POST Online Media Lite Edition



 

Highlights: December 5 - December 12, 2015

Staff writer |
The summary of the last week's key headlines and the most interesting stories.




GE won't sell its Appliances business to Electrolux

GE said it has terminated its agreement to sell its Appliances business to Electrolux and will now pursue other options to sell the Appliances business. ...

Europe will invest €392 million in Portuguese maritime

The European Commission has announced its key investment package for the Portuguese maritime, fisheries and aquaculture sectors for 2014-2020....

Indonesia's tea exports is forecast to drop by 40 percent

Indonesia's tea exports is forecast to drop by as much as 40 percent to some 48,000 tons by the end of the year as production fell amid one of the country's worst droughts in decades....

JAB Holding to buy Keurig Green Mountain for $13.9 billion

Keurig Green Mountain and JAB Holding Company announced that the companies have entered into a definitive merger agreement under which a JAB-led investor group will acquire Keurig Green Mountain for $92 per share in cash....

Devon Energy to buy Anadarko Basin assets for $1.9 billion

Devon Energy will buy some assets in the Anadarko Basin from Felix Energy for $1.9 billion. Devon will acquire 80,000 net acres, with up to 10 prospective zones, in the Anadarko Basin which is spread over Oklahoma and Texas....

Arcadis wins £1 billion Manchester Airport Transformation Program

Arcadis has been appointed by Manchester Airports Group (M.A.G) as its sole Managed Service Provider, leading a 10-year program of work to deliver the £1 billion Manchester Airport Transformation Program....

CMA CGM offers $2.4 billion for Singapore NOL

CMA CGM, the world's third-largest container shipping firm, made a S$3.4 billion ($2.43 billion) offer to buy Singapore's Neptune Orient Lines to expand its presence on trans-Pacific routes....

L-3 Communications to sell government services business for $550 million

L-3 Communications Holdings will sell its government services division, National Security Solutions to CACI International for $550 million in cash....

Europe goes after Qualcomm, company faces $5 billion fine

The European Commission, concerned that Qualcomm's actions may have pushed out competitors, filed antitrust charges against the company....

Cambodia cuts business registration from seven days to one hour

The Cambodian Ministry of Commerce launched online business registration, reducing the time to register a company from seven days to one hour, Minister of Commerce Sun Chanthol said....

Smith & Wesson net sales increased 32.1%

Smith & Wesson Holding Corporation announced financial results for the fiscal second quarter ended October 31, 2015. Net sales were $143.2 million, an increase of 32.1% over the second quarter last year....

Siemens to increase R&D investment to €4.8 billion

In the current fiscal year 2016, Siemens will invest around €4.8 billion in research and development (R&D) – some €300 million more than last fiscal year....

U.S. nuclear industry aims to cut costs by 30%

The U.S. nuclear power industry has launched a wide-ranging initiative with the goal of cutting its electricity production costs by 30% by 2018, an industry official said....

Sanofi Pasteur gets approval for first dengue vaccine

Sanofi Pasteur, the vaccines division of Sanofi, said that the Mexican authorities have granted marketing authorization to Dengvaxia, making it the first vaccine to be licensed in the world for the prevention of dengue....

Fiat Chrysler fined $70 million for failing to report safety data

The U.S. Department of Transportation’s National Highway Traffic Safety Administration has imposed a $70 million civil penalty on Fiat Chrysler Automobiles (FCA) for its failure to report legally required safety data....

Loyal customers are bringing 50% more revenue

With consumers able to choose from an increasingly diverse mix of lodging options and booking platforms, loyalty rewards programs are perhaps more important to the appeal of large hotel chains than ever....

Atlassian becomes one of Australia's largest companies overnight

Australian software company Atlassian has become the one of the nation's largest companies overnight, after it listed on the Nasdaq stock market on Thursday....

Live Ventures posts first profitable quarter in last 27 quarters

Live Ventures Incorporated reported that its fourth quarter of its 2015 fiscal year was its first profitable quarter in the last 27 quarters, approximately 3.5 years since current management took over....

The Priceline Group invests another $500m in Ctrip

The Priceline Group agreed to invest an additional $500 million in Ctrip.com International, China's online travel company, through a convertible bond....

ConocoPhillips capital budget reduced 55%

ConocoPhillips announced its 2016 operating plan. The 2016 capital budget of $7.7 billion represents a 55% reduction compared with 2014 capital spending and a 25% reduction compared with expected 2015 capital spending....

India approves $14.7bn for Japan to make first high-speed train

India's government has approved a $14.7 billion deal for Japan to build the country's first high-speed train line....

China cars sales hit monthly record high

Automobile sales and output in China both hit record highs in November as demand continued to recover on government support policies....

DuPont and Dow to combine in merger of equals into $130 billion company

DuPont and Dow Chemical announced that their boards unanimously approved a definitive agreement under which the companies will combine in an all-stock merger of equals....

Blackstone completes $6bn acquisition of Strategic Hotels & Resorts

Strategic Hotels & Resorts announced the completion of the acquisition of the Company by affiliates of Blackstone Real Estate Partners VIII L.P.. The total transaction value is approximately $6 billion....

After 50 years direct mail flows between U.S. and Cuba

The governments of the United States and Cuba agreed to resume the direct mail service interrupted some 50 years ago....

Horizon Pharma to buy Crealta for $510 million

Horizon Pharma has entered a definitive agreement to acquire Crealta Holdings for $510 million in cash....

Russia now has its own rating agency

Russia has launched its own rating agency as it seeks to counterbalance the influence of Western agencies....


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