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100 Articles About its board

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BRIEF-Caterpillar Announces Officer Appointment

* ITS BOARD OF DIRECTORS HAS APPOINTED TONY FASSINO A COMPANY VICE PRESIDENT Source text for Eikon: Further company coverage:

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BRIEF-3D Signatures Inc Announces Changes To Its Board Of Directors

* 3D SIGNATURES INC. ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS Source text for Eikon: Further company coverage:

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UPDATE 3-Newell Brands says activist Starboard seeks to replace board

Feb 9 (Reuters) - Newell Brands said on Friday that activist investors Starboard Value LP and Opportunity Master Fund Ltd want to nominate ten directors to its board of directors, seeking to replace the Sharpie pen maker's current slate.

businessNews reuters.com

Guess forms committee to oversee investigation against co-founder

(Reuters) - Fashion retailer Guess Inc on Friday said its board had formed a special committee to oversee an ongoing investigation into allegations of improper conduct by co-founder Paul Marciano.

businessNews reuters.com

Bank of America board approves CEO Moynihan's 2017 incentive compensation

(Reuters) - Bank of America Corp said on Friday its board had approved Chief Executive Brian Moynihan's incentive compensation for 2017.

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BofA board approves CEO Moynihan's 2017 incentive compensation

Feb 9 (Reuters) - Bank of America Corp said on Friday its board had approved Chief Executive Brian Moynihan's incentive compensation for 2017.

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UPDATE 1-Newell Brands says activist Starboard seeks to replace board

Feb 9 (Reuters) - Newell Brands said on Friday activist investors Starboard Value LP and Opportunity Master Fund Ltd want to nominate 10 directors to its board, seeking to replace the Sharpie pens maker's current slate of nine.

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BRIEF-Cemtrex Appoints New Member To Its Board

* CEMTREX INC - ‍APPOINTMENT OF METODI FILIPOV AS ITS NEWEST INDEPENDENT BOARD MEMBER​ Source text for Eikon: Further company coverage:

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Qualcomm rejects Broadcom's revised buyout offer

(Reuters) - Chipmaker Qualcomm Inc said on Thursday its board had unanimously rejected Broadcom Ltd's revised $121 billion buyout offer.

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BRIEF-Purple Innovation Appoints Adam Gray To Its Board Of Directors

* PURPLE INNOVATION APPOINTS ADAM GRAY TO ITS BOARD OF DIRECTORS Source text for Eikon: Further company coverage:

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Tezos Foundation appoints new board member

NEW YORK (Reuters) - A Swiss foundation that controls the money raised for cryptocurrency project Tezos has appointed businessman Lars Haussmann to its board, it said in a statement on Wednesday.

Global Warming nytimes.com

A Science Denier at the Natural History Museum? Scientists Rebel

More than 200 scientists and other academics are asking the American Museum of Natural History to remove Rebekah Mercer, an influential donor to conservative causes, from its board.

cnn.com

Aung San Suu Kyi ally quits board over Rohingya crisis

One of Aung San Suu Kyi's closest allies has resigned from an international advisory board calling it a "cheerleading squad for government policy" that's failing to address the Rohingya crisis.

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SandRidge rebuffs Icahn, boosting ruckus over shale firm's fate

(Reuters) - U.S. shale oil producer SandRidge Energy Inc rejected demands from activist investor Carl Icahn on Tuesday to replace two of its board members and amend its bylaws, saying any changes should be approved by a majority of shareholders.

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Nestle nominates three board directors to help advance strategy

LONDON (Reuters) - Nestle proposed three new independent directors to its board on Thursday, as the world's largest food company seeks to accelerate its transformation into a health-conscious company.

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Oil producer Obsidian Energy hits back at activist FrontFour Capital

Jan 17 (Reuters) - Canadian oil sands producer Obsidian Energy Ltd said on Wednesday it could not add major shareholder FrontFour Capital's candidate to its board, despite "extensive" negotiations.

