POST Online Media Lite Edition



 

Highlights: April 12, 2021 - April 16, 2021

Christian Fernsby |
Events of the last week.

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DiaSorin to buy COVID-19 test-maker Luminex for $1.8 billion

DiaSorinaDiaSorin S.p.A. announced that it has unanimously approved and signed a definitive merger agreement for DiaSorin to acquire Luminex Corporation for a price of USD 37.00 per share in an all-cash transaction....

KBR gets five year $470m contract in UK naval defense sector

KBRaKBR is expanding its presence in the UK naval defense sector with a new five year $470m contract to bring transformational change to the delivery of infrastructure services at HM Naval Base Portsmouth....

BancorpSouth Bank and Cadence Bancorporation to combine

BancorpSouth Bank and Cadence BancorporationaBancorpSouth Bank and Cadence Bancorporation, the parent company of Cadence Bank, jointly announced that they have entered into a merger agreement under which the companies will combine in an all-stock merger with a total market value of more than $6 billion to create a leading Texas and Southeastern regional bank....

White house releases state-by-state fact sheets about American jobs plan

Joe BidenaThe White House released state-by-state fact sheets that highlight the urgent need in every state across the country for the investments proposed by President Biden in the American Jobs Plan....

LG Energy Solution and SK Innovation end $1.8 billion dispute, Biden happy

SK InnovationLG Energy Solution and SK Innovation announced that they have agreed to settle all legal disputes relating to EV batteries in the United States and Korea....

Microsoft to buy Nuance Communications in $19.7 billion deal

MicrosoftMicrosoft will acquire Nuance Communications for $56.00 per share, implying a 23% premium to the closing price of Nuance on Friday, April 9, in an all-cash transaction valued at $19.7 billion, inclusive of Nuance's net debt....

Babcock to cut 1,000 jobs, impairments and charges 1.7 billion pounds

Babcock InternationalaBabcock International has said it expects to cut 1,000 jobs....

Turkey-Qatar trade volume exceeds $5bn target

Turkey QataraTrade volumes between Turkey and Qatar in the next period will exceed the $5 billion target set out, the head of the Independent Industrialists and Businessmen's Association (MUSIAD) Abdurrahman Kaan said....

Tesco profit after tax soared to 6.14 billion pounds

TescoaTesco on Wednesday announced a six-fold surge in annual net profits....

Wells Fargo Q1 profit soars seven-fold

Wells FargoaWells Fargo reported net income applicable to common stock of $4.74 billion or $1.05 per share for the first quarter, sharply higher than $653 million or $0.01 per share in the year-ago quarter....

Goldman Sachs Q1 earnings $6.71 billion

Goldman SachsaGoldman Sachs reported earnings for its first quarter that rose from last year....

JPMorgan Q1 profit up five-fold

JPMorganaJPMorgan Chase reported Wednesday a profit for the first quarter that soared five-fold from last year, driven by primarily by credit reserve releases compared to last year's credit reserve builds....

New Residential Investment to acquire Caliber Home Loans for $1.675 billion

Caliber Home LoansaNew Residential Investment said Wednesday it has entered an agreement with units of Lone Star Funds to acquire Caliber Home Loans for $1.675 billion in cash....

Gusmer Enterprises to create more than 70 new jobs in Catawba County, North Carolina

Gusmer EnterprisesaGusmer Enterprises, Inc., a manufacturer of filtration and fermentation products, will create 73 new jobs in Catawba County as well as invest $26.5 million to build a production facility in Hickory, North Carolina....

UnitedHealth Q1 earnings from operations up 34.9%

UnitedHealthaUnitedHealth first quarter earnings from operations grew 34.9% year-over-year to $6.7 billion....

Rite Aid Q4 adjusted EBITDA down significantly

Rite AidaRite Aid reported a fourth quarter adjusted net loss per share from continuing operations was $0.78 compared to a loss of $0.37, prior year....

