POST Online Media Lite Edition



 

Highlights: October 30 - October 1, 2017

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

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Novartis agrees to buy Highlights in $3.9 billion deal

Novartis announced that it has entered a memorandum of understanding with Advanced Accelerator Applications (Highlights)....

Owens Corning to acquire Paroc Group for €900 million

Owens Corning announced that it has signed an agreement with CVC Capital Partners to acquire Paroc Group for an enterprise value of approximately €900 million....

Loews bottom line drops 52% in Q3

Loews revealed earnings for third quarter that fell compared to the same period last year....

Lennar to buy CalAtlantic in $9.3 billion deal

Lennar Corporation and CalAtlantic Group boards of directors have unanimously approved a definitive merger agreement....

Strayer Education, Capella to merge in $1.9 billion deal

Strayer Education will merge with smaller peer Capella Education in a $1.9 billion all-stock deal....

Vistra Energy to buy Dynegy in $10 billion deal

Vistra Energy will buy Dynegy in an all-stock deal, the U.S. utilities said on Monday, creating a company with a market value of more than $10 billion....

Innergex Renewable Energy to buy Alterra Power in C$1.1 billion deal

Innergex Renewable Energ said it will buy rival Alterra Power in a deal valued at C$1.1 billion ($857.83 million) including debt....

Peru: Blueberry production grew 870%

According to Inform@accion, Peru went from producing 2,989 tons of blueberries in 2014 to 28,999 tons in 2016, which represents an 870.2% growth in this production....

Lenovo Q2 pre-tax income plunged 79 percent

Lenovo Group reported that its second-quarter profit attributable to equity holders dropped 11 percent to $139 million from last year's $157 million....

Teva Q3 earnings down 26%

Teva Pharmaceutical Industries announced a profit for third quarter that fell from last year....

Duff & Phelps to be acquired by Permira Funds for $1.75 billion

Duff & Phelps, a global valuation and corporate finance advisor, and Permira, aa global private equity firm, announced that a company backed by the Permira funds has agreed to acquire Duff & Phelps for $1.75 billion....

Alibaba revenue up 61 percent

Alibaba Group Holding said its quarterly revenue climbed 61 percent helped by growth in its core e-commerce business....

PG&E profit climbs 23% in Q3

PG&E revealed earnings for its third quarter that advanced from last year....

Yum! Brands Q3 GAAP EPS increased 115%

Yum! Brands reported results for the third quarter ended September 30, 2017. Third-quarter GAAP EPS was $1.18, an increase of 115%....

DowDuPont Q3 net income down 29 percent

DowDuPont reported lower profit in its third quarter, despite higher sales....


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