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  • 08/14/2017 18:16:40

    PRESS DIGEST- British Business - Aug 15

    The following are the top stories on the business pages of British newspapers. The Times. - The joint heads of the newly merged Standard Life Aberdeen have vowed to continue in their shared role for another ten years. - Beny Steinmetz, an Israeli billionaire who has interests in iron ore and diamond mines, has been detained on suspicion of money laundering. The Guardian.

  • 08/14/2017 14:55:45

    BRIEF-Kadant acquires a leading expansion joint manufacturer

    Kadant Inc(KAI)- * Kadant(KAI) acquires a leading expansion joint manufacturer. * Kadant Inc (KAI) - deal for ‍$31 million in cash​. * Kadant Inc (KAI) - ‍announced completion of its acquisition of certain assets of Unaflex Llc​ Source text for Eikon: Further company coverage:

  • 08/11/2017 10:15:04

    Westlake Emerges as Preferred Subprime Lender for CARite

    Westlake Financial Services is the new leading provider of subprime and near-prime retail contract loans at CARite dealerships through a strategic partnership announced in a joint press release Thursday. Westlake snagged the preferred subprime lender slot over two larger players in the space. Ally Financial Inc. and Capital One AutoRead More

  • 08/07/2017 14:00:30

    UPDATE 1-Wells Fargo joint venture sued over merchant credit card fees

    NEW YORK, Aug 7 (Reuters) - A Wells Fargo Bank joint venture that provides credit card processing services to merchants across the country has been hit with a lawsuit accusing it of using misleading sales tactics and overbilling for its services.

  • 08/07/2017 10:36:00

    Wells Fargo joint venture sued over merchant credit card fees

    A Wells Fargo Bank joint venture that provides credit card processing services to merchants across the country has been hit with a lawsuit accusing it of using misleading sales tactics and overbilling for its services.

  • 08/04/2017 09:42:28

    Toyota to Take 5 Percent Stake in Mazda and Build Joint U.S. Plant

    The factory’s location has not been decided, but the automakers said that it would most likely cost $1.6 billion and would employ about 4,000 workers.

  • 08/04/2017 03:41:00

    Allianz agrees joint venture to form the third-largest property and casualty insurance company in UK

    German insurance titan Allianz said on Friday that it had agreed to create a joint venture and strategic partnership with British insurer LV=.

  • 08/03/2017 19:05:46

    Toyota to build $1.6 billion U.S. plant with rival Mazda: source

    WASHINGTON/DETROIT (Reuters) - Toyota Motor Corp and rival Mazda Motor Corp are expected to announce plans on Friday to build a $1.6 billion U.S assembly plant as part of a new joint venture, a person briefed on the matter said.

  • 08/03/2017 18:56:00

    Toyota, Mazda to build $1.6 billion plant in U.S. in joint venture

    Toyota Motor Corp. and Mazda Motor Corp. are expected to announce Friday plans to build a $1.6 billion assembly plant in the U.S. that would create 4,000 jobs and be up and running by 2021, according to a person briefed on the plans.

  • 08/03/2017 18:51:22

    UPDATE 2-Toyota to build $1.6 bln U.S. plant with rival Mazda -source

    WASHINGTON/DETROIT Aug 3 (Reuters) - Toyota Motor Corp and rival Mazda Motor Corp are expected to announce plans on Friday to build a $1.6 billion U.S assembly plant as part of a new joint venture, a person briefed on the matter said.

  • 08/03/2017 15:18:33

    Boeing wins $409 million contract to develop next-generation technologies: Pentagon

    WASHINGTON (Reuters) - Boeing Co has been awarded a $409 million Air Force contract for next-generation thermal, power and controls, part of a government and industry joint effort to develop revolutionary and innovative technologies, the Pentagon said on Thursday.

