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Jointe Ventures

December 27, 1992
"Temples of Chance" by David Johnston, reviewed by Nick Tosches Nov. 15, sounds like a must research book as I prepare to write my own memoirs. When I was 17 I hung out with Texas underworld characters and shilled for for a San Antonio after-hours gambling joint. Although I never met the legendary Benny Binion, I'm willing to bet that both David and Nick missed his point when quoting "Better to have a little joint and a big bankroll than a big joint and a small bankroll." The "players" I knew were sexy guys, and rather than advising someone on real-estate size, Binion was much more likely to have been referring to their anatomy.
October 4, 2013 | By Ryan Faughnder
Isaac Lee, the president of Univision Communications Inc.'s Univision News, has been named chief executive officer of Fusion, the soon-to-be-launched cable channel that is a partnership between the Spanish broadcaster and ABC News.  Beau Ferrari, Univision's executive vice president of operations, had been serving as acting president for Fusion. A veteran journalist and Colombia native, Lee has been overseeing the development of Fusion, which is expected to launch at the end of the month and targets the growing population of English-speaking Latinos.
April 15, 1989 | HAROLD WILLENS, Los Angeles businessman Harold Willens has long been active in promoting better U.S.-Soviet relations.
As I stood by the recently vacated Soviet army barracks, there flashed through my mind a felicitous phrase encountered somewhere in the dim past: Life is what actually happens to you while you are making all kinds of other plans. Certainly none of my "other plans" had ever included my being in this township of 50,000 about 100 miles from Leningrad. Yet here I was, participating with a small group of Americans and a large group of Soviets in a ceremony celebrating the conversion of a military facility into a factory for the manufacture of children's clothing (a consumer product so short in supply as to be desperately desired throughout the Soviet Union)
September 2, 2013 | By Walter Hamilton
In one of the largest deals in global corporate history, Verizon Communications Inc. agreed to pay $130 billion to buy Vodafone Group's 45% stake in Verizon Wireless and take full control of the nation's top wireless carrier. The deal would put to an end a joint venture launched by the two telecom giants in 2000 after a string of mergers that had altered the contours of the mobile-phone industry. Verizon had made repeated attempts during that time to acquire Vodafone's stake, but the two could not agree on price.
June 9, 1999 | Bloomberg News
Microsoft Corp. said it is working with No. 3 U.S. long-distance phone company Sprint Corp. to combine phone and data services, and wants to set standards for unified messaging that combines voicemail, e-mail and pages in one in-box. Microsoft and Sprint plan this summer to begin selling systems that manage phone services such as local, wireless and Internet access and also include voicemail and e-mail on a single computer.
August 29, 1997 | Dow Jones
L.L. Knickerbocker Co. said it has formed a 50-50 joint venture with Arkenol Holdings L.L.C. to use Arkenol's technology to make chemicals, biomass solids and liquid fuels to sell in some Asian markets. L.L. Knickerbocker said the joint venture will acquire licenses for Arkenol's technology to convert plant materials into ethanol and other chemicals. The joint venture, which is called Arkenol Asia, will sell the chemicals in Thailand, Cambodia, Burma, Vietnam, Laos and India.
May 16, 2003 | From Bloomberg News
Eastman Kodak Co. and Hewlett-Packard Co. dissolved a 3-year-old joint venture to manufacture digital picture-developing machines that the companies had said would generate as much as $1 billion in revenue by 2005. The companies developed the machines to offer retailers the ability to process small, specialized orders of photographs as a complement to the larger mini-lab machines that handle the bulk of orders in drugstores and supermarkets. Lehman Bros.
March 29, 2000 | By P.J. Huffstutter
Broadcom Corp. today will announce a multiyear joint venture with a Rohnert Park, Calif., company to transform copper telephone wires into a powerful weapon that telephone companies can wield against cable television operators. The Irvine chip maker and Next Level Communications Inc., which have worked together for the last several years, plan to co-develop chips for set-top boxes that work with very high-speed digital subscriber line, or VDSL, technology.
May 3, 2007 | Roger Vincent
Los Angeles real estate firm Watt Cos. is expected to announce today that it will sell its ownership stake in a joint venture with Centro Properties Group that owns and operates 700 shopping centers in 38 states. Australia-based Centro will take over Centro Watt, which was formed in 2003 and controls 155 million square feet of retail space. Terms have not been disclosed. -- Roger Vincent
October 8, 1996
CSL Lighting Manufacturing Inc. in Valencia has set up a joint venture with a Moroccan company to distribute lighting products in Africa, Europe and the Middle East. CSL's partner is General Technics S.A., which will design and manufacture lighting products overseas. CSL is a maker of residential and commercial lighting products.
