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Highlights: January 10 - January 15, 2016

Staff writer ▼ | January 18, 2016
The summary of the last week's key headlines and the most interesting stories.
Highlights of the week
WEEK AT A GLANCE  
ADB's operations hit record high of $27.15 billion

ADBThe Asian Development Bank (ADB) said that its operations reached an all-time high of $27.15 billion in 2015....

Singapore government announces $13.2 billion support for R&D in next 5 years

SingaporeA plan of 19 billion Singapore dollars ($13.2 billion) aimed at supporting Singapore's research and development efforts over the next five years was announced by the city state's Prime Minister Lee Hsien Loong on Friday....

Shire to buy Baxalta in $32 billion deal

ShireShire plc and Baxalta Incorporated reached an agreement under which Shire will combine with Baxalta. Baxalta shareholders will receive $18 in cash and 0.1482 Shire ADS per Baxalta share....

APC Technology Group revenue increased 51%

APCAPC Technology Group announced its preliminary results for the year ended August 31, 2015. Revenue increased by 51% to £31.1 million (2014: £20.6 million)....

Arch Coal files for Chapter 11 reorganization bankruptcy

Arch CoalArch Coal reached an agreement with a majority of the lenders under its $1.9 billion first lien financing facility to significantly restructure the company's debt load....

Final 2015 desktop online holiday sales reach $56.4 billion

Holiday salesComScore reported holiday season U.S. retail e-commerce spending from desktop computers for the entire November-December 2015 holiday season....

Chilled and deli foods market to stand at $988.7 billion

Chilled foodBusy and hectic lifestyles are the primary reasons for the growth of the chilled and deli foods market in North America....

EU wants Belgium to return 700 million euros from unpaid taxes

Antwerp streetThe European Commission has concluded that selective tax advantages granted by Belgium under its "excess profit" tax scheme are illegal under EU state aid rules....

ChemChina-led group to buy KraussMaffei of Germany for $1 billion

KraussMaffei GroupA consortium led by state-owned China National Chemical (ChemChina) is to buy industrial machinery maker KraussMaffei Group for about $1 billion....

Hagan Capital Group and Silver Creek Capital want American Apparel for $300m

American ApparelAmerican Apparel received a $300 million offer from a group of investors who are backing the return of the company's founder Dov Charney....

South Korea's surplus in industrial parts trade exceeds $100 billion

South Korea industrial partsSouth Korea's surplus in trade of industrial parts and components exceeded $100 billion for two straight years in 2015, a government report showed....

The most successful year ever for BMW Group

BMW2015 was the most successful year ever for the BMW Group with annual sales setting a new record for the fifth year in a row....

US dollar in Chile climbs to highest value since 2003

Chile streetThe US dollar reaffirmed its value in the Chilean money exchange market during the first week of the year, trading in the commercial sector at an average of 728 Pesos....

Alcoa signs $1.5 billion long-term contract with GE Aviation

GE AviationAlcoa signed a long-term contract with GE Aviation for jet engine components in an agreement valued at more than $1.5 billion over the contract life....

Consumer groups: McDonald's charging rents 10 times above market rates

McDonald'sItalian consumer groups filed an antitrust complaint with the European Commission against McDonald's. They say the company used its dominant position in the market to gouge consumers and its franchisees....

Dominion Resources to invest $9.5 billion through 2020

Dominion ResourcesDominion Virginia Power, a unit of Dominion Resources, has earmarked $9.5 billion for capital expenditures through 2020, including on clean energy....

Wanda acquires Legendary Entertainment for $3.5 billion

The Great WallDalian Wanda Group announced the execution of a merger agreement with US Legendary Entertainment at a signing ceremony in Beijing....

Corus Entertainment to acquire Shaw Media for $2.65 billion

ShawCorus Entertainment entered into an agreement to acquire all of Shaw Media from Shaw Communications for $2.65 billion....

91% of U.S. corporations planning on making acquisition

AcquisitionCompany leaders are turning increasingly to mergers & acquisitions. In fact, 91 percent intend to initiate at least one acquisition in 2016, up significantly from 63 percent in 2014....

Airbus delivers record number of planes

Airbus factoryAirbus delivered a record number of planes in 2015. The European company delivered a record 635 planes last year, compared with a tally of 762 jets for Boeing....

Al Jazeera America to close down by April 30

Al Jazeera AmericaAl Jazeera America will shutter its cable TV and digital operations by April 30 of this year, the company said....

