joint venture
Markets
Qualcomm, Inc. (QCOM) Forms Joint Venture with China’s Guizhou Province
Qualcomm, Inc. (NASDAQ:QCOM) announced a joint venture and a strategic cooperation agreement with the provincial government of Guizhou in China.
The company also disclosed its plan to establish an investment arm in Guizhou, which will...
From The Press
Macy’s (M) Stock Plummets on Quarterly Earnings that Missed Estimates
The stock price of Macy’s (NYSE:M) plummeted more than 5% to $64.08 per share after reporting second quarter earnings that missed the estimates of Wall Street analysts.
Macy’s generated earnings of $0.65 per diluted share...
Business
Sony Corp (ADR) Partners With a Shanghai Firm To Offer PlayStation In China
Sony Corp (ADR)(NYSE:SNE) and Shanghai Oriental Pearl Group have come together for the setting up of two joint ventures to engage in the production and sale of Sony’s PlayStation games and consoles in China,...
Business
Wal-Mart And Bharti End Their Joint Venture in India
Wal-Mart Stores, Inc. (NYSE:WMT) and Bharti Enterprises have announced to discontinue their joint venture in India. Wal-Mart has been struggling to gain greater traction in the country, has now decided to operate independently.
JV failed...
Technology
Verizon Inks $130B Deal with Vodafone to Control Verizon Wireless
Verizon Communications (NYSE:VZ) reached an agreement with Vodafone Group (NASDAQ:VOD) to acquire the 45% stake in the Verizon Wireless joint venture it does not yet own for $130 billion.
Under the terms of the agreement,...
