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    The delta-lattice joint venture gets the green light from Chile
    "The Silicon Valley Poll is a survey of 1,610 registered voters in five Bay Area counties (Santa Clara, San Mateo, Alameda, San Francisco, Contra Costa)," the poll explains. "The survey was placed in the field September 21-26, 2021 by Embold Research, a division of Change Research Inc., on behalf of Joint Venture Silicon Valley and its research arm, the Institute for Regional Studies." "It's housing, stupid," president and CEO of Joint Venture Silicon Valley Russell Hancock said, according to the San Francisco Chronicle. "That is driving almost all of the results we see in this poll." Walgreens is planning to close down five more of its San Francisco store locations next month because of "organized retail crime." "Organized retail crime continues to be a challenge facing retailers across San Francisco, and we are not immune to that," a Walgreens spokesperson noted in a statement, according to Fox Business. "Retail theft across our San Francisco stores has continued to increase in the past few months to five times our chain average. During this time to help combat this issue, we increased...
    The time has come. On Tuesday, October 12, Waller, a French expert on social and collective platforms for companies and administrations, entered the most closed club of solutions that are compatible with the state’s preferred “cloud of hope” in the national strategy to accelerate the digital transformation of companies. For this, Waller has partnered with OVHCloud. In detail, the Paris-based company will offer American Cafam’s alternative tools platform, such as its Waller 365 Office suite for Microsoft Office 365, its Big Bluepoton video conferencing solution, or its sons. Slack. For its part, Roubaix Hosting Infrastructure will provide certified SecCloudNum. In the service of the “centralized cloud” theory preferred by the state for management, they are too late in their digital transformation when faced with the challenges of modernizing the state and manipulating strategic data. State “cloud” theory: major illness A “cloud in the center” is finally 100% French Unlike Microsoft’s “Trusted Cloud” offers with Orange / Capgemini, Google with OVHCloud and Google Thales, Waller and OVHCloud do not need to form a joint venture under French law to provide their...
    SAN JOSE (CBS SF) – More than 18 months after the start of the COVID-19 pandemic, a new poll of residents in and around Silicon Valley find many in a state of discontent about the region and over half have thought about leaving. According to the Silicon Valley Poll (.pdf) commissioned by Joint Venture Silicon Valley and the Bay Area News Group, 71% feel the quality of life in the Bay Area has grown worse over the past five years. That sentiment was felt across all age and income groups, racial groups and party affiliations, along with people who owned or rented their home. READ MORE: 3 Arrested In San Jose Cold Case Fatal Stabbing From 2001“We’ve long been a high-stress region. Staggering housing prices, rising homelessness, a stark income divide and a host of sustainability challenges have had us on edge for some time,” said Joint Venture Silicon Valley CEO Russell Hancock. “But when you toss a highly infectious disease into the mix, you get a smothering amount of anxiety.” Since the onset of the pandemic in March of...
    SAN JOSE (CBS SF) – More than 18 months after the start of the COVID-19 pandemic, a new poll of residents in and around Silicon Valley find many in a state of discontent about the region and over half have thought about leaving. According to the Silicon Valley Poll (.pdf) commissioned by Joint Venture Silicon Valley and the Bay Area News Group, 71% feel the quality of life in the Bay Area has grown worse over the past five years. That sentiment was felt across all age and income groups, racial groups and party affiliations, along with people who owned or rented their home. READ MORE: UPDATE: PG&E PSPS Outages In Effect; Up To 44,000 Customers To Be Impacted“We’ve long been a high-stress region. Staggering housing prices, rising homelessness, a stark income divide and a host of sustainability challenges have had us on edge for some time,” said Joint Venture Silicon Valley CEO Russell Hancock. “But when you toss a highly infectious disease into the mix you get a smothering amount of anxiety.” Since the onset of the pandemic in...
    In this article PEPRamon Laguarta, chief executive officer of PepsiCo Inc., stands for a photograph before a closing bell ceremony at a Nasdaq Inc. remote location in Atlanta, Georgia, on Friday, Feb. 1, 2019.Elijah Nouvelage | Bloomberg | Getty ImagesPepsiCo is hoping to release new plant-based snacks and drinks made through its joint venture with Beyond Meat by early 2022. "This is only the beginning of what I think is going to be a game-changing JV," Pepsi CEO Ramon Laguarta told CNBC's Sara Eisen. Pepsi and Beyond announced the joint venture, called The PLANeT Partnership, in January. The partnership gives Beyond, a relative newcomer to the food world, a chance to leverage Pepsi's production and marketing expertise for new products. For its part, Pepsi can deepen its investment in plant-based categories, which are growing increasingly crowded, while working with one of the top creators of meat substitutes. It also helps Pepsi work toward its sustainability and health goals for its portfolio. Earlier on Wednesday, Pepsi announced a new initiative called "Pep+" that is meant to change the company's operations, with...
