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    News and Articles on Joint Venture

    Archives: Joint Venture

    M&M plans a drive in fast lane  Sep 8, 2008
    "We are working on how to take the relationship forward. The attempt is to see whether Mahindra's joint venture with Renault could be the distribution channel for all of Renault products in India... We are talking to Renault very seriously right now," Pawan Goenka, president of Mahindra's automotive business, told TOI. A distribution agreement is also expected to lead to joint badging, cars sporting both Renault and Mahindra brand names ... "We are having discussions with the Mahindra group and... (India Times, India -- Intl Business)

    Sasol Limited Financial Results for the Year Ended 30 June 2008  Sep 8, 2008
    A 50% alcohols joint venture plant with a capacity of 60 000 tons per annum was successfully commissioned in Lianyangang, China ... On 13 November 2007, Sasol Chemical Industries Limited disposed of its joint venture investment in African Amines (Pty) Limited in South Africa and realised a loss of R3 million ... On 24 January 2008, Sasol Solvents, a division of Sasol Chemical Industries Limited acquired the remaining 50% interest in Sasol Dia Acrylates after Sasol Solvents and Mitsubishi... (PR Newswire)

    BHEL, L&T and NPCIL gain on NSG nod  Sep 8, 2008
    And to ensure suppliers of necessary equipment, BHEL and NPCIL already has an equal joint venture for manufacturing nuclear reactors, point out analysts. Nevertheless, in a bid to leverage potential opportunities over the next 5 10 years, once the sector is opened up, Indian private sector companies are aggressively gearing up. (India Times)

    Government Seizes Fannie Mae, Freddie Mac  Sep 8, 2008
    is a joint venture between. and Hearst SM Partnership. (Fox News)

    U.S. Seizes Fannie, Freddie  Sep 8, 2008
    " The implications to consumers and taxpayers are not immediately clear. Unlike the bailout of Chrysler in the early 1980s or the Airlines after 9/11 where the amount of money loaned to Corporate America was clear, the U.S. government could be on the hooks for potential losses that could linger for years. Paulson could not provide an estimate of how much the plan would cost taxpayers. Mortgage rates are expected to be unaffected in the short-term. Market Snapshot Symbol Last Price Netchange... (Fox News)

    Ad group opposes Yahoo-Google partnership  Sep 8, 2008
    com is a joint venture of Microsoft and NBC Universal. . (MSNBC -- Politics)

    Iraqi Cabinet Approves Initial Gas Deal With Shell  Sep 8, 2008
    Iraqi Cabinet approves initial joint venture gas deal between Oil Ministry and Shell ... Iraq's Cabinet approved an initial gas agreement Sunday between the Oil Ministry and Royal Dutch Shell PLC to invest in a joint venture to tap natural gas in southern Iraq, a government statement said ... The agreement calls for establishing a joint venture between the state-run South Oil Co. and Shell to exploit the fields, the statement added without any other details. (ABC News -- Wire)

    Conoco to Pay up to $8 Billion for Origin Venture  Sep 8, 2008
    "The joint venture combines Origin's extensive CSG reserves and resources and operational capabilities, with ConocoPhillips' proven LNG and CSG development and operating capabilities," Origin Managing Director Grant King said in a statement. "We believe the joint venture will deliver both companies with a strong and competitive position in a rapidly growing market for LNG.". (ABC News -- Wire)

    CIL looking at jt ventures to revive abandoned mines  Sep 8, 2008
    Coal India Ltd (CIL), which had floated a global expression of interest (EoI) for reopening some of its abandoned mines through joint ventures with private companies, will give preference to companies offering reciprocal opportunities for development and operation of abandoned coal mines abroad. Such development of foreign mines would be undertaken by the same joint venture companies, officials said ... There would be more than one joint venture and there could even be one each for every mine,... (Moneycontrol.com)

    Reliance Gets Stake in Cricket Site  Sep 8, 2008
    Reliance has so far focused its U.S. efforts on Hollywood, including plans for a joint venture with Steven Spielberg and his DreamWorks SKG team, and partnerships with production houses run by Nicolas Cage, Tom Hanks and other big U.S. stars. It is also hunting for U.S. acquisitions in the mobile-content market, including game publishers and companies that distribute ringtones and wallpaper for cellphones. (Wall Street Journal)

