New York - Vevo, the online music video portal joint venture between Universal Music Group, Sony (NYSE: SNE) Music and Abu Dhabi Media Company, has signed AT&T (NYSE: T) as the first sponsor of the site. read more

When you’re a company that makes revenues almost exclusively from the sale of mobile handsets, whoring of patents aside, then you take counterfeit hardware pretty seriously. In China it’s really easy to find a Nokia ( NYSE: NOK ) clone, powered by a MediaTek chipset, running some local operating system that most users in the region have no problem using. That is why today Nokia has announced that they’re teaming up with SAP and Giesecke & Devrient to start a new company called “Original1″ by

ChinaBio Today submits: Sanofi-Aventis (NYSE: SNY ) signed a letter of intent last Saturday to establish a joint venture with Minsheng Pharmaceutical Group of Hangzhou. The JV will focus on OTC vitamin and mineral products. Minsheng already produces the best selling product in the sector: 21-Super Vita multivitamin-multimineral tablets. For Sanofi-Aventis, the JV will provide an entry into China’s OTC market. Sanofi-Aventis will have the majority share in the JV. No other financial details

On Oct 16th China Real Estate Information Corporation ( NASDAQ: CRIC ), a joint venture between Chinese portal Sina Corporation ( (USA) NASDAQ: SINA ) and realty agency E-House (China) Holdings Ltd. ( NYSE: EJ ), IPO’d on the NASDAQ and jumped 18% on its first day of trading. The stock, whose IPO price is $12, had a run of up to $17 last week, but is now more modestly priced at $14. That gives CRIC a market cap of US$1.96B, just US$300MM shy of Sina’s current market cap of US$2.24B. Sina

Caterpillar Inc. (NYSE:CAT) chief executive Jim Owens called the recently ended third quarter the "low point for Caterpillar sales and revenue." The heavy equipment manufacturer reported sales of $7.29 billion for the quarter, down 44% from the same period a year earlier. Profit for the quarter dropped to $404 million, from $868 million. It's been a brutal year for CAT, which in early 2009 posted its first quarterly loss in 17 years . The company responded with a restructuring initiative