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Highlights: March 8, 2015 - March 15, 2015

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Staff writer ▼ | March 16, 2015
The summary of the last week's key headlines and the most interesting stories.
Highlights of the week
WEEK AT A GLANCE  
Japan Display to build $1.4 billion LCD screen factory
Monday March 9, 2015 3:30AM
Japan DisplayApple supplier Japan Display said it would spend $1.4 billion on a new smartphone and tablet screen factory, in a move that may be a response to growing demand from the US iPhone maker....

Chinese travelers spent $159.62 billion overseas
Monday March 9, 2015 3:57AM
Chinese touristsMore than 100 million Chinese took foreign trips in 2014 and their overseas consumption surpassed 1 trillion yuan ($159.62 billion), said Gao Hucheng, Minister of Commerce, at a press conference....

UK government sells £500m of Lloyds Banking Group shares
Monday March 9, 2015 5:30AM
Lloyds Banking GroupThe Chancellor has announced that the UK government has sold another £500m of Lloyds Banking Group shares, taking the total amount of money raised through the trading plan launched in December 2014 to over £1bn....

Alcoa to acquire RTI International Metals for $1.5 billion
Monday March 9, 2015 8:10AM
RTI International MetalsAlcoa has signed a definitive agreement to acquire RTI International Metals, a supplier of titanium and specialty metal products and services for the commercial aerospace, defense, energy and medical device markets. ...

Sasol earnings increased by 54%, 1,500 jobs cut
Monday March 9, 2015 10:37AM
SasolSasol earnings attributable to shareholders for the six months ended December 31, 2014 increased by 54% to R19,5 billion from R12,7 billion in the prior period....

Simon Property Group willing to buy Macerich in $22.4 billion transaction
Monday March 9, 2015 3:55PM
Simon Property GroupSimon Property Group has sent a letter to The Macerich Company confirming its prior discussions regarding Simon's proposal to acquire all of the outstanding stock of Macerich for $91 per share in cash and Simon shares....

Sky-mobi total revenue increased 77.7%
Tuesday March 10, 2015 4:37AM
Sky-mobiSky-mobi Limited announced its unaudited financial results for the fourth quarter ended December 31, 2014. Total Q4 revenue was RMB204.7 million ($33 million), compared to RMB211.1 million in the third quarter 2014....

Concordia Healthcare to buy Covis for $1.2 billion in cash
Tuesday March 10, 2015 6:07AM
Concordia HealthcareConcordia Healthcare has entered into a definitive asset purchase agreement to acquire substantially all of the commercial assets of privately held Covis Pharma S.Ã .r.l and Covis Injectables, S.Ã .r.l for $1.2 billion in cash....

Medicare got extra $4.1 billion
Tuesday March 10, 2015 7:57AM
Broken hipA law that allows rural hospitals to bill Medicare for rehabilitation services for seniors at higher rates than nursing homes and other facilities has led to billions of dollars in extra government spending, federal investigators say....

LightInTheBox Holding net revenues increased 42.4%
Tuesday March 10, 2015 8:37AM
LightInTheBox HoldingLightInTheBox Holding announced its unaudited financial results for the fourth quarter and full year ended December 31, 2014....

APM Terminals to start work on $1 billion terminal in Costa Rica
Tuesday March 10, 2015 9:37AM
Moin container terminalThe Netherlands-based APM Terminals is set to break ground on the $1bn MoÃin container terminal project in Costa Rica....

Qualcomm approves $15 billion buyback
Tuesday March 10, 2015 10:37AM
QualcommQualcomm announced that its board authorized the company to repurchase up to $15 billion of its common stock....

Barnes & Noble Q3 revenues $1.96 billion, NOOK falls 50.6%
Tuesday March 10, 2015 2:27PM
Barnes & NobleBarnes & Noble reported sales and earnings for its fiscal 2015 third quarter ended January 31, 2015. Consolidated revenues of $1.96 billion declined $35 million as compared to the prior year....

AmRest Holdings to buy Bulgarian and Romanian businesses of Starbucks
Wednesday March 11, 2015 6:37AM
Starbucks in BulgariaAmRest Holdings SE, an international fast-food and casual dining restaurant operator headquartered in Poland, announced that it was acquiring the Bulgarian and Romanian businesses of Starbucks....

Verisk Analytics to buy Wood Mackenzie for $2.8 billion
Wednesday March 11, 2015 8:57AM
VeriskVerisk Analytics, a data analytics and risk assessment firm based in Jersey City, N.J., has signed a definitive agreement to acquire Wood Mackenzie from Hellman & Friedman and other Wood Mackenzie shareholders....

Manitex International profit decreased by 84.22 percent
Wednesday March 11, 2015 12:58PM
Manitex InternationalManitex International reported an 84.22 percent plunge in profit for the quarter ended December 31, 2014. The company has earned $0.47 million, or $0.03 a share in the quarter....

Chevron to sell $15 billion in assets
Wednesday March 11, 2015 1:37PM
ChevronUS oil giant Chevron said it plans $15 billion in asset sales through 2017 as it seeks to maintain a strong dividend for shareholders amid lower oil prices....

Endo offers $175 per for Salix, wants to top $14.5 billion deal
Wednesday March 11, 2015 3:05PM
Endo InternationalEndo International confirmed that it has submitted a proposal to the board of Salix Pharmaceuticals to acquire all of the its outstanding shares of common stock in a negotiated cash and stock transaction....

U.S. wholesale sector had sales of $7.8 trillion
Thursday March 12, 2015 7:57AM
U.S. wholesale sectorThe U.S. Census Bureau released a collection of statistics on the wholesale trade sector of the economy....

New York fines Commerzbank $1.45 billion for transactions with Iran, Sudan, Japan
Thursday March 12, 2015 1:49PM
CommerzbankBenjamin M. Lawsky, New York State's Superintendent of Financial Services, said Commerzbank will pay a $1.45 billion penalty, terminate individual employees who engaged in misconduct, and install an independent monitoring....

Iran's exports to EU increase by 48% in 2014
Friday March 13, 2015 3:29AM
Iran exportsIran's exports to the European Union (EU) member states grew by 48% in 2014 compared to a year earlier, the European Commission's statistical office, Eurostat, reported....

Counterfeiting penalizes European cosmetics industry with €4.7 billion
Friday March 13, 2015 5:27AM
Counterfeit perfumeSales of counterfeit perfume, makeup and personal care items like sunscreen and shampoo throughout the EU mean that legitimate manufacturers, retailers and distributors lose €4.7 billion of revenue each year. That equates to 7.8% of the total sales in the cosmetics and personal care sector throughout the EU-28....

Brother Industries to buy Domino Printing for $1.55 billion
Friday March 13, 2015 7:29AM
Brother Industriesrother Industries Ltd. will buy British barcode-printer maker Domino Printing Sciences Plc for about 1.03 billion pounds in cash ($1.55 billion) to expand its industrial printing range, the companies said....

General Electric to power 2.5 million homes in Egypt
Saturday March 14, 2015 4:31AM
Egypt electricityGeneral Electric signed major contracts with the government of Egypt to deliver 2.683 gigawatts (GW) of electricity, which is equivalent to the energy needed to power more than 2.5 million homes....


 

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