    Last-ever Look At ESA's Gravity Satellite GOCE  Sep 8, 2008
    The launcher is operated by Eurockot Launch Services, a joint venture between EADS Astrium and the Khrunichev Space Centre (Russia). The sleek high-tech GOCE satellite embodies many firsts in terms of its design and use of new technology in space to map Earth's gravity field in unprecedented detail. (Science Daily)

    3rd UPDATE: Conoco, Origin To Form JV; May Scuttle BG Bid  Sep 8, 2008
    They plan to create an equal joint venture, with Origin developing CSG production, which would fuel a liquified natural gas plant operated by ConocoPhillips ... 15 billion in joint venture expenses ... Origin rejected the bid by BG Group as undervaluing its existing business and "outstanding" prospects earlier this year, and launched a search for an oil and gas joint venture partner to help build the LNG plant. (CNNMoney.com)

    Aevum stake the key in B&B aged care battle  Sep 8, 2008
    If BBC takes up the Aevum rights, it could form a joint venture with Aevum and become a much bigger prize in the fragmented industry. Together, BBC and Aevum could command as much as 30 per cent of the retirement property sector. (Sydney Morning Herald)

    Nigeria, EU officials to hold talks on energy  Sep 8, 2008
    The delay was basically caused by some regulatory issues as regards exports", he said. An attack in June on the company's Bonga field, located 75 miles offshore destroyed the myth that offshore oilfields are safe and some operators have remained skeptical of the government's ability to end the crisis in Nigeria's oil heartland. Continued financing issues between NNPC and its joint venture partners, future constraints on production due to OPEC allocations and unceasing supply have threatened... (Guardian News, Nigeria)

    SemIndia forms JV with Singapore's Jurong Technologies  Sep 8, 2008
    BANGALORE, India SemIndia has entered into a joint venture (JV) with Singapore-based Jurong Technologies Industries Corp. (JTIC), part of Singapore's leading corporate house Jurong Group, to manufacture modules for cell phones, set-top boxes and devices and equipment ... "What the joint venture is planning to do is combine these two into one module, completely configure it and then certify it," Kondamoori said. (EETimes)

    Project aims at 32nm mask lithography and beyond  Sep 8, 2008
    The AMTC is a joint venture of microprocessor vendor AMD, memory chip maker Qimonda and Toppan Photomasks, Inc. The project is in line with the goals of the EU's ENIAC research support program. Within the program, AMTC will analyze and develop the basic principles of manufacturing 32/22nm photomasks. (EETimes)

    China is tough territory for foreigners' firms  Sep 8, 2008
    But possibly more galling for Danone is its ongoing battle with one of its Chinese joint venture partners ... The joint venture between Zong Qinghou and Danone was set up in 1996 when Zong approached Danone for capital to launch a bottled water operation ... Wahaha was prohibited from making products that competed with those produced by the joint venture and from using the Wahaha brand without Danone's consent. (Business Report, South Africa)

    ConocoPhillips to pay US$8bln for stake in Origin gas scheme  Sep 8, 2008
    "We believe the joint venture will deliver both companies with a strong and competitive position in a rapidly growing market for LNG," he said ... The joint venture, which underscores growing global interest in cleaner fuels, could also help stymie a 13 ... The joint venture will comprise of coal bed methane development, operated by Origin, and an LNG scheme operated by ConocoPhillips, which will market the gas in Asia from its new hub. (Yahoo! Asia News)

    Beetle-killed wood has 'potential' as newsprint  Sep 8, 2008
    While the beetle's advance into Alberta has slowed, the Canadian pulp and paper business has to be ready for the worst-case scenario, said Ron Stern, chief executive officer of Alberta Newsprint Co., which is a joint venture of Mr. Stern's private equity company and West Fraser Timber Co. Ltd. "One of the risks is that it goes right across Canada," Mr. Stern said in an interview. "It's very important if we can determine if this technology allows you to maintain your quality while processing... (Globe and Mail)

    S A Aiyar: Singur's lessons  Sep 7, 2008
    Villagers have spurned joint venture proposals in which paper companies offer them a share of the benefits they simply do not trust the government or corporations ... Consider the four biggest plants coming up in the US. A joint venture headed by Spain's Abengoa Solar will use 1,800 acres to generate 280 MW, starting 2011. (India Times, India)

