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Highlights: April 13 - April 18, 2015

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Staff writer ▼ | April 20, 2015
Highlights of the week
WEEK AT A GLANCE  

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

SemiLEDs Corporation Q2 revenue increases 56%
Monday April 13, 2015 2:30AM
SemiLEDs CorporationSemiLEDs Corporation announced its financial results for the second quarter of 2015, ended February 28, 2015. Revenue was $4.6 million, a 56% increase compared to $2.9 million in Q1 2015....

UPS to invest $1.06 billion in Europe
Monday April 13, 2015 3:15AM
United Parcel ServiceUnited Parcel Service (UPS) plans to invest 1 billion euros ($1.06 billion) in Europe to expand its package delivery network, German magazine Wirtschaftswoche reported....

Canadian Alamos and AuRico to create $1.5 billion mining giant
Monday April 13, 2015 7:49AM
AlamosAlamos Gold and AuRico Gold have entered into a definitive agreement to combine by way of a plan of arrangement, creating a new gold producer....

Shell sells 185 service stations
Monday April 13, 2015 8:10AM
Shell UKShell UK has accepted offers for the sale of 185 company-owned service stations to selected independent dealers and has exchanged contracts for 158 of these service stations....

Brazil to create $6.5 billion fund for renewable energy
Monday April 13, 2015 8:37AM
Brazil solarThe Brazilian Government is reportedly creating a BRL29bn ($6.5bn) investment fund in an effort to enhance solar and wind generation in the country’s north-eastern region....

Builders FirstSource to acquire Probuild in $1.63 billion deal
Monday April 13, 2015 1:50PM
Builders FirstSourceBuilders FirstSource has entered into a definitive purchase agreement to acquire ProBuild Holdings in an all-cash transaction valued at approximately $1.63 billion....

Nokia in advanced talks to buy Alcatel-Lucent
Tuesday April 14, 2015 4:48AM
Alcatel-LucentNokia and Alcatel-Lucent confirm that they are in advanced discussions with respect to a potential full combination, which would take the form of a public exchange offer by Nokia for Alcatel-Lucent....

Cardinal Energy Q4 revenues jumped from $16,000 to $1.9 million
Tuesday April 14, 2015 6:10AM
Cardinal EnergyCardinal Energy Group reported financial results for the fourth quarter ended December 31, 2014. Q4 operating revenues totaled $768,263 compared to $3,919 for the comparable period in 2013....

Worldwide semiconductor foundry market grew 16.1% in 2014
Tuesday April 14, 2015 6:45AM
SemiconductorsThe worldwide semiconductor foundry market grew 16.1 percent in 2014 to achieve $46.9 billion in revenue, according to Gartner....

JPMorgan Chase reports Q1 net income of $5.9 billion
Tuesday April 14, 2015 2:11PM
JPMorgan ChaseJPMorgan Chase reported net income of $5.9 billion, up $645 million, or 12%, from the prior year predominantly driven by higher revenue....

EXOR willing to give $6.4 billion in cash for PartnerRe
Tuesday April 14, 2015 2:25PM
PartnerReEXOR submitted a written proposal to the board of of PartnerRe Ltd. to acquire 100% of the common shares of the company for $130 per share in cash, valuing PartnerRe at $6.4 billion....

Dubai will invest $8 billion in solar energy
Wednesday April 15, 2015 2:32AM
Dubai solarDubai Electricity and Water Authority (Dewa) will invest $8.16 billion at Sheikh Mohammed Bin Rashid Al Maktoum Solar Park....

McDonald's set to hire more than 6,500 people across Canada
Wednesday April 15, 2015 9:10AM
McDonald's CanadaMcDonald's Canada and its franchisees plan to hire more than 6,500 new employees, the largest number it's ever attempted to recruit in one day as part of its annual National Hiring Day on April 15....

Nokia buys Alcatel-Lucent for $16.6 billion
Wednesday April 15, 2015 1:37PM
NokiaNokia and Alcatel-Lucent announced their intention to combine in a transaction worth 15.6 billion euros ($16.6 billion)....

Toyota to invest $1 billion in North America
Wednesday April 15, 2015 3:00PM
ToyotaToyota Motor announced a multi-year plan to realign its manufacturing operations in North America in support of the Toyota New Global Architecture (TNGA)....

Abraaj raises almost $1 billion African fund
Thursday April 16, 2015 3:50AM
Abraaj GroupThe Abraaj Group, a Dubai-based private equity company managing about $9 billion across emerging markets, raised $990 million for its third Sub-saharan Africa fund....

Social network ad spending to hit $23.68 billion
Thursday April 16, 2015 7:50AM
Social networksAdvertisers worldwide will spend $23.68 billion on paid media to reach consumers on social networks this year, according to new figures from eMarketer, a 33.5% increase from 2014....