  • 08/02/2017 12:00:03

    Risks of large syndicated bank loans remain high, regulators say

    Risk in the portfolio of large syndicated bank loans declined a bit in the past year but still remains elevated, according to a joint annual report from three U.S. bank regulatory agencies released Wednesday. The high level of credit risk "stems mostly from distressed borrowers in the oil and gas sector," and other industry sector borrowers exhibiting excessive leverage," the report said. Since 2014, the decline in oil prices has led to a significant increase in adversely rated credits, the report said. The agencies noted $317 billion of leverage loans are in the lowest pass rating category "raising additional supervisory concerns should economic conditions decline." Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/01/2017 15:50:59

    BRIEF-Unifi to form joint venture in Guatemala

    * Unifi Inc - ‍signed a non-binding letter of intent to form a joint venture in Guatemala with owners of Complast S.A and Technologia Textil Avanzada​

  • 08/01/2017 09:55:51

    No plan yet on Kushner's flagship Manhattan tower -Vornado CEO

    The fate of the flagship Manhattan office tower partially owned by the family of President Donald Trump's son-in-law, Jared Kushner, is still being debated, a joint owner of the building said on Tuesday.

  • 07/28/2017 16:12:32

    UPDATE 2-Toshiba to give Western Digital notice on closing memory sale

    July 28 (Reuters) - Toshiba Corp has agreed to give Western Digital Corp two weeks' notice before closing any sale of a memory chip unit that would involve transferring joint venture shares that Western Digital claims give it a say in the $18 billion sale of the unit.

  • 07/28/2017 16:12:01

    BRIEF-Toshiba comments on benefits of joint stipulation with SanDisk

    * Toshiba - Co and SanDisk/Western Digital have reached agreement that removes need for further action by court on SanDisk's request for preliminary injunction

  • 07/28/2017 15:47:06

    Toshiba to give Western Digital notice on closing memory sale

    (Reuters) - Toshiba Corp has agreed to give Western Digital Corp two weeks' notice before closing any sale of a memory chip unit that would involve transferring joint venture shares that Western Digital claims give it a say in the $18 billion sale of the unit.

  • 07/28/2017 15:21:03

    Honeywell wins $409 million U.S. defense contract -Pentagon

    WASHINGTON, July 28 (Reuters) - Honeywell International Inc was awarded a $409 million contract for the Next Generation Thermal, Power, and Controls program, "a multiple government agency and industry joint effort to develop revolutionary and innovative technologies by 2024 timeframe," the Pentagon said in a statement on Friday.

  • 07/27/2017 12:10:57

    White House, lawmakers drop border adjustment tax from reform plan

    The Trump administration and top lawmakers working on a tax overhaul said Thursday their goal is to reduce tax rates "as much as possible" and create a system that encourages U.S. companies to bring back profits "trapped overseas." In a short joint statement, Treasury Secretary Steven Mnuchin, House Speaker Paul Ryan and other officials also said they had decided to set aside the so-called border adjustment tax. They said they expect legislation to move through relevant congressional committees "this fall." Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 07/27/2017 11:26:16

    Air France-KLM says Alitalia woes helped drive transatlantic shake-up

    PARIS, July 27 (Reuters) - Air France-KLM said Alitalia's precarious situation was one element of its plans to set up a new transatlantic joint venture with Delta Air Lines and Virgin Atlantic, with financial considerations and consolidation also playing a role.

  • 07/27/2017 05:21:49

    Starbucks to become full owner of its China joint venture for $1.3 billion in cash

    Starbucks Corp. said Thursday it is acquiring the 50% stake in its East China joint venture it does not already own for about $1.3 billion in cash. The company will assume 100% ownership of about 1,300 Starbucks stores in Shanghai and Jiangsu and Zhejiang Provinces. The coffee store chain said it is still committed to operating more than 5,000 stores in Mainland China by 2021. The company said it's also acquiring a 50% stake in its Taiwanese joint venture for about $175 million. The Taiwan venture operates about 410 stores in Taiwan. "Full ownership will give us the opportunity to fully leverage our robust business infrastructure to deliver an elevated coffee, in-store third place experience and digital innovation to our customers, and further strengthen the career development opportunities for our people," said Belinda Wong, chief executive, Starbucks China, in a statement. The company will update investors on the impact the deals will have on earnings on its third fiscal quarter call later Thursday. Shares were up 0.5% in premarket trade, and have gained 4.4% in 2017, while the S&P 500 has gained 11%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 07/27/2017 00:12:35

