Singapore Telecommunications, along with Amdocs, a software provider for telecoms, have opened a new development center in Israel in addition to similar centers in Singapore and Boston.

Japan Petroleum Exploration will be taking 10% stake in the liquefied natural gas project being planned by Malaysia's oil firm Petronas in British Columbia, Canada.

Foxconn to dissolve JV with Metro AG. Foxconn Technology Group, after its failed joint venture with Metro AG, a German retailer has said it will turn to China for expansion of its retail business.

Macy's is filing charge against J.C. Penney and Martha Steward over their plans to launch Martha boutiques at Penney Stores.

A, the venture capital unit of Russia's Alfa Group, has expressed interest in forming a group to restructure troubled Central European Distribution Corp.

Both News Corp. and Walt Disney have been discussions how to settle issuing badly affecting its jointly controlled online video site Hulu LLC.

The lender is in discussion to make sale of its non-performing loans portfolio to a joint venture. Puerto Rican lender Popular Inc. announced that it has plan of selling portfolio of non-performing loans worth $568 million to a joint venture between Caribbean Property Group and Perella Weinberg Partners-affiliated funds.

Mediwatch and Genesis Medical have agree to dissolve their joint venture after they did not agree on several commercial aspects during their negotiations.

Office Depot shareholder Starboard has been calling for the sale of Mexican joint venture. Starboard Value LP has urged the shareholder board of Office Depot to explore the sale of its Mexican joint venture interest.

Richter partners with marketing arm to conquer Chinese market. Richter, the Hungarian drug maker has just entered into a joint venture partnership to be able to market its products better in the world's largest market, China.