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Business Strategy Strategic Alliances

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  • *Agreement is latest Chinese acquisition in Italy. MILAN, March 22 (Reuters)- China National Chemical Corp (ChemChina) is to buy into Pirelli, the world's fifth-largest tire maker, in a 7.1 billion-euro ( $7.7 billion) deal that will put the 143- year-old Italian company in Chinese hands. The deal agreed with Pirelli's top shareholders on Sunday is the latest in a...

  • *Agreement is latest Chinese acquisition in Italy. MILAN, March 22- China National Chemical Corp is to buy Pirelli, the world's fifth-largest tyre maker, in a 7.1 billion-euro deal that will put the 143- year-old Italian company in Chinese hands. The deal agreed with Pirelli's top shareholders on Sunday is the latest in a series of takeovers made in Italy by...

  • MILAN, March 19- Shares in Pirelli jumped as much as 5 percent on Thursday after an Italian daily said the tyre maker was working on a revamp plan that includes taking an Asian partner, the launch of a buyout offer and the de-listing of the group. According to Corriere della Sera, Pirelli Chairman Marco Tronchetti Provera wants to bring on board an Asian shareholder...

  • *Nintendo, DeNA untraded with buy orders after tie-up news Nintendo- related shares soar on new console hopes. Nintendo shares were untraded at 0220 GMT, but looked set to rise by its daily limit of 21 percent to 17,080 yen as the stock was flooded with buy orders after it and DeNA Co said they will jointly develop game applications. CLSA raised Nintendo's rating to'...

  • *Nintendo, DeNA to jointly develop, operate phone apps. *Nintendo has lost users to apps, console rivals. Nintendo, which already warned its annual operating profit would halve on weak console sales, said on Tuesday it was teaming up with online gaming firm DeNA Co Ltd to develop and operate gaming apps.

  • *Nintendo has lost users to smartphone apps, console rivals. TOKYO, March 17- Japan video game maker Nintendo Co Ltd and online gaming firm DeNA are teaming up to develop smartphone games featuring the likes of Super Mario, in a bid to retain users increasingly shunning their console and browser-based games. As a result, Nintendo will acquire a 10 percent stake in...

  • HOUSTON, March 16- A tentative national agreement to end a six-week strike at twelve U.S. refineries has struggled to win ratification at eight plants as workers and companies struggle to settle local issues, according to union officials. The deal reached on Thursday by the United Steelworkers and lead industry negotiator Royal Dutch Shell Plc to end the...

  • WARSAW, March 16- U.S. media group Scripps Networks Interactive agreed to buy a majority stake in Polish broadcaster TVN for 584 million euros, gaining a foothold in a TV advertising market where revenues beat the global average and grew 6 percent last year. Scripps, which owns the Travel Channel and the Food Network, said it would buy the 52.7 percent stake in...

  • CARACAS/ HOUSTON, March 13- A subtle change in office attire may be the most telling symbol of a quiet revolution taking place inside Venezuela's troubled economic engine, giant oil firm PDVSA. New posters inside its Caracas headquarters request employees don normal office wear, visitors say, a telltale sign of what could be the most sweeping changes in over a...

  • *Offer values TSB at 340 pence per share. LONDON, March 12- British challenger bank TSB has received a takeover approach from Banco Sabadell, valuing the business at about $2.6 billion and sending its shares soaring by nearly a quarter. Sabadell, Spain's fifth-biggest bank, has made a proposal of 340 pence in cash for each TSB share, subject to reaching agreement on...

  • MIAMI, March 11- The former chief executive of Norwegian Cruise Line Holdings Ltd sued Richard Branson's Virgin Group in federal court in Miami for $300 million on Wednesday over plans by the British billionaire to launch his own luxury cruise line. Virgin Group announced the Bain Capital- backed cruise line project last December. As CEO of the new Virgin...

  • China stocks rise, banks lead; HK shares mixed Wednesday, 11 Mar 2015 | 12:51 AM ET

    *China stocks up on signs of fresh money inflows. SHANGHAI, March 11- China's stock market edged up on Wednesday morning, led by financial shares on signs that fresh money is flowing into blue chips after their recent correction. In addition, the head of China's Ministry of Human Resources and Social Security told a press conference in Beijing on Tuesday that...

  • Censors loom over Sony PlayStation's China prospects Wednesday, 10 Dec 2014 | 6:19 PM ET

    Sony Corp should fear China's censors as it prepares to unveil the price and release date of its PlayStation 4 gaming console in the world's third-largest gaming market.

  • Microsoft delays launch of Xbox One in China Sunday, 21 Sep 2014 | 10:50 AM ET
    Xbox and PlayStation signage on display at the 2014 E3 Electronic Entertainment Expo.

    Microsoft has delayed the launch of its Xbox One game console in China. The company said it would be released by the end of the year.

  • Tata Motors executive Slym dies in fall from hotel Sunday, 26 Jan 2014 | 10:06 AM ET
    Karl Slym, managing director of Tata Motors Ltd.

    Karl Slym, managing director of India's Tata Motors, died on Sunday after falling from a high floor of a hotel in Bangkok, the company said.

  • Time Warner Cable, Viacom renew distribution deal Tuesday, 24 Dec 2013 | 10:35 AM ET
    A man enters Viacom headquarters in New York.

    Time Warner Cable said it had renewed its distribution agreement with Viacom, whose channels include MTV, Comedy Central and Nickelodeon.

  • Nasdaq to Set Up Trading Post for Private Firms Wednesday, 6 Mar 2013 | 7:43 AM ET

    Nasdaq OMX Group said it will form a joint venture with SharesPost to establish a marketplace for private companies. The stock exchange operator will retain a majority stake in Nasdaq Private Market.