POST Online Media Lite Edition



 

Highlights: February 9, 2015 - February 15, 2015

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

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Qatar Airways buys 10% of IAG, owner of British Airways and Iberia
Monday February 9, 2015 3:17AM
Qatar Airways has emerged as the owner of a 10% stake in International Airlines Group (IAG), the owner of British Airways (BA) and Iberia....
Jaguar Land Rover recalls 104,000 cars in US
Monday February 9, 2015 4:37AM
104,000 of Jaguar Land Rover cars are being recalled in the US over problems with brakes and lights. The National Highway Traffic Safety Administration in America issued notices about recall....
U.S. exports hit new annual record, reaching $2.35 trillion in 2014
Monday February 9, 2015 12:50PM
U.S. Secretary of Commerce Penny Pritzker announced that U.S. exports in 2014 set a record for the fifth consecutive year, reaching $2.35 trillion....
Canon plans to buy Sweden's Axis for $2.8 billion
Tuesday February 10, 2015 5:28AM
Canon Inc has decided to make a recommended public cash offer to the shareholders in the Swedish company Axis AB to tender all their shares in Axis to Canon....
UK businesses losing $49m a week as employees hunt for mobile phone signal
Tuesday February 10, 2015 6:37AM
Research by the small cell solution specialist, ip.access, shows that UK businesses are losing $49 million a week, with 43 percent of employees spending an hour or more searching for reliable mobile phone signals to make work-related calls....
Twitter saw increase of 40% in government requests for user information
Tuesday February 10, 2015 10:07AM
Since Twitter launched its first transparency report back in 2012, it saw an overall increase of 40 percent in government requests for Twitter user account information....
Tahoe Resources and Rio Alto Mining in $1.3-billion friendly deal
Tuesday February 10, 2015 11:57AM
Tahoe Resources and Rio Alto Mining are planning to combine their businesses to create a mid-sized silver and gold producer operating primarily in Guatemala and Peru....
Qualcomm to pay record $975 million in China antitrust case
Tuesday February 10, 2015 2:03PM
US chipmaker Qualcomm will pay $975 million to Chinese authorities to end a 14 month anti-trust investigation into its patent licensing practices....
Wanda Group acquires Infront Sports & Media from Bridgepoint for 1.05 billion euros
Wednesday February 11, 2015 2:33AM
Dalian Wanda Group Co. and three other investors beat out 11 rival bidders to acquire a 100% equity stake in Infront Sports & Media AG, an international sports marketing company based in Zug, Switzerland, from the European private equity firm Bridgepoint....
Tackling England's housing crisis would boost economy by £3.6 billion
Wednesday February 11, 2015 6:17AM
England would get a shot in the arm of £3.6 billion and 71,000 full-time jobs would be created or sustained if more affordable homes were built now to help tackle the housing crisis, according to the National Housing Federation....
PG&E wants to build 25,000 electric vehicle chargers
Wednesday February 11, 2015 6:37AM
Pacific Gas and Electric Company (PG&E) asked state regulators for permission to build an estimated 25,000 electric vehicle (EV) chargers at sites across its service area in Northern and Central California....
Starwood Hotels & Resorts to spin-off Starwood Vacation Ownership
Wednesday February 11, 2015 9:37AM
Starwood Hotels & Resorts Worldwide announced plans to spin-off its vacation ownership business, Starwood Vacation Ownership (SVO), into a separate publicly traded company....
Halliburton to cut 5,000 to 6,500 jobs on oil price collapse
Wednesday February 11, 2015 2:49PM
Halliburton Co., one of the world's largest oil-field services companies, said Tuesday it will cut 5,000 to 6,500 jobs to cope with the falling crude prices, the latest in a string of oil-field layoff announcements....
First Solar and Apple in $848 million clean energy deal
Thursday February 12, 2015 5:50AM
First Solar, Inc. announced that Apple has committed $848 million for clean energy from First Solar's California Flats Solar Project in Monterey County, California....
Cisco Q2 revenue $11.9 billion
Thursday February 12, 2015 11:47AM
Cisco reported its second quarter results for the period ended January 24, 2015. Revenue was $11.9 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.4 billion or $0.46 per share, and non-GAAP net income of $2.7 billion or $0.53 per share....
Sub-Saharan Africa's mobile-money market could grow to $1.5 billion
Friday February 13, 2015 2:29AM
The use of mobile financial services in sub-Saharan Africa could produce an estimated $1.5 billion in fees for mobile-money providers by 2019, according to research being published today by The Boston Consulting Group (BCG)....
Deputy Prime Minister secures almost £3 billion for local business
Friday February 13, 2015 2:32AM
The Deputy Prime Minister Nick Clegg is awarding close to £300 million of extra funding to help regional businesses grow in the sixth round of the Regional Growth Fund....
Air Canada reports highest annual adjusted net income in its 77-year history
Friday February 13, 2015 8:47AM
Air Canada reported full year adjusted net income of $531 million or $1.81 per diluted share compared to $340 million or $1.20 per diluted share in 2013, an improvement of $191 million or $0.61 per diluted share....
American International Group net income down 67%
Friday February 13, 2015 11:37AM
American International Group (AIG) reported a 67 percent drop in net income to $655 million, or $0.46 per share for the fourth quarter ended December 31, compared with $2 billion, or $1.34 per share, a year earlier....
Commerzbank operating profit improved by 40%
Saturday February 14, 2015 3:57AM
Commerzbank considerably increased the net profit in the 2014 financial year, further reducing risks and significantly improving the relevant capital ratios....
Expedia to buy Orbitz Worldwide in $1.6 billion worth transaction
Saturday February 14, 2015 4:07AM
Expedia, Inc. has entered into a definitive agreement under which it will acquire Orbitz Worldwide, Inc., including all of Orbitz Worldwide's brands, for $12 per share in cash, representing an enterprise value of approximately $1.6 billion....
Virgin Media to invest £3 billion in broadband, employ 6,000
Saturday February 14, 2015 7:47AM
Virgin Media is embarking on Project Lightning, the single largest investment in broadband digital infrastructure in the country for more than a decade; creating thousands of new jobs in what will be a multi-billion pound boost to the national economy....
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....


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