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Highlights: January 4 - January 10, 2017

Staff Writer | January 9, 2017
The summary of the last week's business headlines and the most interesting stories.
Highlights
Week at a glance  
Inflation rate in Germany hits 41-month high

GermanyThe inflation rate in Germany as measured by the consumer price index is expected to be 1.7 percent in December 2016, the highest level since July 2013....

Norway's seafood exports surged 23 percent to record high

Norwegian seafoodNorwegian seafood exports rose by 23 percent in 2016 from a year earlier to a record of 91.6 billion Norwegian crowns ($10.59 billion), the Norwegian Seafood Council (NSC) said....

Number of farms in Bulgaria hit by bird flu doubles in under week

Bulgaria chickenA bird flu outbreak in Bulgaria has spread to at least 26 farms, the Agriculture Ministry said, nearly double the figure announced on December 30....

Gartner to acquire CEB for $2.6 billion

GartnerGartner will acquire all of the outstanding shares of CEB, a provider of best practice and talent management insights, in a cash and stock transaction valued at approximately $2.6 billion....

Same tweet, new target: Trump goes against Toyota

Trump DonaldPresident-elect Donald Trump is directing his tweets at Toyota Motor for its decision to ramp up production in Mexico....

Brazilian vehicle sales slump to lowest point in decade

Brazilian vehicleBrazilian vehicle sales and production slumped last year to a decade low, underlining the decline of the once-booming car industry in Brazil....

Sears closing 150 non-profitable stores

KmartSears Holdings Corporation decided to close an additional 150 non-profitable stores, comprised of 108 Kmart and 42 Sears stores, to stem losses....

After four years Asia Pacific submarine internet link completed

APGThe Asia Pacific Gateway (APG) submarine fiber optic cable line has been put into operation after four years under construction....

Novartis giving $1.6 billion to get access to two cardio drugs

NovartisNovartis has agreed to pay up to $1.6 billion to Ionis Pharmaceuticals and its unit Akcea Therapeutics for the rights to two cardiovascular drugs....

Peruvian fruit exports grow by 236% in five years

Peruvian fruitAccording to the National Institute of Statistics and Informatics (INEI), Peruvian fruit and nut exports between 2010 and 2015 had a cumulative growth of 236%, and an annual 27.4% average increase....

China's 2016 forestry sector output hits $930 billion

China forestry sectorChina's forestry sector saw its output rise to 6.4 trillion yuan ($930 billion) last year, up from 5.9 trillion yuan in 2015, according to a national conference on forestry....

Australian trade deficit falls 97 percent

Australian trade deficitIn trend terms, the balance on goods and services in Australia was a deficit of $16 million in November 2016, a decrease of $503 million (97%) on the deficit in October 2016....

The Limited closing all 250 stores nationwide, cuts 4,000 jobs

The LimitedThe Limited said it is closing all of its 250 stores nationwide, but the retailer said the online store is still working....

Senior German leader: EU could break apart, that's clear now

Sigmar GabrielGerman Vice Chancellor Sigmar Gabriel told Der Spiegel that the fall of the European Union is very real and it could happen soon....

Tesco spinach in China contains pesticide 71 times over limit

Tesco spinachTwo batches of vegetables sold at Lotus and Tesco outlets in Shanghai have been found to contain excessive amounts of pesticide residue and have been removed from shelves....

McDonald’s selling majority stake in China for up to $2 billion

McDonald’s ChinaMcDonald as reached a deal to sell a controlling stake in its China operations to an investor group led by Citic, one of China’s largest state-owned companies....

Hotels Norfolk and Virginia Beach best performers, New Orleans sinks

New OrleansThe U.S. hotel industry recorded mostly positive results in the three key performance metrics during the week of December 25-31, 2016, according to data from STR....

Ipsen to buy Merrimack's pancreatic cancer assets in $1 billion deal

IpsenFrench drugmaker Ipsen said it will buy some assets of Merrimack Pharmaceuticals, including pancreatic cancer drug Onivyde, for up to $1 billion....

UnitedHealth’s Optum to buy Surgical Care Affiliates for $2.3 billion

OptumOptum, part of UnitedHealth Group, and Surgical Care Affiliates are combining in an agreement that calls for the acquisition of SCA’s outstanding common stock for $57.00 per share....

Takeda to acquire Ariad Pharmaceuticals in $5.2 billion deal

Ariad PharmaceuticalsTakeda Pharmaceutical Company will acquire all of the outstanding shares in Ariad Pharmaceuticals for $24.00 per share in cash, or an enterprise value of approximately $5.2 billion....

Mars to buy VCA pet healthcare in $9.1 billion transaction

VCAMars will acquire all of the outstanding shares of VCA for $93 per share, or a total value of approximately $9.1 billion including $1.4 billion in outstanding debt....

Valeant to sell several businesses for $2.119 billion

ValeantValeant Pharmaceuticals International has entered into an agreement to sell its CeraVe, AcneFree and AMBI skincare brands to L'Oréal for $1.3 billion in cash....

NovaBay Pharmaceuticals Q4 sales increased 146% to $3.8 million

NovaBay PharmaceuticalsNovaBay Pharmaceuticals announced that Avenova sales for the fourth quarter of 2016 are expected to exceed $3.8 million....


 

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