POST Online Media Lite Edition



 

Highlights: July 8 - July 14, 2019

Christian Fernsby |
The most interesting business stories that marked last business week.

Article continues below




People’s United Financial to acquire United Financial Bancorp in $759 million deal

People's United Bank, a subsidiary of People's United Financial, the holding company for People's United Bank, announced an agreement to acquire United Financial Bancorp, the holding company for United Bank, in a 100% stock transaction valued at approximately $759 million....

Major Australian roads to be upgraded with more than $1.4 billion

Plans for major improvement works to sections of the Bruce Highway and M1 Pacific Motorway in Australia’s Queensland State have been approved....

UK unemployment rate holds steady, wages going up

The UK headline unemployment rate held steady in the three months to the end of May, the latest figures from the Office for National Statistics showed on Tuesday....

CRH sells Europe distribution business for €1.64 billion payable in cash

CRH announces that it has reached agreement to divest of its Europe distribution business to private equity funds managed by Blackstone for an Enterprise Value of €1.64 billion payable in cash....

Outlook for jobs gloomiest since 2013 in Germany

Hiring intentions across Germany’s private sector are the lowest since 2013, according to the latest IHS Markit Global Business Outlook survey, as a combination of subdued growth and squeezed margins looks set to weigh on firms’ profitability over the next 12 months....

FortisBC to ship 53,000 tonnes of LNG to China every year

FortisBC announced that it has entered into its first term supply agreement to produce liquefied natural gas (LNG) for Top Speed Energy Corp. to export to China....

Global device shipments will decline 3% in 2019

Worldwide shipments of PCs, tablets and mobile phones will total 2.2 billion units in 2019, a decline of 3.3% year over year, according to Gartner....

UK soap opera continues: Lords vote to block suspension of Parliament

The U.K.’s House of Lords backed a move designed to make a no-deal Brexit more difficult by stopping the next prime minister from closing down Parliament....

IMF chief economist urges countries to avoid distorted trade policies

Trade tensions have so far not significantly affected global current account imbalances, but are weighing on global investment and growth, a chief economist of the International Monetary Fund (IMF) said Wednesday, urging all countries to avoid policies that distort trade....

Commission fines US chipmaker Qualcomm €242 million for engaging in predatory pricing

The European Commission has fined Qualcomm €242 million for abusing its market dominance in 3G baseband chipsets....

Japan's core consumer price index increased for 30th straight month

Japan's core consumer prices rose in June from a month earlier, the government said in a report....

Uzbekistan plans to privatize most of its power plants

Uzbekistan is planning to sell most of its thermal power plants to private investors within several years to develop the sector, a Uzbek energy official said Thursday....

PepsiCo to buy Pioneer Foods Group for $1.7 billion

PepsiCo announced that it has entered into an agreement to acquire all the outstanding shares of Pioneer Foods Group of South Africa for R110.00 per share in cash (approximately US $1.7 billion)....

AB InBev agrees sale of Australian unit to Asahi in $11.3 billion deal

Anheuser-Busch InBev has agreed to sell its Australian operations to Japan’s Asahi and is interested in reviving the stalled flotation of its Asian business.... â– 


What to read next

Highlights: September 17 - September 23, 2018
Highlights: April 29 - May 5, 2019
Highlights: June 8 - June 13, 2015