Business Strategy Strategic Alliances


  • Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Texas to reduce debt and costs. Hedge fund Starboard Value LP urged Macy's Inc last month to enter into joint ventures for its stores, including its flagship Herald Square store in New York, to realize greater value from its real estate assets. CBRE Group Inc's Capital...

  • BRUSSELS, Feb 5- ArcelorMittal, the world's largest steelmaker, launched plans on Friday for a $3 billion share issue to help reduce debt and cut costs, having been hit by a plunge in steel prices which it blamed on a surge in cheap exports from China. The company, twice the size of its nearest rival, reported that its core profit dropped by 32 percent last year to $5.2...

  • BRUSSELS, Feb 5- ArcelorMittal, the world's largest steelmaker, launched plans on Friday to raise $3 billion from a share issue to reduce debt, as it continues to suffer from the Chinese industry's overcapacity which it says has driven down world prices. Chief Executive Lakshmi Mittal said that 2015 had been a very difficult year for the steel and mining...

  • *4th- qtr U.S. Dunkin' Donuts comp sales fall 0.8 pct. *Sees 2016 U.S. Dunkin' Donuts comp sales growth of up to 2 pct. Feb 4- Dunkin' Brands Group Inc reported a surprise drop in quarterly sales at established U.S. Dunkin' Donuts restaurants as the launch of all-day breakfast by McDonald's Corp and value-meal offers by rivals lured customers away.

  • DETROIT, Feb 3- General Motors Co rode sales of SUVs and pickup trucks in North America to a record profit in 2015, and reaffirmed its forecast to do better this year despite signs that vehicle sales are hitting a peak. Wall Street expected $1.21 per share, according to analysts polled by Thomson Reuters I/B/E/S. GM affirmed an earlier forecast that it will...

  • *Expects multiple deals in multiple territories. LONDON, Feb 2- British online grocer Ocado is confident it will sign multiple overseas technology deals despite missing out on its target of securing a first one in 2015, the firm said on Tuesday. "We are in talks with... a lot of retailers both in North America and in western Europe but also globally across Asia,...

  • LONDON, Feb 2- British online grocer Ocado on Tuesday met forecasts with a 13.8 percent rise in full-year core earnings and said it expected to sign multiple overseas deals in the medium term. Analysts see securing international deals in north America and western Europe as the key driver of Ocado's stock market valuation and the company said back in February...

  • A Sears customer shops near General Electric appliances in Schaumburg, Illinois, September 8, 2014.

    Chinese appliance maker Haier is buying General Electric's appliance unit for $5.4 billion to expand its global presence.

  • A pedestrian walks past Cisco Systems signage at the company's headquarters in San Jose, Calif.

    Cisco Systems said it would form a joint-venture with Chinese server maker Inspur to sell networking and cloud computing products in China.

  • 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.

  • 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.

  • 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.

  • 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 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.