reached a preliminary agreement with...

  • NEW YORK, Nov 28- AT&T Inc, the largest U.S. DirecTV Now will debut on Wednesday at prices ranging from $35 a month for over 60 channels to $70 for over 120 channels, AT&T said. For a limited time, more than 100 channels will be available for $35, the company said.

  • MUMBAI, Nov 28- Tata Steel UK, the British arm of India's Tata Steel, will hold exclusive talks with trading firm Liberty House to sell its speciality steel business as its parent seeks to offload loss-making assets and restructure European operations. Tata Steel, India's biggest steelmaker by overall capacity, has been trying to restructure its UK business,...

  • *YNAP, Dubai billionaire Alabbar plan joint venture. DUBAI, Nov 28- Italian online fashion retailer Yoox Net-A-Porter Group and Dubai- based billionaire Mohamed Alabbar said on Monday they will form a 130 million euro luxury retail business in the Middle East. Alabbar bought into a 100 million euro capital increase by YNAP through his Alabbar Enterprises, which...

  • FRANKFURT, Nov 27- Volkswagen signed a deal on Sunday to assemble cars in Algeria in a joint venture with its local car importer SOVAC, aiming for a production capacity of more than 100 vehicles per day from June 2017, VW and Algerian officials said. Algeria has been trying to boost investment and diversify its economy to compensate for a drop in oil and gas earnings...

  • FRANKFURT, Nov 27- Volkswagen said on Sunday it had formed a joint venture with Algerian sales partner SOVAC to assemble cars in the North African country, aiming for production capacity of more than 100 vehicles per day from spring 2017.. "The Volkswagen Group opted for participation in SOVAC Production SPA as we have co-operated successfully with our sales...

  • SHANGHAI/ HONG KONG, Nov 24- German insurer Allianz is setting up a wholly-owned unit in Shanghai to launch hedge funds that invest abroad, three sources said, as some foreign managers prepare for China to ease curbs on overseas investments aimed at stemming capital outflows. The unit of Allianz, the world's fourth largest money manager by assets, will then apply...

  • Trov, a San Francisco Bay Area firm that provides smartphone-based on-demand insurance for individual assets, like computers or cameras, for any duration, launched in the United Kingdom on Tuesday, backed by AXA Insurance, a subsidary of AXA SA. The multitrillion-dollar dollar insurance industry is poised to be transformed "beyond recognition" by new...

  • Trov, a San Francisco Bay Area firm that provides smartphone-based on-demand insurance for individual assets, like computers or cameras, for any duration, launched in the United Kingdom on Tuesday, backed by insurance firm AXA SA. The multitrillion-dollar dollar insurance industry is poised to be transformed "beyond recognition" by new technologies like...

  • Nov 21- Otter Media, the joint venture between AT&T Inc and The Chernin Group, has partnered with Reese Witherspoon to form a new multimedia company, Hello Sunshine, aimed at telling female-driven stories. AT&T partnered with longtime media executive Peter Chernin to form Otter Media in 2014 as a way to capitalize on the booming streaming video industry,...

  • Nov 21- Rowan Companies Plc said it was forming a joint venture with Saudi Arabian state oil giant Saudi Aramco to operate offshore drilling rigs in the country. Both companies would contribute $25 million as working capital, Rowan said in a regulatory filing on Monday. Saudi Aramco is targeting 2018 for what could be the world's largest public listing, Chief...

  • Nov 21- Rowan Companies Plc said it was forming a joint venture with Saudi Arabian state oil giant Saudi Aramco to operate offshore drilling rigs in the country. Rowan said it would provide three jack-up rigs and Saudi Aramco two when the joint venture begins operations in the second quarter of 2017.. Both companies would contribute $25 million as working...

  • BARCELONA, Nov 17- Liberty Global's chief executive said the cable group's joint venture with mobile operator Vodafone in the Netherlands did not signal more deals between the two companies in Europe. Asked at the Morgan Stanley Technology, Media and Telecoms conference whether the Dutch tie-up was a template for further deals, Mike Fries said: "Hard to say, I...

  • BARCELONA, Nov 17- Liberty Global's chief executive said the cable group's joint venture with mobile operator Vodafone in the Netherlands did not signal more deals between the two companies in Europe. Asked at the Morgan Stanley Technology, Media and Telecoms conference whether the Dutch tie-up was a template for further deals, Mike Fries said: "Hard to say, I...

  • BARCELONA, Nov 17- FreedomPop, a U.S.-based free mobile phone service provider, plans to begin selling refurbished, used smartphones in several American and European markets for a fraction of the cost of new handsets. FreedomPop said it will sell used smartphones at up to 80 percent off the manufacturer's suggested retail prices initially the United States,...

  • *Prime customers in and around London offered same-day delivery. LONDON, Nov 16- British supermarket Morrisons has launched a new service offering Amazon customers same-day deliveries of goods from its stores, deepening the relationship between the two firms but hitting shares in online grocer Ocado. The new "Morrisons at Amazon" service, launched on...

  • SAO PAULO, Nov 9- Brazilian energy and logistics company Cosan SA Indústria e Comércio reported a net profit of 327.5 million reais in the quarter that finished in September, reversing the net loss of 17.2 million reais a year ago. Cosan is a 50-50 partner with Royal-Dutch Shell Plc in the joint venture Raízen, which is the world's largest sugar and ethanol...

  • SAO PAULO, Nov 9- Brazilian energy and logistics company Cosan SA Indústria e Comércio reported a net profit of 327.5 million reais in the quarter that finished in September, reversing the net loss of 17.2 million reais a year ago. Cosan is a 50-50 partner with Royal-Dutch Shell Plc in the joint venture Raízen, which is the world's largest sugar and ethanol...

  • CARACAS, Nov 4- Venezuelan state oil company PDVSA on Friday signed financing deals totaling nearly $1.45 billion with a local firm and India's ONGC Videsh Limited to raise production at joint venture operations. ONGC will provide $318 million to finance increased crude production at the joint venture Petrolera Indovenezolana, S.A., where it holds a 40...