POST Online Media Lite Edition



 

Highlights: August 1, 2022 - August 6, 2022

Christian Fernsby |
Events of the last week.

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INEOS and SINOPEC sign three deals worth $7bn

SINOPECUK-based chemical and energy group INEOS has signed a series of agreements with Chinese oil and gas company SINOPEC to establish a large footprint in China...

BP to invest up to 50 million pounds in new electric vehicle battery testing centre in UK

Louise KinghamBP has unveiled plans to invest up to 50 million pounds in a new electric vehicle (EV) battery testing centre and analytical laboratory in the UK...

Valvoline to sell global products business to Aramco for $2.65 billion

ValvolineValvoline said it has reached an agreement with Aramco to sell its global products business for $2.65 billion in cash...

Nearly half of U.S. companies plan to add staff in H1

WorkersThe job market will remain strong for the latter part of 2022, research from Robert Half shows...

John Deere to move some production from Iowa to Mexico

John DeereJohn Deere has announced it will be moving mower conditioner production from the John Deere Ottumwa Works in Iowa to its hay and forage mower factory in Monterrey, Mexico...

Air Canada Q2 operating revenues increased almost five times

Air CanadaAir Canada reported its second quarter 2022 financial results...

TD to buy Cowen for $1.3 billion

Toronto-Dominion BankToronto-Dominion Bank agreed to buy US brokerage Cowen for $1.3 billion in cash, $39 a share...

Ferrari Q2 net revenues up 24.9%

FerrariFerrari announced its consolidated preliminary results for the second quarter and six months ended June 30, 2022...

Hugo Boss Q2 sales increased 34%

Hugo BossHugo Boss Q2 currency-adjusted Group sales increased 34% compared to the prior-year period...

Ping Identity to be acquired by Thoma Bravo for $2.8 Billion

Thoma BravoPing Identity announced that it has entered into a definitive agreement to be acquired by Thoma Bravo for $28.50 per share in an all-cash transaction valued at an Enterprise Value of approximately $2.8 billion...

Semtech to buy Sierra Wireless in $1.2 billion deal

Sierra WirelessSemtech is acquiring Sierra Wireless in all-cash transaction valuing the Canadian company at $1.2 billion including debt...

Illinois: Tyson Foods breaks ground on Caseyville expansion, will create 250 new jobs

Tyson FoodsTyson's Caseyville facility will expand the production of Hillshire Farm and Jimmy Dean products...

Novo Nordisk's sales increased by 25%

Novo NordiskNovo Nordisk's sales increased by 25% in Danish kroner and by 16% at constant exchange rates to DKK 83.3 billion in the first six months of 2022...

National Bank of Bahrain reports 29% increase in net profit

National Bank of BahrainNational Bank of Bahrain B.S.C. (NBB) has reported a 34% increase in its net profit attributable to equity shareholders to BHD 20.0 million (USD 53.1 million) for the second quarter ended 30 June 2022, compared to BHD 14.9 million (USD 39.5 million) in the same period of 2021...

Regeneron Q2 revenues decreased by 44%

RegeneronRegeneron Pharmaceuticals announced financial results for the second quarter of 2022...

Bank Rakyat Indonesia net profit almost doubles

SunarsoBank Rakyat Indonesia announced a net profit of USD 1.66 billion or grew almost double 98.38% year-on-year (YoY) with total assets also increased 6.37% to USD 110.19 billion in the first half of 2022, at the Press Conference on Financial Performance for Q2 2022 on July 27, 2022...

Amgen to buy ChemoCentryx for $3.7b in cash

AmgenAmgen and ChemoCentryx announced that the companies have entered into a definitive agreement under which Amgen will acquire ChemoCentryx for $52 per share in cash, representing an enterprise value of approximately $3.7 billion...

Ontex to sell its Mexican business to Softys

OntexOntex Group, a supplier of personal care products, has entered into a binding agreement to sell its Mexican business activities for approximately €285 million to Softys, a personal hygiene company with operations across Latin America...

Digimarc Q2 revenue increased 23%

DigimarcDigimarc reported financial results for the second quarter ended June 30, 2022...

Hilton to upgrade headquarters, create 350 new jobs over next five years in Virginia

Hilton hotelHilton will retain its headquarters in Fairfax County, Virginia, including significant upgrades to its facility at 7930 Jones Branch Drive in McLean...

APA acquires oil producing assets in West Texas for $505m

Texas Delaware basinAPA has acquired Texas Delaware basin properties from an undisclosed firm in a deal worth $505m...

Ritchie Bros. Q2 revenue increased 22%

Ritchie BrosRitchie Bros. reported results for the second quarter ended June 30, 2022...

Goodyear Q2 net income more than doubles

GoodyearThe Goodyear Tire & Rubber Company reported results for the second quarter of 2022... â– 


What to read next

Highlights: January 2 - January 5, 2019
Highlights: January 7 - January 12, 2019
Highlights: January 14 - January 19, 2019

Fiona batters Atlantic Canada with destructive winds, sets records

 
Post-tropical cyclone Fiona made landfall in eastern Nova Scotia Saturday morning.
 