    Saudi's Sadara starts first polyols plant in Saudi Arabia

    Sadara Chemical Co, a $20 billion joint venture between Saudi Aramco and U.S. firm Dow Chemical (DOW), has started production at its polyols plant, the first in Saudi Arabia. Sadara has been announcing the start up of new plants in its complex, which it says is the world's largest petrochemical facility to be built in a single phase.

  • 07/26/2017 17:00:21

    Some Chinese electric car makers mull alliance to save money, time

    * Signs that nascent EV industry already consolidating. * EV start-ups aim joint development of car platform. * Start-ups aim to seal deal JV deal by end-September. * WM Motor says interested, but unlikely to join for now. By Norihiko Shirouzu.

  • 07/25/2017 22:31:57

    BRIEF-Praj Industries says Praj-Gevo joint development deal to enter commercialization phase

    * Says Praj-Gevo joint development agreement to enter commercialization phase

  • 07/23/2017 23:31:17

    Oil gains ahead of producer meeting; Nigeria, Libya output in focus

    TOKYO (Reuters) - Oil prices gained on Monday after a steep fall the session before, buoyed by expectations that a joint OPEC and non-OPEC meeting later in the day may address rising output in Nigeria and Libya, two OPEC members so far exempt from a push to cut production.

  • 07/23/2017 23:22:06

    Malaysia's CIMB to partner Alipay for mobile payment platform

    KUALA LUMPUR, July 24 (Reuters) - CIMB Group Holdings Bhd , Malaysia's second-biggest bank, on Monday said its subsidiary will form an equity joint venture with Ant Financial Services Group, the parent of Alipay, to provide mobile wallet and related financial services.

  • 07/23/2017 16:51:54

    Oil steady after fall ahead of OPEC/non-OPEC meeting

    TOKYO (Reuters) - Oil prices were little changed on Monday following a steep fall in the previous session amid growing expectations that the joint OPEC and non-OPEC ministerial meeting later in the day would address rising production from Nigeria and Libya, two OPEC members exempted from the cuts.

  • 07/21/2017 11:51:51

    U.S., 7 allies map joint F-35 jet operations in Europe

    BERLIN, July 21 (Reuters) - The United States and seven allies have held their first meeting to map out plans for joint operations of the new Lockheed Martin Corp F-35 stealth jet fighter in Europe in coming years.

  • 07/21/2017 01:22:24

    Siemens to quit Russian JV after turbines diverted to Crimea: report

    German industrial group Siemens AG said Friday that it will quit a joint-venture with a Russian power plant after four gas turbines destined for Russia were instead diverted to Crimea, Reuters reported Friday. Siemens said the action violates EU sanctions put in place after Russia annexed Crimea from Ukraine in 2014. The German company said it now will divest of its stake in a power-plant joint venture with Interautomatika, after claiming it has evidence that four of the turbines are now in Crimea. The Russian government maintains that the turbines were manufactured in Russia, using parts made from the country, and said installation in Crimea would go ahead, the BBC reported. Interautomatika had a role in installing and commissioning those turbines that are now in Crimea, sources told Reuters. Siemens said it will now review the involvement of its global companies and subsidiaries with regards to Russian deliveries. A spokesperson for Siemens couldn't immediately be reached for comment. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 07/21/2017 01:01:12

    Siemens exits Russian JV after Crimea turbines scandal

    FRANKFURT (Reuters) - German industrial group Siemens will exit its Russian power-plant joint venture Interautomatika following a scandal that saw four gas turbines it sold for use in Russia turn up in Crimea, a region subject to EU sanctions on energy technology.

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