Dollar General plans to hire up to 20,000 new employees

Dollar GeneralaDollar General is planning to hire up to 20,000 new employees this spring and will host in-person and virtual hiring events from April 19 through April 23 to support ongoing efforts across store, distribution, transportation and corporate operations....

Orsted to acquire Brookfield Renewable Ireland for 571m euros

Brookfield Renewable IrelandaOrsted has entered into an agreement with Brookfield Renewable to acquire a 100 per cent equity interest in its existing Ireland and UK onshore wind business for €571 million....

Sweden to spend $104 billion on roads

Infrastructure Minister Tomas EnerothaSweden's government wants to spend 876 billion kronor ($104 billion) on building and maintaining highways and railroads over the coming 12 years....


What to read next

Highlights: September 17 - September 23, 2018
Highlights: April 29 - May 5, 2019
Highlights: June 8 - June 13, 2015

U.S.: Areas of severe thunderstorms and heavy rain through the weekend

 
Upper-level ridging weakens from the Ohio Valley to the Southeast on Friday, resulting in a reduced area of Heat Advisories over the east.
 
 

Latest

Baker Hughes: U.S. oil rig count down by 6 to 432
Malaysia introduces new rules prohibiting all plastic waste imports from U.S.
Kazakh-German JV Skyhansa to build $500 mln airport near Chinese border
Ukrainian poultry products gained access to Oman market

NEWS

EPPO targets criminal organisation suspected of VAT fraud involving sales of diesel

U.S.: Severe thunderstorms in the Northern Plains and Upper Midwest
Former U.S. senator Bob Menendez begins serving 11-year bribery sentence
Russian-linked tanker crew accused in Finland-Estonia undersea cable sabotage probe
Croatia: Former minister sentenced to two years of imprisonment for abuse of office and authority
U.S.: Widespread showers across the eastern half, severe thunderstorms in Montana into the Plains
 

BUSINESS

Peru's mining exports jump 23 pct

Vietnam encourages private businesses to invest in railway sector
Baker Hughes: U.S. oil rig count down by 1 to 438
AfDB to provide $184.1 million for Africa’s largest solar energy and battery storage project
EIB supports Bay of Biscay electricity interconnection between Spain and France
U.S., UK, and Congolese officials inaugurate Kiswishi City Special Economic Zone
 

Trending Now

Peru's mining exports jump 23 pct

Fire in Egyptian hospital kills at least seven coronavirus patients

Egyptians start paying taxes on imported mobiles

Micron plans to invest $200 billion in semiconductor manufacturing and R&D


POLITICS

New York Power Authority directed to develop nuclear power plant

Cuban President begins official visit to Belarus
EU adopts new tariffs on Russian and Belarusian agricultural goods and fertilisers
EU proposes banning LNG gas imports from Russia by end of 2027
New York Governor announces Sullivan County broadband project
Zimbabwe to ban lithium concentrate exports
 

Today We Recommend

New York Power Authority directed to develop nuclear power plant


Highlights 

Micron plans to invest $200 billion in semiconductor manufacturing and R&D

750 new jobs coming to Michigan

WFS to open new multi-purpose terminal at Lyon Airport


COMPANIES

Micron plans to invest $200 billion in semiconductor manufacturing and R&D

750 new jobs coming to Michigan
LS Cable and unit join Korea-Japan submarine cable project
WFS to open new multi-purpose terminal at Lyon Airport
CEVA Logistics renews contract to transport aeronautics parts between France, Morocco, Tunisia
Malian government takes over Canadian-owned Barrick Gold mine
 

CAREERS

Bluecrux appoints four new partners

Isomorphic Labs appoints Ben Wolf as chief medical officer
Vodacom names new international markets CEO
David Andreadakis joins Loyalty Juggernaut as chief commercial officer
Tom Montali joins CSL as business development director
Concirrus appoints Steve O'Reilly as product manager
 

ECONOMY

EU-Mercosur trade up substantially in last decade

Russia's trade surplus falls 18.3% to $42.4 bln in January-April
U.S. economy in Q1 revised up to 0.2-pct contraction
Japan loses top creditor position for first time in 34 years
NZ exports to EU jump 28% in first year of trade deal
EU generated €39.2 billion surplus in trade in agricultural products
 

