POST Online Media Lite Edition


Highlights: January 12, 2015 - January 16, 2015

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

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Egyptians expatriate remittances triple that of Suez Canal revenues
Monday January 12, 2015 4:17AM
The size of expatriate remittances worldwide is about $80bn annually, according to the Director of the Migration and Remittances Unit at the World Bank (WB), Dilip Ratha....
Unilever to invest £200 million in UK
Monday January 12, 2015 4:30AM
Unilever plans to expand in Merseyside with a £200 million investment that will secure jobs for the future....
China and U.S. first in internet attacks
Monday January 12, 2015 12:45PM
China and the United States were the only two countries to originate more than 10% of observed global attack traffic, according to the Akamai Technologies released its Third Quarter, 2014 State of the Internet Report....
UK pensioners to release extra £1.5bn in 2015
Tuesday January 13, 2015 2:31AM
A Saga report shows that the nation's over 50s hold a larger proportion of the UK's assets than they did at the start of the financial crisis....
Ares Management closes two real estate funds with $2.1 billion
Tuesday January 13, 2015 2:57AM
Ares Management closed two oversubscribed real estate funds with total capital commitments of $2.1 billion, said Bill Mendel, spokesman for the alternative investment firm....
Noonan: We'll recoup €30bn from banks
Tuesday January 13, 2015 4:37AM
Irish Finance Minister Michael Noonan has said the state will eventually recoup the billions that it pumped into the main banks through bailout funding....
First balanced budget in Germany in 50 years
Tuesday January 13, 2015 7:10AM
Germany has balanced the federal budget for the first time in almost half a century, helped by robust tax revenues and rock-bottom interest rates, the finance ministry said....
Chefs' Warehouse to buy Del Monte Capitol Meat for $191.2 million
Tuesday January 13, 2015 8:30AM
The Chefs' Warehouse has entered into a definitive agreement to acquire substantially all of the assets and certain equity interests of Del Monte Capitol Meat Co. and its affiliated companies for approximately $191.2 million including cash, stock and notes....
American farmers had $9.5 billion opportunity for additional revenue in 2014
Tuesday January 13, 2015 9:17AM
Although yields increased in 2014 to record levels, at least 50 million corn and soybean acres, or almost one-third, were likely unprofitable in 2014, according to a new analysis by FarmLink....
Wolverine Worldwide to see $808 million in Q4
Tuesday January 13, 2015 11:30AM
Wolverine Worldwide announced preliminary, unaudited financial results for its fourth fiscal quarter and full-year 2014 ended January 3, 2015. Results are expected to include revenue for Q4 of approximately $808 million, representing growth of 9.1% compared to prior-year revenue of $741 million....
Exxon Mobil to invest $25 billion in LNG project
Wednesday January 14, 2015 3:17AM
Exxon Mobil has submitted plans to develop what could be a $25-billion liquefied natural gas (LNG) project near Prince Rupert on British Columbia's north coast....
Mohawk Industries buys IVC Group for $1.2 billion
Wednesday January 14, 2015 9:57AM
Mohawk Industries has entered into a definitive agreement to acquire the IVC Group, which expands the company's position as the leading global flooring manufacturer....
Sources: Samsung Electronics could give $7.5 billion for BlackBerry (Update 2)
Wednesday January 14, 2015 4:43PM
Samsung Electronics recently approached BlackBerry about buying the company for as much as $7.5 billion, according to a person familiar with the matter and documents seen by Reuters....
South Korea aims for $7.7 billion in exports
Thursday January 15, 2015 2:57AM
South Korea aims to export $7.7 billion worth of agricultural goods this year by expanding presence in China, Southeast Asia and the Muslim Halal food market, the government said....
Spanish companies plan to invest $14bn in power projects in Mexico
Thursday January 15, 2015 3:17AM
Spain’s Iberdrola, Gamesa and Acciona said they planned to invest nearly $14 billion in Mexico’s energy industry between 2015 and 2018....
China promises Latin America a decade of billion dollar investments
Thursday January 15, 2015 3:57AM
China began a new era of strategic relations with Latin America during the first China-CELAC (Community of Latin American and Caribbean States) Forum ministerial meeting....
JPMorgan Chase & Co. Q4 net income $4.9 billion
Thursday January 15, 2015 8:57AM
JPMorgan Chase & Co. reported net income for the fourth quarter of 2014 of $4.9 billion, compared with net income of $5.3 billion in the fourth quarter of 2013....
$375 billion wasted on billing and health insurance-related paperwork
Thursday January 15, 2015 11:59AM
Medical billing paperwork and insurance-related red tape cost the U.S. economy approximately $471 billion in 2012, 80% of which is waste due to the inefficiency of the nation's complex, multi-payer way of financing care, a group of researchers say....
UBS to pay record $14.4 million fine for violations in dark pool
Thursday January 15, 2015 12:59PM
U.S. securities regulators imposed a record fine on UBS Group AG's dark pool for failing to follow rules designed to ensure stock trades are executed fairly....
After two years Target to exit Canadian market
Thursday January 15, 2015 1:07PM
Target Corp. will exit Canada. The Minneapolis-based retailer announced that it will close its 133 stores after just two years in the country....
Bank of America Q4 EPS down to $0.25
Friday January 16, 2015 3:37AM
Bank of America Corporation reported net income of $3.1 billion, or $0.25 per diluted share, for the fourth quarter of 2014, compared to $3.4 billion, or $0.29 per diluted share in the year-ago period....
Tunisia's trade deficit widens, reached $7.2 billion
Friday January 16, 2015 4:17AM
Tunisia's trade deficit widened in 2014 and reached a "disquieting level" at 13.636 billion Tunisian dinars ($7.2 billion), against 11.808 billion dinars ($6.2 billion) in 2013, a 15.5% increase according the National Institute of Statistics (INS)....
Northrop Grumman get Air Force ICBM contract worth $963.5 million
Friday January 16, 2015 4:37AM
The U.S. Air Force has awarded Northrop Grumman Corporation contract for the support of Minuteman III Intercontinental Ballistic Missile (ICBM) Ground Subsystems....
TSMC Q4 revenue increased 52.6%
Friday January 16, 2015 4:57AM
TSMC announced consolidated revenue of NT$222.52 billion, net income of NT$79.99 billion, and diluted earnings per share of NT$3.08 ($0.50 per ADR unit) for the fourth quarter ended December 31, 2014....
Air Europa orders Dreamliners for $3.6 billion
Friday January 16, 2015 6:03AM
Boeing and Air Europa announced an order for 14 787-9 Dreamliners, valued at $3.6 billion at list prices, the largest ever Boeing widebody order from a Spanish carrier....

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