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Business Strategy Strategic Alliances

  • Sept 14- Pfizer Inc and Astellas Pharma Inc said on Thursday their drug to treat a type of prostate cancer met the main goal in a late-stage trial. More than 161,000 men are estimated to be diagnosed with prostate cancer in 2017, according to the American Cancer Society. Pfizer acquired Medivation Inc in 2016, taking on its earlier agreement with Japan's...

  • LONDON, Sept 14- British tour operator Thomas Cook said on Thursday it had entered into a strategic alliance with Expedia to make the online travel company its preferred provider of hotels for certain holiday sales. Thomas Cook said that while it remained focussed on its own-brand hotels, Expedia would be the preferred partner for its "complementary city and...

  • TOKYO— Toshiba's long meandering sale of its computer memory business took another turn Wednesday, as the Japanese nuclear and electronics company's announcement of a deal with a consortium was immediately met with opposition from U.S. joint venture partner Western Digital. But Western Digital has begun legal action, opposing the sale to anyone else.

  • SAN FRANCISCO, Sept 12- Slack Technologies Inc on Tuesday announced support of four new languages and a Shared Channels feature that allows employees of different companies to work together on the popular workplace communication software. We believe this is the most important thing weve done since launching Slack itself, April Underwood, Slack's vice...

  • SAN FRANCISCO, Sept 12- Slack Technologies Inc on Tuesday announced support of four new languages and a Shared Channels feature that allows employees of different companies to work together on the popular workplace communication software. We believe this is the most important thing weve done since launching Slack itself, said April Underwood, Slack vice...

  • LONDON, Sept 12- Germany's Mercedes-Benz Trucks signed a contract on Tuesday with Tehran- based automaker Iran Khodro, parent company Daimler AG told Reuters, laying the foundation for resuming distribution of its trucks in Iran. The deal between Iran Khodro and Mercedes-Benz Trucks includes creating a joint company that provides sales and after-sale...

  • *Tata Steel receives approval for UK pension deal. FRANKFURT/ DUESSELDORF, Sept 11- Thyssenkrupp may reach an agreement in principle this month to merge its European steel business with that of Tata Steel, the group said on Monday, adding talks were constructive and had entered the final stretch. A spokeswoman for Thyssenkrupp said the companies were close to a...

  • *Tata Steel receives approval for UK pension deal. FRANKFURT/ DUESSELDORF, Sept 11- Thyssenkrupp could reach an agreement in principle this month to merge its European steel business with that of Tata Steel, the group said on Monday, adding talks were constructive and had entered the final stretch. That hurdle was removed after Tata Steel on Monday received...

  • People familiar with the matter had told Reuters last year that SocGen was selling the stake- a mutual fund joint venture with China's Baosteel Group- to Warburg Pincus. In 2003, it teamed up with state-owned Baosteel Group, which operates China's second-largest steelmaker, to create joint venture Fortune SG Fund Management. But cut-throat competition from...

  • NEW YORK, Sept 8- U.S. blockchain startups R3 Holdco LLC and Ripple Labs Inc are suing each other over an options contract to purchase Ripple's digital currency XRP, according to lawsuits filed on Friday. In September 2016, the two companies entered an agreement giving R3 the right to purchase up to 5 billion XRPs for $0.0085 per unit until September 2019, according...

  • BEIJING, Sept 8- A group of independent Chinese oil refiners is clubbing together to survive an onslaught by state-owned giants and the rise of private chemical giants, but industry analysts said the new alliance may find it hard to stick. Less than two years after becoming some of China's newest crude oil importers, around 20 independent plants in the eastern...

  • BEIJING, Sept 8- A group of independent Chinese oil refiners is clubbing together to survive an onslaught by state-owned giants and the rise of private chemical giants, but industry analysts said the new alliance may find it hard to stick. Less than two years after becoming some of China's newest crude oil importers, around 20 independent plants in the eastern...

  • FRANKFURT, Sept 6- European satellite launching firm Arianespace said it had called off the launch of two communications satellites seconds before lift-off on Tuesday, citing unspecified problems. An Ariane 5 heavy-launcher rocket had been due to take off from Europe's spaceport in French Guiana, carrying satellite Intelsat 37 e for Intelsat and BSAT-4a...

  • *Board hopes to vote on new Western Digital plan next week-source. *Western Digital offering to drop out of bid but with conditions. TOKYO, Sept 6- Toshiba Corp's board, under pressure to clinch a deal for its prized memory chip unit soon, met on Wednesday to review a revised bid proposed by Western Digital Corp but no agreement was reached, people familiar with matter...

  • *Japan sales start Oct. 2, other countries from early 2018. CHIBA, Japan, Sept 6- Nissan Motor Co Ltd launched a revamped version of its Leaf electric vehicle on Wednesday, going head-to-head with Tesla Inc's Model 3 and hoping to beat off criticism of limited driving ranges dulling EVs' mass-market appeal. The new Leaf, on sale in Japan from Oct. 2 and elsewhere early...

  • FRANKFURT, Sept 4- Estonian start-up Taxify is to go head to head with Uber in London's highly competitive taxi-hailing market, and also has Paris in its sights. It marks a major move forward for Taxify after missteps by the Silicon Valley giant already allowed it to make inroads in several cities in central and eastern Europe and Africa. In London, it enters a...

  • NEW DELHI, Sept 1- Sweden's Saab will tie up with India's Adani Group to bid for a contract to make fighter aircraft in India, its chief executive said on Friday, pitting it against Lockheed Martin in a race to equip India's air force with new jets. Saab and Lockheed have both offered to build a single-engine aircraft locally to comply with Prime Minister Narendra...

  • NEW DELHI, Sept 1- Sweden's Saab will tie up with India's Adani Group to bid for a contract to make fighter aircraft in India, its chief executive said on Friday, pitting it against Lockheed Martin in a race to equip India's air force with new jets. Saab and Lockheed have both offered to build a single-engine aircraft locally to comply with Prime Minister Narendra...

  • TOKYO, Aug 31- Toshiba Corp failed to seal a deal to sell its prized chip business by an internal deadline of Thursday, raising doubts about whether it can plug a balance sheet hole in time to avoid a delisting and keep the unit competitive. The embattled Japanese conglomerate said in a statement it has tried but so far not come to an agreement and it was continuing to...

  • *Saab-Adani to bid to build jets under India's new defence policy. NEW DELHI, Aug 31- Sweden's Saab will tie up with India's Adani Group to bid for a contract to make fighter aircraft in India, an aerospace consultant aware of the proposed partnership told Reuters on Thursday. The Saab-Adani partnership would be aimed at producing planes under India's new "...