August 15, 2013 | By Richard Verrier
UltraStar Cinemas of San Diego County has formed a joint venture to build more than 40 theaters in China, capitalizing on that country's growing appetite for movies. UltraStar said in a statement Thursday it had formed a joint venture with Letian Entertainment, a subsidiary of China's second-largest broadcast network, to develop and operate theaters throughout China, which is in the midst of a multiplex-building boom. The companies are expected to complete construction of three theaters by the end of 2013, with plans to build an additional 40 cinemas by the end of 2016.
July 22, 2013 | By Roger Vincent
Los Angeles commercial property landlord Thomas Properties Group Inc. has struck an agreement with its longtime investment partner that would allow Thomas to take full ownership of mammoth City National Plaza in downtown Los Angeles and other properties. “We want to increase the number of properties we wholly own or control,” Chief Executive James A. Thomas said. “This is a transformative opportunity for us.” Thomas Properties formed a joint venture with the California State Teachers' Retirement System in 2003 to acquire and upgrade the former Arco Plaza in downtown Los Angeles.
April 30, 2013 | By Bruce Klingner
It's time for South Korea to face facts: The Kaesong experiment has failed. The ideologically motivated joint business venture with North Korea known as the Kaesong industrial complex is not economically viable, nor has it achieved any of its political objectives. To protest recent sanctions against it, the North pulled its workers out this month and locked out workers from the South. Seoul tried to engage North Korea to resolve the dispute, coupled with an uncharacteristic deadline and a warning of "grave consequences.
October 18, 2012 | By Dawn C. Chmielewski
Creative Artists Agency and one of the top talent agencies in India, Kwan Entertainment & Marketing Solutions, have formed a joint venture to represent Bollywood talent, in a move that underscores the importance of the growing Asian market to the entertainment industry. The newly formed CAA Kwan will pursue opportunities for talent in film, television, music, commercial endorsements, sports consulting and other businesses. The company will be based in Mumbai, with offices in Delhi, Bangalore and Hyderabad.
September 24, 2012 | By David Ng
Sotheby's will expand its presence in China with a new, 10-year joint venture that will see the auction house giant team up with a state-owned Chinese art company. The deal will create a new entity called Sotheby's (Beijing) Auction Co., Ltd.  Sotheby's said the new company would be the first international fine-art auction house in China. The agreement is subject to approval from the Chinese government. Under the new deal, Sotheby's said it would focus on auctions and exhibitions.
August 12, 2012 | By Meg James, Los Angeles Times
A quarter century ago, Fox figured there was room for more than just three big TV networks. It created Fox Broadcasting, which would redefine television with shows such as "Married ... with Children,""The Simpsons,""24" and"American Idol. " Now, Fox is hoping to stage an encore. Rupert Murdoch's company on Monday unveiled MundoFox, a new Spanish-language broadcast network. A joint venture with Colombian powerhouse RCN Television Group, the network will challenge the Spanish-language media dominance of entrenched rivals Univision Communications and Telemundo.
July 25, 2012 | By Shan Li
This post has been corrected. See the note at the bottom for details. Toymaker Jakks Pacific is joining forces with Los Angeles tech firm Nantworks to develop and sell a new line of toys tied to smart devices. The toy collection will incorporate a free app designed by Nantworks that uses image-recognition technology to recognize objects and trigger photos, animations and other data to pop up on a smartphone or tablet computer. For example, a smartphone with the app open can be pointed to a costume tiara -   and on the phone's screen, hair could be programmed to digitally grow from the crown, said Stephen Berman, Jakks' chief executive.
March 23, 2012 | By David Pierson, Los Angeles Times
In the latest sign of China's rising importance in the global aviation industry, Cessna Aircraft Co. said it would develop a plan to build business jets with the state-owned Aviation Industry Corp. of China. The announcement paves the way for Cessna of Wichita, Kan., to become the first U.S. aircraft maker to manufacture business jets in China, the fastest-growing market for the multimillion-dollar planes. "We believe China represents a significant opportunity for growth," said Scott Donnelly, chief executive of Cessna's parent company, U.S. conglomerate Textron Inc., at a signing ceremony Friday at the Great Hall of the People in Beijing.
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