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Highlights: May 25 - May 29, 2015

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Staff writer |
Highlights of the week

The summary of the last week's key headlines and the most interesting stories.

Google Chromebook sales to rise globally by 27% in 2015
Monday May 25, 2015 6:45AM
Google ChromebookGoogle Chromebook sales are growing by 27% year-over-year and are expected to touch 7.3 million this year, according to Gartner....

Affimed Q1 revenue jumped from €0.7 to €2.5 million
Monday May 25, 2015 7:40AM
AffimedAffimed N.V., a clinical-stage biopharmaceutical company , reported financial results for the quarter ended March 31, 2015. Cash and cash equivalents totaled €37 million on March 31, 2015 compared to €39.7 million on December 31, 2014....

China invites private investors to 1,043 projects worth $318 billion
Monday May 25, 2015 12:18PM
China projectsChina's state planning agency released a list of more than 1,000 proposed projects totalling 1.97 trillion yuan ($317.75 billion) that it is inviting private investors to help fund, build and operate....

Charter nears $55 billion deal for Time Warner Cable
Monday May 25, 2015 3:16PM
Time Warner CableTime Warner Cable is nearing an agreement to be acquired by Charter Communications for about $55 billion, combining the second and third largest U.S. cable operators....

Citycon to buy Sektor Gruppen for $1.7 billion
Tuesday May 26, 2015 4:10AM
CityconFinnish commercial property owner Citycon will buy Norwegian shopping centre owner Sektor Gruppen for about 1.5 billion euros ($1.7 billion) to boost growth in the Nordics....

Malaysia Airlines will terminate its entire workforce of 20,000
Tuesday May 26, 2015 5:58AM
Malaysia AirlinesChristoph Mueller, CEO of Malaysian Airline System Berhad (MAS) and CEO-designate of the new airline, Malaysia Airlines Berhad (MAB), assures customers that MAS operations continue as normal with the appointment of the Administrator....

Charter agrees to buy Time Warner Cable for $55 billion
Tuesday May 26, 2015 6:51AM
Charter CommunicationsCharter Communications confirmed it would purchase Time Warner Cable for $55 billion in a deal that would merge the second and third biggest U.S. cable companies....

Ryanair profits soar 66% to €867 million
Tuesday May 26, 2015 7:34AM
RyanairRyanair's annual profit jumped by 66% to €867 million, in line with analysts' expectations. Pretax profit increased 66% to €982 million....

Liberty Interactive to invest $2.4 billion in Liberty Broadband
Tuesday May 26, 2015 9:57AM
Liberty InteractiveLiberty Interactive has entered into an agreement with Liberty Broadband to invest $2.4 billion in Liberty Broadband in connection with the the proposed merger of Charter Communications and Time Warner Cable....

Tata Motors Q4 profit down 56%
Tuesday May 26, 2015 2:06PM
Tata MotorsTata Motors reported consolidated revenues (net of excise) of Rs.67,576 crores for the quarter ended March 31, 2015, a growth of 3.5% over Rs.65,317 crores for the corresponding quarter last year....

Tuniu Q1 net revenues increased by 115.9%
Wednesday May 27, 2015 2:31AM
Tuniu CorporationTuniu Corporation announced its unaudited financial results for the first quarter ended March 31, 2015. Net revenues were RMB1,248.2 million ($201.4 million), a year-over-year increase of 115.9% from the corresponding period in 2014....

Egypt's cotton exports increase by 94 percent
Wednesday May 27, 2015 4:10AM
Egyptian cottonTotal Egyptian cotton exports rose by 94.3 percent year on year, in the period from December 2014 to February 2015, the national statistics agency reported....

Sky Solar Q1 net revenue increased by 64.5%
Wednesday May 27, 2015 5:58AM
Sky Solar HoldingsSky Solar Holdings announced its financial results for the first quarter of 2015. Net revenue was $10.3 million, up 64.5% from $6.2 million in the same period in 2014....

Hormel Foods to acquire Applegate for $775 million
Wednesday May 27, 2015 10:00AM
Hormel FoodsHormel Foods has entered into a definitive agreement to acquire Applegate Farms, owner of the Applegate brand....

Crescent Point Energy to buy Legacy Oil + Gas for $1.53 billion
Thursday May 28, 2015 4:45AM
Crescent Point EnergyCrescent Point Energy has entered into an arrangement agreement to acquire all of the issued and outstanding shares of Legacy Oil + Gas....

Avago Tech to buy Broadcom for $37 billion
Thursday May 28, 2015 12:45PM
Broadcom CorporationAvago Tech entered into a definitive agreement to acquire Broadcom Corporation in a cash and stock transaction that values the combined company at $77 billion in enterprise value....

Russia, Venezuela agree on $14 billion oil and gas deal
Thursday May 28, 2015 3:46PM
Russia VenezuelaPresident of Venezuela Nicolas Maduro says his country has reached an agreement with Russia, which will see investment of $14 billion in the oil and gas sector over the next few years....

500 workers to return to build Camaro, $175m invested
Thursday May 28, 2015 4:15PM
Chevrolet CamaroA $175 million investment for new tooling and equipment for the sixth-generation Chevrolet Camaro, and the return of hundreds of workers to build America’s best-selling performance car for the last five years, was announced....

U.S. green energy use highest since 1930s
Thursday May 28, 2015 4:35PM
US green energyThe United States used green energy to meet 9.8% of its total energy needs, the Energy Information Administration reported....

Etihad Airways net profit up 52.1 percent
Friday May 29, 2015 4:58AM
Etihad AirwaysEtihad Airways achieved its strongest financial results to date in 2014, posting a net profit of $73 million on total revenues of $7.6 billion, up 52.1 percent and 26.7 percent respectively over the previous year....

Brazilian machinery exports down 23%
Friday May 29, 2015 6:40AM
Brazilian machineryCapital goods exports from Brazil were down 23% year-on-year in April, the Brazilian Machinery and Equipment Industry Association (Abimaq) reported....

Pending home sales climb in April to highest level since May 2006
Friday May 29, 2015 8:45AM
Home salesPending home sales rose in April for the fourth straight month and reached their highest level in nine years, according to the National Association of Realtors....

CA Technologies to acquire Rally Software for $480 million
Friday May 29, 2015 9:52AM
CA TechnologiesCA Technologies has signed a definitive agreement to acquire Rally Software Development for $19.50 per share....

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