    Comcast Corp. And ViacomCBS Inc. They plan to launch a subscription-based streaming service in more than 20 European regions next year, which will reach 90 million homes, U.S. media outlets said Wednesday. As competitors such as Netflix seek out media companies to expand their streaming services in the United States and internationally, a joint venture called SkyShowtime emerges. Inc. And Walt Disney Co. Disney + has grown exponentially. Netflix saw a slowdown in subscriber growth in the second quarter from 10 million to 1.5 million new subscriptions in the same quarter last year. In the United States and Canada, Netflix lost 400,000 customers. SkyShowtime NBC Universal, Universal Pictures and Peacock, Comcast and UK. The streaming site will provide more than 10,000 hours of entertainment from these content providers. Comcast CEO Brian Roberts and ViacomCBS President Shari Redstone will discuss a potential broadcasting partnership in international markets earlier this summer, the Wall Street Journal previously reported. Philadelphia Cable announced last month that it would be offering its one-year streaming platform Peacock to Sky’s 20...
    In this article PAH3-DE VOW3-DE Rimac NeveraRimacPorsche and Croatian electric performance car manufacturer Rimac have agreed to create a joint venture that incorporates Volkswagen's high-performance Bugatti brand, officials announced Monday. The new joint venture — called Bugatti-Rimac — is expected to be established as a hypercar manufacturer (think high-end sport car or supercar but better performance and more exclusive) in the fourth quarter of this year. Rimac will have a 55% stake in the joint venture, while Porsche will hold a 45% stake in the company. Bugatti's shares will be transferred from Volkswagen, which owns Porsche and Bugatti, to Porsche and then to Rimac, the companies said. Porsche also currently holds a 24% stake in Rimac, up from an initial 10% ownership in 2018. The first vehicles planned from the tie-up are an eight-cylinder, 1,500-horsepower Bugatti called the Chiron and a $2.4 million all-electric hypercar called the Rimac Nevera, which the company says has about 1,900 horsepower and can exceed 250 mph. The vehicles had previously been announced separately by the companies.Bugatti ChironSource: Bugatti"We are combining Bugatti's strong expertise...
    (CNN)Volkswagen Group and Porsche have agreed to create a new joint venture that combines Rimac, a Croatian company that makes electric supercars, with Bugatti.The new company will be called Bugatti-Rimac and will make both Bugatti and Rimac cars. Bugatti, like Porsche, is part of the Volkswagen Group. Porsche also owns a stake in Rimac.The Rimac Nevera is an all-electric supercar.Bugatti-Rimac will be based in Zagreb, Croatia, not far from Rimac's current headquarters. Bugatti, meanwhile, will continue to build cars in its current home of Molsheim, France, according to an announcement from Porsche. It will continue to operate as a separate car brand although Bugatti and Rimac will jointly develop new Bugatti models, the announcement said.What its like to drive Bugattis new $4 million supercarPorsche began investing in Rimac Automobili in 2018 and now owns a 24% stake in the company. Porsche will directly own 45% of Bugatti-RImac while Rimac will hold the remaining 55% stake. Bugatti is being transferred to the new joint venture by its parent company, Volkswagen Group. "We are combining Bugatti's strong expertise in the hypercar business...
    Ohio Republican Anthony Gozalez and Wyoming [checks latest updates] still-Republican Liz Cheney have formed a joint fundraising committee ahead of the 2022 midterm elections. The two Donald Trump foils have joined together for fundraising, according to an aide, because “some donors wanted to write checks to both of them,” and this is a way to do that. That aide is right that funds have rolling in for Republicans who are on the outs with the Trump party. By April it was already clear big dollars were headed to the pro-impeach, anti-rally crowd. Which is certainly one of the reasons the ex-president will be doing political rallies once more. Tonight, Trump is holding a big one in Cleveland. Big, in the sense of the importance to determining how the primaries are going to go down in the GOP. It remains to be seen if it will be big in the “Trump points to the crowd and claims the media will never show video of many of you are here” sense of big. Like most political coverage, the Associated Press...
    More On: Carlos Ghosn Japan sets trial date for Americans linked to escape of ex-Nissan boss Father-son duo charged in dramatic Carlos Ghosn escape Father and son charged in Ghosn escape are handed over to Japan High court denies accused Ghosn smugglers’ bid to stay in US Fugitive former car executive Carlos Ghosn suffered a setback on Thursday when a Dutch court ordered him to repay 5 million euros ($6.1 million) in wages to Nissan and Mitsubishi in a case he had brought. The case, one of a series of legal battles involving one of the best known figures in the auto industry, centers around the Dutch-registered joint venture Nissan-Mitsubishi BV (NMBV), where Ghosn was ousted as chairman in 2019. Ghosn claimed the Japanese companies violated Dutch labor laws when they dismissed him and had demanded compensation of 15 million euros for missed wages and severance payments. But the district court in Amsterdam sided with the car companies, stating that Ghosn did not have a valid employment agreement with the joint venture, as it lacked the required consent of the boards of Nissan and Mitsubishi. Ghosn was therefore...
    In this article F FORD Dane Hardware (right), Ford design and release engineer, and Mary Fredrick, Ford battery validation engineer, measure the voltage of a battery using a digital multimeter at Ford's Battery Benchmarking and Test Laboratory in Allen Park, Michigan.FordDETROIT – Ford Motor plans to form a joint venture with South Korean battery maker SK Innovation that will eventually manufacture battery cells for electric vehicles in the U.S. The companies on Wednesday announced they have signed a memorandum of understanding for a joint venture that will be called BlueOvalSK. Production of the battery cells as well as well as supporting modules is expected to start by mid-decade, the companies said. The announcement comes amid an expected surge in electric vehicle sales as well as a push by the Biden administration to increase domestic production of critical technologies for EVs such as battery cells, which power the vehicles.VIDEO2:5802:58Ford unveiled its electric F-150 model — Here's what you need to knowSquawk Box"As the industry changes, we have to insource now," Ford CEO Jim Farley told reporters Wednesday night during the...
