Embraer shares drop 15 pct after Boeing deal fails
Shares of Embraer plunged by 15 percent Monday after Boeing pulled out of a $4.2 billion deal to buy the Brazilian aircraft maker's commercial plane division.
Apr 27, 2020
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Business
Page 10 - News tagged with joint venture
Business
Germany's Delivery Hero gobbles up S.Korean food app Woowa
German takeaway giant Delivery Hero on Friday said it had agreed to buy South Korea's largest food delivery app Woowa in a 3.6 billion euro ($4 billion) deal aimed at beefing up its presence in Asia.
Dec 13, 2019
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Automotive
GM, Korea's LG Chem in venture to build factory in Ohio
General Motors and Korea's LG Chem have formed a joint venture to build an electric vehicle battery cell factory near Lordstown, Ohio, east of Cleveland.
Dec 5, 2019
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Business
EU opens probe into Boeing tie-ups with Brazil's Embraer
The EU said Friday it had opened an "in-depth investigation" into plans by US aviation giant Boeing to form joint ventures with the world's number three planemaker, Brazil's Embraer, citing competition concerns.
Oct 4, 2019
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Business
General Motors temporarily lays off 6,000 workers in Mexico due to strike
General Motors has laid off 6,000 workers in Mexico temporarily due to a US labor strike that has disrupted production at two plants south of the border that make pickup trucks, the company said Tuesday.
Oct 1, 2019
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Business
GM furloughs 1,225 more workers as strike enters 2nd week
General Motors temporarily laid off an additional 1,225 workers in Canada and the United States on Monday as a strike entered its second week.
Sep 23, 2019
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Business
Fiat Chrysler posts weaker sales, higher net profit
Fiat Chrysler (FCA) has been hit by slowing sales that have afflicted the car industry worldwide, but the Italian-US automaker said Wednesday that it nonetheless managed to boost second-quarter profits.
Jul 31, 2019
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Joint venture
A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. The venture can be for one specific project only, or a continuing business relationship such as the Fuji Xerox joint venture. This is in contrast to a strategic alliance, which involves no equity stake by the participants, and is a much less rigid arrangement.
The phrase generally refers to the purpose of the entity and not to a type of entity. Therefore, a joint venture may be a corporation, limited liability company, partnership or other legal structure, depending on a number of considerations such as tax and tort liability.
This text uses material from Wikipedia, licensed under CC BY-SA
