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Highlights: April 17 - April 21, 2017

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Staff Writer | April 24, 2017
The summary of the last week's business headlines and the most interesting stories.
Highlights
Week at a glance  
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First Reserve to sell Navigator Energy Services for $1.48bn

NuStar EnergyNuStar Energy has entered into a definitive agreement to acquire Navigator Energy Services for approximately $1.475 billion, subject to purchase price adjustments....

M&T Bank Corporation Q1 GAAP diluted EPS up 23%

M&T Bank CorporationM&T Bank Corporation reported its results of operations for the first quarter ended March 31, 2017....

Comerica bottom line rises 237% in Q1

ComericaComerica revealed a profit for its first quarter that climbed from last year....

Medtronic to sell part of patient monitoring & recovery division for $6.1bn

MedtronicMedtronic has entered into a definitive agreement with Cardinal Health to sell its Patient Care, Deep Vein Thrombosis, and Nutritional Insufficiency businesses within the Patient Monitoring & Recovery (PMR) division of its Minimally Invasive Therapies Group (MITG)....

Potato chips crisis in Japan causes panic, price jumps to $12 from $2

CalbeeDemand for potato chips in Japan surged this week, which led to panic buying and the price soaring to six times than usual....

Yahoo profit increased 112% in Q1

YahooYahoo revealed earnings for its first quarter that advanced from last year....

Exova agrees to £620.3 million takeover offer from Element

Exova GroupExova Group has agreed to a takeover offer from Element Materials Technology Group, valuing the company at £620.3 million....

Abbott Laboratories Q1 profit increased 37%

AbbottAbbott Laboratories (ABT) released earnings for its first quarter that gained ground from last year....

Morgan Stanley Q1 net income climbed 74 percent

Morgan StanleyMorgan Stanley reported significantly higher earnings and revenues in its first quarter, with strong performance mainly in Sales & Trading and Investment Banking....

PetSmart acquires Chewy.com for about $3.35 billion

PetSmartPet supplies retailer PetSmart has agreed to acquire Chewy, an online retailer of pet food and supplies....

Steel Dynamics reveals 220% gain in Q1 profit

Steel DynamicsSteel Dynamics reported a profit for its first quarter that increased from last year....

Italian dairy exports rose 92% between 2006 and 2016

Italy cheeseItalian dairy product exports have risen by 92% in the period 2006-2016, compared to a 72% rise for total Italian agri-food exports....

Post Holdings acquires Weetabix for £1.4bn

WeetabixPost Holdings, a Missouri, U.S. based cereals brand, acquired Weetabix for £1.4bn....

Stanley Black & Decker Q1 profit increases 108%

Stanley Black & DeckerStanley Black & Decker increased its 2017 GAAP EPS guidance range To $7.95 to $8.15 from prior range of $7.63 To $7.83; and increased adjusted EPS guidance range to $7.08 To $7.28 from prior range of $6.98 To $7.18....

Schlumberger announces 31% fall in Q1 bottom line

SchlumbergerSchlumberger reported a profit for first quarter that lost ground from last year....

Bebe Stores to close all stores

Bebe StoresBebe Stores announced that it was shutting down and closing all of its stores as the women's clothing retailer became the latest in a string of liquidations and bankruptcies....

Volkswagen to pay $2.8bn fine in diesel emissions scandal

VolkswagenVolkswagen will pay a $2.8 billion criminal penalty for cheating on diesel emissions test, in a negotiated settlement with the US Justice Department....

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