    A business partner Hunter Biden called “the chief spy of China,” assigned the president’s son a Chinese-American secretary who was feeding him opposition research to help Joe Biden’s 2020 election bid after the business venture collapsed in 2018, the Daily Mail reported Friday. The Daily Mail obtained the information from emails contained in Hunter Biden’s alleged “laptop from hell,” which has become the gift that will not stop giving to critics of President Joe Biden and his troubled son. “Under the heading ‘Uncle Joe 2020,’ the former assistant encouraged the president’s son to tell his father to ‘lead by example,’ ‘bring back sensibility,’ and emphasize his experience and age as a strength,” the newspaper added. On Friday, the Daily Mail revealed: After launching his multi-million-dollar joint venture with CEFC, Hunter was assigned a 29-year-old Chinese-American assistant, JiaQi Bao, who quickly struck up a close and intriguing relationship with her Biden boss. At first, emails show the New York-based Bao diligently scheduled flights, hotels, and even doctor’s appointments for the president’s son. But mysteriously, the young assistant also sent him opposition...
    Hunter Biden's emails reveal his close relationship with the Chinese-American secretary who worked for him when he went into business with the man he called the 'spy chief of China.'  The mysterious young assistant wrote the president's son flirty messages, sent him opposition research for Joe's White House run and encouraged him to draw funds from the company's accounts when the joint venture collapsed. In 2017 Hunter went into business with Patrick Ho, secretary general of Chinese oil giant CEFC. Hunter described Ho in a call recording on his abandoned laptop as the 'spy chief of China', and the Chinese businessman was later surveilled by US law enforcement as a foreign intelligence threat before he was convicted of bribery in 2018. After launching his multi-million-dollar joint venture with CEFC, Hunter was assigned a 29-year-old Chinese-American assistant, JiaQi Bao, who quickly struck up a close and intriguing relationship with her Biden boss. At first, emails show Bao diligently scheduled flights, hotels and even doctor's appointments for the president's son. But mysteriously, the young assistant also sent him opposition research to help...
    SEOUL, South Korea (AP) — South Korean steelmaker POSCO will end joint venture with firm controlled by Myanmar military amid its lethal crackdown. Copyright © 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
    . . On April 15, 2021 at 5:55 p.m. Julian ArsenalThe Canadian Press As of Dec. 31, the estimate is between $ 50 million and $ 100 million, according to documents released with its annual report released Thursday, which revealed Quebecs’ socks. This is a significant variation from the $ 300 million invested in Magnus Cement a year ago from $ 300 million. “Dec. Today, we are in a joint venture with a strategic player who contributes to profitable assets that bring the ability to create value for our investment.” As long as the pension plan manager retains his contribution, “we can not conclude that there is any income or material loss,” he said. Opened in 2017, the Caspe campus, with about 200 employees, is set to become part of a joint venture to officially merge the North American assets of the Brazilian joint venture Vodorandim Cementos. It will be 83% controlled by a subsidiary of the world’s sixth largest cement manufacturer and 17% by CDPQ – which previously...
    To create a “ leader in digital water “. This is the ambition of Suez and Schneider Electric, who announced on Thursday March 25 their intention to form a joint venture specializing in innovative digital solutions for water management. This will support both municipal water operators and industrialists, ” by providing them with a set of software solutions that are unique on the market for the planning, operation, maintenance and optimization of water treatment infrastructures “, Specify the two groups in a press release. This ” joint venture “ will bring many advantages, they assure, among which the ” reduction of leaks, network performance, energy savings, an increase in the service life of installations, preservation of natural environments ” or even a ” improvement of the environmental footprint of water systems “. Suez still threatened by a takeover bid The new entity will be born when “ the competent competition authorities Will have given their approval, it is specified. It will provide customers with access to a software bank, so as to ” optimize and make their facilities and...
    BEIJING (Reuters) - Swedish premium automaker Volvo Cars will launch a joint venture with ECARX, a smart car technology startup co-founded by Geely's chairman, to develop in-car operation software systems, the companies said on Tuesday. ECARX, which was founded by its chief executive Shen Ziyu and Geely chairman Li Shufu in 2016, focuses on technology used in car chips, high-definition maps and smart vehicles. The joint venture, which will be headquartered in the Swedish city of Gothenburg, will develop in-car operation software systems for Volvo Cars, other brands under Zhejiang Geely Holding Group and potentially other companies. "The planned joint venture would allow both companies and the wider Geely Group to speed up technology development, improve cost efficiency and create new revenue streams," the companies said in the statement. The announcement comes as ECARX has sought to raise funds in recent months to develop future technologies. It has said its valuation exceeds $2 billion. ECARX raised over $200 million from investors including China Reform last month and $195 million in October in a funding round that included Baidu Inc and...