    United Launch Alliance Successfully Launches GeoEye-1 Commercial Satellite  Sep 7, 2008
    For more information on the ULA joint venture, visit the ULA website at or call the ULA Launch Hotline at 1-877-ULA-4321 (852-4321). SOURCE United Launch Alliance. (PR Newswire)

    JP Morgan JV Yes Bank for travel card  Sep 7, 2008
    The bank will act as a facilitator to set up joint venture partnerships for the latter in the domestic wind energy market. Yes bank has targeted to set up four joint venture partnerships within the 18 months which will involve an investment of Rs 1,000 crore, bank officials said. (India Times)

    GeoEye launches high-resolution satellite  Sep 7, 2008
    September 6, 2008 in. 57 p.m. EDT) with the GeoEye-1 satellite from Space Launch Complex-2 at Vandenberg Air Force Base, California, September 6, 2008. (Scientific American)

    DSG Sought Bid From Media Markt, but Rebuffed: Report  Sep 7, 2008
    Both DSG and Media Markt face fresh competition next year, when U.S. group Best Buy , the world's biggest electrical goods retailer, opens its first store in Europe as part of a joint venture with Britain's Carphone Warehouse announced earlier this year. 1. (ABC News -- Wire)

    * BP-TNK deal good for foreign firms, Lukoil official says  Sep 7, 2008
    An agreement putting to rest a bitter fight between Britains BP and Russian investors over a joint venture shows that foreign companies can invest with confidence in Russias energy sector, a top official with Russias biggest independent oil producer said on Friday. The BP situation is moving toward an agreement, which is obviously a positive sign for the Russian investment climate, OAO Lukoil deputy vice president Andrei Gaidamaka told reporters in an interview in New York. (Taipei Times, Taiwan -- World)

    Vodafone gets Crazy and is on the lookout for more 3G customers  Sep 7, 2008
    Optus ran into similar problems when it bought out Richard Branson in its Virgin Mobile joint venture. There is little doubt Vodafone will rip out layers of middle management and integrate office functions with its own. (The Australian)

    Sales rumor sends SanDisk shares soaring  Sep 7, 2008
    Samsung is the world's No. 1 chip supplier, but SanDisk has a joint venture fabrication plant with Toshiba, a competitor to Samsung. Prices for flash memory have fallen this year due to a glut in supply, which SanDisk CEO Eli Harari has attributed in part to lower demand because of the weakening U.S. economy. (San Francisco Chronicle)

    Adventurer Takes Solar-Powered Joy Ride  Sep 7, 2008
    Twenty-two years later, the bright lines of his colored pencils have come to life as a joint venture between four Swiss universities. The project took three years and grew to include more than 200 students. (ABC News)

    Toyota revises target on sluggish mkt  Sep 6, 2008
    We were being too optimistic earlier, Vikram Kirloskar, V-C of Toyotas Indian joint venture Toyota Kirloskar Motors (TKM), said. He listed slow product introduction behind the companys poor run in India. (India Times, India -- Intl Business)

    OneChicago Reports August Volume  Sep 6, 2008
    OneChicago is a joint venture of the world's premier options and futures exchanges: Chicago Board Options Exchange (CBOE), Chicago Mercantile Exchange (CME) and Chicago Board of Trade (CBOT) ... OneChicago is a joint venture of IB Exchange Corp., the Chicago Board Options Exchange Incorporated(R) (CBOE(R)), and CME Group. (PR Newswire)

    BusinessWeek Names Fisher Investments One of 'The Best Places to Launch a Career' in 2008 Survey  Sep 6, 2008
    In addition to its U.S. business, Fisher Investments has operations in Britain and a joint venture affiliate in Germany. Mr. Fisher has published four books on finance and investments and many academic articles including the 2007 New York Times Bestseller, "The Only Three Questions That Count." His upcoming book, "The Ten Roads to Riches," hits bookstores on October 20, 2008. (PR Newswire)

    Disparity in Road Home distribution raises questions  Sep 6, 2008
    My brother in law, who lived one block over, who had been a partner at Lloyds(oL, and then the CEO of a joint venture involving LoL) even though he has his ear ever so close to the ground, he couldn't get a decent rate either post-Katrina, (btw they picked up the difference, then told him they were moving him and the entire office to Houston). Inappropriate. (Yahoo News -- Tropical Storms and Hurricanes)

