POST Online Media Lite Edition



 

Highlights: January 7 - January 12, 2019

Staff Writer |
The most interesting business stories that marked the last week.

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Lilly to buy Loxo Oncology in $8 billion deal

Loxo OncologyEli Lilly and Co said it would buy Loxo Oncology for about $8 billion in cash....

DXC Technology to buy Luxoft for $2 billion

Luxoft HoldingDXC Technology said it would buy Luxoft Holding for about $2 billion....

US is Europe's main soya beans supplier with imports up 112%

soybeanImports of U.S. soya beans by the European Union increased by 112% over the current market year (July-December 2018), compared to the same period in the previous year....

Swiss Sika offers to buy French chemical maker Parex for $2.6 billion

ParexSika has made a binding offer to acquire Parex from its current owner CVC Fund V. Parex is a leading manufacturer of mortar solutions including facade mortars, tile adhesives, waterproofing, and technical mortars....

Foreigners boost Chinese bond holdings to record $252 billion in December

China central bankForeign investors boosted their holdings of Chinese onshore bonds to a record high in December....

Idaho farmers making 40 percent of what they made in 2011

Idaho farmersIdaho farm income fell for a second straight year in 2018 largely due to overproduction by dairy farmers....

Anglo African Oil & Gas confirms fantastic discoveries in Congo

Anglo African Oil & GasAnglo African Oil & Gas plummeted on Monday despite a "fantastic" series of discoveries at its Tilapia licence in the Republic of the Congo....

HNA sells majority stake in Manhattan building in $422 million deal

850 Third AvenueHNA Group said it had sold a majority stake in a Manhattan building in a $422 million deal....

Eurozone jobless rate lowest since October 2008

Eurozone joblessEurozone unemployment rate unexpectedly eased in November to its lowest level in more than a decade, figures from Eurostat showed....

JB Hunt buys Cory 1st Choice Home Delivery for $100 million

JB HuntJ.B. Hunt Transport Services announced its subsidiary, J.B. Hunt Transport, has entered into a definitive agreement to purchase Cory 1st Choice Home Delivery for $100 million, to be funded using J.B. Hunt’s existing revolving credit facility....

Südzucker consolidated operating result fell significantly

SüdzuckerSüdzucker reported that in the first three quarters (1 March 2018 to 30 November 2018) of the current fiscal year 2018/19, group revenues were 5.19 billion euros compared to 5.30 billion euros, prior year....

Lao export value of finished wood products doubles in 2018

Laos wood productsThe export of finished wood products increased by 107 percent in 2018 after the government banned the export of unfinished timber and promoted value-added goods, local daily Vientiane Times reported on Friday....

Pub operator Ei Group to sell 370 properties for £348m

Ei GroupPub operator Ei Group said on Friday that it has agreed to dispose of 370 properties to Tavern Propco Limited for £348m in cash....

Virgin Atlantic buys Flybe for $2.8 million

FlybeVirgin Atlantic has teamed up with Stobart Group and Cyrus Capital to buy Flybe for $2.8 million....

Hitachi mulls $2.8 billion loss on halt in UK nuclear project

Hitachi nuclearHitachi is considering booking a special loss of up to 300 billion yen ($2.8 billion) in the year ending in March, as it plans to suspend a nuclear project in Britain due to swelling costs, sources close to the matter said, Kyodo reported....

Japan data incorrect since 2004, country hundred millions in unemployment benefits

Japanese workerThe Japanese government has failed to pay out tens of billions of yen (several hundred million dollars) in unemployment insurance and similar benefits due to years of inaccurate labor surveys, according to an internal investigation....

Nearly one million educated Afghans unemployed

KabulUp to one million educated Afghans, or 45 percent of over 2.5 million jobless Afghans, have been suffering from unemployment.... â– 


What to read next

Highlights: October 25 - October 28, 2018
Highlights: September 17 - September 23, 2018
Highlights: September 10 - September 14, 2018

Manhattan Tunnel Project estimated to create 15,800 new jobs

 
New York’s The Gateway Development Commission (GDC) Board of Commissioners awarded the contract for the Manhattan Tunnel Project to Frontier-Kemper-Tutor-Perini JV and authorized the notice to proceed with construction.
 
 

Latest

U.S. resumes cattle and bison imports from Mexico under new protocol
Canada considers lowering tebuconazole residue limit on grapes, impacting U.S. imports
Egypt unveils new Suez Canal navigation charts for expanded route
South Africa raises national minimum wage to $1.55 per hour

NEWS

EPPO probes steel import tax fraud with searches in UK and Germany

Police investigate extensive data breach on Valio’s network
U.S.: Prolonged heavy rain and snowfall
Croatia: Investigation launched against 2 individuals and 1 company suspected of subsidy fraud
Latvia-Sweden subsea cable damaged in Baltic Sea
Storm brings rain and snow to southwest U.S.; snow on higher elevations
 

BUSINESS

U.S. oil rig count rises to 479

New York AG warns businesses against price gouging of eggs and poultry amid bird flu outbreak
Firms admit laundering Russian wood into EU
U.S. oil and gas rig count falls to 576
Kansas Governor announces $25M for Stafford County Transload Facility Project
Ukraine planning to resume port concessions in 2025
 

Trending Now

Denmark supports hydrogen pipeline to Germany with $1.1bn of subsidies

EU to support Envision AESC France's production of batteries for electric vehicles

More nuclear power plants will be approved across England and Wales

EU invests over €1.2 billion in cross-border infrastructure


POLITICS

Moldova announces tender for constructing wind, solar parks worth 200 mln euros

Denmark supports hydrogen pipeline to Germany with $1.1bn of subsidies
EU invests over €1.2 billion in cross-border infrastructure
More nuclear power plants will be approved across England and Wales
Colorado and United Kingdom sign agreement to foster trade and investment
Georgia Governor Kemp to reinforce economic partnerships in Germany and Poland
 