    The Best Laundry Sanitizers for Cleansing Everything Thoroughly Gervonta Davis indicted on 14 counts related to hit-and-run crash involving two-division boxing champion The headquarters of Tencent Warner Music and Tencent Music Entertainment Group said Tuesday that they have expanded their long-running licensing relationship while also partnering on a new joint venture record label targeting the China market. A dominant player in digital music in China, Tencent Music has been licensing songs from Warner Music for over a decade. Under the expanded deal, Warner Music’s repertoire will be made available across all of Tencent’s online music platforms in mainland China, which includes on-demand streaming channels QQ Music, Kugou Music and Kuwo Music; the online karaoke platform WeSing, various live-streaming platforms, and over other connected devices, such as in-car audio systems. Details about the joint venture record label were scarce, but the two partners said it would leverage “Warner Music’s global resources and experience in supporting artists’ careers, as well as Tencent Music’s massive influence in mainland China’s music and entertainment market.” Tencent bought a 20 percent stake in Universal Music Group late last year, but the Chinese...
    Sony and RTS, a new venture from Endeavor’s esports business, have acquired the prestigious Evo fighting game tournament through “a joint venture esports partnership.” The terms of the acquisition were not disclosed “due to contractual commitments.” “Fighting games have been a vital part of PlayStation’s legacy and our community since the very beginning, and we’ve been thrilled to partner with Evo over the years,” Steven Roberts, VP of global competitive gaming at Sony Interactive Entertainment, said in a press release. “This joint acquisition with RTS marks a new chapter of collaboration with Evo’s co-founders, Tom and Tony Cannon, and their passionate community of fighting game fans.” Tom and Tony Cannon also shared a message to the Evo community regarding the acquisition. “The new partnership is committed to bringing amazing tournaments and competitive gaming experiences back to you this year and beyond,” they said . The organizations also announced that Evo will be back this year as Evo Online, a virtual fighting game competition happening from August 6th–8th and August 13th–15th. Players can compete in tournaments for Guilty Gear Strive, Mortal...
    (Reuters) – U.S. Alternative fuel supplier Klein Energy and its largest partner, Oil and Gas Group, on Thursday announced a new joint venture focused on renewable natural gas production. The topic of clean energy rose 7.5% to $ 13.15 (9 10.93) before officially opening the New York Stock Exchange. The joint venture, in which the two companies are equal partners, will benefit from the $ 100 million initial corporate commitment to build the infrastructure needed to produce renewable natural gas. “This amount could be raised to $ 400 million depending on the improvement in growth opportunities,” Clean Energy said in a statement. According to the US panel, Total will support funding “downstream” infrastructure, especially refineries and service stations. Renewable natural gas is produced by converting carbon emissions from dairy farms into fuel used in transportation, thus reducing the impact of global warming. Amid growing pressure from investors and operators, major energy companies have set goals to reduce their greenhouse gas emissions, while others are exploring the possibility of doing so. Investments in Renewable Energies and Green Technologies. Total CEO...
    . Acciona Energía will consider more alliances after the joint venture with Plug Power- CEO MADRID, Feb 19 (.) – Acciona Energía, a company that the Spanish group Acciona plans to spin off and list on the stock market, will study new merger and acquisition (M&A) operations after agreeing to a joint venture or A joint venture with US-based Plug Power, the unit’s CEO said on Friday. “We will continue to consider other possible M&A operations, which will allow us to ensure our growth in the decade,” Rafael Mateo said in an online presentation.
    . Acciona Energía will consider more alliances after the joint venture with Plug Power- CEO MADRID, Feb 19 (.) – Acciona Energía, a company that the Spanish group Acciona plans to spin off and list on the stock market, will study new merger and acquisition (M&A) operations after agreeing to a joint venture or A joint venture with US-based Plug Power, the unit’s CEO said on Friday. “We will continue to consider other possible M&A operations, which will allow us to ensure our growth in the decade,” Rafael Mateo said in an online presentation.
    . Acciona Energía will consider more alliances after the joint venture with Plug Power- CEO MADRID, Feb 19 (.) – Acciona Energía, a company that the Spanish group Acciona plans to spin off and list on the stock market, will study new merger and acquisition (M&A) operations after agreeing to a joint venture or A joint venture with US-based Plug Power, the unit’s CEO said on Friday. “We will continue to consider other possible M&A operations, which will allow us to ensure our growth in the decade,” Rafael Mateo said in an online presentation.
    The Conversation Spain Doctors and torture: how is this relationship possible? English engraving showing a cell of the Inquisition in which four forms of torture are practiced. Wellcome Collection, CC BY-NC-SAL Torture can be defined as the act of causing physical or psychological harm to a victim, by different means, without their consent and against their will, and their most common objectives are the following: obtaining confessions or information; fulfillment of a revenge; serve as a prelude to an execution; provide morbid and sadistic entertainment to the torturer. In any case, the most common basis for its practice is subjugation and the breakdown of the victim’s self-esteem and moral resistance. The term “torture” comes from the verb “torquere” (to twist), which has a double meaning, closely related to medical practice: the very act of practicing torture and a meaning that comes to mean “extreme pain and agony”. By way of example, in the first Latin translation of the Bible (Vetus Latina), “ventris torture” is used to refer to abdominal pain. And precisely, in the practice of torture, doctors have played...
    hello.com Do not stop reading the most important news of the week EXCLUSIVE IN HELLO !: Isabel Preysler with an open heart Flowers, gifts, a beautiful table, the fireplace lit, the phone ringing non-stop, the children calling from the other side of the world, the grandchildren talking to their grandmother in the language of the average language through the mobile screen, the friends who, on other occasions, have celebrated in this house in Puerta de Hierro, with Isabel Preysler, at the edge of its fantastic glass-enclosed pool, and this year they have to settle for congratulate far and wide, but also truly, the most enviable birthday girl in the world. The romantic image with which the Duke and Duchess of Sussex have announced that they are expecting their second child In a few months, Archie will have a playmate and the Duke and Duchess of Sussex wanted to share the happy news in a statement in which they expressed their enthusiasm for the news and that they have illustrated with an image far removed from the institutionality and protocol that...