New record year for Porsche with 225,121 vehicles delivered

Porsche MacanWith 225,121 vehicles delivered to customers worldwide, Porsche achieved a new record in 2015, exceeding the previous record of 189,849 cars in 2014 by 19 percent....

Petrobras cuts investment by 25% to $98.4 billion

PetrobrasPetrobras board approved changes to the 2015-2019 Business and Management Plan. The revised plan provides for $98.4 billion investment, down $32 billion, or roughly 25%, from the original $130.3 billion....

Belarus' foreign trade surplus increased 141%

Belarus streetIn January-November 2015 the surplus of Belarus' foreign trade in merchandise and services totaled $485.3 million, 141% compared the same period last year, according the National Bank....

Nobilis Health Q3 total revenues increased 205%

Nobilis HealthNobilis Health announced its 2015 third quarter financial results. Total revenues for the three months ended September 30, 2015 totaled $52.5 million....

UK schools in £30 million savings boost after deal with Microsoft

UK schoolA major new agreement with Microsoft will save schools millions of pounds which can be used to continue raising standards for students....

Brown-Forman to sell Southern Comfort and Tuaca to Sazerac for $544m

Brown-FormanBrown-Forman Corporation has reached an agreement to sell its Southern Comfort and Tuaca trademarks to Sazerac for $543.5 million....

First Republic Bank core revenues increased 20.8%

First Republic BankFirst Republic Bank announced financial results for the quarter ended December 31, 2015. Core revenues were $484.9 million, up 20.8%....

Eesti Energia signs $2.1 billion Jordanian power plant deal

Eesti EnergiaEstonian energy group Eesti Energia signed agreements on financing the construction of an oil shale-fired power plant and related open-cast mine in Jordan....

GE sells Appliances to Qingdao Haier for $5.4 billion

GE AppliancesGE signed a definitive agreement to sell its Appliances business to Qingdao Haier for $5.4 billion....

Pakistan State Oil allowed to sign $16 billion LNG deal with Qatar

Pakistan State OilThe government allowed Pakistan State Oil (PSO) to sign LNG Sale Purchase Agreement (LSPA) with Qatargas for import of liquefied natural gas (LNG) of around $16 billion in 15 years at a relatively lower rate....

Vivendi sells Activision Blizzard shares for $1.1 billion

VivendiVivendi said it unwound the hedge on its remaining 41.5 million Activision Blizzard shares representing 5.7% of the video game publisher's common shares....

Goldman Sachs to pay $5.1 billion mortgage settlement

Goldman Sachs GroupGoldman Sachs Group has reached a nearly $5.1 billion tentative settlement of a federal and state investigation of its handling of mortgage-backed securities before the national financial crisis....

Cloud security market to reach $11.8 billion

Cloud securityIn a recent market study by Transparency Market Research (TMR), the global cloud security market is projected to grow at a CAGR of 12.8% from 2015 to 2022....

Regions Financial Q4 net income 40 percent higher

Regions FinancialRegions Financial Corporation announced earnings for the fourth quarter and full year ended December 31, 2015. Q4 net income available to common shareholders from continuing operations of $272 million and earnings per diluted share of $0.21....

Maersk Group introduces improved maternity benefits worldwide

MaerskTo increase the retention of women following childbirth or adoption, the Maersk Group is from April 4, 2016 implementing a new maternity policy that improves benefits during and after maternity leave for employees globally....

Rocky Mountain Chocolate Factory Q3 net income fell 54.2%

Rocky MountainRocky Mountain Chocolate Factory reported its operating results for the third quarter ended November 30, 2015. Consolidated net income fell 19 percent to $774,000, versus $954,000 in the prior-year period....

BHP Billiton to take $7.2 billion charge on U.S. assets

BHP BillitonBHP Billiton expects to recognise an impairment charge of approximately $4.9 billion post-tax (or approximately $7.2 billion pre-tax) against the carrying value of its Onshore U.S. assets....

Wal-Mart to close 269 stores, will focus on Supercenters, Neighborhood Markets

Wal-MartWal-Mart Stores announced plans to close 269 stores in the U.S. and globally. Impacted associates will receive assistance. ...

Merck solves Vioxx class action, will pay $830 million

MerckMerck has reached an agreement with plaintiffs to resolve In re Merck & Co. Securities Litigation, a multi-district class action lawsuit pending in New Jersey federal court....


 

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