POST Online Media Lite Edition



 

Highlights: January 18, 2015 - January 24, 2015

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

Article continues below






Wanda says four investors to put $3.9b into 20 new malls
Monday January 19, 2015 2:27AM
China's Dalian Wanda Commercial Properties Co Ltd on Wednesday said four investors have agreed to contribute 24 billion yuan ($3.87 billion) over the coming two years as the first tranche of funding to build around 20 shopping malls....
Telecom Egypt signs $2 billion deal with mobile operators
Monday January 19, 2015 5:57AM
Telecom Egypt has signed a EGP15bn ($2 billion) agreement to provide infrastructure and international calling services to mobile carriers, Mobinil and Vodafone, for five and three years, respectively, Ahram Online reported....
Balfour Beatty gets £1.5 billion public framework deal
Monday January 19, 2015 6:10AM
Balfour Beatty has been appointed as the sole contractor to a new UK-wide civil engineering and infrastructure framework for public works. The framework is valued at up to £1.5 billion, runs until February 2019 and individual projects are expected to be valued at up to £40 million....
AT&T buys Iusacell, will have noncash, pre-tax loss of $7.9 billion
Monday January 19, 2015 8:17AM
AT&T has closed its $2.5 billion acquisition of Mexican wireless provider Iusacell from Grupo Salinas. AT&T acquired all of Iusacell's wireless properties, including licenses, network assets, retail stores and approximately 9.2 million subscribers....
Pemex to save $1.45 billion by 2018
Tuesday January 20, 2015 5:06AM
Mexico's state-owned company Pemex expects to save more than 21.3 billion pesos ($1.45 billion) by consolidating the procurement process by 2018....
Halliburton Q4 2014 income $1 billion
Tuesday January 20, 2015 7:30AM
Halliburton said income from continuing operations for the fourth quarter of 2014 was $1 billion, or $1.19 per diluted share, excluding restructuring charges of $90 million, after-tax, or $0.11 per diluted share, and Baker Hughes acquisition-related costs of $19 million, after-tax, or $0.02 per diluted share....
Schlumberger buys $1.7 billion stake in Russia's biggest driller
Tuesday January 20, 2015 8:25AM
Schlumberger, the world's largest oilfield services company, will acquire a 45.65 percent stake in the Russian Eurasia Drilling Company for approximately $1.7 billion....
Petrofac to work in Kuwait for $4 billion
Wednesday January 21, 2015 4:37AM
Petrofac has received an award notification for the first phase of Kuwait Oil Company's (KOC) Lower Fars heavy oil development programme, which is located in the north of the country....
Baker Hughes Q4 2014 revenue $24.6 billion
Wednesday January 21, 2015 4:57AM
Baker Hughes Incorporated announced results for the fourth quarter of 2014. Revenue for the year was a record $24.6 billion, up 10% compared to $22.4 billion for 2013....
Boris Johnson's £145 million to repair thousands of low cost homes
Wednesday January 21, 2015 6:30AM
Thousands of aging council homes across the capital are set to be renovated and repaired, thanks to a £145 million funding boost from the Mayor of London, Boris Johnson....
Chinese trade with UK reaches record $81 billion in 2014
Wednesday January 21, 2015 7:10AM
Bilateral trade between China and the United Kingdom hit a record high in 2014, and China's investment in the UK also saw robust growth, a Chinese senior diplomat said....
Samsung and Apple bought $57.9 billion of semiconductors in 2014
Wednesday January 21, 2015 8:10AM
Samsung Electronics and Apple remained the top semiconductor buyers in 2014, representing with a combined semiconductor demand of 17 percent, according to Gartner, Inc. Samsung Electronics and Apple together consumed $57.9 billion of semiconductors in 2014, an increase of $3.9 billion from 2013....
Cheung Kong Infrastructure buys Eversholt Rail for $3.8 billion
Wednesday January 21, 2015 9:57AM
Hong Kong's Cheung Kong Infrastructure Holdings has bought Britain's Eversholt Rail for an enterprise value of 2.5 billion pounds ($3.8 billion), the latest in a string of Asian buyers targeting European assets....
Midwest healthcare companies raise $1.8 billion in 2014
Wednesday January 21, 2015 1:57PM
Midwest healthcare companies attracted $1.8 billion in new investments across 243 companies in 2014 according to the BioEnterprise Midwest Healthcare Growth Capital Report....
UK unemployment falls to 1.9 million
Thursday January 22, 2015 2:19AM
The number of people out of work in the UK fell by 58,000 to 1.91 million, its lowest level for more than six years, in the three months to November, official figures indicate....
Vienna 2014: Tourism report reveals new record
Thursday January 22, 2015 4:17AM
Vienna's tourism industry has just experienced its best year ever: 13.5 million visitor overnights, 6.3% more than in 2013, represent a new all-time high. ...