    SAN JOSE — Silicon Valley suffered mammoth job losses during 2020, huge declines that affected nearly every industry — except for the tech sector, whose employers managed small job gains despite coronavirus-linked economic woes, a report released Tuesday shows. The job losses in Silicon Valley during 2020 were so severe that they exceeded the employment setbacks in the region during the dot-com debacle, according to the new report by Joint Venture Silicon Valley. Yet while overall job losses in Silicon Valley — defined as Santa Clara County, San Mateo County, southern Alameda County, and northern Santa Cruz County — were severe, some industries were hit far harder than others, and some managed to actually gain jobs, such as tech, according to the report from Joint Venture Silicon Valley, a San Jose-based think tank. “We have a tale of two economies and a tale of two recoveries,” Russell Hancock, president of Joint Venture Silicon Valley, said during a news briefing to discuss the new report. Over the one-year period that ended in June 2020, overall employment in the Silicon Valley geographic...
    Bloomberg Fed will worsen labor and stock market scenario in stress tests (Bloomberg) – The Federal Reserve is not skimping on adding difficulties in its latest stress tests, as it plans to subject Wall Street banks to hypothetical scenarios that include a massive rise in unemployment and a declining stock market. In a statement Friday, the Fed detailed its scenarios for 2021 with no signs yet that the central bank plans to ease restrictions it has placed on bank dividend payments amid the coronavirus pandemic. In a second round of testing. unprecedented from last year, the Fed increased simulated hardship to better reflect the real damage caused by the pandemic. The agency is sticking closely to that model in its latest reviews, testing whether banks could continue to lend if unemployment rose more than four percentage points to nearly 11%, stocks lost more than half their value and valuations of commercial real estate declines by 40% .The Fed adapts new scenarios every year to ensure Wall Street can survive a crisis, and COVID-19 represented the first major economic hardship since...
    By ELAINE KURTENBACH, AP Business Writer BANGKOK (AP) — Businesses are just beginning to reassess their investments in Myanmar after the military seized power, detaining civilian leaders and sparking mass protests. Singaporean tycoon Lim Kaling, a board member of technology firm Razer Inc., announced Tuesday that he was pulling out of a cigarette joint venture with military-linked Virginia Tobacco Co., the country’s biggest cigarette maker and owner of the Red Ruby and Premium Gold brands. Lim held a one-third stake in RMH Singapore Pte., which owns 49% of the joint venture that began in 1993. He said he felt “grave concern" over the situation in Myanmar, and “I am therefore exploring options for the responsible disposal of this stake." That announcement followed a petition drive on Change.org to exert pressure on him to end his business ties with the military. It urged Razer to dismiss him from its board if he did not. So far, most companies with major dealings or investments in Myanmar appear to be taking a wait-and-see approach. But last week just after the Feb. 1 coup,...
    BANGKOK (AP) — Businesses are just beginning to reassess their investments in Myanmar after the military seized power, detaining civilian leaders and sparking mass protests. Singaporean tycoon Lim Kaling, a board member of technology firm Razer Inc., announced Tuesday that he was pulling out of a cigarette joint venture with military-linked Virginia Tobacco Co., the country’s biggest cigarette maker and owner of the Red Ruby and Premium Gold brands. Lim held a one-third stake in RMH Singapore Pte., which owns 49% of the joint venture that began in 1993. He said he felt “grave concern” over the situation in Myanmar, and “I am therefore exploring options for the responsible disposal of this stake.” That announcement followed a petition drive on Change.org to exert pressure on him to end his business ties with the military. It urged Razer to dismiss him from its board if he did not. So far, most companies with major dealings or investments in Myanmar appear to be taking a wait-and-see approach. But last week just after the Feb. 1 coup, Japan’s...
    Plug Power Jumps on Renault Hydrogen Joint Venture Plug Power shares jumped on Tuesday after it and French carmaker Renault agreed to create a 50-50 joint venture focused on vehicle systems based on hydrogen fuel cells. © TheStreet Plug Power Jumps on Renault Hydrogen Joint Venture Shares of Plug Power, Latham, N.Y., at last check were up 17% at $63.04. Renault American depositary receipts closed on Monday down 3.5% at $8.79. Load Error The joint venture will include creating a fuel-cell stack and system manufacturing center in France for integration into light commercial vehicle platforms. The venture will start commercializing fuel-cell light commercial vehicles in Europe starting in 2021 with pilot fleet deployments. The joint venture will target a more-than-30% share of the fuel-cell-powered LCV market in Europe. The partnership will also create a hydrogen vehicle ecosystem solution company that offers vehicles, hydrogen fueling stations, and hydrogen fuel. The two companies also intend to establish an innovation center to develop fuel-cell technology and hydrogen-fuel-cell LCVs based on existing and future Groupe Renault platforms. The two...
