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Highlights: October 5, 2020 - October 9, 2020

Christian Fernsby ▼ | October 12, 2020
Stories that marked last week.
Business
Hungary doubles healthcare wages

Viktor OrbanThe government has accepted the Hungarian Medical Chamber's (MOK) proposal for an unprecedented wage increase for doctors, Prime Minister Viktor Orban said in a radio interview on Sunday....

Bristol Myers Squibb to acquire MyoKardia for $13.1 billion in cash

Bristol Myers SquibbBristol Myers Squibb and MyoKardia, Inc. announced a definitive merger agreement under which Bristol Myers Squibb will acquire MyoKardia for $13.1 billion, or $225.00 per share in cash. ...

Exxon to cut 1,600 jobs across Europe

ExxonExxonMobil plans to reduce staffing levels across a number of its European affiliates....

Iowa budget closes with full cash reserves, surplus of $305m

Kim ReynoldsGov. Kim Reynolds announced that the State of Iowa will end Fiscal Year 2020 with a balance of $305.5 million in its General Fund....

North Carolina: Nestle Purina PetCare will create 300 jobs in Rockingham County

Rockingham CountyNestle Purina PetCare Company plans to establish significant new manufacturing and distribution operations in Rockingham County that will become operational in 2022 and create up to 300 new jobs....

Northern Star Resources and Saracen Mineral Holdings agree to $11.5 billion merger of equals

Northern Star ResourcesNorthern Star Resources on Tuesday offered to buy smaller peer Saracen Mineral Holdings in an agreed A$5.76 billion ($4.14 billion) deal....

Microsoft announces $1.17 billion investment in Greece

Brad SmithMicrosoft President Brad Smith announced a $1.17 billion investment in Greece on Monday....

Cisco must pay $1.9b in patent trial

CiscoCisco Systems was told to pay $1.9 billion after losing a trial brought by a Virginia company that claimed Cisco copied patented cybersecurity features and shut the smaller company out of government contracts....

Philippine Airlines to cut 2,700 jobs to curtail losses due to pandemic

Philippine AirlinesThe Philippine Airlines (PAL) on Monday announced its plans to cut up to 35 percent, more than 7,000 workers "as part of a larger restructuring and recovery plan" to curtail losses brought about by the coronavirus pandemic....

Telia to sell international carrier business for $1 billion

TeliaTelia has agreed to sell its international carrier business, Telia Carrier, to Polhem Infra for 9.45 billion Swedish crowns ($1.06 billion) on a cash and debt free basis....

Tesco profits surge 28.7%

TescoTesco has seen first half profits rise by more than a quarter as customers bought more food during the pandemic....

Levi Strauss Q3 profit dropped to $27 million

Levi StraussLevi Strauss profit for the third quarter dropped to $27 million from $124 million last year....

French economy rebounded 16% in third quarter

France streetThe French economy rebounded 16% in the third quarter after an unprecedented 13.8% slump in the previous three months, the central bank estimated on Thursday, sticking with a previous forecast....

Morgan Stanley to purchase Eaton Vance for about $7 billion

Morgan StanleyMorgan Stanley agreed to purchase Eaton Vance for about $7 billion....

Helen of Troy Q2 net sales increase 28.2%

Helen of TroyHelen of Troy reported results for the second quarter ended August 31, 2020....


 

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