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BRIEF-WEC Energy Group Increases Number Of Directors On Its Board To 14

* WEC ENERGY GROUP INC - ON JAN 10, 2018, BOARD INCREASED NUMBER OF DIRECTORS CONSTITUTING THE BOARD FROM 13 TO 14 Source text : [http://bit.ly/2qXSfl4] Further company coverage:

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BRIEF-Homestreet Board Votes To Decline Roaring Blue Lion Capital's Charles Griege's Request To Join Board

* HOMESTREET INC SAYS ITS BOARD VOTED TO DECLINE ROARING BLUE LION CAPITAL'S CHARLES GRIEGE'S REQUEST TO JOIN CO'S BOARD Source text: (http://bit.ly/2qRaubE) Further company coverage:

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ABB elects three new board members

ZURICH, Jan 11 (Reuters) - Swiss engineering group ABB will nominate three new members to its board at the upcoming annual general meeting, it said on Thursday.

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UPDATE 6-Buffett succession gains clarity as Berkshire promotes Abel, Jain

Jan 10 (Reuters) - Berkshire Hathaway Inc on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, adding them to its board and cementing their status as the front runners to succeed Warren Buffett atop the conglomerate.

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Buffett succession gains clarity as Berkshire promotes Abel, Jain

(Reuters) - Berkshire Hathaway Inc on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, adding them to its board and cementing their status as the most likely successors to Warren Buffett atop the conglomerate.

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UPDATE 3-Buffett succession gains clarity as Berkshire promotes Abel, Jain

Jan 10 (Reuters) - Berkshire Hathaway Inc on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, adding them to its board and cementing their status as the most likely successors to Warren Buffett atop the conglomerate.

technologyNews reuters.com

Europe's Altice to spin off U.S. operation, simplify business

(Reuters) - Telecoms and cable group Altice NV , which is trying to reassure investors by cutting debt and shoring up business in Europe, said on Monday its board has approved plans to spin-off its U.S. unit from its European operation.

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UPDATE 3-Europe's Altice to spin off U.S. operation, simplify business

Jan 8 (Reuters) - Telecoms and cable group Altice NV , which is trying to reassure investors by cutting debt and shoring up business in Europe, said on Monday its board has approved plans to spin-off its U.S. unit from its European operation.

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UPDATE 2-Europe's Altice to spin off U.S. operation, simplify business

Jan 8 (Reuters) - Telecoms and cable group Altice NV , which is trying to cut debts of around 50 billion euros ($59 billion), said on Monday its board has approved plans to spin-off its U.S. unit from its European operation.

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Altice announces separation of U.S., European businesses

(Reuters) - Telecoms and cable group Altice NV , which is trying to cut debts of around 50 billion euros ($59 billion), said on Monday its board has approved plans to spin-off its U.S. unit.

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UPDATE 1-Altice announces separation of U.S., European businesses

Jan 8 (Reuters) - Telecoms and cable group Altice NV , which is trying to cut debts of around 50 billion euros ($59 billion), said on Monday its board has approved plans to spin-off its U.S. unit.

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BRIEF-Eldorado Gold Announces Update On Its Board Of Directors

* ‍JONATHAN RUBENSTEIN TO RESIGN AS A DIRECTOR AND ROBERT GILMORE HAS STEPPED DOWN AS CHAIRMAN OF BOARD​

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BRIEF-Laureate Education Announces Changes To Its Board

* LAUREATE EDUCATION INC ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS

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Exxon Mobil to ease restrictions on shareholder talks with directors

HOUSTON (Reuters) - Exxon Mobil Corp said on Wednesday its board had ended a prohibition on outside directors meeting with shareholders, halting a long-standing policy that rankled big investors and led some to vote against key directors.

businessNews reuters.com

P&G appoints Peltz to board despite losing proxy battle

(Reuters) - Procter & Gamble Co said it appointed Nelson Peltz to its board despite the activist investor narrowly losing a months-long proxy fight, the biggest ever involving a U.S. company.

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UPDATE 1-P&G appoints Peltz to board despite losing proxy battle

Dec 15 (Reuters) - Procter & Gamble Co said it appointed Nelson Peltz to its board despite the activist investor narrowly losing a months-long proxy fight, the biggest ever involving a U.S. company.

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Procter & Gamble appoints Nelson Peltz to board

Dec 15 (Reuters) - Procter & Gamble Co said it appointed activist investor Nelson Peltz to its board following a certified recount of shareholder votes cast at its annual meeting in October.

