POST Online Media Lite Edition



 

Highlights: July 20 - July 25, 2015

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

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Egg exports from Brazil to Arabs increase 41%

Brazilian egg exports to the Arab countries fetched $6.9 million in H1, an increase of 41.4% over the same period of last year....

Trade negotiators agree on tariff cuts worth $1 trillion

Trade negotiators from around the world tentatively agreed Saturday to eliminate tariffs on an array of technology products valued at $1 trillion worth of global commerce....

Lockheed Martin to buy Sikorsky for $9 billion

Lockheed Martin will buy Sikorsky Aircraft, the helicopter unit of United Technologies for $9 billion, and would review the possible sale or spinoff of $6 billion in other information technology and services businesses....

SunEdison and TerraForm Power to acquire Vivint Solar for $2.2 billion

SunEdison, Vivint Solar, and TerraForm Power announced that SunEdison will acquire Vivint Solar for approximately $2.2 billion, payable in a combination of cash, shares of SunEdison common stock and SunEdison convertible notes....

From Big Blue to Deep Blue: Every figure in IBM Q2 lower than before

IBM announced second-quarter 2015 diluted earnings from continuing operations of $3.58 per share, down 15 percent year-to-year....

Hermes Q1 consolidated turnover increased 21%

Hermes consolidated turnover for the first semester is equal to €2 299 million, an increase of 21% at current exchange rates....

SAP Q2 non-IFRS cloud revenue grew 129%

SAP announced its financial results for the second quarter and first half ended June 30, 2015. SAP again delivered exceptionally strong growth in the cloud....

Horizon Pharma raises offer for Depomed to $33 per share

Horizon Pharma raised its offer to buy Depomed to $33 per share. The equity value of the new offer works out to $1.97 billion and compares with Horizon Pharma's previous offer of $29.25 per share, or about $1.74 billion....

Citibank to pay $700 million in consumer relief for deceptive marketing

Citigroup has been ordered to pay an estimated $700 million to customers the Consumer Financial Protection Bureau says were harmed by illegal marketing and billing practices....

Apple Q3 revenue skyrockets to $49.6 billion

Apple announced financial results for its fiscal 2015 third quarter ended June 27, 2015. Q3 revenue was $49.6 billion and quarterly net profit of $10.7 billion, or $1.85 per diluted share....

Baker Hughes Q2 revenue was $4 billion, down 33%

Baker Hughes Incorporated announced results for the second quarter of 2015. Revenue was $4 billion, down 33% compared to the second quarter of 2014....

Home Depot to buy Interline Brands for $1.625 billion

The Home Depot announced its entry into a definitive agreement to acquire Jacksonville, Florida-based Interline Brands, a national distributor and direct marketer of broad-line maintenance, repair and operations (MRO) products....

St. Jude to buy Thoratec for $3.4 billion

St. Jude Medical agreed to buy smaller rival Thoratec for about $3.4 billion to expand its portfolio of heart failure devices....

EU orders France's EDF to repay huge tax break of $1.5 billion

The EU ordered France's electricity company EDF to repay the French state 1.37 billion euros ($1.5 billion) in back taxes, in a case dating from 1997....

Qualcomm Q3 profit down 47%, will cut 15 percent of workforce

Qualcomm Incorporated announced results for the third quarter of fiscal 2015 ended June 28, 2015. Qualcomm announced a 47 percent drop in quarterly profit compared to the same period in 2014....

Japan's Nikkei to buy Financial Times for $1.3 billion

Japan's largest media company Nikkei is to acquire the FT Group from British publisher Pearson for 844 million pounds ($1.3 billion) in cash....

Sydney median house price surpasses London, catching New York

Sydney's median house price has topped the 1-million-Australian dollar threshold for the first time, according to real estate advertising group Domain....

Chinese e-commerce brought in $625 billion in 2015

Chinese consumers spent 242.51 billion euros online in the first half of 2015. That's nearly ten percent of all retail sales, and a 39.1 percent increase, according to the National Bureau of Statistics....

Anthem to buy Cigna Corporation in transaction valued $54.2 billion

Anthem and Cigna Corporation announced that they have entered into a definitive agreement whereby Anthem will acquire all outstanding shares of Cigna in a cash and stock transaction....

Catastrophe losses hit $46 billion but 58% down in H1 average

Impact Forecasting, Aon Benfield's catastrophe model development team, launched the latest edition of its Global Catastrophe Recap: First Half of 2015 report, which evaluates the impact of the natural disaster events that occurred worldwide in the first six months of the year....


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