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Hovnanian, GTIS expand joint venture acquisitions

A joint venture formed by homebuilder Hovnanian Enterprises Inc. and real estate investment firm GTIS Partners has acquired five communities across three states. Full story

BP and Rosneft close deal on German joint venture

BP PLC says Russia's state-backed Rosneft has completed a deal to become the British company's partner in German refining joint venture Ruhr Oel GmbH. Full story

Oregon PUC OKs NW Natural's Wyo. gas field venture

The Oregon Public Utility Commission has cleared the way for Portland, Ore.-based Northwest Natural Gas. Co. to enter a joint venture to develop gas fields in Wyoming. Full story

MillerCoors promotes exec to CEO job

MillerCoors said Wednesday that Tom Long will take over as CEO of the brewer in June when its current CEO, Leo Kiely, retires. Full story

Global automakers unveil local China brands

Some of the new Chinese cars unveiled at this week's Shanghai Auto Show are affordable for millions of buyers — a happy development for Beijing that might prove costly for the global automakers producing them. Full story

Morgan Stanley's income falls on weak bond trading

A sharp drop in bond trading revenues and deep losses at a Japanese investment led to a 48 percent decline in Morgan Stanley's first-quarter income. Full story

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Philips 1Q profits fall 32 percent, ditches TV arm

German, French phone firms plan purchasing venture

Yara to probe possible breaches in Libyan JV

Texas energy company to appeal Colorado sanction

Daimler and Bosch establishing joint venture

Bunge, Seacor unit to build Midwest grain terminal

Merck, Sun plan emerging markets joint venture

Siemens exits nuclear joint venture with Areva

Caterpillar to form venture to build transmissions

Sanofi, Merck abandon animal health joint venture


  How to build a "magic" window

Microsoft Research is working on the technologies necessary to create theultimate 3-D display, one you gaze through to see and interact with peopleor locations on the other side of the planet that seem only just beyondyour reach. ( is a joint venture of Microsoft and NBC Universal.)