POST Online Media Lite Edition



 

Highlights: November 23 - November 28, 2015

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

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Diebold to buy Wincor Nixdorf for $1.8 billion

Diebold has launched a $1.8 billion cash and share offer for Wincor Nixdorf to form the world's largest ATM maker....

AstraZeneca sells U.S. drug rights to Perrigo for $380 million

AstraZeneca has entered into an agreement with Perrigo Company plc for the divestment of U.S. rights to Entocort (budesonide)....

UK to joins Bill Gates with £1 billion against malaria

A new £1 billion fund will be used to support the global fight against malaria and other infectious diseases....

250,000 jobs lost thanks to low oil prices

The total amount of jobs lost all over the world due to the economic effect of the low crude prices has surpassed the mark of 250,000 and still counting, according to Graves & Co....

Pfizer and Allergan to merge in $160 billion deal

Pfizer and Allergan said their boards of directors have unanimously approved, and the companies have entered into, a definitive merger agreement under which Pfizer will combine with Allergan....

Evergrande to pay $617 million for 50% of Great Eastern Life

Chinese property developer Evergrande Real Estate Group will pay $617 million for a 50 percent stake in a joint-venture life insurer....

GE to sell U.K. $5.8bn home lending mortgage loan portfolio

General Electric will sell a portfolio of first lien mortgage loans from its UK Home Lending business, representing aggregate ending net investment (ENI) of approximately $5.8 billion....

Ford recalls 450,000 cars, fuel leak and fire possible

Ford Motor is issuing a safety recall for approximately 450,000 2010-2011 Ford Fusion and Mercury Milan vehicles for a potential issue with the fuel tank....

Equifax to buy Australia's Veda Group for $1.8 billion

Equifax will acquire all outstanding shares of the common stock of Veda Group for AUD$2.825 per share....

London's pollution-busting trees valued at £6.1 billion

London's eight million trees are worth a staggering £6.1 billion to the capital and contribute £130 million in wider benefits, a new survey shows. ...

There will be no shortage of turkeys in U.S.

The Thanksgiving season is upon us and the question on everyone’s lips this year is will there be a shortage of turkeys? The simple answer is: no....

China is now No1 importer of U.S. farm and food products

Over the past decade, the United States' agricultural exports to China have risen sharply, propelling China into its position as the fastest-growing and highest-value export destination for U.S. farm and food products....

Palo Alto Networks Q1 2016 total revenue grew 55 percent

Palo Alto Networks announced financial results for its fiscal first quarter 2016 ended October 31, 2015....

Tuniu Corporation Q3 net revenues increased 127.5%

Tuniu Corporation announced its unaudited financial results for the third quarter ended September 30, 2015. Net revenues increased by 127.5% year-over-year to RMB3.0 billion ($469.4 million)....

Pinnacle Foods to acquire Boulder Brands in $975 million transaction

Pinnacle Foods will buy Boulder Brands to expand its presence in the natural and organic retail channel and provides Pinnacle with a new growth platform in refrigerated foods....

Foreign direct investment in Mexico rose 41%

Mexico has become an attractive destination for foreign direct investment (FDI). From January to September 2015 it recorded $21.585 million, 41% higher than the preliminary figure for the same period of 2014, when it reached $15,310 million....

Dollar Tree Q3 consolidated net sales increased 136%

Dollar Tree reported results for its third fiscal quarter ended October 31, 2015. Consolidated net sales increased 136% to $4.95 billion from $2.10 billion in the prior year's third quarter....

Guess? Q3 net earnings $12.4 million, 40.1% down

Guess? reported financial results for its third quarter ended October 31, 2015. Net earnings were $12.4 million, a 40.1% decrease compared to $20.8 million for the third quarter of fiscal 2015....

Infineon Technologies Q4 net income increased 80 percent

Infineon Technologies reported that its fourth quarter net income increased 80 percent to 325 million euros from last year's 181 million euros....

Lloyds to cut up to 1,000 jobs as part of restructuring

Lloyds Banking Group plans to cut up to 1,000 jobs across its operations as part of a restructuring it announced a year ago....

NextEra Energy Resources to sell Texas assets for $1.59 billion

NextEra Energy Resources, the subsidiary of NextEra Energy, announced that its subsidiary La Frontera Ventures has entered into an agreement to sell its Forney and Lamar generating assets to an affiliate of Energy Future Holdings (EFH)....


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