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BRIEF-Arrow Electronics Names Steven H. Gunby As A New Director To Its Board

* ARROW ELECTRONICS NAMES STEVEN H. GUNBY AS A NEW DIRECTOR TO ITS BOARD

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BRIEF-Bombardier Appoints Diane Giard To Its Board

* APPOINTMENT OF DIANE GIARD TO ITS BOARD OF DIRECTORS Source text for Eikon: Further company coverage:

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Teva's Yitzhak Peterburg resigns from board

Dec 12 (Reuters) - Teva Pharmaceuticals Industries Ltd said on Tuesday Yitzhak Peterburg, who previously served as the company's chairman and interim chief executive, resigned from its board, effective immediately.

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BRIEF-Cohbar Increases its Board Size To Six On John Amatruda's Appointment

* COHBAR INC - ON DEC, 6 BOARD OF DIRECTORS OF CO INCREASED NUMBER OF ITS DIRECTORS TO SIX AND APPOINTED JOHN AMATRUDA, AS A MEMBER OF BOARD-SEC FILING Source : ( http://bit.ly/2jaYtdY ) Further company coverage:

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Oracle's Safra Catz among two new members named to Disney board

(Reuters) - Media company Walt Disney Co on Thursday named Oracle Corp's chief executive, Safra Catz, and her counterpart at Illumina Inc , Francis A. deSouza, to its board.

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Canada's Rogers Communications says chairman to step down Jan 1

TORONTO, Dec 7 (Reuters) - Canada's Rogers Communications Inc said on Thursday that the chairman of its board, Alan Horn, will step down effective Jan. 1 and be replaced by Edward Rogers, the company's current deputy chair and son of founder Ted Rogers.

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T-Mobile board approves up to $1.5 billion buyback program

(Reuters) - U.S. wireless carrier T-Mobile US Inc said on Wednesday its board authorized a buyback program for up to $1.5 billion of the company's common stock.

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UPDATE 2-Exactech gets higher $737 mln cash offer from TPG Capital

Dec 4 (Reuters) - Medical device maker Exactech Inc said on Monday TPG Capital raised its offer to buy the company to $737 million cash and its board agreed to the amended terms, saying the offer was in the best interests of shareholders.

businessNews reuters.com

Rio Tinto holds course as it looks inward for new chairman

SYDNEY (Reuters) - Global miner Rio Tinto signaled on Monday it will stick with its "value over volume" strategy, outlining further moves to boost shareholder returns and appointing a new chairman from within its board.

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BRIEF-Bellerophon Appoints Ted Wang To Its Board Of Directors

* BELLEROPHON APPOINTS TED WANG, PH.D., OF PUISSANCE CAPITAL MANAGEMENT, TO ITS BOARD OF DIRECTORS

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Activist White Tale to take demands to Clariant shareholders

ZURICH (Reuters) - Activist investor White Tale said it would take its demands directly to Clariant's shareholders after the Swiss specialty chemicals maker snubbed its request for an independent strategic review and three seats on its board of directors.

topNews reuters.com

SandRidge sets poison pill after Icahn reveals stake

(Reuters) - SandRidge Energy Inc said on Monday its board approved a plan to limit stake ownership in the company, days after activist investor Carl Icahn revealed a 13.5 percent stake, saying he would vote against the oil producer's bid for rival Bonanza Creek Energy .

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BRIEF-Marina Biotech appoints Isaac Blech to board

* MARINA BIOTECH APPOINTS ISAAC BLECH TO ITS BOARD OF DIRECTORS Source text for Eikon: Further company coverage:

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P&G continues to review vote tally as Peltz awaits board seat

(Reuters) - Procter & Gamble Co is still reviewing a tally of shareholder votes cast at its annual meeting more than a month ago, after a fierce proxy contest narrowly handed activist investor Nelson Peltz a board seat.