    BP's Russian defeata market victory  Sep 6, 2008
    Robert Dudley, chief executive of TNK-BP - the 50/50 joint venture BP has operated for five years with Fridman, Len Blavatnik and Victor Vekselberg - has also been using several quaint contrivances to defy the laws of gravity ... Other reported provisions indicate that the holding company for the joint venture will now have three independent directors and four each for BP and TNK-BP. But the affiliated and subsidiary companies will remain at parity between the Russian shareholders and BP. BP... (Asia Times Online)

    German Stocks Fall to Seven-Week Low; Hypo Real Estate, Deutsche Bank Drop  Sep 6, 2008
    UBS lowered its recommendation for STMicroelectronics NV, Europe's largest chipmaker, to ``sell'' from ``neutral,'' citing a more negative outlook for global semiconductors and concern about the company's wireless joint venture. ThyssenKrupp AG, Germany's largest steelmaker, lost 1. (Bloomberg -- Germany)

    Economic slowdown: Now, retail becomes a luxury  Sep 6, 2008
    Business structures being considered include a franchisee model to start with, which could later be converted into a joint venture if the two partners consider it worthwhile. Also Read. (India Times)

    Stepan, Nalco Holdings form energy-related JV  Sep 6, 2008
    (AP) Chemical company said Friday it formed a global joint venture with to market chemicals designed to increase crude oil and gas production from existing fields ... The joint venture will operate under the Tiorco brand ... The joint venture will be equally owned and controlled by Nalco and Stepan. (Crain's Chicago Business)

    Burgers paid for by mobile phone  Sep 6, 2008
    The joint venture between McDonalds and DoCoMo - worth 300 million yen - will see McDonalds Japan holding a 70% stake, with DoCoMo owning the rest. It is due to begin in July of this year. (Yahoo News -- Wireless Technology)

    Employment Report Opens Doors for More Negative News  Sep 6, 2008
    " by Karl Case Friday, September 12 Retail Sales (August) Total July actual: DOWN 0.1% August consensus: UNCHANGED Ex-auto July actual: UP 0.4% Producer Price Index (August) Finished Goods All Items M-M / Y-Y July actual: UP 1.2% / 9.8% August consensus: DOWN 0.3% / 10.4% Finished Goods Core M-M / Y-Y July actual: UP 0.7% / 3.6% August consensus: UP 0.1% / 3.6% University of Michigan Consumer Sentiment (September Prelim) August actual: 63.0 UP 1.8 from July September consensus: 64.5... (Fox News)

    Stocks Climb Back From Earlier Losses  Sep 6, 2008
    "We have had a lot of damage done in the shortened week. Thank God it was a short week. Fed Fund Futures, a security traded in Chicago that bets on the direction the Federal Reserve will move interest rates, were reflecting a chance that central bank might cut rates by the end of the year. The markets, however, are giving no indication that the Fed will raise rates to combat inflation. In the commodities markets, oil and gold continued their week-long slump. Oil fell $1.47 to $106.40 a barrel... (Fox News)

    UC Davis signs lease for West Village project  Sep 6, 2008
    West Village Community Partnership is a joint venture of Urban Villages of Denver and of San Francisco. Reader Comments. (Sacramento Business Journal, CA)

    Napster faces challenges within and without  Sep 6, 2008
    Primary rival Rhapsody America is a joint venture between two much larger companies, RealNetworks and MTV.. And new competition from ad-supported streaming sites like imeem and Last. (Scientific American)

    Donner Provides Initial Results From a Single Drill Hole Program on the Donner/Commander Joint Venture Property at South Voisey Bay  Sep 6, 2008
    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 5, 2008) - Mr. Harvey Keats, Chief Executive Officer of Donner Metals Ltd. (TSX VENTURE: - ; FRANKFURT: - ), reports that Donner has received preliminary results for a single drill hole completed by its partner Commander Resources Ltd. at South Voisey Bay on the joint venture property owned by Donner (51 ... 4% interest in the Donner/Northern Abitibi joint venture (DNA) and a 51 ... 7% interest in the Donner/Commander joint venture. (CCNMatthews Press Releases)

