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Highlights: January 25 - January 30, 2015

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Staff writer ▼ | February 1, 2016
The summary of the last week's key headlines and the most interesting stories.
Highlights of the week
WEEK AT A GLANCE  
World wheat output to fall for first time in four years

Wheat productionGlobal wheat production will fall in 2016-17 for the first time in four years but not by enough to drag world inventories of the grain far below this season’s record high, the International Grains Council (IGC) said....

Johnson Controls and Tyco to merge, expected synergies $500m

Johnson ControlsJohnson Controls will combine with Tyco to create the leader in building products and technology, integrated solutions and energy storage....

Ford: There's no profit in Indonesia. And will never be

Ford IndonesiaFord said that after pursuing every possible option, it has become clear that there is no path to sustained profitability, nor will be, in Indonesia....

Texas manufacturing activity falls sharply

TexasTexas factory activity fell sharply in January, according to business executives responding to the Texas Manufacturing Outlook Survey....

323% rise in number of body worn camera bids from 2014 to 2015

Worn cameraBidPrime's data reveals the dramatic increase in the number of government bids and requests for proposals in 2015....

Worldwide public cloud services market to reach $204 billion

IaaSThe worldwide public cloud services market is projected to grow 16.5 percent in 2016 to total $204 billion, up from $175 billion in 2015, according to Gartne....

Kingfisher to deliver £500m sustainable annual profit uplift

KingfisherKingfisher announced 5 year transformation to deliver £500m sustainable annual profit uplift by the end of Year 5 over and above "business as usual"....

Illinois Tool Works to buys EF&C business from ZF TRW for $450 million

Illinois Tool WorksIllinois Tool Works reached a definitive agreement to acquire the Engineered Fasteners and Components business (EF&C) from ZF TRW for $450 million....

Sprint to cut 2,500 jobs, wants to save $2.5 billion

SprintSprint will reduce approximately 7% of its workforce, 2,500 jobs, under the company’s long-term cost reduction strategy....

Huntington Bancshares to buy FirstMerit for $3.4 billion

Huntington BancsharesHuntington Bancshares will buy Ohio-based FirstMerit for approximately $3.4 billion in a cash-and-stock deal....

Apple reports record Q1 revenue of $75.9 billion

AppleApple announced results for its 2016 first quarter ended December 26, 2015. The company posted record quarterly revenue of $75.9 billion and record quarterly net income of $18.4 billion, or $3.28 per diluted share....

AT&T Q4 consolidated revenues increased more than 22%

AT&TAT&T reported 2.8 million wireless net adds and double-digit revenue, adjusted operating margin, adjusted EPS and free cash flow growth for the fourth quarter....

Hawaiian Holdings net income jumps from $113.7m to $182.6m

Hawaiian HoldingsHawaiian Holdings, parent company of Hawaiian Airlines, reported its financial results for the fourth quarter and full year 2015....

Chemical Financial and Talmer Bancorp to merge in $1.1 billion deal

Chemical FinancialChemical Financial Corporation and Talmer Bancorp will enter a cash and common stock merger transaction valued at approximately $1.1 billion....

ADB private sector financing tops $2.6 billion in 2015, up 37%

ADBThe Asian Development Bank (ADB) approved a record $2.6 billion of new financing and investments for the private sector in 2015, a 37% increase from a year earlier and 62% higher than in 2013. ...

Oregon first in higher education funding growth

University of OregonData from 48 states in a Grapevine survey show an overall 4.1% increase in state fiscal support for higher education from Fiscal Year 2015 (FY15) to Fiscal Year 2016 (FY16)....

Cliffs Natural Resources Q4 revenues $476 million, down 54%

Cliffs Natural ResourcesCliffs Natural Resources reported fourth-quarter and full-year results for the period ended December 31, 2015....

Nexstar Broadcasting to acquire Media General in $4.6b deal

Nexstar BroadcastingNexstar Broadcasting Group will acquire all outstanding shares of Media General for $10.55 per share in cash and 0.1249 of a share of Nexstar Class A common stock for each Media General share....

PayPal Holdings Q4 revenue $2.6 billion, growth 21%

PayPalPayPal Holdings reported reported fourth quarter and full year 2015 results. Q4 revenue was $2.6 billion and growth of 17%, including 1 point from the acquisition of Xoom....

Facebook revenue for full year 2015 increased 44%

FacebookFacebook reported financial results for the fourth quarter and full year ended December 31, 2015....

Nepal's imports from India and China decreased by 39.2%

Nepal street marketNepal's imports from India and China decreased by 39.2 percent and 14.1 percent respectively during the first five months of the current fiscal year....

Flotek Industries revenue $334.4 million, decrease 25.6%

Flotek IndustriesFlotek Industries announced results for the year December 31, 2015. Flotek reported revenue of $334.4 million....

AIG to restructure and return $25 billion to shareholders

American International GroupAmerican International Group (AIG) announced a series of strategic organizational changes and operating improvements....

Blackstone completes $8 billion Biomed Realty Trust acquisition

Biomed Realty TrustBioMed Realty Trust completed of its acquisition by affiliates of Blackstone Real Estate Partners VIII L.P. The total transaction value is approximately $8 billion....

Illinois Tool Works Q4 diluted EPS$1.23, up 4%

Illinois Tool WorksIllinois Tool Works reported fourth quarter 2015 diluted earnings per share (EPS) of $1.23, a 4 percent increase compared to the year-ago period....

Skills shortages in UK rise 130% in four years

Skilled workerNew research shows that the modest economic growth of the past four years has been met by an unprecedented shortage of skills, leaving thousands of vacancies unfilled....

Global smartphone shipments hit record 1.4 billion, Samsung first

Samsung smartphoneGlobal smartphone shipments grew 12 percent annually to hit a record 1.4 billion units in 2015, according to Strategy Analytics....

Creative sector earns $120 billion for British economy

British filmBritain's creative industries earn the county's economy almost $14 million every hour, according to new figures....

Alibaba Group revenue increased 32% to $5,333 million

AlibabaAlibaba Group Holding announced its financial results for the quarter ended December 31, 2015. Revenue was RMB34,543 million ($5,333 million), an increase of 32% year-over-year....

American Airlines Group post record profit of $3.3 billion

American Airlines GroupAmerican Airlines Group reported its 2015 fourth quarter results. The company reported a record Q4 GAAP net profit of $3.3 billion, or $5.09 per diluted share....

Manhattan and Brooklyn prices end 2015 at record highs

BrooklynManhattan's median resale price rose 7.1 percent from last year to $1,002,008, a record high and the first time in history that it exceeded $1 million....

Amazon operating cash flow increased 74%

AmazonAmazon.com announced financial results for its fourth quarter ended December 31, 2015. Operating cash flow increased 74% to $11.9 billion for the trailing twelve months....

Axiall rejects Westlake Chemical's $1.4 billion, 100% premium offer

AxiallAxiall, a chemical and building products maker, has rejected Westlake Chemical's $1.4 billion cash-and-stock offer....

Chevron Corporation Q4 loss $588 million

ChevronChevron Corporation reported a loss of $588 million ($0.31 per share – diluted) for fourth quarter 2015....


 

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