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Highlights: July 13 - July 18, 2015

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Staff writer ▼ | July 20, 2015
The summary of the last week's key headlines and the most interesting stories.
Highlights of the week
WEEK AT A GLANCE  
Kingtone Wirelessinfo Solution revenues increased 132.9%

Kingtone WirelessinfoKingtone Wirelessinfo Solution Holding announced the financial results for the six months ended March 31, 2015....

National Bank of Fujairah net profit increases 26.7%

NBFNational Bank of Fujairah PJSC (NBF) announced its results for the half year ended June 30, 2015. Net profit was AED 303.6 million compared to AED 239.5 million in the corresponding period of 2014; an increase of 26.7%....

MPLX LP and MarkWest Energy Partners join to create $21 billion firm

MPLXMPLX LP and MarkWest Energy Partners, L.P. signed a definitive merger agreement whereby MarkWest would become a wholly owned subsidiary of MPLX....

Jarden to acquire Waddington Group for $1.35 billion

Waddington GroupJarden Corporation, a consumer products company, has entered into a definitive purchase agreement to acquire Waddington Group, a manufacturer of disposable tableware, from an investment fund managed by Olympus Partners and other stockholders for approximately $1.35 billion....

Largest U.S. companies formed 100,000 Opportunities Initiative

WorkersMore than a dozen leading, U.S.-based companies announced the formation of the 100,000 Opportunities Initiative, which has the goal of being the nation’s largest employer-led coalition committed to meaningful employment for America's young people....

Almost $3 billion for families and jobs in Canada

Pierre PoilievreEmployment and Social Development Minister Pierre Poilievre and Member of Parliament Royal Galipeau (Ottawa-Orléans) announced that the Canadian government will transfer almost $3 billion to families and the economy on Monday, July 20....

Lindt & Sprüngli Group sales went up 24.9%

Lindt & Sprüngli GroupLindt & Sprüngli Group reported its semi-annual sales results. Organic sales growth of the Lindt & Sprüngli Group, excluding Russell Stover increased 9.4%....

Turkish auto production and exports to hit record

Turkish auto productionTurkish auto production and exports are set to hit a record this year as big investments in capacity last year yield results and sales to Europe increase....

Salini Impregilo to build stadium for Qatar 2022 worth 770 million euro

Qatar 2022The Salini Impregilo Group has signed a contract for the construction of the Al Bayt stadium in Al Khor, a city about 50 km North of the capital Doha....

Simulations Plus Q3 net revenues increased 58.9%

Simulations PlusSimulations Plus reported financial results for its third quarter of fiscal year 2015 ended May 31, 2015 compared to the third quarter 2014. Net revenues increased 58.9% to $5.94 million, an increase of $2.2 million from $3.74 million....

Bank of the Ozarks Q2 net income increased 69.1%

Bank of the OzarksBank of the Ozarks announced that net income for the second quarter of 2015 was $44.8 million, a 69.1% increase from $26.5 million for the second quarter of 2014....

Digital Realty Trust to buy Telx in $1.886 billion transaction

TelxDigital Realty Trust will acquire Telx, a provider of data center colocation, interconnection and cloud enablement solutions, from private equity firms ABRY Partners and Berkshire Partners in a transaction valued at $1.886 billion....

CSX Corporation reports all-time record $0.56 per share

CSX CorporationCSX Corporation announced financial results for the second quarter of 2015, including net earnings of $553 million, or an all-time record $0.56 per share, an increase from $529 million, or $0.53 per share, in the second quarter of 2014....

Celgene to buy Receptos for $7.2 billion

Celgene CorporationCelgene Corporation siged a definitive agreement in which Celgene has agreed to acquire Receptos. Under the terms of the merger agreement, Celgene will pay $232 per share in cash, or a total of approximately $7.2 billion, net of cash acquired....