    TSX Venture Exchange Daily Bulletins for September 5, 2008  Sep 6, 2008
    To earn an initial 60% interest, the Company must make the cash payment of $250,000, expend the work commitments of which $500,000 must be expended prior to January 2009, and issue 4,000,000 shares on the first anniversary at which time the Company may elect to initiate a 60/40% Joint Venture of which Xemplar will be carried for the first $1,000,000 in expenditures, or deliver 6,000,000 common shares to obtain a 100% interest in the property. If the Company elects to earn a 100% interest, a 3%... (CCNMatthews Press Releases)

    Pickens touts energy plan; hints at deal with Irwin Jacobs  Sep 6, 2008
    Jacobs, owner of many businesses including Minneapolis-based boat maker Genmar Corp. and natural products manufacturer Watkins Inc. based in Winona, said he s working on a wind-energy related joint venture with Pickens, but he declined to give more details. It is in the wind energy area and its just something that I can t get into at this time. (Twin Cities Business Journal, MN)

    Wind turbine hearing Monday  Sep 6, 2008
    The private project on the Graham Waste Services site is a joint venture between CCI-Energy, Palmer Capital, Lumus Construction and Emergent Energy. Graham Waste business and landowner, Paul Barry, has leased the land to the developers. (Cohasset Mariner, MA)

    Samsung eyes possible acquisition of SanDisk  Sep 6, 2008
    SanDisk has close ties to Toshiba, a rival to Samsung, and the two jointly operate flash memory production factories through their Flash Alliance joint venture. They also closely cooperate on design and development of new memory chips so an acquisition by Samsung could mean big competitive changes in the memory chip market. (InfoWorld)

    For Whom the Smell Tolls  Sep 6, 2008
    8 Stocks for Seekers of Small-Cap Values (Inter Parfums) at SmartMoney. Saturday September 6, 2008 10:17 AM ET. (SmartMoney)

    Memories of Corvallis legend Jim Howland (53)  Sep 6, 2008
    In a partnership with Kaiser Group Holdings, the joint venture completed the project in 2005, shaving more than 60 years off the original schedule and saving taxpayers 30 billion. A few years ago, a friend who worked for CH2M Hill explained that Jim was looking for someone to volunteer their services to create a video about the slide show he had produced about his years working with the Madison Avenue Task Force. (Corvallis Gazette Times, OR)

    Astro breaks tie with Lippo over $245m bill  Sep 6, 2008
    According to recent Malaysian media reports, the break up of Astro's joint venture is the latest in a series of business rows between Lippo Group -- now under the helm of James Riady -- and the Malaysian business group controlled by high-profile tycoon Ananda Krishnan ... In 2004, Astro was invited by Lippo to become a strategic partner in DV. The two companies entered into an agreement on March 11, 2005 for the establishment of a joint venture to operate a cable TV business in Indonesia through... (Jakarta Post, Indonesia)

    Verizon Wireless to close St. Louis call center  Sep 6, 2008
    Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of (NYSE: VZ) and Vodafone (NYSE and LSE: VOD). Reader Comments. (St. Louis Business Journal, MO)

    Samsung Electronics considers buying SanDisk  Sep 6, 2008
    SanDisk currently gets most of its flash memory chips from its joint venture partner, , although Samsung is also among its suppliers. "If Samsung succeeds in acquiring SanDisk at a reasonable price, this will be positive for both the overall memory market as well as for Samsung," C.W. Chung, an analyst at Lehman Brothers told the Wall Street Journal. (East Bay Business Times, CA)

    Probe widens on Vytorin safety  Sep 6, 2008
    Merck and Schering-Plough sell Vytorin and Zetia through a joint venture. The two drugs last year brought in $5. (CNN -- Health)

    SemIndia forms JV with Singapore's Jurong Technologies  Sep 6, 2008
    BANGALORE, India SemIndia has entered into a joint venture (JV) with Singapore-based Jurong Technologies Industries Corp. (JTIC), part of Singapore's leading corporate house Jurong Group, to manufacture modules for cell phones, set-top boxes and devices and equipment ... "What the joint venture is planning to do is combine these two into one module, completely configure it and then certify it," Kondamoori said. (EETimes)

    Project aims at 32nm mask lithography and beyond  Sep 6, 2008
    The AMTC is a joint venture of microprocessor vendor AMD, memory chip maker Qimonda and Toppan Photomasks, Inc. The project is in line with the goals of the EU's ENIAC research support program. Within the program, AMTC will analyze and develop the basic principles of manufacturing 32/22nm photomasks. (EETimes)