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Moldova announces tender for constructing wind, solar parks worth 200 mln euros


Highlights 

Manhattan Tunnel Project estimated to create 15,800 new jobs

Maersk and Hapag-Lloyd launch Gemini Cooperation

Denmark supports hydrogen pipeline to Germany with $1.1bn of subsidies


COMPANIES

Maersk and Hapag-Lloyd launch Gemini Cooperation

EU to support Envision AESC France's production of batteries for electric vehicles
Ooredoo and ASN to build subsea cable for GCC countries and Iraq
Pratt & Whitney to expand manufacturing operations in North Carolina, create 325 jobs
GE Vernova to create 75 new jobs in Schenectady County, New York
Skanska lands contract for rebuilding Lindsay C. Warren Bridge in North Carolina
 

CAREERS

Inizio appoints Colin Stanley as chief commercial officer

Bridgewest Group names operating partner and general manager, Europe
Keith Hale named group CEO to Unite Titian Software & Labguru (BioData)
Solithor appoints new CEO
McWin appoints Guillaume Charlin as managing partner
PrecisionLife: Bill Keating new chief commercial officer, diagnostics and healthcare
 

ECONOMY

U.S. becomes New Zealand's second largest export destination

Indonesia goes from $0.6 billion deficit to $5.9 billion surplus
Greece to repay $5.3 billion bailout debt early
Fraser Institute: Canada’s debt ranking falls from best in G7 to 7th worst
Kuwait reports $5.2 bln budget deficit in FY 2023-24
Eurozone reports modest Q1 GDP growth, stable annual inflation
 

EARNINGS

Ericsson Q2 sales down but North America up

Lockton revenue $3.55 billion
Motorcar Parts of America Q4 sales $189.5 million
Limoneira Q2 revenue $44.6 million
Lululemon athletica Q1 revenue increased 10% to $2.2 billion
PVH Q1 GAAP EBIT $205 million
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

How expensive was agricultural land in Europe in 2023

Iran to import 50,000 tons of potatoes to stabilize prices amid rising food costs
JBS and partners donate 3 million tags to improve livestock traceability in Pará, Brazil
Hong Kong suspends of poultry meat and products from areas in U.S.
Indonesia aims for food self-sufficiency in rice, corn, salt by 2026
Vietnam opens Brazilian market for salted cattle hides
 

LEADERSHIP

Study: Missing a deadline has a bigger impact than you might think

Employers prefer younger job candidates for AI roles although experienced workers perform same or better
Study finds workers misjudge wage markets
Some organizations may need to expand their hierarchical structures earlier than others
Study finds there's right way and wrong way to deliver negative feedback in workplace
Allyship is critical and its needs appreciation
 

CRIME

Commission fines Pierre Cardin and its licensee Ahlers €5.7 million for restricting cross-border sales of clothing

BHP, Vale agree to pay $30B damages for Brazil dam disaster
Commission fines České dráhy and Österreichische Bundesbahnen €48.7 million over collusion to exclude common compe
SEC charges Keurig with making inaccurate statements regarding recyclability of K-Cup beverage pod
SEC charges John Deere with FCPA violations for subsidiary’s role in Thai bribery scheme
AG Bonta secures $3.9 million settlement with cryptocurrency company Robinhood
 

Magazine

TRAVEL

Radisson Hotel Group debuts in the heart of Tunisia’s capital city, Tunis

Morocco’s first Radisson branded hotel opens in Casablanca
Buna channels, an unreal and beautiful part of Bosnia and Herzegovina
JW Marriott unveils Mindful Haven with opening of JW Marriott Hotel Nairobi
Sotheby's Sports Week returns with fantastic artifacts
Red Roof properties open in Michigan
 

SEA, LAND, AIR

Citroën C3 Aircross, the most affordable compact SUV with 7 seats

2025 Chevrolet Equinox stands apart with fresh looks and capability
Hill Helicopters HX50, luxury in the sky
Opel Movano becomes fully equipped camper van
Porsche Panamera, new hybrid variants
Dodge Charger, 670 horsepower of electric
 

DESIGN

Cold night, hot fire pit, cool entertainment

Embellish your home with PVC panels
You'll have to hurry if you want one of 20 new Louis Vuitton watches
Luxury duvet looks good, fells good and keeps you healthy
Vacheron Constantin, watches for life and more
Schüller kitchens, where functionality marries design
 

GADGETS

MESA/Boogie Celebrates 40-year partnership with John Petrucci

reMarkable 2, monochrome tablet for your thoughts and your eyes
OnePlus Ace 3V, first with Snapdragon 7 Plus Gen 3
ASUS Zenfone 11 Ultra, flagship with a reason
Samsung Galaxy S24 is photography powerhouse
Casette tapes are making a big comeback, and so are portable players
 

HEALTH

Human cases of anthrax reported in western Mongolia

One more barrier to developing vaccine for HIV removed
Rwanda begins world's first clinical trial for treatment of Marburg virus disease
Rwanda restricts gatherings amid Marburg virus outbreak, to begin trials of vaccine
Teksas Attorney General reaches settlement in first-of-its-kind healthcare generative AI investigation
Potentially deadly fungal disease spreading in California
 

MEANTIME

India launches space docking experiment mission

World-first carbon-14 diamond battery made
Einstein Telescope step closer
Exoplanet-hunting telescope to begin search for another Earth in 2026
India to build first phase of its own space station by 2028
Roscosmos chief approves schedule of creating Russian orbital station through 2033