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Highlights: February 10, 2019 - February 14, 2020

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Christian Fernsby ▼ | February 17, 2020
The most interesting business stories that marked last week.
Highlights
What happened last week  
Atlas Copco in $1.19 billion bid for German company Isra Vision

Atlas CopcoAtlas Copco and ISRA VISION have signed a Business Combination Agreement to create a new division for ISRA VISION within the Business Area Industrial Technique....

Simon Property Group to acquire Taubman Centers in $3.6 billion deal

Simon Property GroupSimon Property Group said today it has entered an agreement to acquire mall REIT Taubman Centers in an all-case deal valued at about $3.6 billion....

UNIQA to acquire AXA operations in CEE region for $1.1 billion

UNIQA insurerAustrian insurer UNIQA has agreed to acquire France-based insurance firm AXA's operations in Poland, Czech Republic and Slovakia for $1.1bn....

Fidelity National Financial to acquire life insurance group F and G in $2.7bn deal

Fidelity National FinancialFidelity National Financial (FNF), a U.S. title insurance company, has agreed to acquire FGL Holdings (F and G), a fixed indexed annuities and life insurance provider....

Daimler to share profit with workers after revenue of 172.7 billion euros

DaimlerDaimler today reported its preliminary results for the fiscal year 2019 ended December 31, 2019....

Libyan oil revenues fall to zero

Khalifa HaftarLibya's vital oil revenues fell to zero in January, the central bank said on Monday, after forces and tribesmen allied to eastern commander Khalifa Haftar blocked major oil ports....

Home Depot to hire 80,000 employees

Home DepotThe Home Depot is hiring 80,000 associates this spring in preparation for its busiest season of the year....

Softbank profit down 99 percent

SoftbankSoftbank's quarterly profit has been almost entirely wiped out after heavy losses from its Vision Fund hit the technology investor for the second consecutive quarter. ...

CVS Health Q4 goes from net loss to profit

CVS HealthCVS Health today reported a profit for its fourth quarter, compared to net loss last year, reflecting higher operating income, partially offset by higher income tax expense associated with increase in pre tax income....

Noble Energy Q4 net loss $1.2 billion

Noble EnergyNoble Energy today provided fourth quarter results....

Namibia's dairy industry faces collapse due to drought

Namibia cowNamibia's dairy industry faces collapse as milk production has fallen 9 percent since 2018, an official said, blaming an ongoing drought....

Pepsico Q4 profit sharply declined

PepsicoPepsico today reported a profit for the fourth quarter that sharply declined from last year, which included a huge tax benefits....

Standard Chartered Bank arranges $1.46 billion for railway in Tanzania

Dar es Salaam railThe Government of Tanzania Ministry of Finance has signed a facility agreement with Standard Chartered Tanzania for a US$ 1.46 billion term loan financing to fund the construction of the Standard Gauge Railway (SGR) project from Dar es Salaam to Makutupora....

ImmunoGen Q4 revenues up 235%

ImmunoGenImmunoGen today reported financial results for the quarter ended December 31, 2019....

Renault from 3.30 billion euros in profit to 141 million euros in loss

RenaultRenault reported a net loss, Group share, of 141 million euros for fiscal 2019 compared to profit of 3.30 billion euros, prior year....

Credit Agricole profit up 65%

Credit AgricoleCredit Agricole fourth quarter net profit beat expectations after it rose sharply, supported by one offs and growing revenue....


 

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