China's exports in June rise, but imports fall for eighth month running

China exportExports in China have risen, ending three months of decline in June. Exports rose 2.1% in Yuan-denominated terms compared with a year ago, up to 1.17tn Yuan ($187bn)....

AmeriServ Financial Q2 net income 40% better

AmeriServ FinancialAmeriServ Financial continued its positive earnings momentum in the second quarter of 2015 by reporting net income available to common shareholders of $1,369,000, or $0.07 per diluted common share....

WPX Energy to buy RKI Exploration & Production for $2.35 billion

Permian basin TexasWPX Energy will acquire privately held RKI Exploration & Production for $2.35 billion WPX will also assume $400 million of RKI's debt....

Delta Air Lines Q2 adjusted net income up 22%

Delta Air LinesDelta Air Lines reported financial results for the June 2015 second quarter, including adjusted net income of $1 billion or $1.27 per diluted share, up 22% from the June quarter of 2014....

GM invests $1.4 billion for Arlington plant upgrades

GM ArlingtonIn its largest single plant investment in the U.S. this year, General Motors announced $1.4 billion for a range of improvements to its Arlington Assembly Plant to more competitively produce high-quality full-size SUVs....

Netflix international revenue grew 48% year over year

NetflixNetflix added a Q2 record 3.3 million new streaming members, compared to 1.7 million in the previous year quarter....

Starboard Value buys stake in Macy's, thinks it's trading 70% below value

Macy'sInvestment firm Starboard Value announced it took a stake in Macy's and said company's stock is trading more than 70 percent below value....

Domino's Pizza Q2 diluted EPS 20.9% better

Domino's PizzaDomino's Pizza announced results for the second quarter of 2015, comprised of strong same store sales results and store count growth, which resulted in robust EPS growth....

TSMC Q2 revenue increased 12.2%

TSMCTSMC announced consolidated revenue of NT$205.44 billion, net income of NT$79.42 billion, and diluted earnings per share of NT$3.06 ($0.50 per ADR unit) for the second quarter ended June 30, 2015....

Perseon Corporation MicroThermX sales increased 117%

PerseonPerseon Corporation, a provider of medical systems that utilize energy to treat cancer, announced financial results for the second quarter ended June 30, 2015. Total revenues of $952,433 were solely derived from the company’s MicroThermX product line....

Home BancShares reports record quarterly profit of $33.9 million

Centennial BankHome BancShares, Inc., parent company of Centennial Bank, announced a record quarterly profit of $33.9 million, or $0.50 diluted earnings per share for the second quarter of 2015....

Old Line Bancshares net income increased 47%

Old Line BancsharesOld Line Bancshares, Inc., the parent company of Old Line Bank, reported net income available to common stockholders increased $832 thousand, or 47% to $2.6 million for the three months ended June 30, 2015....

Google Q2 revenues of $17.7 billion 11% better

GoogleGoogle announced financial results for the second quarter ended June 30, 2015. Google reported revenues of $17.7 billion and revenue growth of 11% year over year....

Amira Nature Foods Q4 revenue grew 21.6%

Amira Nature FoodsAmira Nature Foods reported financial results for its fiscal 2015 full year and fourth quarter ended on March 31, 2015. Q4 revenue grew 21.6% to $226.8 million compared to $186.6 million....

Magna to buy Getrag of Germany for $1.9 billion

GetragCanadian automotive parts maker Magna International will buy privately-owned German car parts maker Getrag for 1.75 billion euros ($1.9 billion)....

Assa Abloy Q2 profit increased 23%

Assa AbloyAssa Abloy reported a 23% rise in second-quarter net profit, as sales growth in North America, Europe and the Middle East offset weaker demand in China....

Valeant to acquire Amoun Pharmaceutical for $800 million

ValeantValeant Pharmaceuticals International will acquire Mercury Cayman, the holding company of Amoun Pharmaceutical, for consideration of approximately $800 million, plus contingent payments....


 

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