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Business Strategy Strategic Alliances

  • The new arbitration requests, filed in the International Court of Arbitration that oversees the companies' agreement, seeks to stop Toshiba from investing in the so-called Fab 6 facility in Yokkaichi, Japan, unless Western Digital's subsidiary Sandisk is also allowed to invest. The court, a branch of the International Chamber of Commerce, is an institution for...

  • The new arbitration requests, filed in the International Court of Arbitration that oversees the companies' agreement, seeks to stop Toshiba from investing in the so-called Fab 6 facility in Yokkaichi, Japan, unless Western Digital's subsidiary Sandisk was also allowed to invest. The court, a branch of the International Chamber of Commerce, is an institution...

  • *$18 bln agreement follows dramatic twists. TOKYO, Sept 20- Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange. It's unclear whether the sale to the Bain Capital- led group will proceed...

  • *$18 bln agreement follows dramatic twists. TOKYO, Sept 20- Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange. It's unclear whether the sale to the Bain Capital- led group will proceed...

  • *See annual synergies of 400- 600 million euros. FRANKFURT, Sept 20- Thyssenkrupp and Indian peer Tata Steel on Wednesday struck a preliminary agreement to combine their European steel operations in a 50-50 joint venture, creating the continent's No.2 steelmaker after ArcelorMittal. The MoU, widely expected after Thyssenkrupp last week said a deal could still...

  • FRANKFURT, Sept 20- Thyssenkrupp and Indian peer Tata Steel on Wednesday signed a memorandum of understanding to combine their European steel operations in a 50-50 joint venture, the German company said in a statement on Wednesday.

  • *Operations outside US, Canada not part of bankruptcy. Sept 18- Toys' R' Us Inc, the largest U.S. toy store chain, filed for bankruptcy protection late Monday, the latest sign of turmoil in the retail industry that is caught in a viselike grip of online shopping and discount chains. Toys' R' Us received a commitment for over $3 billion in debtor-in-possession financing...

  • Sept 18- Toys' R' Us Inc, the largest U.S. toy store chain, filed for bankruptcy protection on Monday, the latest sign of turmoil in the retail industry caught in a viselike grip of online shopping and discount chains. The retailer's operations outside of the United States and Canada, including about 255 licensed stores and joint venture partnerships in Asia, which...

  • HONG KONG, Sept 19- China's Tencent Holdings and Guangzhou Automobile Group Company Ltd have agreed to collaborate on internet-connected cars- a strategic pact that sent shares in Guangzhou Auto surging. Earlier this year, Tencent bought 5 percent of U.S. electric car maker Tesla Inc for $1.78 billion. Hong Kong- listed shares of Guangzhou Auto were trading 5...

  • MUMBAI/ DETROIT, Sept 18- Ford Motor Co and Indian vehicle maker Mahindra and Mahindra Ltd said on Monday they will launch a strategic alliance to counter challenges posed by fast-changing technology and global competition. One potential benefit to Ford of a partnership with Mahindra is access to lower cost electric vehicle designs and local suppliers it...

  • MUMBAI/ DETROIT, Sept 18- Ford Motor Co and Indian vehicle maker Mahindra and Mahindra Ltd said on Monday they will launch a new strategic alliance, seeking technology sharing and cost saving in a range of activities from purchasing to development of electric vehicles. Investors are watching as Ford Chief Executive Jim Hackett, who took over in May, has begun to...

  • MUMBAI, Sept 18- Ford Motor Co and Indian vehicle maker Mahindra and Mahindra Ltd said on Monday they will launch a new strategic alliance, seeking technology sharing and cost saving in a range of activities from purchasing to development of electric vehicles. Investors are watching as Ford Chief Executive Jim Hackett, who took over in May, has begun to steer the...

  • This is the second time the two would be joining forces in India, Ford having re-entered India in the 1990 s through a joint venture with Mahindra before eventually expanding to manufacture and sell vehicles on its own. The new alliance comes as foreign car makers like Fiat Chrysler, Volkswagen and General Motors have struggled in India where nimbler rivals...

  • An alliance would also come as foreign car makers such as Volkswagen, General Motors and Fiat Chrysler have struggled in India where nimbler rivals such as Maruti Suzuki and Hyundai Motor have cornered roughly two-thirds of the market. In May, General Motors said it would stop selling cars in India from the end of this year, drawing a line under two decades of...

  • MUMBAI, Sept 18- Indian automaker Mahindra and Mahindra Ltd and Ford Motor Co said on Monday the two companies are exploring forming a strategic alliance. "The agreement of intent between the two companies will allow each to leverage their mutual strengths during a period of unprecedented transformation in the global automotive industry," the two companies...

  • *Sukuk holders propose settlement to Dana Gas. *Orascom Construction up after JV signs $320 mln deal. DUBAI, Sept 14- Telecommunications shares weighed on the Saudi Arabian stock market on Thursday after authorities moved to remove the ban on voice and video calls over the Internet, while Qatar continued to fall as foreign buyers intensified their selling.

  • 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...

  • 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...