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BRIEF-Avivagen appoints Aubrey Dan to its board of directors

* Avivagen announces the appointment of Mr. Aubrey Dan to the board of directors Source text for Eikon: Further company coverage:

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BRIEF-Macrogenics names Jay Siegel to its board of directors

* Macrogenics names Jay Siegel to its board of directors Source text for Eikon: Further company coverage:

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BRIEF-Medicines Co names Fred Eshelman executive chairman

* The Medicines Company names Dr. Fred Eshelman as executive chairman; appoints Geno Germano to its board of directors

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BRIEF-NQ Mobile Inc authorizes up to $150 mln buyback program of shares and convertible notes

* NQ Mobile Inc. announces its board of directors has authorized an up to US$150 million buyback program of shares and convertible notes

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BRIEF-Imex Systems announces addition to its board

* Imex Systems Inc announces addition to the board achieving listing compliance Source text for Eikon: Further company coverage:

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BRIEF-Gulfport Energy Corp appoints Paul Westerman to its board of directors

* Gulfport Energy Corporation appoints Paul Westerman to its board of directors Source text for Eikon: Further company coverage:

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BRIEF-Incyte Corp names new member to its board of directors

* Incyte names new member to its board of directors Source text for Eikon: Further company coverage:

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BRIEF-Sprouts Farmers Market adds Joseph O’Leary to its board

* Sprouts Farmers Market adds Joseph O’Leary to its board of directors

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UPDATE 1-CSX postpones investor conference amid leadership shakeup

Oct 25 (Reuters) - CSX Corp, the third-largest U.S. railroad operator, said on Wednesday it was postponing an Oct. 30 investor conference to a later date, and said its board approved a $1.5 billion share buyback program.

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CSX postpones investor conference amid leadership shakeup

(Reuters) - CSX Corp , the third-largest U.S. railroad operator, said on Wednesday it is postponing an Oct. 30 investor conference to a later date, and said its board approved a $1.5 billion share buyback program.

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BRIEF-Ivanhoe Mines says has requested and accepted Marc Faber's resignation from its board

* Ivanhoe Mines requests and accepts Marc Faber’s resignation as a member of the company's Board of Directors

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BRIEF-Rosetta Stone says board unanimously voted to increase size to seven members​

* Rosetta Stone Inc - ‍board of directors of co unanimously voted to increase size of its board by one seat to seven members​ - SEC filing Source: (http://bit.ly/2gecQt7) Further company coverage:

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UPDATE 1-Qatar Investment Fund to broaden focus into Gulf beyond Qatar

DUBAI, Oct 16 (Reuters) - Qatar Investment Fund Plc is to broaden its investment strategy from focusing largely on Qatar to targeting other rich oil exporting countries in the region, its board said on Monday, adding that it would also change its name.

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BRIEF-Adamas appoints Mardi C. Dier to its board of directors

* Adamas appoints Mardi C. Dier to its board of directors Source text for Eikon: Further company coverage:

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BRIEF-Rennova Health Inc says size of its board increased to six members‍​

* Rennova Health Inc says effective October 11, 2017, co's board of directors increased the size of our board to six members‍​ Source text: (http://bit.ly/2xzdXi0) Further company coverage:

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UPDATE 1-Banco Bradesco chairman steps down, CEO takes role

SAO PAULO, Oct 10 (Reuters) - The chairman of Banco Bradesco SA, 91-year-old Lázaro de Mello Brandão, is stepping down after running its board for nearly three decades, accelerating the succession process for Brazil's second-largest private lender.

Boards of Directors nytimes.com

Procter & Gamble Declares Victory in Proxy Battle; Peltz Says, Not So Fast

The company said it defeated an attempt by the activist investor Nelson Peltz to win a seat on its board. But Mr. Peltz’s company said the vote was too close to call.

businessNews reuters.com

Trian's Peltz to face close Procter & Gamble shareholder vote

(Reuters) - Procter & Gamble Co on Tuesday will become the biggest ever company to face a shareholder vote over a proxy contest, seeking to prevent activist hedge fund Trian Fund Management LP CEO Nelson Peltz from securing a seat on its board of directors.

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RPT-UPDATE 2-GE names hedge fund Trian executive Ed Garden to board

Oct 9 (Reuters) - U.S. industrial conglomerate General Electric Co, which major shareholder Trian Fund Management has been pressuring to conduct a more thorough restructuring, appointed the hedge fund's chief investment officer to its board on Monday.

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UPDATE 2-GE names hedge fund Trian executive Ed Garden to board

Oct 9 (Reuters) - U.S. industrial conglomerate General Electric Co, which major shareholder Trian Fund Management has been pressuring to conduct a more thorough restructuring, appointed the hedge fund's chief investment officer to its board on Monday.