    HRP Myrtle Beach Holdings, LLC Issues Current Report  Sep 6, 2008
    HRP Myrtle Beach Operations, LLC, a wholly-owned subsidiary of HRP, owns and operates Hard Rock Park (the Park), a rock-n-roll theme park in Myrtle Beach, South Carolina under a long term license agreement with Hard Rock Caf International (USA), Inc. The members of HRP Myrtle Beach Partners, LLC, the parent of HRP, are (i) HRP Executive Management Co., LLC, an entity owned by the Parks executive management team consisting of Steven Goodwin, Felix Mussenden and Jon Binkowski, who... (Yahoo! Wire -- Entertainment News)

    Day 1 of the 2008 Borgata Poker Open Draws a Record-Breaking 1,192 Players  Sep 6, 2008
    Borgata is a joint venture of Boyd Gaming Corporation (NYSE: - ) and MGM MIRAGE (NYSE: - ). Located at Renaissance Pointe in Atlantic City, it features 2,000 guest rooms and suites, 161,000 square feet of gaming, 200 gaming tables, 4,100 slot machines, 11 destination restaurants, 12 retail boutiques, a 54,000 square foot spa, 70,000 square feet of event space, and parking for 7,100 cars. (Yahoo! Wire -- Entertainment News)

    Fontana and Downtown Records Partner for Exclusive Distribution Deal  Sep 6, 2008
    Downtown is also a joint venture partner in RCRD LBL, the premiere online, ad-supported digital music label offering free downloads in a blog format. Source: Universal Music Group. (Yahoo! Wire -- Entertainment News)

    How Sweet The Sound Seeks Atlanta's Best Choir and No-Longer-Used Wireless Phones  Sep 6, 2008
    Headquartered in Basking Ridge, N.J., with 70,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE: - ) and Vodafone (NYSE and LSE: - ). For more information, go to. (Yahoo! Wire -- Entertainment News)

    Russian markets slide as ruble, oil weaken  Sep 6, 2008
    They have been battered in recent months by a power struggle over Anglo-Russian oil joint venture TNK-BP and Prime Minister Vladimir Putin's public assault on mining company Mechel, which has lost half its market value. The downward movement is likely to persist at least until the presidential election in the United States in November, said Maxim Osadchiy, chief analyst at investment bank Antanta Pioglobal. (San Diego Union-Tribune -- Business)

    Nix proposes regional tourism program that could save Town of Appomattox $100,000  Sep 6, 2008
    There would be a management fee of 20,000 for a one-year contract if Town officials were to decide to go on board with a joint venture. "To facilitate such a cooperative partnership, the Lynchburg CVB offers a management contract to Appomattox to oversee and sustain its now-established tourism program," said Nix. (Appomattox Times Virginian, VA)

    Oil and gas boom holds Pantech in good stead  Sep 6, 2008
    On its joint venture in Vietnam to set up manufacturing facilities, Tan said the group was evaluating the impact of inflation. The situation could be situational due to cyclical factors while the investments would be for long-term returns, he said. (The Star Online, Malaysia -- Business)

    Samsung Electronics considers buying SanDisk  Sep 6, 2008
    SanDisk currently gets most of its flash memory chips from its joint venture partner, , although Samsung is also among its suppliers. "If Samsung succeeds in acquiring SanDisk at a reasonable price, this will be positive for both the overall memory market as well as for Samsung," C.W. Chung, an analyst at Lehman Brothers told the Wall Street Journal. (San Jose Business Journal, CA)

    Aspen registers a further six generic antiretrovirals  Sep 6, 2008
    Stavros Nicolau, the deputy chairman of the National Association of Pharmaceutical Manufacturers, said the only other local manufacturer with a licence to offer combination drugs was Thembalami Pharmaceuticals, a joint venture between Adcock Ingram and Indian company Ranbaxy. He said the closing date for the state antiretrovirals tender was today, and there were four other extra tender points for local manufacture. (Business Report, South Africa)

    Chip off the Old Block  Sep 6, 2008
    Stanley and Lawrence founded Melco Crown as part of a joint venture with Australia's Publishing and Broadcasting Ltd., founded by the late billionaire Kerry Packer. (Kerry's son James is now co-chairman of Melco Crown. (Time.com)

