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Highlights: October 12, 2020 - October 17, 2020

Christian Fernsby ▼ | October 19, 2020
Stories that marked last week.
Business
Saudi Arabia's National Commercial Bank will buy Samba in $15 billion deal

National Commercial BankSaudi Arabia's National Commercial Bank on Sunday said it will purchase rival lender Samba in a deal valued at around $15 billion to create what would be the kingdom's largest bank....

Korea's export posts 28.8 percent fall in 1st 10 days of October

Korea portSouth Korea's export posted a double digit fall in the first 10 days of this month due to less business days, caused by the traditional Chuseok holiday, customs office data showed Monday....

Twilio to buy Segment for $3.2bn

TwilioTwilio has agreed to buy Segment for around $3.2bn in shares....

Aimmune agrees to be acquired by Nestle Health Science for $2.6 billion

Nestle Health ScienceAimmune Therapeutics Inc. has entered into a definitive agreement for edes Produits Nestle, S.A. to acquire Aimmune for $34.50 per share in an all-cash transaction, implying a fully diluted equity value of $2.6 billion....

Johnson and Johnson Q3 net earnings $3.55 billion

Johnson and JohnsonJohnson and Johnson reported that its profit for third quarter that more than doubled from last year....

Americold Realty Trust announces acquisition of Agro Merchants Group for $1.740 billion

Americold Realty TrustAmericold Realty Trust announced that it has entered into a definitive agreement to acquire privately held Agro Merchants Group from an investor group led by funds managed by Oaktree Capital Management for a total of $1.740 billion....

Delta Air Lines adjusted revenue declined 79 percent

Delta Air LinesDelta Air Lines reported financial results for the September quarter 2020....

Ireland unveils 18 billion euros package

Paschal DonohoeThe Irish Government has unveiled an 18 billion euro budget package based on the premise the country's fight against coronavirus will last throughout 2021....

Goldman Sachs Q3 profit $3.48 billion

Goldman SachsGoldman Sachs announced earnings for its third quarter that advanced from the same period last year....

Walgreens Boots Alliance profit $373 million

Walgreens Boots AllianceWalgreens Boots Alliance revealed earnings for fourth quarter that dropped from last year....

Fiat Chrysler to invest up to $1.5 billion in Canada

Unifor FiatUnifor's Master Bargaining Committee has reached a tentative agreement on behalf of 9000 Unifor members, with Fiat Chrysler Automobiles that includes a significant commitment to both maintain and build its manufacturing footprint in Canada....

Coalition of New Jersey CEOs aim to hire or train 70,000 New Jersey residents

Phil MurphyThe New Jersey CEO Council, an informal coalition of CEOs from some of the state's largest companies, pledged to hire or train more than 30,000 residents by 2030 and spend an additional $250 million on procurement with state based, diverse companies by 2025, and is challenging their peers in the business community to produce an additional 40,000 jobs and $250 million in local purchasing....

Indonesia reports trade surplus for 5th straight month

IndonesiaIndonesia recorded a trade surplus for the fifth consecutive month in September as exports jumped 6.97% month on month to $14.01 billion, the Central Bureau of Statistics (BPS) said on Thursday....

U.S. budget deficit hits record high

Maya MacGuineasThe U.S. federal budget deficit soared to a record 3.1 trillion dollars in the fiscal year 2020, as the coronavirus pandemic has prompted massive fiscal stimulus and caused tax revenue to fall, official data showed Friday....


 

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