Business
Shares in telecoms giant Vodafone's debt-ridden Indian unit fell sharply for a second day Wednesday following reports that its billionaire chairman thought the firm was on the brink of collapse and wanted to sell his stake.
Aug 4, 2021
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52
Security
Saudi Arabia's state oil giant acknowledged Wednesday that leaked data from the company—files now apparently being used in a cyber-extortion attempt involving a $50 million ransom demand—likely came from one of its contractors.
Jul 21, 2021
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3
Business
Nasdaq announced Tuesday that it is replacing its exchange for companies that are not publicly traded, with a joint venture that will receive financing from Goldman Sachs and other financial heavyweights.
Jul 20, 2021
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2
Business
Woes are deepening for Vodafone's India unit as it seeks more time to pay mobile network fees levied by the government, with creditor banks reportedly pleading with New Delhi to cut the firm some slack.
Jul 2, 2021
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4
General Motors now says it will support efforts by the United Auto Workers union to organize employees at two U.S. electric vehicle battery factories that it's building in Ohio and Tennessee with a joint-venture partner.
May 25, 2021
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2
Energy & Green Tech
A Korean auto supplier will invest $10 million and hire 285 people northeast of Atlanta to make parts that will accompany electric vehicle batteries that SK Innovation will produce nearby.
May 21, 2021
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4
Automotive
Carmaker Stellantis and Taiwan's Foxconn on Tuesday announced plans to develop a jointly operated automotive supplier focusing on technology to make vehicles more connected, including artificial intelligence-based applications ...
May 18, 2021
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4
Automotive
General Motors says it's looking for a site to build a second U.S. battery factory with joint venture partner LG Chem of Korea.
Mar 4, 2021
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1
Business
Companies including the Chinese arm of TripAdvisor Inc. have been ordered by regulators to overhaul their mobile phone apps in what the Chinese government said is a crackdown on pornography and other improper content.
Dec 9, 2020
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6
Business
Online services Yahoo Japan and Line Corp. said Tuesday the fallout from the coronavirus pandemic is causing delays that will push back their merger to later than the scheduled October date.
Jun 30, 2020
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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