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UPDATE 1-GE names hedge fund Trian executive Ed Garden to board

Oct 9 (Reuters) - U.S. industrial conglomerate General Electric Co, which major shareholder Trian Fund Management has been pressuring to conduct a more thorough restructuring, appointed the hedge fund's chief investment officer to its board on Monday.

businessNews reuters.com

GE names Trian co-founder Ed Garden to board

(Reuters) - U.S. industrial conglomerate General Electric Co said on Monday it had elected Ed Garden, the founding partner and chief investment officer of activist investment firm Trian Fund Management, to its board of directors.

companyNews reuters.com

BRIEF-ConocoPhillips appoints Caroline Maury Devine to its Board

* ConocoPhillips appoints Caroline Maury Devine to its Board of Directors; announces Richard Auchinleck’s intent not to stand for re-election in 2018 Source text for Eikon: Further company coverage:

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BRIEF-Yext announces appointment of Tamar Yehoshua to its board

* Yext announces appointment of Tamar Yehoshua to its board of directors Source text for Eikon: Further company coverage:

Appointments and Executive Changes nytimes.com

In Power Move at Uber, Travis Kalanick Appoints 2 to Board

Mr. Kalanick, the former Uber chief, who has been embroiled in a fight with other directors at the ride-hailing company, moved to assert his control over its board.

companyNews reuters.com

BRIEF-Johnson Outdoors announces increase in cash dividend

* Johnson Outdoors - announced approval by its board of directors of a quarterly cash dividend of $0.010 per Class A share and $0.0909 per Class B share Source text for Eikon: Further company coverage:

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Hain Celestial, activist investor agree on board changes - WSJ

Sept 28 (Reuters) - Hain Celestial reached an agreement with activist investor Engaged Capital LLC for changes in its board, which could pave the way for a potential sale of the organic food and beverage company, the Wall Street Journal reported on Thursday.

technologyNews reuters.com

SK Hynix set to invest in Toshiba chip unit, details consortium's plans

SEOUL (Reuters) - South Korea's SK Hynix Inc said on Wednesday its board had approved its participation in a Bain Capital-led consortium that plans to purchase Toshiba Corp's memory chip unit for 2 trillion yen ($17.7 billion).

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SK Hynix board approves plan to invest in Toshiba chip unit

SEOUL, Sept 27 (Reuters) - South Korea's SK Hynix Inc said its board had approved its participation in a consortium led by Bain Capital that plans to purchase Toshiba Corp's memory chip unit for 2 trillion yen ($17.7 billion).

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BRIEF-P&G says believes adding Peltz to its board would risk its progress​

* P&G says ‍strongly believes that putting someone like Nelson Peltz on P&G's board of directors "would risk derailing company's progress​" Source text for Eikon: Further company coverage:

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BRIEF-eBay appoints Adriane Brown, Diana Farrell to board

* eBay appoints Adriane Brown and Diana Farrell to its board of directors

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Progress Software rejects activist investor's demands

(Reuters) - Progress Software Corp on Tuesday rejected calls by activist investor Praesidium Investment Management to change its acquisition strategy and replace the chairman of its board.

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UK Stocks-Factors to watch on Sept 12

Sept 12 (Reuters) - Britain's FTSE 100 index is seen opening 12 points higher at 7425.4 on Tuesday, according to financial bookmakers. * SHELL: Royal Dutch Shell Plc began restarting its 325,700 barrel per day (bpd) joint-venture Deer Park, Texas, refinery on Monday night, said sources familiar with plant operations. * CABOT: Cabot Credit Management's planned 1 billion pound ($1.3 billion) initial public offering has been delayed by the resignation from its board of the former

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BRIEF-SITO appoints Karen Seminara to its board of directors

* SITO appoints former CEO of ESPN and NFL network Steve Bornstein and Nickelodeon Group CFO Karen Seminara to its board of directors

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BRIEF-Dropbox adds Hewlett Packard Enterprise's CEO Whitman to its board - blog

* Dropbox says adds Hewlett Packard Enterprise's President and Chief Executive Officer Meg Whitman to its board Source text (http://bit.ly/2eR70NJ) Further company coverage:

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Cabot IPO delayed as Provident Financial ex-CEO quits board

LONDON, Sept 11 (Reuters) - Cabot Credit Management's planned 1 billion pound ($1.3 billion) initial public offering has been delayed by the resignation from its board of the former boss of Provident Financial.

