Business Strategy Strategic Alliances

  • -Feb 2016: Investment of $42.5 million in Pronutria Biosciences, now Axcella Health, a specialist in developing medicines for disease caused by amino acid imbalance. -Sept 2015: Licensing agreement with Lipid Therapeutics for exclusive worldwide rights, except for Europe and Australia, to its experimental medicine for ulcerative colitis.

  • -Feb 2016: Investment of $42.5 million in Pronutria Biosciences, now Axcella Health, a specialist in developing medicines for disease caused by amino acid imbalance. -Sept 2015: Licensing agreement with Lipid Therapeutics for exclusive worldwide rights, except for Europe and Australia, to its experimental medicine for ulcerative colitis.

  • Sept 28- Apple Inc and Deloitte LLP announced a partnership on Wednesday in which the consultant will open a new practice to help corporate clients work with Apple products, the tech firm's latest attempt to boost enterprise sales as its key product, the iPhone, shows signs of maturation. The deal with Deloitte will ensure that Apple is top of mind as companies...

  • Sept 28- Apple Inc and Deloitte LLP announced a partnership on Wednesday in which the consultant will open a new practice to help corporate clients work with Apple products, the tech firm's latest attempt to boost enterprise sales as its key product, the iPhone, shows signs of maturation. More than 5,000 Deloitte advisers will be included in the Apple initiative,...

  • MEXICO CITY, Sept 27- Mexico's Jose Cuervo, the world's largest tequila producer, on Tuesday announced its long-awaited initial public offering, which could raise up to $1 billion, another sign of a wider revival in Latin American stock flotations. "Jose Cuervo has managed to capitalize pretty well, mostly because of their brands, but also because it's one of the...

  • MONTREAL, Sept 23- Canada's Bombardier Inc and the China Railway Rolling Stock Corporation, longstanding partners in the Chinese domestic rail market, said on Friday they had expanded their relationship to join forces on international bids. "The agreement sets the stage for us to win more joint bids, both in China and worldwide," said Mike Nadolski, a spokesman for...

  • *Europe leads industry but state support cooling. FRANKFURT, Sept 23- Yield-hungry investors in the offshore wind market are switching their sights to the United States as future support for the industry in Europe remains uncertain, leaving billions of euros looking for a new home. Europe has led the way in developing offshore-- the most expensive form of...

  • OTTAWA, Sept 22- Canada and China said on Thursday they will launch exploratory talks on a free trade agreement and explore a possible extradition treaty for Chinese fugitives from Canada, even as they announced agreements on beef and canola exports to China. The controversy over the extradition treaty comes just days after Kevin Garratt, a Canadian held in...

  • Customers will be able to book beGlammed services ranging from $25.00- $185.00, including bridal makeup, on macys.com, on-demand beauty service provider beGlammed said in a statement on Thursday. The service will be launched in 22 U.S. cities that beGlammed operates in, including Los Angeles, New York City, Miami, Las Vegas, San Francisco, Chicago and Dallas, the...

  • NOVO-OGARYOVO, Russia, Sept 21- President Vladimir Putin officially launched production at a new oil field on Wednesday, a day after Russia's output touched a record high even as Moscow prepared to join talks aimed at supporting prices. OPEC and non-member producers including Russia will meet next week to discuss a potential deal to stabilize the market by at...

  • Sept 20- One of the two investors in Puerto Rico's largest airport is exploring selling a 50 percent stake in a joint venture that runs it under a lease agreement with the Caribbean island's government, people familiar with the matter said on Tuesday. The move comes as passenger traffic at the airport has proved resilient in the face of Puerto Rico's $70 billion...

  • Sept 20- Canada's Electrovaya Inc said on Tuesday it signed an agreement to supply lithium-ion batteries for electric vehicles to an original equipment maker, its second such deal with a NYSE- listed Fortune 1000 company. Electrovaya, which boasts Tata Motors, Chrysler and NASA among its customers, said in July that it expects revenue of $80 million over three...

  • TOKYO, Sept 16- This week's Tokyo Game Show is one of the world's biggest draws for gamers and developers, but the talk amid the virtual reality headsets and robot arms is of the industry giant that never turns up: Nintendo Co Ltd. It was a rare public splash, and gamers in Tokyo read Miyamoto's guest Apple appearance as a sign that executives in Nintendo's spartan...

  • Sept 14- Power plant operator American Electric Power said it would sell four of its power plants with a total capacity of about 5,200 MW for about $2.17 billion as it focuses on its regulated power business. American Electric said a joint venture of Blackstone Group LP and ArcLight Capital Partners LLC would buy the plants, three of which are in Ohio and one in...

  • Sept 14- Power plant operator American Electric Power said it would sell four of its power plants with a total capacity of about 5,200 MW for about $2.17 billion to a newly formed joint venture. The company said a joint venture of Blackstone Group LP and ArcLight Capital Partners LLC would buy the plants, three of which are in Ohio and one in Indiana.

  • LAUNCESTON, Australia, Sept 13- When the price of a commodity rises by 117 percent in a mere 15 weeks, it's generally a sign that something is amiss in the market, and coking coal's recent stellar run is no exception to this rule. The spot price of Australian premium hard coking coal has surged from $83.40 a tonne on May 31 to $180.90 on Sept. 9. In addition to the spot price...

  • LAUNCESTON, Australia, Sept 13- When the price of a commodity rises by 117 percent in a mere 15 weeks, it's generally a sign that something is amiss in the market, and coking coal's recent stellar run is no exception to this rule. The spot price of Australian premium hard coking coal has surged from $83.40 a tonne on May 31 to $180.90 on Sept. 9. In addition to the spot price...

  • PARIS, Sept 12- French drugmaker Sanofi and Google owner Alphabet's U.S-based life sciences company Verily, announced on Monday the launch of a joint-venture aimed at offering patients suffering from diabetes products that will combine devices and services. No financial details were disclosed but the spokeswoman said Sanofi had invested $248 million in...

  • *Bank reviewing asset sales to boost capital. MILAN, Sept 7- Italy's largest bank UniCredit is seeking a strategic partner for its asset management business Pioneer, as part of a plan to bolster its capital base, several sources close to the matter said on Wednesday. UniCredit in July ended long-running negotiations to merge Pioneer with Santander's asset...

  • SHANGHAI/ HONG KONG, Sept 7- Societe Generale is in talks to sell its 49 percent stake in a mutual fund joint venture with China's Baosteel Group to global private equity firm Warburg Pincus, according to people familiar with the matter. In 2003, it teamed up with state-owned Baosteel Group, which operates China's second-largest steelmaker, to create joint...