    Max India, UK's Bupa ink health insurance JV  Sep 5, 2008
    Bupa will hold a 26% equity stake in the joint venture, Max Bupa Health Insurance Ltd, with Max India's holding at 50. Max India founder and chairman Analjit Singh and his family will hold 24% stake in the venture. (India Times, India -- Intl Business)

    Fiat wants to drive JLR with Tata  Sep 5, 2008
    NEW DELHI: After forming a joint venture with Tata Motors for cars in India, Italian auto major Fiat is now looking to partner the Indian company for Jaguar and Land Rover (JLR) brands and hopes to supply engines for the recently-acquired British marques ... Tata and Fiat already have a joint venture in India and have together invested close to Rs 4,000 crore at Ranjangaon in Maharashtra for a new car and engine plant. (India Times, India -- Intl Business)

    Global Payments Asia-Pacific Finalizes its Joint Venture Expansion into the Philippines  Sep 5, 2008
    HONG KONG, Sept. 4 /Xinhua-PRNewswire/ -- Global Payments Inc. (NYSE: GPN), a leading provider of electronic transaction processing solutions, announced today that its Asia-Pacific joint venture with The Hongkong and Shanghai Banking Corporation Limited ("HSBC"), Global Payments Asia-Pacific, has completed its agreement to expand into the Philippines to provide payment processing services to merchants. (Logo: ) "We are excited to complete the expansion of our joint venture with HSBC in the... (PR Newswire)

    Stepan and Nalco Create First Integrated Enhanced Oil Recovery Platform  Sep 5, 2008
    Sept. 4 /PRNewswire-FirstCall/ -- Stepan Company (NYSE: ) and Nalco Holding Company (NYSE: ) announced today the formation of a joint venture to globally market custom engineered chemical solutions for increased production of crude oil and gas from existing fields ... Operating under the Tiorco brand, the joint venture provides an integrated sales and service channel that benefits from Nalco's extensive reach in global upstream energy markets, its recently acquired EOR polymer and reservoir... (PR Newswire)

    Claire's Stores, Inc. Announces Its Second Quarter Earnings Conference Call  Sep 5, 2008
    Claire's Stores, Inc. operates through its subsidiary, Claire's Nippon, Co., Ltd., 205 stores in Japan as a 50:50 joint venture with AEON, Co., Ltd. The Company also franchises 175 stores in the Middle East, Turkey, Russia, Poland, South Africa and Guatemala. SOURCE Claire's Stores, Inc.. (PR Newswire)

    Federal bribery investigation goes beyond single case in Nigeria  Sep 5, 2008
    In March 1999, Stanley and others at KBR, together with other joint venture officials, met with a Nigerian representative in London to negotiate a bribery amount ... And within days, the joint venture was awarded a $1. (Houston Chronicle)

    Allen & Overy Closes in on Sao Paulo Launch  Sep 5, 2008
    5 billion joint venture with to create the largest petrochemical complex in Latin America and the largest polypropylene plant in the world has generated roles for firms including Linklaters. s discussions with the Bolivian government for the renegotiation of its mining contracts and claim for expropriation of its Vinto tin smelter saw Freshfields acting. (Law.com)

    Disparity in Road Home distribution raises questions  Sep 5, 2008
    My brother in law, who lived one block over, who had been a partner at Lloyds(oL, and then the CEO of a joint venture involving LoL) even though he has his ear ever so close to the ground, he couldn't get a decent rate either post-Katrina, (btw they picked up the difference, then told him they were moving him and the entire office to Houston). Inappropriate. (Yahoo News -- Tropical Storms and Hurricanes)

    Dragons' Dell is Sailor-made for finals  Sep 5, 2008
    Now with a record of 12 wins from as many games for the Dragons or their feeder teams in the Jim Beam Cup and Queensland Cup, Sailor boasts of being the joint venture club's lucky charm and is determined to extend his unbeaten run to tonight's final-round match against Sydney Roosters at the Sydney Football Stadium. But helping St George Illawarra secure a top-four berth if the Broncos lose to Newcastle in Brisbane isn't the 34-year-old dual international's only incentive. (Sydney Morning Herald -- Sport)

    Chestnut Hill Hospital shuttering obstetrics unit  Sep 5, 2008
    in a joint venture with the , has been considering closing its maternity unit for more than a year. It will no longer deliver babies after Nov. 4. (Philadelphia Business Journal, PA)

