POST Online Media Lite Edition



 

Highlights: March 1, 2015 - March 6, 2015

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

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Volkswagen sales revenue EUR 202.5 billion
Monday March 2, 2015 2:30AM
The Volkswagen Group reported sales revenue of EUR 202.5 billion (previous year: EUR 197 billion) and an operating profit of EUR 12.7 billion (EUR 11.7 billion)....

Berkshire Hathaway Q4 profit down 17%, operating earnings rise
Monday March 2, 2015 3:37AM
Berkshire Hathaway said its fourth quarter profit slid 17 percent because of declines in the paper value of its investments and derivative contracts....

NXP and Freescale announce $40 billion merger
Monday March 2, 2015 5:50AM
NXP Semiconductors N.V. and Freescale Semiconductor, Ltd. have entered into a definitive agreement under which NXP will merge with Freescale in a transaction which values the combined enterprise at just over $40 billion....

PacWest Bancorp to buy Square 1 Financial for $849 million
Monday March 2, 2015 7:52AM
PacWest Bancorp and Square 1 Financial announced the signing of a definitive agreement and plan of merger whereby PacWest will acquire Square 1 in a transaction valued at approximately $849 million....

Microsoft to close two factories in China, cutting 9,000 jobs
Monday March 2, 2015 9:57AM
Microsoft Corp. plans to shut two mobile-handset manufacturing plants in China formerly run by Nokia, cutting about 9,000 jobs....

Tidal Lagoon plants could power 8% of UK
Tuesday March 3, 2015 3:17AM
Tidal Lagoon Power launched plans to build a big lagoon off the southern Welsh coast that would harness the tide to provide electricity for the whole Wales or 8% of the UK....

PSEG to spend $13 billion in five years
Tuesday March 3, 2015 4:37AM
Public Service Enterprise Group (PSEG) said that its five-year capital spending program of $13 billion is expected to yield a third year of sustained growth in operating earnings....

Tech M&A at 15 year high
Tuesday March 3, 2015 6:57AM
Mergers and acquisitions activity in the tech sector is at its highest level since 2000, according to the latest Thomson Reuters report....

Endo reports revenues of $800m, will sell AMS business for $1.65 billion
Tuesday March 3, 2015 7:37AM
Endo International plc reported fourth quarter 2014 revenues of $800 million, an increase of 37% compared to fourth quarter 2013 revenues of $585 million, including new product revenue from 2014 strategic M&A transactions....

Amira Nature Foods Q3 revenue increased 35%
Tuesday March 3, 2015 8:57AM
Amira Nature Foods Ltd reported financial results for its fiscal 2015 third quarter which ended on December 31, 2014. Revenue increased 35% to $192.4 million, compared to $142.5 million for same period in fiscal 2014....

Cardinal Health to acquire Cordis for $1.944 billion in cash
Tuesday March 3, 2015 9:57AM
Cardinal Health announced plans to acquire Johnson & Johnson's Cordis business, a manufacturer of cardiology and endovascular devices, for $1.944 billion in cash....

Citi to sell OneMain Financial to Springleaf for $4.25 billion
Tuesday March 3, 2015 3:56PM
Citigroup has reached a definitive agreement to sell OneMain Financial Holdings to Springleaf Holdings for $4.25 billion....

Best Buy falls big time in international revenue
Wednesday March 4, 2015 5:37AM
Best Buy announced results for the fourth quarter 2015 and year ended January 31, 2015, compared to Q4 2014 and year ended February 1, 2014. Domestic revenue of $12.7 billion increased 3.2% and international revenue of $1.51 billion declined 12.4%....

Boston Scientific to buy AMS from Endo International for $1.6 billion
Wednesday March 4, 2015 8:17AM
Boston Scientific has entered into a definitive agreement with Endo International to acquire the American Medical Systems (AMS) urology portfolio for $1.6 billion in up-front cash and a potential additional $50 million milestone based on 2016 sales....

