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Highlights: October 28 - November 2, 2019

Christian Fernsby ▼ | November 4, 2019
The most interesting business stories that marked last business week.
Highlights
Last week in business  
Prologis to acquire Liberty Property Trust for $12.6 billion

Liberty Property TrustPrologis and Liberty Property Trust announced that the two companies have entered into a dfinitive merger agreement by which Prologis will acquire Liberty in an all-stock transaction, valued at approximately $12.6 billion, including the assumption of debt....

Broadcaster CME agrees to be acquired by Czech firm PPF in $2.1 billion deal

Central European Media EnterprisesPPF Group announced that its fully owned subsidiaries have signed an agreement with Central European Media Enterprises Ltd. (CME) to acquire CME....

Virgin Hyperloop to add $4 billion to Saudi Arabia

Virgin Hyperloop OneVirgin Hyperloop One (VHO) announced the results of a strategic study commissioned to build the world's first extended test and certification hyperloop track in the Kingdom of Saudi Arabia....

LVMH confirms interest in acquiring Tiffany, price could be $14 billion

TiffanyLVMH said on Monday it had approached Tiffany about a possible takeover....

Walgreens Boots Alliance fiscal fourth-quarter profit slid 55%

Walgreens Boots AllianceWalgreens' net income slid 55% to $677 million, or 75 cents per share, during its fiscal fourth quarter, down from $1.51 billion, or $1.55 per share a year earlier. Walgreens attributed the drop in profit to expenses associated with its cost-cutting program....

2 billion down: Alphabet Q3 earnings decline

GoogleAlphabet announced a profit for third quarter that fell from last year....

IndiGo signs for 300 Airbus A320neo aircraft worth more than $30 billion

Airbus A320neoIndia's IndiGo has placed a firm order for 300 A320neo Family aircraft. This marks one of Airbus' largest aircraft orders ever with a single airline operator....

Credit Suisse Q3 profit more than doubled

Credit SuisseCredit Suisse Group said that third quarter net profit more than doubled, beating expectations, with performance strong in most divisions....

Samsung Q3 profit down 53%

Samsung ElectronicsSamsung Electronics reported a profit for the third-quarter that dropped about 52.9 percent from last year, reflecting continued weakness in the memory chip market....

Lloyds Banking Q3 pre-tax profit falls hard

LloydsLloyds Banking Group reported a 97 percent plunge in pre-tax profit for the third quarter from last year....

Amgen to acquire 20.5% stake in BeiGene for approximately $2.7 billion

AmgenAmgen announced that it has entered into a strategic collaboration with BeiGene that will significantly accelerate Amgen's plans to expand its oncology presence in China, the world's second-largest pharmaceutical market....

Google wants more personal data, buys Fitbit for $2.1 billion

GoogleGoogle's parent company Alphabet said it will acquire health tracking company Fitbit for $2.1 billion in cash....

BioMar highest-ranked feed supplier in first ever Seafood Stewardship

BioMarBioMar Group was founded on the concept of developing sustainable aquaculture feed for the industry and decades later it remains a core pillar of the company....

Alibaba Group Q2 revenue up 40%

Alibaba GroupAlibaba Group Holding Limited (BABA) said it has delivered revenue growth of 40 percent and adjusted EBITDA rise of 39 percent year-over-year for the quarter ended September 30, 2019....


 

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