In a news report in the Italian daily Il Messagero, a letter from Air France CFO criticized Alitalia for the lack of information regarding key decisions made on their joint venture where it owns 25%.
Co-investment
Shareholder insists Alitalia on keeping Air France-KLM as partner
Intesa Sanpaolo chief executive officer Carlo Messina wanted Italian carrier Alitalia to have Air France-KLM as its industrial partner.
Cliffwater LLC and Virtus Investments form new advisory firm
The new venture of Cliffwater LLC and Virtus Investments would be called Cliffwater Investments. Multi manager asset management business operator Virtus Investment Partners together with leading advisory firm Cliffwater LLC announced the establishment of Cliffwater Investments LLC.
Mubadala Petroleum in expansion mode
The subsidiary of UAE's Mubadala is on an expansion mode. Mubadala Petroleum has been looking to expand into overseas markets such as Thailand and Indonesia, as well as commence exploration work in Tanzania within 2013.
KKR partners with Associated Partners, chips in USD100 million to build wireless infrastructure
Sources told the Wall Street Journal that KKR & Co would be pouring in an initial USD100 million in a wireless communications infrastructure project with investment firm Associated Partners LP.
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Davaadorj Ganbold said that major issues between the mining firm and the government have been ironed out but some still remain.
Boeing Co and Lockheed Martin Corp said they had formed an alliance to bid for the US Air Force long-range bomber program.
The Foreign Investment Promotion Board provides approval Tata-SIA venture. The Indian government approved the proposal from Singapore Airlines to commence an aviation venture with Tata Sons through an initial foreign direct investment of USD49 million.
Bharti Airtel and Airtel Broadband had announced the approval of the merger plan between the two Indian telecommunications firms.
Sun Life Everbright Insurance Co, the joint venture firm between Canada-based Sun Life Financial and state-controlled China Everbright Group, would turn a profit by 2015.
Peugeot weighing options between a cost cutting partnership with GM or an expansion push with Dongfeng.
Goldman Sachs becomes the latest investment firm to open its own Mexican brokerage firm. Goldman Sachs Group Inc had announced the opening of a local broker-dealer firm in Mexico.
New Martha Stewart-JC Penney partnership leaves out former's home goods products due to Macy dispute
JC Penney Co Inc and Martha Stewart Living Omnimedia said that its partnership agreement would be leaving out Martha Stewart-branded cookware, bedding and bath products that had been exclusively designed for Macy's Inc.
Egypt was able to leverage a longer term to pay back the aid package provided by Kuwait. Kuwait had given Egypt five years to repay a USD2 billion central bank deposit.