GLP closes $8.1 billion acquisition of IndCor Properties
Wednesday March 4, 2015 9:37AM
Global Logistic Properties (GLP) has completed the acquisition of one of the largest logistics platforms in the United States for $8.1 billion....

Cyberattacks continue to increase
Wednesday March 4, 2015 12:00PM
Given the growing number of international cyberattacks, the Canadian and U.S. governments must intensify their efforts to protect respective national interests, according to a new study by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank....

HP will acquire Aruba Networks in $3 billion transaction
Wednesday March 4, 2015 1:06PM
HP will acquire Aruba Networks with the equity value of the transaction of approximately $3 billion, and net of cash and debt approximately $2.7 billion....

AbbVie will buy Pharmacyclics in $21 billion deal
Thursday March 5, 2015 4:08AM
AbbVie will acquire Pharmacyclics and its flagship asset Imbruvica (ibrutinib), a treatment for hematologic malignancies. The transaction values Pharmacyclics at approximately $21 billion....

Areva posted 4.8 bn euro loss
Thursday March 5, 2015 5:37AM
French nuclear group Areva posted record net losses in 2014 of 4.8 billion euros ($5.3 billion) after it was forced to absorb costs linked to project delays. ...

Aviva cash flow was up 65%
Thursday March 5, 2015 7:47AM
Aviva plc announced its 2014 preliminary results. Holding company excess cash flow was up 65% to GBP 692 million (FY13: GBP 420 million), vs. 2016 target is GBP 800 million....

American Eagle Outfitters Q4 EPS increases by 33%
Thursday March 5, 2015 7:57AM
American Eagle Outfitters, Inc. reported EPS from continuing operations of $0.36 for the fourth quarter ended January 31, 2015, compared to adjusted EPS of $0.27 for the comparable quarter last year, an increase of 33%....

Smartphone sales surpassed one billion units, Samsung lost No1 position to Apple
Thursday March 5, 2015 8:47AM
Worldwide sales of smartphones to end users had a record fourth quarter of 2014 with an increase of 29.9 percent from the fourth quarter of 2013 to reach 367.5 million units, according to Gartner....

Trina Solar total net revenues up 28.8%
Thursday March 5, 2015 12:05PM
Trina Solar Limited announced its unaudited financial results for the fourth quarter and full year of 2014. Total solar module shipments were approximately 3.66 GW, an increase of 41.9% from 2.58 GW in 2013....

BofA's $8.5 billion mortgage bond settlement wins approval
Thursday March 5, 2015 1:49PM
A New York state appeals court approved Bank of America Corp's $8.5 billion settlement with mortgage securities investors in its entirety....

Mallinckrodt to buy Ikaria in $2.3 billion deal
Friday March 6, 2015 2:57AM
Mallinckrodt and Ikaria have entered into a definitive agreement under which a subsidiary of Mallinckrodt will acquire Ikaria from a Madison Dearborn-led investor group in a transaction valued at approximately $2.3 billion....

Cantor Fitzgerald to invest $1 billion in Nigeria's housing
Friday March 6, 2015 3:47AM
Cantor Fitzgerald plans to invest over $1 billion into the Nigerian housing project with a view to reducing its over 17 million housing deficit....

Continental AG net profit jumped 24%
Friday March 6, 2015 4:37AM
German auto parts maker Continental AG said net profit jumped nearly 24% in 2014 and projected higher sales this year, supported by the acquisition of Veyance Technologies....

Citigroup completes $1.15 billion sale of Akbank T.A.S. stake
Friday March 6, 2015 5:17AM
Citigroup has sold 396 million common shares in Akbank T.A.S. (Akbank) through an equity offering representing its entire 9.9% equity interest in the company for TRY7.45 per share....

Air Methods and Bell Helicopter reach agreement for 200 Bell 407GXP
Friday March 6, 2015 7:37AM
Air Methods Corporation and Bell Helicopter, a Textron company, announced an agreement for the sale of 200 Bell 407GXPs configured for Helicopter Emergency Medical Services (HEMS)....


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