POST Online Media Lite Edition



 

Highlights: February 15, 2015 - February 20, 2015

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

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Cybercrime ring steals up to $1 billion from banks
Sunday February 15, 2015 2:30PM
A multinational gang of cyber criminals has stolen as much as $1 billion from as many as 100 financial institutions around the world in about two years, Russian computer security company Kaspersky Lab said....
Zillow Q4 revenue increased 58%
Monday February 16, 2015 2:30AM
Zillow, Inc announced financial results for the fourth quarter ended December 31, 2014. Revenue increased 58% to a record $92.3 million from $58.3 million in the fourth quarter of 2013....
Air Arabia records 30% profit jump in 2014
Monday February 16, 2015 4:17AM
Air Arabia announced its financial results for the full year ending December 31, 2014, reflecting another year of continued growth and high levels of profitability....
Anbang of China to buy SNS insurance arm in deal worth $1.6 billion
Monday February 16, 2015 6:47AM
SNS Reaal, the bank and insurer owned by the Dutch government, said it had agreed to sell its Vivat insurance arm to Chinese financial group Anbang in a deal worth at least 1.4 billion euros ($1.60 billion)....
Manulife Financial earnings drop 51%
Monday February 16, 2015 7:07AM
Manulife Financial Corporation announced net income attributed to shareholders of $640 million for the fourth quarter of 2014 ("4Q14") and $3,501 million in the full year of 2014....
EU Commission supports Estonian rural life with 993 million euros
Tuesday February 17, 2015 3:37AM
The European Commission formally approved the Estonian Rural Development Plan, on the basis of which, 993 million euros in grants to promote life in rural regions will be paid, LETA/Postimees Online reports....
CaixaBank to seek a majority stake in Banco BPI, willing to give $1.3 billion
Tuesday February 17, 2015 4:07AM
CaixaBank announced its intention to make a voluntary public tender offer in cash to acquire all outstanding shares that it does not already own in Banco BPI, S.A., in which CaixaBank is already the largest shareholder with 44.1% of the share capital and four members of the board....
Fairfax Financial Holdings to buy Brit plc for $1.88 billion
Tuesday February 17, 2015 4:27AM
Fairfax Financial Holdings has reached an agreement with Brit plc to acquire all of the outstanding shares of Brit. Brit is a market-leading global Lloyd's of London specialty insurer and reinsurer....
Migao Corporation revenues increase 71%
Tuesday February 17, 2015 6:57AM
Migao Corporation, a China-based specialty potash fertilizer producer, reported financial results for the 2015 third quarter ended December 31, 2014....
China's integrated circuit revenues saw 24 times increase in 10 years
Tuesday February 17, 2015 8:37AM
China's IC design industry revenues grew from $0.5 billion to $13.2 billion, a 24 times increase between 2003 and 2013, according to PwC's "China's Impact on the Semiconductor Industry"....
Balfour Beatty sells 80% interest in Thanet OFTO
Tuesday February 17, 2015 8:57AM
Balfour Beatty, the international infrastructure group, announces the disposal of an 80% interest in the Thanet offshore transmission project (Thanet OFTO) for £40 million....
Eni net loss goes up to 2.34 billion euros
Wednesday February 18, 2015 6:27AM
Eni SpA has reported a wider net loss in the fourth quarter as the sharp drop in crude oil prices hit revenue lower and triggering hefty write-downs....
Dry season for Carlsberg: Q4 net profit down 78%
Wednesday February 18, 2015 6:47AM
Carlsberg said it will cut costs to mitigate "the significant negative earnings impact arising from the rouble weakness". It reported a net profit that fell nearly 78% in Q4....
Big six UK energy companies overcharging customers by up to £234 a year
Wednesday February 18, 2015 7:10AM
Loyal energy customers are being penalised by between £158 to £234 a year by the Big Six suppliers, the Competition and Markets Authority (CMA) revealed....
Lego overtakes Ferrari as the world's most powerful brand
Wednesday February 18, 2015 11:26AM
Every year, leading brand valuation and strategy consultancy Brand Finance puts thousands of the world's top brands to the test. They are evaluated to determine which are the most powerful, and the most valuable....
New York sues UPS under 'Mob law' for shipping untaxed cigarettes
Wednesday February 18, 2015 1:04PM
Attorney General Eric T. Schneiderman and New York City Corporation Counsel Zachary W. Carter announced the filing of a multimillion-dollar lawsuit alleging that United Parcel Service, Inc. (UPS) unlawfully shipped over 136 million contraband cigarettes....
London housing boom: Estate agent fees hit £1 billion
Thursday February 19, 2015 2:57AM
London's estate agents earned £1.1 billion in fees last year as a result of the City's ongoing housing boom....
Actavis net revenue increased 44 percent
Thursday February 19, 2015 3:43AM
Actavis plc reported exceptional performance with non-GAAP net revenue increasing 44 percent to $4.01 billion for the quarter ended December 31, 2014, compared to $2.78 billion in the fourth quarter 2013....
Rexam agrees to be bought by rival Ball in 4.4 billion pounds deal
Thursday February 19, 2015 5:10AM
The boards of Ball Corporation and Rexam plc have reached agreement on the terms of a recommended offer for the entire issued and to be issued ordinary share capital of Rexam by Ball UK Acquisition Limited (Bidco), a wholly-owned subsidiary of Ball....
Carlsberg Q4 net profit down 78%
Thursday February 19, 2015 5:57AM
Carlsberg said it will cut costs to mitigate "the significant negative earnings impact arising from the rouble weakness". It reported a net profit that fell nearly 78% in Q4....
Marathon Oil sets 2015 budget of $3.5 billion; 20 percent down
Thursday February 19, 2015 7:27AM
Marathon Oil Corporation announced a $3.5 billion capital, investment and exploration budget for 2015, a further 20 percent decrease since the company's December capital budget update....
Hilton Worldwide Holdings Q4 EPS increased 55 percent
Thursday February 19, 2015 9:27AM
Hilton Worldwide Holdings Inc. reported its fourth quarter and full year 2014 results. EPS, adjusted for special items for the fourth quarter increased 55 percent from the prior year to $0.17 and increased 30 percent to $0.69 for the full year....
Barrick Gold Q4 net loss $2.85 billion
Thursday February 19, 2015 11:57AM
Barrick Gold Corporation reported a fourth quarter net loss of $2.85 billion ($2.45 per share), reflecting the impact of $2.8 billion in after-tax impairment charges....
Centrica EPS went down 28%
Friday February 20, 2015 2:32AM
Centrica announced preliminary results for the year ended december 31, 2014. Group adjusted EPS went down 28%, reflecting challenging trading conditions, including extreme weather patterns and falling oil and gas prices....
Green light given to Britain's biggest offshore wind farm
Friday February 20, 2015 6:37AM
The go-ahead has been given by the British government to the building of what will be Britain's biggest offshore windfarm, with the ability to create enough energy to power two million homes....
Hormel Foods posted record net earnings of $171.72 million
Friday February 20, 2015 10:07AM
Hormel Foods reported a profit for the first quarter that increased 12 percent from last year, helped by sales growth across all five of its operating segments....
Fannie Mae net income from $84 billion to $14.2 billion
Friday February 20, 2015 1:23PM
Fannie Mae reported annual net income of $14.2 billion and annual comprehensive income of $14.7 billion in 2014....
Deere Q1 earnings from $681.1 million to $387 million
Friday February 20, 2015 1:36PM
Net income attributable to Deere & Company was $386.8 million, or $1.12 per share, for the first quarter ended January 31, compared with $681.1 million, or $1.81 per share, for the same period last year....


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