#stayhome Maintain the distance, wash your hands, and follow instructions from the health authorities.
RSS   Newsletter   Contact   Advertise with us

Highlights: September 28 - October 3, 2015

Share on Twitter Share on LinkedIn
Staff writer ▼ | October 5, 2015
The summary of the last week's key headlines and the most interesting stories.
Highlights of the week
Switzerland fist country to ban sale of new diesel Volkswagens

VolkswagenOn Friday evening, Switzerland became the first country to prohibit the sale of new vehicles from the Volkswagen Group, following the revelation that "defeat" devices have been masking true emissions levels....

Coal producer Longmay to cut 100,000 coal jobs

LongmayThe largest coal mining group in Northeast China is cutting 100,000 jobs within the next three months to reduce its losses....

Alcoa to split into two companies in 2016

AlcoaAlcoa said its board unanimously approved a plan to separate into two independent, publicly-traded companies....

Whole Foods Market will cut 1,500 jobs

Whole Foods MarketAs part of its ongoing commitment to lower prices for its customers and invest in technology upgrades while improving its cost structure, Whole Foods Market will reduce a number of positions over the next eight weeks....

New record: Apple sells 13 million new iPhones in 3 days

iPhone 6sApple announced it has sold more than 13 million new iPhone 6s and iPhone 6s Plus models, a new record, just three days after launch....

Kraton Performance Polymers to buy Arizona Chemical for $1.37 billion

Kraton Performance PolymersKraton Performance Polymers, entered into a definitive agreement to acquire all of the capital stock of privately held Arizona Chemical Holdings Corporation for a cash purchase price of $1.37 billion....

Energy Transfer Equity to combine with Williams in $37.7 billion deal

Energy Transfer EquityEnergy Transfer Equity and The Williams Companies announced a business combination transaction valued at approximately $37.7 billion, including the assumption of debt and other liabilities....

Comcast NBCUniversal majority owner of Universal Studios Japan for $1.5bn

Universal Studios JapanComcast NBCUniversal agreed to purchase 51% ownership of Universal Studios Japan in a recapitalization transaction, partnering with the current owners including Goldman Sachs, USJ’s CEO Glenn Gumpel, MBK Partners, and Owl Creek Asset Management....

Raytheon in $1 billion cyber security deal with Homeland Security

RaytheonRaytheon said a new five-year contract it won from the U.S. Department of Homeland Security to help more than 100 civilian agencies manage their computer security could be worth $1 billion....

Sales of Virginia wine reached another record level

Virginia wineSales of Virginia wine continued their pattern of growth during fiscal year 2015 and reached another record level, increasing by almost two percent from fiscal year 2014....

Axel Springer buys Business Insider for $442 million

Axel SpringerAxel Springer SE announced a binding agreement to purchase approximately 88 percent of the shares in New York City-based Business Insider....

700,000 SEAT cars involved in Volkswagen Dieselgate

SEATSEAT in Spain says 700,000 of its cars are among the 11 million vehicles sold with Volkswagen emission manipulation software....

India's spice exports up 30 percent in Q1 to $626.81 million

Indian spicesSpice exports from India grew 30% in value terms to touch Rs. 3,976.65 crore ($626.81 million) during the first quarter of 2015-16 as compared to Rs 3,059.74 crore ($511.22 million) in the corresponding period of 2014-15, an official said....

GameStop to hire 28,000+ seasonal workers for holiday season

GameStopGameStop revealed its plans to hire more than 28,000 seasonal associates nationwide as the company prepares for the upcoming holiday shopping season....

Nassau to acquire Phoenix $217.2 million deal

Phoenix CompaniesNassau Reinsurance Group Holdings will acquire The Phoenix Companies for $37.50 per share in cash, or aggregate equity purchase price of $217.2 million....

Belgium inflation accelerates to 20-month high

BrusselsBelgium's consumer price inflation accelerated in September to the highest level in twenty months, figures from Statistics Belgium showed....

Cantel Medical reports record net income of $13,273,000

Cantel MedicalCantel Medical reported record US GAAP net income of $13,273,000, or $0.32 per diluted share, on a 15% increase in sales to a record $151,255,000 for the fourth quarter ended July 31, 2015....

Injuries cost US $671 billion in 2013

InjuriesThe total cost of injuries and violence in the United States was $671 billion in 2013, according to two Morbidity and Mortality Weekly Reports (MMWR) by the Centers for Disease Control and Prevention (CDC)....

Mellanox Technologies to buy EZchip for $811 million

Mellanox TechnologiesMellanox Technologies will acquire 100 percent of EZchip's outstanding ordinary shares for a cash purchase price of $25.5 per share implying a transaction value of approximately $811 million (approximately $620 million net of cash)....

Mobile ad spending to overtake print in UK for first time

Mobile advertisingFor the first time this year, mobile advertising expenditure in the UK will overtake spend on print advertising, according to the latest forecasts from eMarketer....

ConAgra Foods to cut 30% of workforce

ConAgra FoodsConAgra Foods announced restructuring plans to improve profitability, advance its growth agenda and unlock shareholder value....

Teva Pharma to acquire Rimsa in $2.3 billion deal

TevaTeva Pharma entered into definitive agreements under which the Company will acquire Representaciones e Investigaciones Médicas, S.A. de C.V. (Rimsa), a pharmaceutical manufacturing and distribution company in Mexico....

Tyler Technologies to buy New World Systems in $670 million deal

Tyler TechnologiesTyler Technologies has signed a definitive agreement to acquire privately held New World Systems Corporation for $670 million in cash and stock....

GM plans to invest $5 billion, save $5.5 billion

General MotorsGeneral Motors expects to grow its business over the next five years through key initiatives....

Dunkin' Donuts anxious about minimum wage, will close 100 stores

Dunkin' DonutsDunkin' Brands said that one of its franchisees plans to close 100 Dunkin' Donuts stores this year and next....

Progress Software Q3 revenue increased 29%

Progress SoftwareProgress Software announced results for its fiscal third quarter ended August 31, 2015. Revenue was $94.6 million compared to $79.3 million in the same quarter last year....

AMD to cut 500 jobs, save $58 million

AMDAdvanced Micro Devices (AMD) said it plans to cut 5% of its workforce in a restructuring, which would mean nearly 500 jobs are on the list....

Rajoy inaugurates high-speed Valladolid-Palencia-Leon line

Mariano RajoyThe President of the Spanish government Mariano Rajoy highlighted the importance of high-speed travel because "each new high-speed line represents a new vector for growth and job creation"....

£80 million support package for SSI workers and local economy

SSIThe UK government announced a package worth up to £80 million to support people who have lost their jobs as a result of the mothballing of SSI’s Redcar plant and invest in the future of the Tees Valley economy....

Economic activity in manufacturing expands for 33rd month

US manufacturingEconomic activity in the manufacturing sector expanded in September for the 33rd consecutive month, and the overall economy grew for the 76th consecutive month....

Royal Mail to recruit more than 19,000 temporary workers for Christmas

Royal MailRoyal Mail has launched a drive to recruit around 19,000 temporary workers to help sort the Christmas post....

Fake cheese floods Russian stores: 80 percent is fake

Fake cheeseRussia banned imports of high-quality European dairy products, Russian agricultural watchdog has said that almost 80 percent of the cheese in Russia's shops is fake....


 

MORE INSIDE POST