joint ventures

5 Stories

GM Teams With LG on Electric Cars

Electronics maker to do more than just provide batteries

(Newser) - Hot on the heels of news of the Ford-Toyota deal , we’ve got word of a far stranger electric car pact: General Motors has agreed to a deal to co-develop cars with LG Group, the Wall Street Journal reports. The consumer electronics company already makes the battery for the Chevy... More »

Facebook Considering Buying Skype

Meanwhile, Google holds talks with Skype for joint venture

(Newser) - Skype is suddenly the prettiest girl in school now that it’s pushed back its IPO. Google is in talks for a joint venture with the online calling company, and Facebook is considering buying it outright, sources tell Reuters . Skype is expected to rake in about $1 billion if it... More »

Stockbrokers in High Demand on Back-to-Basics Wall St.

Some, unlike disgraced investment bankers and traders, even command bonuses

(Newser) - With investment bankers and trading desks disgraced by crippling losses, the everyday stockbroker is enjoying a renaissance as Wall Street firms look to stay relevant to customers and investors, the Wall Street Journal reports. The likely deal between Morgan Stanley and Citigroup that would create the world’s largest brokerage... More »

Disney Channel Coming to Russian TV

Mickey and pals get first Western foothold in massive market

(Newser) - Disney has become the first Western company to crack the potentially lucrative Russian TV market, the Wall Street Journal reports. The company and a Russian broadcaster are finalizing plans to introduce Disney programming on 30 stations nationwide. Disney will have a 49% ownership stake in the deal with Russia's Media-One... More »

Bear Stearns, China's Citic Trade $1B Stakes

Partnership will develop products, services for Chinese and Asian markets

(Newser) - In a welcome boost after this year's devastating subprime losses, Bear Stearns today moved to secure a long-coveted slice of the Chinese market. Stearns and China’s Citic Securities Co. agreed  to invest $1 billion in each other, pooling their Asian resources to develop new products for the Chinese market,... More »

5 Stories