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Highlights: September 14, 2020 - September 19, 2020

Christian Fernsby ▼ | September 21, 2020
Stories that marked last week.
Nvidia seals $40bln deal with SoftBank to buy Arm Holdings

NvidiaNvidia and Japan's SoftBank Group (SBG) have made a $40 billion deal under which the former is set to purchase UK software design company Arm Holdings....

Gilead Sciences to acquire Immunomedics for approximately $21 billion

Gilead SciencesGilead Sciences, Inc. and Immunomedics announced that the companies have entered into a definitive agreement pursuant to which Gilead will acquire Immunomedics for $88.00 per share in cash. ...

Neste plans to restructure its refinery operations in Finland, to cut up to 470 jobs

Neste NaantaliIn order to ensure the competitiveness of the Oil Products business, Neste is planning to restructure its refinery operations in Porvoo and Naantali, Finland....

Amazon hiring 100,000 new employees in U.S., Canada

AmazonAmazon is hiring 100,000 full and part-time employees across the U.S. and Canada, offering starting wages of at least $15 an hour....

Verizon to acquire Tracfone for $6.9 billion

TracfoneVerizon has entered into an agreement with America Movil to acquire Tracfone....

Illinois announces $16.6 million investment to help connect residents with 1,300 positions

IllinoisThrough two new grants received from the U.S. Department of Labor, the State of Illinois will distribute funding to place, train and hire nearly 1,300 residents for an array of jobs....

Domino's Pizza to create 5,000 new jobs

Domino's PizzaDomino's Pizza Group said on Tuesday it was creating 5,000 new jobs in the UK, including chefs and delivery drivers....

FedEx Q1 profit $1.25 billion

FedExFedEx reported first quarter profit of $1.25 billion compared with last year's profit of $745 million....

Adobe Q3 bottom line $955 million

AdobeAdobe reported earnings for its third quarter that rose from last year....

Cracker Barrel Old Country Store Q4 sales decreased 39.2%

Cracker Barrel Old Country StoreCracker Barrel Old Country Store reported its financial results for the fourth quarter of fiscal 2020 ended July 31, 2020....

Snowflake skyrockets to largest software IPO, valuation $70 billion

SnowflakeShares of Snowflake more than doubled on their first day of trading in the biggest software IPO ever....

Ireland exports to China up 35 pct in July

Ireland streetIreland exported over 1 billion euros (about 1.18 billion U.S. dollars) of goods to China in July, up 35 percent when compared with the same month last year, according to the latest figures released by the country's Central Statistics Office (CSO)....

New Zealand enters first recession in decades

New Zealand streetFollowing strict coronavirus restrictions, New Zealand entered a recession as the country's economy shrank 12.2% in the June quarter, a record drop since 1987....

Bombardier to sell rail business to Alstom in $8.4 billion deal

Bombardier railBombardier announced that it has signed a definitive Sale and Purchase Agreement (SPA), with Alstom SA and the Caisse de depot et placement du Quebec for the sale of its Transportation business to Alstom....

Metlife to acquire Versant Health in $1.675 billion deal

MetlifeMetLife announced it has entered into a definitive agreement to acquire Versant Health from an investor group led by Centerbridge Partners and including FFL Partners for approximately $1.675 billion in an all cash transaction....

Ericsson acquires Cradlepoint for $1.1 billion

EricssonEricsson has agreed to acquire Cradlepoint, a Wireless Edge WAN 4G and 5G Enterprise solutions company....

Finland's exports to China soared 69 percent

Finland streetFinland's exports to China soared 69 percent Statistics Finland said in a press release on Friday....

Philippines: Sumitomo Wiring System to create 10,000 jobs

Sumitomo Wiring SystemA new Japanese factory in northwestern Philippines will create at least 10,000 jobs in the area, the country's trade secretary said on Friday....


 

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