POST Online Media Lite Edition



 

Highlights: November 2 - November 6, 2015

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

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Cisco to buy security company Lancope for $452.5 million

Cisco plans to acquire Lancope, a privately held network security company based in Alpharetta, Ga....

96.1% of internet drug outlets operate out of laws and standards

The National Association of Boards of Pharmacy (NABP) issued a report discussing the importance of international collaboration in the fight against illegal online drug sellers....

TreeHouse Foods to buy ConAgra's private brands for $2.7 billion

TreeHouse Foods signed a definitive agreement to acquire ConAgra Foods' private brands operations. Annual sales of the combined entity will be nearly $7 billion....

Activision Blizzard posts good results, will buy Candy Crush maker for $5.9bn

Activision Blizzard announced better-than-expected financial results for the third quarter of 2015 and an agreement to acquire King Digital Entertainment for $5.9 billion in equity value or $5 billion in enterprise value....

Top 100 U.S. cooperatives earned $243.2 billion

National Cooperative Bank released its annual NCB Co-op 100, listing the nation's top 100 revenue-earning cooperative businesses....

Visa to buy Visa Europe in deal worth $23 billion

Visa said it would buy former subsidiary Visa Europe for up to $23.3 billion....

Endurance International to buy Constant Contact in $1.1 billion deal

Endurance International Group Holdings said it would buy email marketer Constant Contact in a $1.1 billion deal....

Shire to buy rare disease specialist Dyax for $5.9 billion

Shire plc has agreed to buy U.S. rare disease specialist Dyax for about $5.9 billion and potentially up to $6.5 billion....

Zoetis to buy aquaculture company Pharmaq for $765 million

Animal health company Zoetis agreed to buy Pharmaq, a pharmaceutical company catering to the aquaculture industry, for $765 million....

Generic drugs deliver record $254 billion in savings

The U.S. health care system saved a record $254 billion in 2014 from generic drugs, which amounts to $1.68 trillion over the most recent decade (2005-2014)....

Chipotle Mexican Grill closes 43 restaurants in Oregon and Washington

On the heels of an E. coli incident that was linked to eight of its restaurants in Oregon and Washington state, Chipotle Mexican Grill has taken a number of steps in Oregon and Washington....

Women in Greece are being paid 45% less than men

On the occasion of European Equal Pay Day 2015, the European Commission draws attention to the gender pay gap, and its underlying causes....

Qualcomm Q4 earnings fell 44%

Qualcomm Incorporated announced results for its fiscal fourth quarter ended September 27, 2015. Reported earnings fell 44%, reflecting weaker sales of smartphone chips and struggles licensing patents in China....

Facebook Q3 earnings increased 11%, revenue up 41%

Facebook reported financial results for the third quarter ended September 30, 2015. There was an 11% increase in third-quarter earnings, despite a sharp jump in costs, as advertisers continued to spend across the social network....

Expedia to acquire HomeAway in $3.9 billion deal

Expedia has agreed to acquire HomeAway, including all of its brands, for an equity value of approximately $3.9 billion in cash and Expedia common stock....

Japan Post goes public, $11.9 billion goes to Japan

Japan Post had its IPO debut along with its two financial units on Tokyo Stock Exchange. Collectively, the companies managed to raise $11.9 billion in the world’s biggest IPO this year....

Allergan Q3 net revenue increased 90 percent

Allergan reported third quarter net revenue increasing 90 percent to $4.1 billion for the quarter ended September 30, 2015, compared to $2.2 billion in Q3 2014....

BlackRock to buy Bank of America's $87 billion business

Bank of America has agreed to sell its $87 billion money-market fund business to BlackRock in one of the cash-management industry's largest deals ever....

Deutsche Telekom Q3 net profit increased 59.9 percent

Deutsche Telekom net profit increased by 59.9 percent to 809 million euros compared with the same period in the prior year. Adjusted for special factors, net profit increased by 30 percent to 1.0 billion euros....

MetLife Q3 operating earnings fell 61% to $705 million

MetLife posted a sharp decline in third quarter profit, hurt by a previously announced charge tied to a federal tax dispute and declining stock markets during the period, which reduced fees earned on retirement-income products....

Aviation watchdog revokes all Boeing-737 licenses in Russia

The Interstate Aviation Committee (IAC) has revoked the licenses of all Boeing-737 jets operating in Russia, citing security concerns....

Neustar acquires MarketShare Partners for $450 million

Neustar entered into a definitive agreement to acquire MarketShare Partners, a fast-growing marketing analytics technology provider to major brands, for $450 million....

Chile aims to double agricultural exports in a decade

Chile is aiming to double its agricultural and livestock exports over the next decade to as much as $35 billion per year as it increases investments in dams and improves access to overseas markets, Agriculture Minister Carlos Furche said....


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