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Highlights: June 3 - June 7, 2019

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Christian Fernsby ▼ | June 17, 2019
Highlights
Business week in short  

The most interesting business stories that marked last week.

Insys Therapeutics files for bankruptcy

Insys TherapeuticsInsys Therapeutics filed for Chapter 11 bankruptcy protection on Monday....

Salesforce to buy big data firm Tableau Software for $15.3 billion

SalesforceSalesforce.com Inc said it would buy big data company Tableau Software for $15.3 billion in an all-stock deal....

Merck to buy Tilos Therapeutics for up to $773 million

MerckMerck said it agreed to buy privately held Tilos Therapeutics for up to $773 million, bolstering its pipeline of drugs to treat cancer and autoimmune diseases....

Comstock Resources to acquire Covey Park in $2.2 billion deal

Comstock ResourcesComstock Resources said it would buy privately held natural gas company Covey Park in a deal valued at about $2.2 billion....

Malaysia 1Q foreign investments rise 73 percent

Street in MalaysiaMalaysia's foreign investments in the first quarter surged 73.4 percent year-on-year to 29.3 billion ringgit (about 7 billion U.S. dollars) in the first quarter, driven mainly by manufacturing investment, according to a government agency....

Shutterfly to be bought by Apollo Global in a $2.7 billion deal

ShutterflyShutterfly announced that it has entered into a definitive agreement with affiliates of certain funds managed by affiliates of Apollo Global Management pursuant to which the Apollo Funds will acquire all the outstanding shares of Shutterfly for $51.00 per share in cash, or enterprise value of approximately $2.7 billion....

Low inflation presents challenges for the economy, says Matthew Luzzetti

Chief US Economist Matthew LuzzettiChief US Economist Matthew Luzzetti shared insights on the current global interest rate environment and the challenge that low inflation plays in efforts to support the economy when needed., Deutchse Bank reports....

Amitabh Bachchan pays loans of 2,100 farmers after helping 1,748 others

Amitabh BachchanBollywood megastar Amitabh Bachchan revealed that he helped Indian farmers in clearing their outstanding loans....

Boeing: We didn't sell a single plane. Again

Boeing 737Boeing has reported zero new commercial plane orders for May for the second month in a row....

Bayer to invest 5 billion euros in weedkiller research

BayerInnovation will cut the ecological footprint of Bayer’s agricultural portfolio....

Volkswagen wants 1.9 billion euros from truck unit IPO

Volkswagen Traton truckVolkswagen said that it aims to raise up to 1.9 billion euros ($2.1 billion) by floating a stake of at least 10% in its Traton trucks unit later this month.... â– 


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