That will put it close behind No. 1 Cingular Wireless --a joint venture between SBC Communications (nyse: SBC - news - people ) and BellSouth (nyse: BLS - news - people )--and No. 2 Verizon Wireless --a joint venture of Verizon Communications (nyse: VZ - news - people ) and Vodafone Group (nyse: VOD - news - people ).

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But a lawsuit filed in 2004 by a federal bankruptcy trustee in Alabama alleges that the joint venture kept no accounting records, had few assets, held no board meetings and routinely diverted sales to Terry and Cintas.

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Final tallies of supremacy may have to wait until the merger processes are complete, but one thing is certain: Forsee's combo telecom has vaulted into the lofty elite of No. 2 provider Verizon Wireless--a joint venture of Verizon Communications and Vodafone--and the market's top dog, the JV of SBC Communications and BellSouth, Cingular.

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While the growing number of lawsuits against the NFL by former players who have suffered concussions may be at least partly responsible for the formation of this joint initiative, there is no doubt that this venture will result in important research that will evaluate the effects of trauma on the brain and brain functioning.

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To have done the Danone joint venture deal as early as Zong did in 1996 showed a lot of instinctual commercial guts and no fear of bigger, richer foreigners.

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One of the last blows, the valuation of Smith Barney that favored joint venture partner Morgan Stanley and made the transaction look like yet another blunder for Pandit, gets no mention in the latest report, but certainly could not have helped his case.

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No family time this weekend: On Saturday morning he flies to Beijing, arriving Sunday morning, to visit the joint venture Nissan has set up with China's Dongfeng Automotive to make commercial trucks.

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