Chinese Ninebot acquired Segway
Thursday April 16, 2015 8:15AM
SegwayNinebot and Segway have completed a strategic combination. The combined company will focus on research and development, manufacturing, sales and service in the short-distance transportation industry....

SanDisk Corporation Q1 revenue down 12 percent
Thursday April 16, 2015 8:30AM
SanDiskSanDisk Corporation announced results for the first quarter ended March 29, 2015. First quarter revenue of $1.33 billion declined 12 percent on a year-over-year basis and decreased 23 percent sequentially....

NY craft beer industry grows 59%, brings $3.5 billion
Thursday April 16, 2015 2:03PM
NY craft beerThe craft beer industry in New York State grew 59% from 2013 to 2014, with a total economic impact estimated at $3.5 billion....

Total to invest 600 million euros in better fuels
Friday April 17, 2015 2:32AM
TotalTotal presented its French refining roadmap to employee representatives. The plan is designed to give each Total's refining site in France the means to resist in a volatile environment and perform profitably....

Schlumberger Q1 revenue decreased 19% sequentially
Friday April 17, 2015 3:32AM
SchlumbergerSchlumberger Limited reported results for the first-quarter 2015. Revenue of $10.2 billion decreased 19% sequentially....

W W Grainger announces $3 billion buyback
Friday April 17, 2015 4:27AM
GraingerIndustrial tools provider Grainger announced that its board has approved the purchase of $3 billion of its common stock over the next three years....

China's Q1 transport investment up 15.2 percent
Friday April 17, 2015 5:18AM
China railwaysChina reported 320.5 billion yuan ($52.28 billion) in fixed investment in railways, highways and waterways in this year's first quarter, the country's transport ministry said....

Greece: Rains to cut potato harvest in half
Friday April 17, 2015 6:27AM
Greece potatoPotato prices from the spring harvest in Greece have been on the rise because of a considerable reduction in the planted acreage this year, which reaches up to 40%, according to producers of Ilia....

Discover Financial Services approves $2.2 billion buyback
Friday April 17, 2015 8:45AM
Discover Financial ServicesDiscover Financial Services (DFS) board has approved a new $2.2 billion share repurchase program and increased the quarterly common stock dividend from $0.24 to $0.28 per share, in line with previously announced capital actions....

India receives $70 billion from its migrant workforce
Friday April 17, 2015 9:18AM
India remittancesThe World Bank has said India continues to be the leading nation in remittances pulling in $70 billion from its global migrant workforce in 2014....

Alliance Data Systems increases buyback plan to $1 billion
Friday April 17, 2015 12:40PM
Alliance Data SystemsAlliance Data Systems board has approved an increase in authorization to acquire up to $1 billion of the company's common stock during 2015....

Telus to invest billions across Canada
Friday April 17, 2015 1:10PM
TelusTelus intends to invest $4.2 billion in new infrastructure and facilities across Alberta through 2018, including $1 billion this year alone....

Google to invest $1 billion in Iowa
Friday April 17, 2015 1:22PM
Google IowaGoogle is set to make an additional $1 billion investment through 2019 in Council Bluffs, Iowa. The latest investment brings the company's total investment in Iowa to $2.5 billion....

Poverty-level wages cost U.S. taxpayers $153 billion a year
Friday April 17, 2015 1:28PM
Poverty wagesPersistent low wages in the U.S. are costing taxpayers approximately $153 billion every year in public support to working families, including $25 billion at the state level....

Raytheon to get $2 billion for Patriot from mystery customer
Friday April 17, 2015 2:16PM
PatriotRaytheon Company has been awarded a contract worth over $2 billion to deliver the combat-proven Patriot Air and Missile Defense System to an undisclosed international customer....

After Toyota, Ford to invest $2.5 billion in Mexico
Friday April 17, 2015 2:48PM
Ford Lincoln MKZFord announced a $2.5 billion investment in two new facilities building a new generation of engines and transmissions in the states of Chihuahua and Guanjuato....

Rolls-Royce wins largest order from Emirates worth $9.2 billion
Saturday April 18, 2015 4:07AM
Trent 900 enginesRolls-Royce has won its largest ever order, worth $9.2 billion, to provide Trent 900 engines and TotalCare service support to Emirates. ...

Exports from international tourism rise to $1.5 trillion
Saturday April 18, 2015 6:10AM
TourismInternational tourism receipts increased by $48 billion in 2014 to reach a record $1,245 billion, according to UNWTO....

Costco increased dividend, launches $4 billion buyback
Saturday April 18, 2015 6:28AM
Costco Wholesale CorporationCostco Wholesale Corporation announced that its board has reauthorized a common stock repurchase program of up to $4 billion....

Pakistan, China to sign 69 deal worth more than $46 billion
Saturday April 18, 2015 7:52AM
Ahsan IqbalPakistan and China are going to sign around 69 deliverable projects of different stages having an estimated cost of over $46 billion....


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