    New York (CNN Business)Haven, an ambitious health care company formed just three years ago as a partnership between Amazon, Warren Buffett's Berkshire Hathaway and JPMorgan Chase, is shutting down."Haven will end its operations at the end of February," said Haven spokesperson Brooke Thurston in an email to CNN Business. The news was first reported by CNBC. The venture was created in 2018 with the goal of helping provide better health care services and insurance at a lower cost to workers and families at these three leading American firms -- and potentially to other US companies as well. But Haven had struggled to make inroads beyond its three partners since its inception. Haven CEO Atul Gawande stepped down last May and chief operating officer Jack Stoddard also left the firm in 2019 after just a few months' tenure.A spokesman for JPMorgan Chase (JPM) also confirmed to CNN Business that Haven was shutting down. Amazon (AMZN) and Berkshire Hathaway (BRKB) were not immediately available for comment.Read MoreJPMorgan CEO Jamie Dimon wrote in an email to employees that was shared with CNN Business,...
    Tom Brady to appear in 300th career regular season game Saturday Photos of Christmas parades from when you were a kid Magna in Electric-Car Parts Joint Venture With LG Electronics (Bloomberg) -- LG Electronics Inc. plans to spin off some its electric-car components business into a new joint venture with Canada’s Magna International Inc. © Bloomberg Magna International Inc. signage sits on display inside the company's Polycon Industries auto parts manufacturing facility in Guelph, Ontario, Canada, on Thursday, Aug. 30, 2018. Canadian stocks and the dollar extended gains Monday on news of a U.S.-Mexican trade agreement, shrugging off U.S. President Donald Trump's threats that Canada might be frozen out and instead face auto tariffs. Magna will buy a 49% stake in the new unit for 501.6 billion won ($453 million) while the remainder will be owned by LG Electronics, the South Korean company said in an exchange filing. The joint venture will make e-motors, inverters and electric-drive systems in factories in Incheon in Korea and Nanjing in China, people familiar with the matter said earlier Wednesday. Load Error ...
    A one-time business associate of Hunter Biden suggested ways to ‘get Joe involved’ in a joint venture with a Chinese energy company in order to make it appear as a ‘truly family business,’ according to new text messages. The text messages from 2017 were part of an exchange between James Gilliar and Tony Bobulinski, who are former business associates of the son of President-elect Joe Biden. The two men were discussing ways to advance a joint business project with CEFC, a Chinese energy firm, according to Fox News. DailyMail.com has reached out to the president-elect's transition office for comment. A one-time business associate of Hunter Biden (seen right with his father, Joe Biden, in January 2009) suggested ways to ‘get Joe involved’ in a joint venture with a Chinese energy company in order to make it appear as a ‘truly family business,’ according to new text messages The text messages from April and May 2017 were exchanged between Tony Bobulinski and James Gilliar, who were part of a joint business venture alongside Hunter Biden, his uncle Jim...
    By Yilei Sun and Tony Munroe BEIJING (Reuters) - In October 2003, the first China-made BMW 325i sedan rolled off a new production line owned by the German luxury brand and its joint venture partner, Brilliance, a subsidiary of provincially owned automaker Huachen Group. It was a milestone for the iconic Bavarian marque, whose cars proved massively popular in what became the world's largest market. Over the next nearly two decades, the joint venture was a cash cow for both BMW and Huachen, which is run by the government of the northeastern rust-belt province of Liaoning. But this month, Huachen stands on the brink of bankruptcy, defaulting on 6.5 billion yuan ($987.48 million) in debt obligations. Chinese regulators have launched an investigation into possible violations of disclosure laws by the company. The defaults by Huachen and two other Chinese state-owned companies have angered investors, who say their faith in the firms' top-notch ratings, seemingly sound finances and implicit state backing has been violated. An examination of dozens of bond filings as well as interviews with former Huachen employees and experts...
    Matthew Chapman October 30, 2020 6:56AM (UTC) This article originally appeared on Raw Story On Thursday, Foreign Policy reported that Commerce Secretary Wilbur Ross remained on the board of a Chinese joint venture — even while he was tasked with overseeing President Donald Trump's trade war. "In Chinese corporate documents obtained by Foreign Policy, Ross is listed as serving on the board of a Chinese joint venture until January 2019 — nearly two years into his term as commerce secretary," reported Isaac Stone Fish. "That joint venture, now called Huaneng Invesco WLR (Beijing) Investment Fund Management Co., is an investment partnership formed in September 2008 between Huaneng Capital Services, the U.S. management company Invesco, and a firm Ross founded, WL Ross & Co. Huaneng Capital Services is an arm of China Huaneng Group, a major state-owned power producer." : This means he was on the board during the tariff fight between the U.S. and China in 2018, as Trump levied more and more taxes on importers bringing Chinese goods into the U.S., and China retaliated with tariffs of their own. "The...
