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Highlights: August 7 - August 12, 2017

Staff Writer | August 13, 2017
The summary of the last week's business headlines and the most interesting stories.
Highlights
Week at a glance  
Iran pistachio exports earn $173m in 4 months

Iran pistachioClose to 16,660 tons of pistachio worth $173.66 million were exported from Iran to 56 countries....

Germany's FMC to buy U.S. home dialysis firm NxStage for $2 billion

NxStageGerman dialysis services provider Fresenius Medical Care (FMC) has agreed to buy NxStage, a U.S. maker of devices for use in home dialysis, for around $2 billion in cash....

Mexichem to buy 80 percent of Israeli irrigation firm Netafim for $1.5 billion

MexichemMexichem announced that it has reached a definitive agreement to acquire an 80% stake in Netafim, an Israeli private company, from a company backed by the Permira Funds and other minority shareholders....

Algal giant TerraVia Holdings files for bankruptcy

TerraVia HoldingsTerraVia Holdings, which is best known in the aquaculture industry for its production of the omega-3 rich feed ingredient AlgaePrime DHA, filed for bankruptcy....

Renault to produce 150,000 cars in Iran in $778 million deal

Renault IranTwo Iranian companies signed a deal French multinational automobile manufacturer Groupe Renault to produce 150,000 cars....

New Caledonia's nickel sector shaken up, 5,000 jobs in danger

New Caledonia valeUnions in New Caledonia fear that the Vale nickel plant could close within half a year and trigger the biggest wave of job losses the territory has ever seen....

U.S. job openings surged to record high 6.2m, highest since 2000

job openings surgedThe number of job openings surged to a record 6.2 million in June, the Bureau of Labor Statistics announced Tuesday....

Viasat Q1 earnings drop 78%

ViasatViasat released a profit for first quarter that lost ground compared to the same period last year....

Red Robin Gourmet Burgers earnings drop 23% in Q2

Red RobinRed Robin Gourmet Burgers revealed a profit for second quarter that dropped compared to the same period last year....

Glencore turns to profit in H1, adjusted EBITDA up 68 percent

GlencoreGlencore eported that its income before income taxes for the first half of 2017 was $2.87 billion, compared to loss of $698 million in the prior-year period....

Guam boasts new record for July visitor arrivals

GuamGuam has received over 132,000 visitors in July, breaking a 20-year record....

Wanda Hotel to buy $1 billion of assets from Wang-controlled units

Wanda groupWanda Hotel Development, a unit of Chinese conglomerate Dalian Wanda Group, plans to buy assets worth over $1 billion from firms controlled by its billionaire founder Wang Jianlin, in a move that sent its shares surging over 30 percent....

Old Mutual H1 basic earnings per share grew 93 percent

Old MutualOld Mutual reported that its first-half IFRS profit before tax climbed 76 percent to 940 million pounds from last year's 534 million pounds....

The OPEC of Potatoes: U.S. consumers have been paying up to 49% more for potatoes

U.S. potato cartelIt is paradoxical that the U.S., the country whose oil industry has been putting an end to OPEC's price control over crude oil for decades, has recently become home to a potato cartel within its territory....


 

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