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Highlights: March 23, 2015 - March 27, 2015

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Staff writer ▼ | March 30, 2015
The summary of the last week's key headlines and the most interesting stories.
Highlights of the week
WEEK AT A GLANCE  
DHCOG net profit reached $1.27 billion
Monday March 23, 2015 3:31AM
JumeirahDubai Holding announced the financial results for its business group, Dubai Holding Commercial Operations Group (DHCOG), for the year ended 31 December 2014....

Sinopec profit down 29.7%
Monday March 23, 2015 4:45AM
SinopecChina Petroleum & Chemical Corporation (Sinopec announced its annual results for the year ended December 31, 2014. Profit attributable to equity shareholders down 29.7%....

ChemChina to buy Pirelli in $7.7 billion deal
Monday March 23, 2015 4:50AM
PirelliChina National Chemical will acquire Pirelli, the world's fifth-largest tire maker, in a $7.7 billion deal....

KB Home Q1 total revenues went up 29%
Monday March 23, 2015 5:37AM
KB HomeKB Home reported results for its first quarter ended February 28, 2015. Total revenues of $580.1 million rose 29% from $450.7 million in the year-earlier quarter....

Optimal Payments to buy Sentinel Topco in $1.2 billion deal
Monday March 23, 2015 8:36AM
Optimal PaymentsOptimal Payments Plc said it is to buy the maker of the Skrill e-wallet, the biggest competitor to its Neteller business, for an enterprise value of about 1.1 billion euros ($1.2 billion)....

Humana to sell Concentra to MJ Acquisition for $1.055 billion
Monday March 23, 2015 1:57PM
ConcentraHumana has reached a definitive agreement to sell the stock of its wholly-owned subsidiary, Concentra, to MJ Acquisition Corporation, a joint venture between Select Medical Holdings Corporation and Welsh, Carson, Anderson & Stowe XII....

Concord Medical Services Q4 net income up 154.1%
Tuesday March 24, 2015 3:30AM
Concord Medical ServicesConcord Medical Services Holdings Limited announced its unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2014....

Optimal Payments statutory EPS increased 64%
Tuesday March 24, 2015 5:37AM
Optimal PaymentsOptimal Payments Plc announces its results for the year ended 31 December 2014. Full year performance reflects significant organic and inorganic growth....

TransAlta Renewables to invest $1.78 billion in Australian power
Tuesday March 24, 2015 6:37AM
TransAltaTransAlta Renewables will invest in TransAlta Corporation's Australian power generation and gas pipeline portfolio and fund the remaining project costs for the South Hedland gas-fired project for a combined value of approximately $1.78 billion....

UK government on track to exceed £20 billion of savings for taxpayers
Tuesday March 24, 2015 6:45AM
UK governmentThe UK government has already identified £11 billion of efficiency and reform savings for the next financial year up to January 2015....

German trade surplus hits record $236.2 billion in 2014
Tuesday March 24, 2015 8:57AM
Germany surplusThe German trade surplus hit a record high level in 2014 with an amount of 216.9 billion euros ($236.2 billion), official data showed....

Telefonica finalizes $15 billion sale of O2 to Hutchison
Tuesday March 24, 2015 5:14PM
Telefonica O2Spain's Telefonica finalised a deal to sell its British mobile business O2 to Li Ka-shing's Hutchison Whampoa for 10.25 billion pounds ($15.2 billion)....

Lexmark to buy Kofax in $1 billion deal
Tuesday March 24, 2015 5:20PM
LexmarkUnder the terms of the merger agreement, Lexmark International will acquire all of the outstanding shares of Kofax Limited for $11 per share in cash for a total enterprise value of approximately $1 billion, net of cash acquired....

J. M. Smucker completes $6 billion acquisition of Big Heart Pet Brands
Wednesday March 25, 2015 3:23AM
J. M. SmuckerThe J. M. Smucker Company has completed the acquisition of Big Heart Pet Brands in a cash and stock transaction valued at approximately $6 billion....

Heinz and Kraft Foods to join in Kraft Heinz Company
Wednesday March 25, 2015 8:30AM
Kraft FoodsH.J. Heinz Company and Kraft Foods Group, Inc. have entered into a definitive merger agreement to create The Kraft Heinz Company, forming the third largest food and beverage company in North America....

Ocwen Financial Intends to sell $25 billion portfolio to Nationstar
Wednesday March 25, 2015 10:36AM
Ocwen FinancialOcwen Financial Corporation announced that its subsidiary Ocwen Loan Servicing and Nationstar Mortgage, a wholly-owned subsidiary of Nationstar Mortgage Holdings, have agreed in principle to the sale by Ocwen of residential mortgage servicing rights....

Telefonica agrees £10.25 billion sale of O2 to Hutchison Whampoa
Thursday March 26, 2015 7:02AM
Telefonica_O2O2, Britain's second-largest mobile operator, has been sold to Hutchison Whampoa, the owner of rival operator Three, for £10.25 billion....

Hainan Airlines to buy 30 Boeing 787-9 for $7.7 billion
Thursday March 26, 2015 7:52AM
Hainan AirlinesHainan Airlines plans to order 30 Boeing B787-9 jets as it seeks to expand international routes to tap into growing demand for overseas travel from China....

Smithfield Foods profit jumps 340 percent
Thursday March 26, 2015 11:05AM
Smithfield FoodsSmithfield Foods reported record financial results for last year. Profit for the fourth quarter ended December 28 skyrocketed 340 percent to $152.6 million from $34.7 million in Q4 2013....

Aviva, Friends Life shareholders vote for $8.4 billion merger
Thursday March 26, 2015 3:54PM
AvivaShareholders of Aviva and Friends Life voted in favor of Aviva's $8.4 billion takeover of Friends Life....

Borse Dubai exits London Stock Exchange with $2.1 billion
Thursday March 26, 2015 4:01PM
London Stock ExchangeBorse Dubai has sold its shareholding in London Stock Exchange Group plc (LSE), representing approximately 17.4% of the share capital in the company, through a block sale managed by BofA Merrill Lynch, Barclays Bank, and Nomura International....

Jaguar Land Rover to invest £600m in West Midlands
Friday March 27, 2015 6:54AM
Jaguar Land RoverJaguar Land Rover confirmed a 600 miilion pounds investment in the West Midlands to support product creation and advanced vehicle manufacturing....

PetroChina net profits fall 17.3%
Friday March 27, 2015 8:25AM
PetroChinaNet profits of PetroChina, China's top oil and gas producer, fell 17.3 percent year on year to 107.2 billion yuan ($17.5 billion) in 2014....

Fosun reports profit rise of 24 percent
Friday March 27, 2015 8:47AM
Fosun InternationalChina's largest domestic private investment company, Fosun International, said its profits last year rose 24.2 percent to 6.85 billion yuan ($1.1 billion)....

Dow Chemical to sell most of its chlorine business in $5 billion deal
Friday March 27, 2015 10:23AM
Dow ChemicalDow Chemical said it will separate a significant part of its chlorine business and sell it to Olin Corporation in a tax-efficient deal valued at almost $5 billion....

Chevron wants to exit Caltex Australia with $3.6bn sale
Friday March 27, 2015 10:33AM
ChevronChevron is seeking to sell its entire stake in Caltex Australia for about A$4.6 billion ($3.6 billion)....

Baker Hughes, Halliburton shareholders approve $35 billion merger
Friday March 27, 2015 4:56PM
Baker HughesShareholders voted to approve the mergers of Baker Hughes and Halliburton, bringing the proposed deal a step closer to finalization....


 

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