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

U.S. to double gas exports to UK under new partnership

 
The UK and U.S. will work together to increase energy security and drive down prices, as part of a new energy partnership.
 
 

Latest

Hong Kong suspends import of poultry meat and products from areas in South Africa, U.S. and Japan
THOR Industries Q1 2023 net sales $3.11 billion
Out of ten sectors of Slovak economy, eight rose
Don't know where to go in Paris? To see Moulin Rouge VIP show evening, of course

NEWS

3,000 security officers searched in 11 German states, far-right figures arrested for planning attacks

Argentine VP Cristina Fernandez de Kirchner sentenced to 6 years in jail for corruption
New Zealand: TAIC issues report on fire on board cargo ship Kota Bahagia
NTSB urges immediate inspections of Bell 407 helicopters
U.S.: Locally heavy rain and snow
Croatian MiG-21 crashed, both pilots survived
 

BUSINESS

Three ships to bring Ukrainian foods to India, Turkey, Spain

Depot of the future delivers Australia’s largest electric vehicle logistics fleet
Luxury travel market to grow by $703.14 billion
IATA: Airlines to return to profit next year but cargo under pressure
UAW urgently calls on automakers to move supply chain out of China's Uyghur Region
UK's fifth biggest trade union calls for an end to rip-off youth rates
 

Trending Now

EU antitrust watchdog slaps Deutsche Bank, Rabobank with bond cartel probe

Depot of the future delivers Australia’s largest electric vehicle logistics fleet

Bombardier breaks ground on Abu Dhabi service centre, will add more than 100 aerospace jobs

Taiwan Semiconductor to create 10,000 high-paying high-tech jobs in its new chip foundry in Arizona


POLITICS

ADF mobilized $8.9 billion for Africa’s low-income countries, highest in its 50-year history

Tajikistan plans to develop green economy in 4 years for $2 billion
European Union committed to mobilize 2.6 billion euros for Armenia
Thousand of Moldova's households to get higher compensations when paying bills
FM: Hungary received exemption from using oil price cap
Commission approves €26.3 million Finnish measure to support SEVO in construction of hydroelectric pump storage
 

Today We Recommend

UAW urgently calls on automakers to move supply chain out of China's Uyghur Region


Highlights 

Bombardier breaks ground on Abu Dhabi service centre, will add more than 100 aerospace jobs

Taiwan Semiconductor to create 10,000 high-paying high-tech jobs in its new chip foundry in Arizona

AbbVie signs $40 million collaboration deal with HotSpot Therapeutics


COMPANIES

Bombardier breaks ground on Abu Dhabi service centre, will add more than 100 aerospace jobs

Taiwan Semiconductor to create 10,000 high-paying high-tech jobs in its new chip foundry in Arizona
DAMAC Group signs contract with Mandarin Oriental to manage luxurious resort in Maldives
Kostal to build its new plant in Mexico
Rosatom to supply uranium products to Brazil
Etihad Cargo restarts China-India freighter flights to meet industrial demand
 

CAREERS

Invivyd appoints two executives

Martinrea International appoints Maureen Midgley to board
SouthGobi Resources appoints three directors
Canon Europe promotes Hiro Imamura to EVP, digital printing & solutions
BioMar appoints Andrew Campbell as CEO for AQ1
Roche appoints Brad Moore as CEO of Roche Diagnostics North America
 

ECONOMY

Canada trade surplus widens to $1.9 billion in October

Canada's international merchandise exports rose 1.5% in October
Brazil's Central Bank adjusts 2022 inflation projections by 0.01%
Australian GDP up 0.6 pct in Q3
Egypt’s net foreign reserves rise to $33.532 billion
Italy: Harmonized inflation inches down in November
 

EARNINGS

Barnes & Noble Education Q2 2023 GAAP sales decreased 1.6%

AutoZone Q1 net income decreased to $539.32 million
Genesco Q3 2023 GAAP earnings $1.66
Kirkland's Q3 sales $131.0 million
Cracker Barrel Old Country Store Q1 2023 revenue $839.5 million
Malvern Bancorp Q4 net income $2.6 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

Russia receives right to export animal feed to Myanmar

Rospotrebnadzor: Swine flu reported in 74 Russian regions
Hong Kong Customs detects suspected frozen meat smuggling case involving cargo vessel
First direct train from Laos to China arrives with 543 tons of fruit
Vets cull 15,000 ducks in Czech Republic over bird flu outbreak
Hong Kong suspends poultry meat and products import from areas in Canada
 

LEADERSHIP

Only 32% of employees believe their pay is fair

Corporate duty waivers limit organic company growth and innovation
Women buy from women, men buy from women and men
How employee opinion impacts CEO dismissal
Keeping it in family can be good news when it comes to CEOs
Over a third of office workers are hybrid 'misfits'
 

CRIME

Walmart to pay Massachusetts $500,000 as part of alleged drug pricing violations

AT&T settles SEC charge of selectively disclosing material information to Wall St. analysts
Hertz to pay $168 mln to settle over 95% of wrongful theft report claims
Glencore to pay Republic of Congo $180 mln over alleged corruption claims
Fraudsters target water infrastructure projects, OLAF closes several cases
Rhode Island man to pay more than $2.8 million in restitution for virtual currency fraud
 

Magazine

TRAVEL

Cambria Hotels opens in Minneapolis

All aboard the Heathrow Festive Express
Asuncion, Mother of Cities and Paraguay’s center of culture, music and shopping
"Pets with Love" Dog Adoption Carnival 2022 to be held in Hong Kong
Weather-resistant ArtWalk Downtown Billings, Montana
Dual branded Courtyard and Residence Inn by Marriott Hotel opens in Montreal
 

SEA, LAND, AIR

Lamborghini Huracán Sterrato, first super sports car for any terrain

New colorful Porsche 718 Style Edition models
2023 Toyota Prius Prime, solar panel roof and reliability
Volvo EX90, a car with updates
Cessna Citation CJ4 Gen2 jet, pursue your business goals while enjoying journey
GMC first Sierra EV marks turning point
 

DESIGN

Patchwork carpets, vintage Persian carpets made with unparalleled skill

Real life wallpapers, perfectly executed
A. Lange & Söhne, men's watches with true Saxonian DNA
Nella Vetrina, luxurious Italian designers bathroom vanities and furniture
Karastan rugs, durable and beautiful
Leather bags for every occasion and every life style
 

GADGETS

ASUS launches ExpertBook B9 for executives

Take Elektor Fortissimo and make your own high-end amplifier
RangeXTD, a Wi-Fi extender that actually works
Monitor II A.N.C. headphones, iconic Marshall sound
Zebra TC15, a clever mix of a mobile phone and a computer for business use
Bathroom speakers will make your relaxing even better
 

HEALTH

EU regulator backs bivalent COVID shots for primary vaccination

Strep A killed at least nine children in UK
Justice Department secures agreement with Alabama Medicaid to remove unlawful sobriety mandate for health care access
Pfizer and BioNTech apply for FDA authorization for Omicron-retooled vaccine booster in kids under 5
Cornwall first area in England to trial NHS Digital Health Check
Huge rise of scarlet fever cases in UK, 6 kids dead of Strep A
 

MEANTIME

Maybe aliens are waiting to hear a signal from us first

NASA testing new robotic arm that really knows how to chill out
Mars is more active than previously thought
James Webb telescope produces an unparalleled view of the ghostly light in galaxy clusters
China's two meteorological satellites put into operation
Lagoon dries up as drought grips Peru