Joint ventures

1010 WINS Newsroom
May 05, 2020 - 3:34 pm
LOS ANGELES (AP) — Sports Illustrated is branching out into movies and television. Authentic Brands Group and 101 Studios announced on Tuesday that they will launch Sports Illustrated Studios as part of a joint venture between the two companies. The studio's first project will be a docu-series...
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1010 WINS Newsroom
April 21, 2020 - 3:10 am
BERLIN (AP) — Volvo and the truck division of Daimler have agreed to set up a joint venture to develop and produce fuel cell systems for heavy vehicles, the Swedish and German companies said Tuesday. The two firms said that they will be equal partners in the new enterprise. Daimler Truck will put...
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FILE - In this April 30, 2007, file photo, a shovel prepares to dump a load of coal into a 320-ton truck at the Arch Coal Inc.-owned Black Thunder mine in Wright, Wyo. Two of the world's largest coal producers have announced a plan to combine their mining operations in Wyoming and Colorado in a bid to improve their competitiveness against growing natural gas and renewable energy sources. Arch Coal and Peabody Energy, both based in St. Louis on Wednesday, June 19, 2019, announced the joint venture. It will be 66.5% owned by Peabody and 33.5% owned by Arch. (AP Photo/Matthew Brown, File)
June 19, 2019 - 1:26 pm
Two of the world's largest coal producers have announced they will combine mining operations in Wyoming and Colorado in an attempt to improve their competitiveness against natural gas and renewable energy sources. Arch Coal and Peabody Energy are based in St. Louis and announced the joint venture...
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June 11, 2019 - 8:50 pm
BISMARCK, N.D. (AP) — Two companies are proposing a $1.6 billion pipeline to move North Dakota crude oil, making it the biggest such project to move oil out of the state since the Dakota Access pipeline that sparked violent clashes between protesters and law enforcement in 2016 and 2017. Houston-...
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May 08, 2019 - 11:30 pm
TOKYO (AP) — Japanese automaker Toyota and electronics maker Panasonic are forming a joint venture combining their housing businesses in Japan. Toyota Motor Corp., which offers housing as well as vehicles in Japan, said the new company will offer homes showcasing technology such as connected cars...
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March 28, 2019 - 6:15 am
BERLIN (AP) — German automaker Daimler and China's Geely, its largest shareholder, are setting up a joint venture to develop and operate Daimler's Smart compact car brand worldwide as an all-electric car maker. The two companies said Thursday that the 50-50 joint venture should be finalized by the...
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FILE - In this Feb. 14, 2006 file photo, a close-up of the chest patch of a worker at Barrick's Ruby Hill Mine, outside Eureka, Nev., is shown. Barrick Gold is dropping its takeover bid for Newmont Mining, as the gold companies instead form a joint venture to combine their Nevada mining operations. Last month Barrick Gold Corp. offered to acquire Newmont Mining Corp. for about $18 billion in stock. The joint venture will include the companies' assets and reserves in Nevada. (AP Photo/Douglas C. Pizac, File)
March 11, 2019 - 9:24 am
ELKO, Nev. (AP) — Barrick Gold is dropping its takeover bid for Newmont Mining, as the gold companies instead form a joint venture to combine their Nevada mining operations. Last month Barrick Gold Corp. offered to acquire Newmont Mining Corp. for about $18 billion in stock. The joint venture will...
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FILE - In this Dec. 13, 2017, file photo, Toyota Motor Corporation President Akio Toyoda, left, and Panasonic Corporation President Kazuhiro Tsuga, right, pose for photographers after a joint press conference in Tokyo. Toyota Motor Corp. and Panasonic Corp. said in a joint statement Tuesday, Jan. 22, 2019, they are setting up a joint venture to research, manufacture and sell batteries for ecological autos, an increasingly lucrative sector amid concerns about global warming. (AP Photo/Eugene Hoshiko, File)
January 22, 2019 - 4:21 am
TOKYO (AP) — Toyota Motor Corp. and Panasonic Corp. are setting up a joint venture to research, manufacture and sell batteries for ecological autos, an increasingly lucrative sector amid concerns about global warming. The Japanese automaker and the Japanese electronics maker said in a joint...
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September 11, 2018 - 4:48 am
BERLIN (AP) — Germany's two main department store chains are set to merge in a deal under which Canada-based Hudson's Bay Co. will form a joint venture with Austria's Signa. The deal announced Tuesday will bring together Karstadt, owned by Signa, and Kaufhof, owned by HBC. It also includes HBC...
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FILE - In this Wednesday, March 21, 2018 file photo, the logo of German car manufacturer BMW is pictured at the headquarters in Munich, Germany. German carmaker BMW reports its second quarter earnings on Thursday, Aug. 2, 2018. (AP Photo/Matthias Schrader, file)
August 02, 2018 - 8:40 am
FRANKFURT, Germany (AP) — BMW's profit fell 6 percent in the second quarter as it spent more on developing new technologies for electric, autonomous and digitally connected automobiles, the luxury carmaker said Thursday. Net income came in at 2.08 billion euros ($2.42 billion), down from 2.22...
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