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Highlights: December 14 - December 19, 2015

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Staff writer ▼ | December 21, 2015
The summary of the last week's key headlines and the most interesting stories.
Highlights of the week
WEEK AT A GLANCE  
Shell has green light from China to buy BG Group, will cut 2,800 jobs

ShellRoyal Dutch Shell cleared the final regulatory hurdle for its takeover of BG Group after receiving the green light from China....

Premature birth costs businesses more than $12 billion every year

Preterm birthThe reality of preterm birth is heart-wrenching and costly: 1 in 10 babies is born preterm, less than 37 weeks gestation, each year in the United States....

Newell Rubbermaid is buying Jarden in deal worth $13.2 billion

Newell RubbermaidJarden shareholders will receive, for each Jarden share, $21 in cash and 0.862 of a share in Newell Rubbermaid stock at closing; Newell Rubbermaid shareholders will own approximately 55 percent of the company after the transaction is complete....

Mahindra to buy Italian car designer Pininfarina

PininfarinaMahindra group is to buy Italian car designer Pininfarina for 33 million euros ($36 million) in an all-cash deal....

UBM to sell PR Newswire to Cision for $841 million

PR NewswireUBM plc has reached agreement for the sale of PR Newswire to Cision, a business controlled by GTCR Canyon Holdings for $841 million....

Valeant and Walgreens in 20-year distribution agreement

WalgreensValeant Pharmaceuticals International entered a new fulfillment agreements with Walgreens while indicating it intends to extend this distribution model to additional participating independent retail pharmacies....

Yahoo Japan offers $828 million for travel website Ikyu

Yahoo JapanYahoo Japan offered to take over travel website Ikyu Corp for around 100 billion yen ($828 million)....

SMFG to buy GE's Japan leasing business for $4.8 billion

Sumitomo Mitsui FinancialSumitomo Mitsui Financial Group will buy General Electric's Japanese leasing business for $4.8 billion, the two companies said....

Toshiba to cut up to 7,000 jobs

ToshibaToshiba Corp is looking to cut up to 7,000 jobs, as it looks to streamline operations in the wake of an accounting scandal, the Nikkei business daily reported....

AstraZeneca boosts respiratory unit with $575 million Takeda deal

AstraZenecaAstraZeneca has entered into a definitive agreement to acquire the core respiratory business of Takeda Pharmaceutical Company Limited....

Tomato prices in Spain increase by 500% from field to table

TomatoSince early November, Almeria's growers have been suffering the low prices registered by the region's horticultural products, especially those of cucumbers, tomatoes and peppers....

Barclays sells risk analytics and index solutions business to Bloomberg

BarclaysBarclays has agreed to sell Barclays Risk Analytics and Index Solutions to Bloomberg for approximately £520 million....

China Finance Online Q3 net revenues $37 million, up 74.8%

China Finance OnlineChina Finance Online announced its unaudited financial results for the third quarter and first nine months ended September 30, 2015....

AstraZeneca to acquire 55% of of Acerta for upfront payment of $2.5 billion

AstraZenecaAstraZeneca has entered into an agreement to invest in a majority equity stake in Acerta Pharma, a privately-owned biopharmaceutical company based in the Netherlands and U.S....

Bang & Olufsen Q2 revenue up 26%, B&O PLAY grew 132%

Bang & OlufsenBang & Olufsen A/S Group posted its interim report for 1st half-year 2015/2016 for the period June 1, 2015 – November 30, 2015....

Saab successor Nevs signs $12bn electric cars deal with Panda New Energy

NevsNational Electric Vehicle Sweden (Nevs), which bought the assets of Saab Automobile, and the Chinese company Panda New Energy have signed a strategic collaboration agreement....

Cerberus enters Avon with $605 million, will take over North American business

CerberusAvon Products said Cerberus Capital Management would take a 16.6 percent stake in the company and buy 80.1 percent of its North American business in a $605 million....

90% of industries have patient data breaches

Stolen medical informationStolen medical information is a much more widespread issue than previously thought, affecting 18 out of 20 industries examined, according to the Verizon 2015 Protected Health Information Data Breach Report....

Statoil awards $2.77 billion maintenance contracts in Norway

StatoilStatoil has awarded contracts worth NOK24bn ($2.77 billion) for the maintenance and modification services in its offshore and onshore oil and gas platforms in Norway....

More than one million new jobs in Florida

TallahasseeFlorida’s private sector has created more than 1 million jobs since December 2010....

Qihoo 360 enters into definitive agreement for going private

Qihoo 360Qihoo 360 Technology has entered into a definitive merger agreement pursuant to which the company will be acquired by a consortium of investors in an all-cash transaction valued at approximately $9.3 billion....

Darden Restaurants Q2 adjusted diluted net EPS increased 92.9%

Red LobsterDarden Restaurants reported its financial results for the 2016 dsecond quarter ended November 29, 2015. Total sales from continuing operations increased 3.2% to $1.61 billion....

TowneBank will acquire Monarch, create $7.3 billion bank

TowneBankHampton Roads based TowneBank and Monarch Financial Holdings, the parent company of Monarch Bank, signed a definitive merger agreement for TowneBank to acquire Monarch....

U.S. Congress lifts 40 year old oil export ban

Oil ban liftedThe U.S. Congress lifted a 40 year old oil export ban amid near-record high crude American production, as part of a $1.1 trillion federal spending measure....

Alcoa gets multiyear contracts with Boeing worth more than $2.5 billion

Boeing factoryAlcoa announced long-term supply contracts with Boeing worth more than $2.5 billion. Alcoa will supply multi-material fastening systems for every Boeing platform in its largest fastener deal ever....


 

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