March 15, 1985
By mutual agreement, the Pasadena-based company dropped out of a venture with Leisure Technology Inc. to jointly develop and manage a $25-million retirement community in Lakewood, N.J. Beverly gave no reason for its decision. Leisure said it plans to proceed with the development.
August 4, 1985
The Schneider/Tobishima Venture has announced plans to build and manage the remaining three office buildings in Hutton Centre at the Newport (55) Freeway and MacArthur Boulevard in Santa Ana. The development entity is a joint venture between Schneider/Hutton Associates, formed when the operating company and certain assets of Hutton Associates were acquired by Pittsburgh-based Schneider Group of Companies, and Tobishima Development Corp., the U. S. subsidiary of Tokyo-based Tobishima Corp.
September 11, 1997 |
Ticketmaster Group Inc. said it has purchased Time Warner Inc.'s one-third interest in their Ticketmaster-Southeast joint venture for $9.5 million in cash, giving Ticketmaster a two-thirds stake in the venture. The remaining one-third interest is owned by Seagram Co.'s MCA unit. Los Angeles-based Ticketmaster also reported profit of almost $2 million, or 8 cents a share, in the second quarter ended July 31, contrasted with a loss of $439 million, or 3 cents, in the year-ago period.
July 26, 1992
Fruehauf Trailer Corp. said Friday that it has begun a joint venture with a Chinese company to assemble trailer axles for Pacific Rim markets. The company, based in Anaheim, said that it will form Shunde Pro-Par Axle Co., which will assemble the axles at a new plant in the People's Republic of China. The plant will be located in the city of Shunde, about 30 miles south of Canton. The axles will be used on frames produced by Shunde Guang Lian Hong Communication Machinery Manufacturing Co.
February 19, 2004 |
Honda Motor Co., which this week announced a partnership with General Electric Co. on jet aircraft engines, is considering forming a joint venture with Los Angeles-based Teledyne Technologies Inc. to make propeller plane engines. The Nihon Keizai newspaper said Honda and Teledyne were in final negotiations on a 50-50 venture in the U.S. to build propeller engines for small planes. Honda called the report "speculative."
June 26, 1998 |
Los Angeles-based Occidental Petroleum Corp. and Geon Co. of Avon Lake, Ohio, have agreed to enter into a joint venture that would create North America's largest maker of polyvinyl chloride, a type of plastic used to make pipes and other products. Occidental's chemical subsidiary, OxyChem, would own 76% of the venture and Geon would own 24%. The combination is expected to reduce operating costs by about $80 million a year, said Ray R. Irani, Occidental's chairman and chief executive.
April 18, 2001 |
Cable powerhouse Nickelodeon and Calabasas Hills-based video game publisher THQ are expected to announce today a joint venture to co-develop projects that can be first played on the PC, then broadcast on the TV. Financial details of the deal were not disclosed. Under the agreement, which executives say is designed to blur the line between games and movies, the two companies will create or obtain original entertainment properties that THQ will develop and publish as games.
January 15, 1998 |
Nerox Energy Corp., an oil and gas company, said Wednesday that it has formed a joint venture with Polaris Production in Upland to develop oil and gas fields in Southern California. Nerox indicated in a news release that it is involved in parts of two oil fields, the Yorba Linda field in Orange County and the Mahala field in the Long Beach area.
September 15, 1990 |
Chrysler Corp. renamed it ARCAD Inc. subsidiary, created as a 50-50 joint venture with The new name reflects the "JJ" code-name of a small sport-utility vehicle that the company the French auto maker Renault, as JJ International Automotive Corp., the U.S. company said. by itself or may be looking for a partner to replace Renault. In June, Chrysler said it terminated its $500-million agreement with Renault because it was no longer economically attractive.
April 28, 1998 |
A Japanese software publisher and a Bay Area game company announced Monday they will launch a joint development venture based in Costa Mesa. Square Company Ltd., the creators of the popular Final Fantasy computer game series, plans to release several new lines in the United States through its Orange County-based subsidiary, Square Soft Inc. Distribution of these and other titles will be handled by Electronic Arts, one of the world's largest computer game companies.