Partnerships

Eastman Kodak Co. agreed to work with IBM Corp. to make image sensors for digital cameras and camera phones. Terms of the multiyear partnership weren't disclosed. IBM will contribute its semiconductor technology to help Kodak develop sensors with better image quality, the companies said. Kodak Chief Executive Daniel Carp is making acquisitions and forming partnerships to add digital products and services as demand for film declines. Shares of Rochester, N.Y.-based Kodak rose $1.17, or 3.

While the Parent Teacher Student Assn. at Cleveland High School in Reseda has managed for several years to raise money by selling refreshments at high school football games, some of its members have decided they have to get beyond hotdogs and sodas. Now, they're trying to go corporate.

CMGI Inc., an Internet venture capital company, along with Hicks, Muse, Tate & Furst Inc. and Pacific Century CyberWorks Ltd. formed a partnership to invest $1.5 billion in Internet companies outside the U.S. Each company will invest as much as $500 million in the partnership, to be named AtVentures Global Partners. The companies plan to open offices in London and Hong Kong to manage investments in Asia, Europe and South America.

General Electric Co. and Hitachi Ltd. on Monday launched a joint nuclear business to capitalize on rising demand for electricity and increasing concerns about carbon dioxide emissions from coal-fired power plants. John Krenicki, president and chief executive of GE Energy, said that nuclear plants produced virtually no carbon gases and that reactors could take the place of aging power plants that rely on fossil fuels.

Northlake, a 1,700-acre master planned community project in the Santa Clarita Valley, is one of 27 land development projects purchased by a partnership that includes CalPERS, Newland Communities of San Diego and Institutional Housing Partners of Irvine. Northlake is part of the portfolio of Genstar Land Co. bought by CalPERS and its partners for $223 million. CalPERS provided 90% of the funding.

Golden Systems Inc., a Simi Valley maker of computer power supplies, said it has entered into a letter of intent to pursue a partnership with a Scottish firm, Magnum Power PLC. The agreement will allow Golden Systems to meld technology developed by Magnum into the power supplies that Golden Systems makes for the personal-computer industry. The value of the agreement was not released.

Drug distributor Bergen Brunswig Corp. said Wednesday that it has formed a partnership with a subsidiary of the California Pharmacists Assn. to help independent pharmacies break into the managed-care market. An increasing number of drugstore chains are signing on with managed-care drug programs--similar to health maintenance organizations--but smaller, community pharmacies are facing extinction because of revenue lost to chains.

Nicolas Junior High will seek a $9,000 grant to fund a program that aims to forge a partnership between the school and Latino parents. The program, called Literacy, Language and Validating Expectations, sends school staffers into homes to discuss test results and stress the importance of student attendance.

Ingram Micro Inc. and Global Knowledge Network entered into a strategic partnership to expand Ingram Micro's technical classroom training program. Terms of the agreement were not released. Ingram Micro, the world's largest distributor of computer products, said it will offer resellers technical instruction classes exclusively through Global Knowledge Network.

LJM2 Co-Investment, an Enron Corp. partnership used to keep debt off the energy trader's books, said it filed for bankruptcy protection in the face of lawsuits seeking to recoup at least $70 million in loans. LJM2 officials said they filed for Chapter 11 protection in U.S. Bankruptcy Court in Dallas because of suits brought earlier this year by a unit of Dresdner Bank and other lenders over the partnership's failure to pay back loans. The lawsuits contend LJM2 investors removed Michael J.