POST Online Media Lite Edition



 

Highlights: August 6 - August 10, 2018

Staff Writer |
The most interesting news, stories, and events that marked the last week.

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Amcor to buy rival Bemis for $5.25 billion

Australian packaging company Amcor said it would acquire U.S. rival Bemis in an all-stock deal valuing the U.S. company at $5.25 billion....

Tyson Foods Q3 profit up 21 percent

Tyson Foods reported a 21 percent increase in profit for the third quarter from last year on higher sales....

Japan Tobacco buying Bangladesh Akij's tobacco business for $1.5 billion

Japan Tobacco is buying the tobacco business of Bangladesh’s Akij Group for around $1.5 billion....

Wesfarmers quits coal with $635 million mine sale

Australia's Wesfarmers has agreed to sell its last coal asset for A$860 million ($635 million)....

Agrosuper to buy AquaChile for $850 million

Agrosuper, one of Chile's top food producers, said on Monday it would buy Chilean salmon company AquaChile for $850 million....

Frutarom shareholders approve $7.1 billion deal with IFF

Shareholders in flavors and ingredients maker Frutarom have approved its $7.1 billion acquisition by International Flavors & Fragrances....

Walt Disney Q3 profit up 23 percent

Walt Disney reported a 23 percent increase in profit for the third quarter, driven largely by growth in park and resorts as well as studio businesses....

Starwood Property Trust to buy debt business from GE Capital for $2.56 billion

Starwood Property Trust announced that the company has entered into a definitive agreement to acquire GE Capital's Energy Financial Services' Project Finance Debt Business and loan portfolio for $2.56 billion, including $400 million of unfunded loan commitments....

Sales of construction equipment in China up 30%

Sales of construction equipment in China will exceed 325,000 units in 2018, according to the Mid-Year Review from Off-Highway Research's Chinese Service (OHR China)....

ZTO Express Q2 revenues up 41.3%

ZTO Express, a leading and fast-growing express delivery company in China, announced its unaudited financial results for the second quarter ended June 30, 2018....

India's ambitious road development plans to cost $20.95 billion

India continues to develop its road network, with the country's ambitious plans moving ahead....

U.S. Postal Service Q3 total revenue up $402 million

The U.S. Postal Service reported total revenue of $17.1 billion for the third quarter of 2018 (April 1, 2018 - June 30, 2018), an increase of $402 million, or 2.4 percent, compared to the same quarter last year....

Merck KGaA Q2 net income down 42%

Merck KGaA maintained fiscal 2018 forecast for organic sales growth and EBITDA....

Jagged Peak Energy Q2 reported revenue jumps from $53.1 million to $158.7 million

Jagged Peak Energy announced financial and operating results for the second quarter ended June 30, 2018....

Amneal Pharmaceuticals Q2 GAAP net revenue up 59.2%

Amneal Pharmaceuticals announced its results for the quarter ended June 30, 2018....

Danish crop harvest could drop 40 percent due to drought

Due to a prolonged heatwave and drought, Denmark's harvest of wheat, barley, oat and triticale could drop about 40 percent compared with previous years, Reuters reported.... â– 


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