    Commerce Secretary Wilbur Ross may have technically served as a board member of a joint Chinese venture while running the Trump administration's trade war with China, according to a new report. Ross, 82, is listed as serving on the board of a Chinese joint venture until January 2019, nearly two years after his confirmation, according to Chinese documents reported by Foreign Policy. Ross angrily denied the allegation, providing a copy of a February 27, 2017 letter addressed to his own company stating that he 'shall be deemed to have retired, resigned or withdrawn' from every entity affiliated with WL Ross & Co.' 'Instead of reporting on well-documented facts, including a dated and signed letter of resignation that I provided them, Foreign Policy Magazine is purporting a false narrative that I remained on the board of a Chinese company, citing Chinese documentation,' Ross told the magazine in a statement.  Commerce Secretary Wilbur Ross may have technically served as a board member of a joint Chinese venture while running the Trump administration's trade war with China RELATED ARTICLES Previous 1 Next...
    Matthew Chapman October 30, 2020 2:07AM (UTC) This article originally appeared on Raw Story On Thursday, Foreign Policy reported that Commerce Secretary Wilbur Ross remained on the board of a Chinese joint venture — even while he was tasked with overseeing President Donald Trump's trade war. "In Chinese corporate documents obtained by Foreign Policy, Ross is listed as serving on the board of a Chinese joint venture until January 2019 — nearly two years into his term as commerce secretary," reported Isaac Stone Fish. "That joint venture, now called Huaneng Invesco WLR (Beijing) Investment Fund Management Co., is an investment partnership formed in September 2008 between Huaneng Capital Services, the U.S. management company Invesco, and a firm Ross founded, WL Ross & Co. Huaneng Capital Services is an arm of China Huaneng Group, a major state-owned power producer." : This means he was on the board during the tariff fight between the U.S. and China in 2018, as Trump levied more and more taxes on importers bringing Chinese goods into the U.S., and China retaliated with tariffs of their own. "The...
    Blake Snell dropped a big F-bomb when he saw he was stunningly being taken out of Game 6 Common household items you can sell for cash State Parent of BMW’s China Partner on Brink of Bond Default (Bloomberg) -- A Chinese automaker linked to BMW AG is looking increasingly in danger of a default, after missing a domestic bond repayment and seeing its debt sold off in recent days. © Bloomberg Vehicles are displayed at the BMW AG booth at the Guangzhou International Automobile Exhibition in Guangzhou, China, on Friday, Nov. 16, 2018. More than 60 new models are being unveiled at the auto show in the southern city of Guangzhou starting Friday, with manufacturers betting on swanky SUVs and electric cars to revive a market headed for its first annual slump in at least two decades. With some of its yuan notes yielding above 150%, investors appear to have priced in a strong possibility of an ultimate failure by state-run Brilliance Auto Group Holdings Co. to honor a bond that came due Friday. Load Error What’s happening:Parent...
    WASHINGTON (AP) — The Transportation Department said Friday it has tentatively approved plans by Delta Air Lines and Canada's WestJet to work together in scheduling and setting prices for flights between the U.S. and Canada. The department plans to grant the airlines immunity from antitrust laws, which would normally prevent competitors from working together so closely. It said the joint venture will increase options for travel between the two countries. As a condition of approval, the Trump administration proposes that the airlines surrender some of their takeoff and landing rights at New York’s LaGuardia Airport, enough to let other airlines run eight round trips a day. The government also proposes to exclude WestJet's discount carrier Swoop from the deal. It was not immediately clear whether the government's conditions will be acceptable to the airlines. A WestJet spokeswoman said the airlines are reviewing the proposal and will respond to the Transportation Department. Atlanta-based Delta did not immediately respond to a request for comment. The joint venture would expand a partnership between the two airlines that goes back several years and includes...
    WASHINGTON (AP) — The Transportation Department said Friday it has tentatively approved plans by Delta Air Lines and Canada’s WestJet to work together in scheduling and setting prices for flights between the U.S. and Canada. The department plans to grant the airlines immunity from antitrust laws, which would normally prevent competitors from working together so closely. It said the joint venture will increase options for travel between the two countries. As a condition of approval, the Trump administration proposes that the airlines surrender some of their takeoff and landing rights at New York’s LaGuardia Airport, enough to let other airlines run eight round trips a day. The government also proposes to exclude WestJet’s discount carrier Swoop from the deal. It was not immediately clear whether the government’s conditions will be acceptable to the airlines. A WestJet spokeswoman said the airlines are reviewing the proposal and will respond to the Transportation Department. Atlanta-based Delta did not immediately respond to a request for comment. The joint venture would expand a partnership between the two airlines that goes back several years and...
    SEOUL (Reuters) - Uber Technologies said on Friday that it will invest over $150 million into a joint venture and partnership with South Korea's SK Telecom Co Ltd. The companies said in a joint statement that SK Telecom plans to split off its mobility business unit and launch T Map Mobility, Uber commits over $100 million in a joint venture with T Map Mobility, and Uber will also invest around $50 million in T Map Mobility. (Reporting by Joyce Lee; Editing by Sandra Maler) Copyright 2020 Thomson Reuters. Tags: South Korea, United States, Asia
    Indigenous Peoples Day: These are the states that have ditched Columbus Day The best drive-thru restaurants in the USA Invitation Homes Plans New Joint Venture. What Does This Mean for Investors? © Provided by The Motley Fool Invitation Homes Plans New Joint Venture. What Does This Mean for Investors? Founded during the Great Recession, Invitation Homes (NYSE: INVH) has slowly expanded its portfolio of single-family rental homes across the United States since 2012. It now owns and operates 80,000 homes across 16 markets and is the largest operator of single-family rental homes in the country. With some analysts forecasting we could see an uptick in foreclosures and distressed homes next year, is there an opportunity for Invitation Homes to purchase more homes and grow its portfolio? The company seems to think so. It recently announced it has formed a $375 million joint venture with Rockpoint Group to acquire single-family homes and operate them as rentals. Invitation Homes will contribute $75 million, and Rockport will put in $300 million. But that's just the start. The joint venture eventually plans to...
