Highlights: June 21, 2021 - June 25, 2021
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Redfin reports U.S. home prices soar
Fierce competition continues to drive home prices up, but home tours, offers and pending sales have slowed, according to a new report from Redfin....KKR acquires stake in Vini Cosmetics for $625 million
KKR & Co. agreed to buy a controlling stake in Vini Cosmetics from the founders and Sequoia Capital for $625 million....Hyundai acquires 80% of Boston Dynamics for $1.1b
In a $1.1 billion deal, Hyundai Motor Group has completed acquisition of a controlling interest in Boston Dynamics....Bosnia and Herzegovina's exports up 29 pct in first 5 months this year
Bosnia and Herzegovina's (BiH) goods exports amounted to 5.2 billion convertible marks (3.2 billion U.S. dollars) in the first five months of 2021, up 29 percent year-on-year, the Agency for Statistics of BiH said Monday....Alfasigma acquires European license for bentracimab from PhaseBio for up to $245 million
Alfasigma has entered into an exclusive licensing agreement with PhaseBio Pharmaceuticals for the commercialization of bentracimab in 49 countries across Europe and other key markets....Global steel production surges 16.5% in May
Global crude steel output rose 16.5% year-on-year this May, said the World Steel Association on Tuesday....Huber Engineered Woods to bring 150 new jobs to Cohasset, Minnesota
Iron Range Resources & Rehabilitation Board approved $15 million in funding for the construction of the new Huber Engineered Woods LLC (HEW) oriented strand board (OSB) manufacturing facility in Cohasset, Minnesota, bringing 150 new jobs to the region....Tennessee: NOVONIX to expand Chattanooga manufacturing operations, will create 290 jobs
NOVONIX officials announced that the company will expand its Chattanooga, Tennessee manufacturing operations....Korn Ferry Q4 annual fee revenue $555.2 million
Korn Ferry announced fourth quarter and annual fee revenue of $555.2 million and $1,810.0 million, respectively....Swiss Re sells 6.6% stake in Phoenix for $610m
Swiss Re AG is selling a 6.6% stake in U.K. long-term savings and retirement business Phoenix Group Holdings PLC for 437 million pounds ($609.7 million)....Emart to acquire eBay's businesses in Korea for $3 bln
eBay Inc. and Emart today announced they reached an agreement for the purchase by Emart of eBay's businesses in Korea. ...H.B. Fuller Q2 net revenue up 22.7%
H.B. Fuller Company reported financial results for its second quarter ended May 29, 2021....Darden Restaurants Q4 sales up 79.5%
Darden Restaurants reported its financial results for the fourth quarter ended May 30, 2021....Tecan Group to acquire Paramit for $1bn
Tecan Group has agreed to acquire Paramit for around $1bn....Visa to acquire Tink for 1.8 billion euros
Visa is to acquire European Open Banking platform Tink for 1.8 billion euros....BASF to acquire 49.5% of Vattenfall' offshore wind park for $300 million
BASF and Vattenfall have signed a contract for the purchase of 49.5% of Vattenfall's wind farm Hollandse Kust Zuid (HKZ) by BASF....Freshly Inc. to more than double workforce in Georgia, creating 665 jobs
Freshly Inc. is more than doubling their planned workforce in Georgia and investing $52 million in expanding to Clayton County....Carnival Corporation Q2 net loss $2.1 billion
Carnival Corporation & plc provided second quarter 2021 business update....Canoo to create more than 2,000 jobs near Tulsa, Oklahoma
Canoo announced a commitment to create more than 2,000 jobs and build its first mega microfactory on a 400-acre site at the MidAmerica Industrial Park located near Tulsa, Okla....iCapital Network will establish Connecticut operations, create 200 new jobs
iCapital Network will expand its operations by opening an office in Greenwich, Connecticut, and create 200 jobs in the state over the next two years....German Ifo business confidence strongest since 2018
German business confidence strengthened to its highest level in more than two years in June as the easing of restrictions related to the coronavirus pandemic lifted expectations and managers' current assessment, survey results from ifo Institute on Thursday....St. Modwen Properties agrees to offer from Blackstone Funds that values it at 1.272 billion pounds
UK-based real estate developer St. Modwen Properties Thursday said it has reached an agreement on the terms of an increased and final recommended cash offer by Blackstone-owned Brighton Bidco Limited....Panasonic sells Tesla stake for $3.6 billion
Panasonic sold its stake in electric car maker Tesla for about 400 billion yen ($3.61 billion) in the year ended March....Rockwell Automation to buy Plex Systems for $2.22 billion
Rockwell Automation, Inc. has entered into an agreement to acquire Plex for $2.22 billion in cash.... ■