    Govt to rework method to rate JV FDI  Sep 5, 2008
    According to the proposed method, holding in downstream companies a subsidiary or a joint venture would be directly linked to holding in the upstream (or, parent) company ... Equity stakes acquired by domestic investors by taking loans from foreign joint venture partners are likely to be considered FDI.. (India Times)

    Bombardier may beat Boeing  Sep 5, 2008
    ATR, a joint venture of Italys Finmeccanica and Frances European Aeronautic, Defence e Company, is Bombardiers main competitor among turboprop makers. The Canadian company dominates in North America. (India Times)

    Burgers paid for by mobile phone  Sep 5, 2008
    The joint venture between McDonalds and DoCoMo - worth 300 million yen - will see McDonalds Japan holding a 70% stake, with DoCoMo owning the rest. It is due to begin in July of this year. (Yahoo News -- Wireless Technology)

    How to Major in 'Green'  Sep 5, 2008
    " Tom Lyon, director of the masters program at the University of Michigan -- which has been around for fifteen years -- had a similar story. Even five years ago, my students were doing self-directed career searches where they would make their own jobs, he said. Now big companies are coming to Michigan looking for candidates to fill sustainability analysts or sustainability managers. GE spokeswoman Lisa Lanspery said the company-wide EcoImagination campaign is an essential part of the... (Fox News)

    Nigeria:American Admits Bribing Officials  Sep 5, 2008
    The company was part of a four-company joint venture awarded four EPC contracts by Nigeria LNG Limited (NLNG) between 1995 and 2004 ... The Justice Department statement reads: "Stanley also admitted at crucial junctures before the award of the EPC contracts that he and others met with three successive former holders of top-level offices in the executive branch of the Nigerian government to ask the office holder to designate a representative with whom the joint venture should negotiate bribes to... (allAfrica.com)

    Inside Alaska business  Sep 5, 2008
    Preferred Mortgage has opened an office in Wasilla at 224 N. Yenlo St., Suite 33, space formerly occupied by Kelstar Alaska Mortgage Co. Preferred is a joint venture of Residential Mortgage and Dynamic Properties, said Roger Aldrich of Residential. The Preferred office plans to move in September to 892 E. USA Circle, Suite 101, in Wasilla as soon as remodeling of that new space is done, he said. (Anchorage Daily News)

    Tata Power buys 11.4% in Oz geothermal firm  Sep 5, 2008
    The funds from Tata Power will strengthen Geodynamics' financial position as it prepares to make an investment decision with joint venture partner Origin Energy on the construction of a 50-MW power plant in 2009, Geodynamics MD Gerry Grove-White said in a statement, adding that the project could likely cost about A$300 million. Geodynamics and Tata Power have also agreed to examine potential geothermal energy prospects outside Australia. (Economic Times)

    General Motors To Launch Two Car Models In 2010  Sep 5, 2008
    GM's president and managing director of India Karl Sim said that the company has a joint venture in china for small cars but it has not decided to produce such cars in India as existing models are already doing well. The president and COO of General Motors said that Indian market has great potential for the Chevrolet brand. (TopNews)

    * World Business Quick Take  Sep 5, 2008
    It will create a stable base from which to grow the joint venture to the benefit of everyone involved, including the Russian state for which strong capital investment and continued technical innovation to boost declining oil output are so important, BP chairman Peter Sutherland said in the statement. FINANCE. (Taipei Times, Taiwan -- World)

    * S Korea launches plan to become oil storage hub in Asia  Sep 5, 2008
    A joint venture contract was signed by state-run Korea National Oil Corp (KNOC), local refiner SK Energy, GS-Caltex, Oiltanking Asia Pacific and Glencore Singapore, officials said. KNOC agreed to hold a 29 percent stake in the joint venture, which will invest US$320 million to increase storage at the southern port of Yeosu to 6 million barrels by 2011. (Taipei Times, Taiwan -- World)

    * PRC steelmakers invest in new venture  Sep 5, 2008
    The project gives Wuhan Iron , also known as Wisco, an 80 percent stake in the joint venture through a cash investment, while Liuzhou Iron , or Liugang, will contribute all its net assets, Liugang said in a statement to the Shanghai Stock Exchange. The owner of Liugang, the regional state assets administration in Guangxi, in southwestern China, will hold a 20 percent stake in the venture, to be called the Guangxi Iron Group (sK), it said. (Taipei Times, Taiwan -- World)

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