    ST. LOUIS (AP) — A federal judge on Tuesday blocked a proposed joint venture between two leading private coal companies. The ruling by U.S. District Judge Sarah Pitlyk in St. Louis halts the proposed joint venture of two companies based in the St. Louis area, Peabody Energy and Arch Resources, the St. Louis Post-Dispatch reported. Pitlyk wrote that the Federal Trade Commission “has shown that there is a reasonable probability that the proposed joint venture will substantially impair competition in the market for Southern Powder River Basin coal.” In June 2019, Peabody and Arch proposed combining the country’s two most productive mines, which border each other in Wyoming. The state sided with the companies but the FTC in February moved to block the deal. Both coal miners are under financial pressure as coal continues to slide as an energy source in the U.S. in favor of natural gas and renewable energy. “We are deeply disappointed with the court’s decision as the intense all-fuels competition is clearly apparent to us,” Peabody President and CEO Glenn Kellow said in a statement....
    FRANKFURT (Reuters) - German premium brand Audi is in talks with long-term partner FAW Group [SASACJ.UL] about creating a second joint venture to build electric cars on its PPE platform in China, Germany's Automobilwoche reported on Saturday. Audi and FAW have a Chinese joint venture to build combustion-engined cars in the northeastern city of Changchun and the southern city of Foshan. An Audi spokeswoman declined to comment on the report. (Reporting by Edward Taylor; editing by Jason Neely) Copyright 2020 Thomson Reuters.
    NEW YORK (AP) — The Associated Press announced Thursday the start of a joint venture with The Chronicle of Philanthropy and The Conversation that will expand their coverage of philanthropies and charities and the impact these groups have on society. The venture, to be funded by a three-year, $3.6 million grant from Lilly Endowment Inc., aims to increase public awareness and understanding of nonprofit organizations and the people who work for them. Aside from covering major news and trends in charitable giving, journalists in this partnership will explore the power that philanthropies have to shape public opinion and policy, explain the ways nonprofits and volunteers try to solve problems and examine their impact. The grant will enable the three partners to hire additional staff to cover philanthropic news. AP will distribute content from The Chronicle of Philanthropy, which publishes a website and a monthly print magazine, adding to the content the AP distributes from The Conversation, an independent, nonprofit publisher of commentary and analysis across a wide range of topics. Each organization will retain complete editorial control over its...
    Maryland officials said Tuesday they are taking over day-to-day management of the construction of the Purple Line after the companies building the 16-mile light-rail line in Montgomery and Prince George’s counties said they plan to quit the job amid disputes over project cost overruns. Current workers with Purple Line Transit Partners, the joint venture building the line as part of a public-private partnership, are currently securing construction sites and preparing to leave, according to reports. The departure of workers is likely to add years to the project’s timeline, and the state must find a new way to finance the transit project. The Maryland Transit Administration previously said it is committed to completing the project even if PLTP walked off the job amid the dispute. The rift stemmed from roughly $800 million in unpaid cost overruns and who was responsible for them. The joint venture prevailed in a court decision earlier this month, allowing the companies to step away… Read the full story from the Washington Business Journal.
    A last name linked with conservative news stands out on the list of donors who helped the Democratic Party and former Vice President Joe Biden raise $98 million in 2020's second financial quarter. James Murdoch and his wife, Kathryn, each gave $615,000 to the Democratic National Committee and the presumptive Democratic presidential nominee's joint fundraising efforts between April and June, according to financial disclosure documents released late Wednesday. George Soros was another notable figure who donated to the likes of the Biden Victory and Biden Action funds. The liberal billionaire philanthropist cut a check worth $500,000. James Murdoch is the son of media mogul Rupert Murdoch, who founded what is now News Corp in 1980. Through News Corp's sister company, Fox Corporation, Rupert Murdoch is Fox News's current chairman. Despite the younger Murdoch's connection to the Fox empire and other conservative outlets, especially those in the United Kingdom, he and his wife have a history of contributing to left-leaning candidates and causes. “There are views I really disagree with on Fox,” he told the New Yorker last year. From...
    MINNEAPOLIS (WCCO) — No one was hurt Wednesday morning when a crane collapsed near Interstate 35W in Minneapolis. Traffic cameras showed the crane on the ground at a construction site near the intersection of 42nd Street South. The contractor on the project, Kraemer/Nicholson Joint Venture, says that the crane collapsed around 9:30 a.m. The company is investigating what happened; it’s unclear if it was a technical failure or something else. No one was hurt in the collapse, the company said. According to MnDOT, Kraemer/Nicholson Joint Venture is working on a project to reduce flooding on I-35W, which involves installing a storm water storage facility. The northbound lanes of I-35W are currently closed for the construction.
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