Business Strategy Strategic Alliances

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  • KINSHASA, April 19- Randgold Resources has entered a joint venture in Democratic Republic of Congo with a company controlled by Israeli billionaire Dan Gertler and a state miner, the company said in a statement on Tuesday. The gold project in northeastern Congo with Moku Goldmines AG, majority-owned by Gertler's Fleurette Group, and state miner Sokimo could...

  • HANOI, April 18- Vietnamese telecom company Viettel said on Monday it plans to form a consortium with two Myanmar companies to invest a combined $1.5 billion in Myanmar's telecoms sector if it wins the country's fourth, and last, telecom license. "This strong foundation ideally positions us to cater to the untapped telecom market potential in Myanmar," Viettel's...

  • DAKAR, April 15- Senegal has created Air Senegal, a new national airline intended to replace the West African nation's now defunct, heavily indebted carrier Senegal Airlines, the minister of tourism and air transport said on Friday. Senegal state-owned television said late on Friday that Turkish Airlines was the front-runner to take a stake in Air Senegal.

  • COLORADO SPRINGS, Colo., April 13- United Launch Alliance said on Wednesday its Atlas 5 rocket will need to be repaired before flights resume following an early engine shutdown on its last mission. "There will be corrective action," Tory Bruno, chief executive of the joint venture by Lockheed Martin Corp and Boeing Co, told Reuters in an interview at the Space...

  • COLORADO SPRINGS, Colo., April 11- United Launch Alliance will team with billionaire entrepreneur Robert Bigelow to market and fly habitats for humans in space, a project that hinges on space taxis being developed by SpaceX, Boeing Co and other firms, ULA and Bigelow said on Monday. Space Symposium in Colorado Spring, Colorado, includes a 2020 launch of a 12,000-...

  • *Singapore marine, offshore engineering output falls to $14.5 bln. SINGAPORE, April 12- Marine and offshore engineering companies are turning to cruise ships, fishing vessels or even sea-based wind farms to keep their earnings afloat as weak oil prices slash new spending by big energy companies. Singapore- listed Vard Holdings last month signed a letter of...

  • ASTANA, April 7- Kazakhstan and global oil majors developing the Karachaganak gas condensate field aim to "peacefully resolve" their dispute over a production sharing agreement, Kazakhstan's Energy Ministry said on Thursday. Russia's Lukoil, one of the oil majors, said this week Kazakhstan had filed a $1.6 billion claim against the consortium led by BG Group...

  • HONG KONG, April 3- A Macau court has ruled that a former business partner of Las Vegas Sands Corp, the world's biggest casino company, can proceed with a lawsuit seeking billions in damages for breaking the terms of their former partnership agreement. In a filing made on March 16, a court in the Chinese southern territory denied Las Vegas Sands a motion to dismiss...

  • March 22- Macy's Inc appointed William Lenehan, an expert in real estate investments, to its board amid investor pressure to monetize its real estate assets. Shareholder Starboard Value LP has been pressuring Macy's since July to spin off its real estate assets, which the hedge fund estimates are valued at about $21 billion. It has also entered into partnerships...

  • March 22- Asset manager Fiera Capital Corp and Aquila Infrastructure Management Inc have formed a joint venture with an initial capital of about C $500 million to invest in infrastructure projects. The alternative investment joint venture, Fiera Infrastructure Inc, will increase Fiera Capital's infrastructure asset portfolio to C $1.2 billion, the...

  • *Says growth in Australia coal supply has tapered. MELBOURNE, March 22- New Hope Corp, Australia's top independent coal producer, sees signs the Asian thermal coal market has bottomed out, with prices expected to creep up over the medium term. New Hope said growing ship queues at the port of Newcastle were a positive signal, showing demand remained firm for...

  • SAN FRANCISCO, March 21- More than a year after Uber announced a research pact with Carnegie Mellon University- and then hired away four of the institution's faculty and 36 researchers and technicians- the ride-hailing company and university have not collaborated on a single project, according to CMU faculty and administrators. Herman Herman, director of...

  • LOS ANGELES, March 18- Satellite TV provider Dish Network Corp said on Friday it will request arbitration to determine the terms of a renewed distribution agreement with Comcast Corp's NBCUniversal networks. The networks will remain available to Dish customers during the arbitration as well as a 10- day "cooling off period" during which the parties can...

  • LOS ANGELES, March 18- Satellite TV provider Dish Network Corp said on Friday it will request arbitration to determine the terms of a renewed distribution agreement with Comcast Corp's NBCUniversal networks.

  • WASHINGTON, March 17- U.S. Senate Armed Services Committee Chairman John McCain on Thursday urged Defense Secretary Ash Carter to investigate what he called troubling remarks by a former senior United Launch Alliance executive about his company's dealings with the Pentagon. "This committee treats with the utmost seriousness any implication that the...

  • CAPE CANAVERAL, Fla., March 16- United Launch Alliance last year refused to bid on a launch service contract for the U.S. military's next-generation GPS satellite because it was hoping to avoid a "cost shootout" with Elon Musk's SpaceX, according to a ULA vice president. The statements by ULA vice president of engineering Brett Tobey were made on Tuesday at the...

  • *India expects to develop own GM cotton variety next year. NEW DELHI, March 16- U.S. seed company Monsanto is welcome to leave India if it does not want to lower prices of genetically modified cotton seeds as directed by the government, a minister said on Wednesday, in a sign the rift between New Delhi and the firm is widening. New technologies are critical to lifting...

  • NEW YORK, March 16- Shell and Saudi Aramco on Wednesday announced plans to break up Motiva Enterprises LLC and divide up the assets, almost two decades after the U.S. oil refining and marketing joint venture was formed. *230,000 barrel-per-day Convent refinery located in St. James Parish, Louisiana;. *600,000 bpd Port Arthur refinery located in Port Arthur, Texas, the...

  • Michael Jackson at a press conference in New York in 1992.

    Sony Corp said it signed an agreement with Michael Jackson's estate to buy for $750 million the deceased pop star's stake in Sony/ATV Music Publishing.

  • March 14- Sony Corp said it signed an agreement with Michael Jackson's estate to buy for $750 million the deceased pop star's stake in Sony/ATV Music Publishing, the world's largest music publisher which controls songs such as The Beatles' "All You Need Is Love." "This acquisition will enable Sony to more quickly adapt to changes in the music publishing business,"...