companyNews reuters.com

BRIEF-Blumetric Environmental appoints Jane Pagel as chairman of its board

* Says Jane Pagel appointed chairman of the board Source text for Eikon: Further company coverage:

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UPDATE 2-Tenet to replace CEO, board directors under activist pressure

NEW YORK, Aug 31 (Reuters) - Tenet Healthcare Corp said on Thursday it would replace longtime Chief Executive Trevor Fetter and members of its board, as pressure builds from its largest shareholder to shake up the hospital company's management.

businessNews reuters.com

Tenet to replace CEO, 'refresh' board

NEW YORK (Reuters) - Hospital operator Tenet Healthcare Corp said on Thursday it is replacing Chief Executive Trevor Fetter and would "refresh the composition of its board."

companyNews reuters.com

BRIEF-SPAR Group announces appointment of new president and ceo

* SPAR Group Inc - ‍Appointment of Christiaan M. Olivier as president and CEO, and a member of its board of directors, effective September 5, 2017​ Source text for Eikon: Further company coverage:

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UPDATE 1-Finish Line adopts 'poison pill', cuts profit forecast

Aug 28 (Reuters) - Finish Line Inc said on Monday its board adopted a shareholder rights plan and cut its adjusted profit forecast for fiscal 2018, sending its shares down 23 percent in aftermarket trading.

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BRIEF-The Bon-Ton Stores appoints William Tracy to its board

* The Bon-Ton Stores, Inc. appoints William Tracy to its board of directors

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BRIEF-Airgain announces share repurchase program

* Airgain Inc says its board approved a share repurchase program pursuant to which Airgain may repurchase up to $7 million of shares of its common stock Source text for Eikon: Further company coverage:

technologyNews reuters.com

Investors want former CEO Nilekani to return to Infosys board

MUMBAI (Reuters) - A group of 12 major institutional investors in Infosys Ltd has asked the Indian IT services company to bring former CEO Nandan Nilekani back on to its board to try to resolve a feud with the company's founders.

companyNews reuters.com

BRIEF-Carriage Services announces repurchase of shares from chairman of its board and CEO

* Carriage services announces repurchase of shares from its chairman of the board and chief executive officer

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BRIEF-Nasdaq's Boardvantage® to expand presence in Canada

* Nasdaq corporate solutions - plans for expansion of its boardvantage board portal, leadership collaboration software into canada Source text for Eikon: Further company coverage:

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UPDATE 1-Akzo Nobel: Elliot Advisors will end legal action, support board nominations

AMSTERDAM, Aug 16 (Reuters) - Akzo Nobel said on Wednesday it has reached an agreement with its largest shareholder, Elliott Advisors, committing the hedge fund to put legal actions against the Dutch paints company on hold and to support its board nominations.

PersonalFinance reuters.com

Wells Fargo announces board changes, names new chair

(Reuters) - Wells Fargo & Co on Tuesday announced multiple changes in its board of directors, including a new chair, adding a new independent director and changing the composition of board committees.

companyNews reuters.com

UPDATE 1-Corvex warns of proxy fight with Energen after raising stake

Aug 14 (Reuters) - Corvex Management threatened a proxy battle against Energen Corp if the U.S. oil and gas producer did not agree to add the activist investor's nominees to its board.

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Raytheon names former U.S. deputy defense secretary to board

Aug 14 (Reuters) - Tomahawk missile maker Raytheon Co on Monday named former U.S. Deputy Defense Secretary Robert Work as a director to its board.

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Brazil's BRF may sell up to $165 mln in stock to boost cash

SAO PAULO, Aug 10 (Reuters) - Brazilian food processor BRF SA said late on Thursday that its board of directors authorized the company to sell up to 13.4 million shares currently held by its treasury department.

companyNews reuters.com

BRIEF-Katie J. Stanton appointed to Time Inc. board of directors

* Time Inc - ‍appointment of Katie J. Stanton, former vice president, Global Media at Twitter, to its board of directors​ Source text for Eikon: Further company coverage:

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Toyota board to consider expanded alliance with Mazda

Aug 3 (Reuters) - Toyota Motor Corp on Thursday said its board of directors will consider a proposal about further partnership with rival Mazda Motor Corp, after a report the Japanese automakers plan to build a factory together in the United States.