EARNINGS

Ericsson Q2 sales down but North America up

Lockton revenue $3.55 billion
Motorcar Parts of America Q4 sales $189.5 million
Limoneira Q2 revenue $44.6 million
Lululemon athletica Q1 revenue increased 10% to $2.2 billion
PVH Q1 GAAP EBIT $205 million
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

Ireland: Minister Donohoe removes broiler poultry farmers from VAT Flat Rate Addition scheme

FLI tests mobile One Health laboratory for diagnosing highly pathogenic pathogens
First vaccine against swine dysentery disease recommended for approval
USDA expands fruit pest quarantines in New York and California
Peru records 23.6% growth in agricultural export sales compared to 2024
China allows imports of rapeseed meal, soybean meal from Uruguay
 

LEADERSHIP

Study: Missing a deadline has a bigger impact than you might think

Employers prefer younger job candidates for AI roles although experienced workers perform same or better
Study finds workers misjudge wage markets
Some organizations may need to expand their hierarchical structures earlier than others
Study finds there's right way and wrong way to deliver negative feedback in workplace
Allyship is critical and its needs appreciation
 

CRIME

German court convicts four ex-Volkswagen managers of fraud in emissions scandal

EU fines carmakers €458 million for anti-recycling cartel
Commission fines Pierre Cardin and its licensee Ahlers €5.7 million for restricting cross-border sales of clothing
BHP, Vale agree to pay $30B damages for Brazil dam disaster
Commission fines České dráhy and Österreichische Bundesbahnen €48.7 million over collusion to exclude common compe
SEC charges Keurig with making inaccurate statements regarding recyclability of K-Cup beverage pod
 

Magazine

TRAVEL

Radisson Hotel Group debuts in the heart of Tunisia’s capital city, Tunis

Morocco’s first Radisson branded hotel opens in Casablanca
Buna channels, an unreal and beautiful part of Bosnia and Herzegovina
JW Marriott unveils Mindful Haven with opening of JW Marriott Hotel Nairobi
Sotheby's Sports Week returns with fantastic artifacts
Red Roof properties open in Michigan
 

SEA, LAND, AIR

Citroën C3 Aircross, the most affordable compact SUV with 7 seats

2025 Chevrolet Equinox stands apart with fresh looks and capability
Hill Helicopters HX50, luxury in the sky
Opel Movano becomes fully equipped camper van
Porsche Panamera, new hybrid variants
Dodge Charger, 670 horsepower of electric
 

DESIGN

Cold night, hot fire pit, cool entertainment

Embellish your home with PVC panels
You'll have to hurry if you want one of 20 new Louis Vuitton watches
Luxury duvet looks good, fells good and keeps you healthy
Vacheron Constantin, watches for life and more
Schüller kitchens, where functionality marries design
 

GADGETS

MESA/Boogie Celebrates 40-year partnership with John Petrucci

reMarkable 2, monochrome tablet for your thoughts and your eyes
OnePlus Ace 3V, first with Snapdragon 7 Plus Gen 3
ASUS Zenfone 11 Ultra, flagship with a reason
Samsung Galaxy S24 is photography powerhouse
Casette tapes are making a big comeback, and so are portable players
 

HEALTH

Bolivia declares national health emergency due to measles outbreak

Hong Kong researchers develop needle-free flu vaccine with broad protection
World's first vaccines that don't need refrigeration entered trials
First patient enrolled in Phase 1 clinical trial of Akiram’s cancer drug candidate
FDA grants marketing authorization of first home test for chlamydia, gonorrhea and trichomoniasis
Human cases of anthrax reported in western Mongolia
 

MEANTIME

Cost of keeping wind turbines out of sight

Mission to "weigh" all of Earth's forests from space launched
NASA's SPHEREx space telescope begins mapping entire sky
Russian academics, gas industry experts see undersea LNG transportation as feasible
India launches space docking experiment mission
World-first carbon-14 diamond battery made