SpaceX got $1 billion from Google and Fidelity
Thursday January 22, 2015 6:57AM
Space Exploration Technologies (SpaceX) has raised a billion dollars in a financing round with two new investors, Google and Fidelity....
Sallie Mae GAAP net income from $60 million to $20 million
Thursday January 22, 2015 9:17AM
Sallie Mae released fourth-quarter 2014 and full-year 2014 financial results that include the effects of $4.1 billion in private education loan originations, up 7 percent from last year....
ECB starts 1 trillion euros plan to revive euro economy
Thursday January 22, 2015 1:00PM
The European Central Bank launched a government bond-buying program which will pump hundreds of billions in new money into a euro zone economy....
Family dollar stockholders approve Dollar Tree Merger
Thursday January 22, 2015 1:03PM
Family Dollar Stores announced that, based on a preliminary count of the votes cast at the company's special meeting of stockholders held today, Family Dollar stockholders voted to approve the proposed merger with Dollar Tree....
United Airlines income increased by 89 percent
Thursday January 22, 2015 1:40PM
United Airlines (UAL) reported full-year 2014 net income of $1.97 billion, an increase of 89 percent year-over-year, or $5.06 per diluted share, excluding $834 million of special items....
Beijing's GDP exceeds $343.38 billion in 2014
Friday January 23, 2015 2:17AM
Beijing's gross domestic product(GDP) in 2014 topped 2.133 trillion yuan($343.38 billion), up by 7.3 percent from the previous year, local authorities said....
Hutchison Whampoa wants O2 for £10.25 billion
Friday January 23, 2015 3:57AM
Telefonica has confirmed that it is in exclusive talks with Hutchison Whampoa, owner of the mobile operator Three, for the sale of its UK subsidiary O2 for £10.25 billion in cash....
Gazprom signs $400 million credit deal with Intesa
Friday January 23, 2015 5:17AM
Russia's gas export monopoly Gazprom said that it had signed a 350 million euro ($407 million) credit agreement with Italian banking group Intesa Sanpaolo....
Starbucks delivers record Q1 revenue of $915.5 million
Friday January 23, 2015 6:10AM
Starbucks Corporation reported financial results for its 13-week fiscal first quarter ended December 28, 2014. Consolidated net revenues were $4.8 billion in Q1 2015, an increase of 13% over Q1 2014....
China's newly established firms surge 46 percent, together have $3.11 trillion
Friday January 23, 2015 6:17AM
The number of newly founded companies in China surged almost 46 percent year on year to 3.65 million in 2014, the latest data showed....
Royal Bank of Canada to buy City National for $5.4 billion
Friday January 23, 2015 8:37AM
Royal Bank of Canada has entered into a merger agreement to acquire City National Corporation, U.S. private and commercial bank serving high net worth and commercial clients....
DreamWorks to fire 500, save $30 million in 2015
Friday January 23, 2015 9:17AM
DreamWorks Animation is implementing a new strategic plan to restructure its core feature animation business to ensure the consistent and profitable delivery of the high quality films that audiences have come to expect from the studio....
McDonald's Q4 consolidated operating income decreases 20%
Friday January 23, 2015 3:07PM
McDonald's Corporation announced results for the fourth quarter and year ended December 31, 2014....
Emaar Malls net profit 23 percent higher
Saturday January 24, 2015 6:17AM
Emaar Malls has recorded full-year 2014 (FY2014) net profit of AED 1,351 million ($368 million), 23 percent higher than the net profit of AED 1,099 million ($299 million) during FY2013....


What to read next

Billions of benefits, thousands of jobs from new hub airport
Highlights: August 29 - September 2, 2016
Highlights: October 30 - October 1, 2017