 

Latest

Noritake tableware, to pass down to the new generation as an heirloom
Toyota closes its production facility in Russia
South Korea lifts mask wearing restrictions from Monday
SEC charges Compass Minerals for misleading investors about its operations at world’s largest underground salt mine

NEWS

Typhoon lashes central Japan killing two

Children in Sudan in middle of perfect storm of crises
Poland: Four persons offering GetBack bonds detained by CBA
Ecuadorian police seize 3.5 tons of cocaine
6.4 magnitude quake jolts western Indonesia
U.S.: Fiona producing life-threatening surf and rip currents to east coast
 

BUSINESS

Work to begin on Swiss backup power plant

Number of active U.S. drilling rigs up this week
ScotRail workers to strike over pay
South Korea attracts $1.15 bn investment from U.S.
UK's Trades Union Congress: Tax cuts helps corporations and wealthy
Six ships left Ukrainian ports carrying grain, other food products
 

Trending Now

Philippines in talks to buy Russian fuel

ScotRail workers to strike over pay

Fiona batters Atlantic Canada with destructive winds, sets records

Noritake tableware, to pass down to the new generation as an heirloom


POLITICS

Families in British Columbia will save big as child care fees cut as much as $550 more per month

North Dakota Governor announces apprenticeship program at tribal colleges in partnership with energy companies
Scotland: UK Chancellor’s measures fail to target support
Philippines in talks to buy Russian fuel
Ireland launches solar panel grant scheme for businesses
New Jersey Governor increasing offshore wind goal to 11,000 MW by 2040
 

Today We Recommend

Children in Sudan in middle of perfect storm of crises


Highlights 

Enabled Intelligence to create 117 new jobs in Fairfax County, Virginia

Pangiam will create 201 new jobs in Fairfax County, Virginia

Target to hire 100,000 holiday workers


COMPANIES

Hopium chooses Normandy for its first industrial site

Vianode invests $188 million in battery materials plant in Norway
Adnoc and Taqa close $3.8 billion contract for Lightning project
Snow Lake Lithium and LG Energy Solution to establish lithium supply chain in North America
Ford breaks ground on $5.6 billion complex for EVs, batteries
Barrows Hotel Enterprises closes 110-million-dollar Hotel Advisory Deal for Zambia
 

CAREERS

Paul Boudre appointed chairman of UnitySC

Serge Lupas appointed as CEO of Cyclomedia
Tidewater Renewables appoints Ray Kwan as CFO
JBS USA names Jason Weller chief sustainability officer
Orange County Bancorp appoints Marianna R. Kennedy to board
Ecobat appoints new chief financial officer
 

ECONOMY

Germany's manufacturing activity at 27-month low

UK private sector falls at fastest pace since January 2021
Unemployment rates drop in every county across Tennessee
U.S. Leading Economic Index fell in August
Egypt keeps interest rates unchanged
U.S. mortgage rates highest since 2008
 

EARNINGS

Costco Q4 net sales increased 15.2 percent

FedEx Q1 profit down
Accenture Q4 revenues increased 15%
Darden Restaurants Q1 income drops
KB Home Q3 profit rises
H.B. Fuller Q3 profit rises
 

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

Province supporting made-in-Ontario fertilizer solutions for farmers

Taiwan customs seize Chilean apples due to pesticide levels
Denmark to allow mink breeding again from 2023
New Zealand to take extra measures to target pocket of M. bovis infection
Vietnamese giants invest tens of millions in pig market valued at $15 billion
UWRF and DATCP partner to support Wisconsin meat industry with high school curriculum
 

LEADERSHIP

Cybervetting can have pronounced impact on workforce by broadening discrimination

Female managers pay fairer
Pitch quality of CEO voices rests entirely on gender
Employee turnover costs more than you think
51% of supply chain leaders increased number of network locations
If company overcomes post-IPO innovation slump, it will survive longer
 

CRIME

SEC charges Cheetah Mobile’s CEO and its former president with insider trading

Stockholm bourse fines SAS $175,000 over pilot strike information
Boeing to pay $200 million to settle SEC charges that it misled investors about 737 MAX
Germany: EIB supports vehicle development and international expansion of EVUM Motors
Gol to pay $70 million to settle SEC charges
Akorn to pay $7.9 million for allegedly causing medicare to pay for invalid prescription drugs
 

Magazine

TRAVEL

Anantara Grand Hotel Krasnapolsky Amsterdam opens

Grand festive season in India starts with Navratri
300 artists from 65 nations will participate in Qatar International Art Festival
Hilton Hiroshima hotel opens in Japan
175 room Thompson Madrid hotel opens
Colorfest Balloon Rally in Pagosa Springs, Co., brings a lot of joy
 

SEA, LAND, AIR

Caterham Super Sevens, true joy of ride

New Ford Mustang brings digital cockpit, new engines and style
Ram 1500 Limited Elite Edition joins lineup for 2023
2023 GMC Canyon AT4X, new midsize truck
Shelby Code Red, $210,000+ to upgrade your Ford Mustang
Zero Motorcycles SR/S electric bike, effortless power, effortless control
 

DESIGN

Tecnografica wallcoverings from the land of ceramic

Poliform, kitchens for extraordinary homes
Luxury vinyl tiles, ideal combination of everything
LED lamps, long-lasting light for every space in your home
Clean and luxurious men's watches
Nobody's Child, everybody's favorite
 

GADGETS

Leica S3, made in Germany for great pictures

Sennheiser HD 300 PROtect, pro headphones that protect your ears
HP Dragonfly Folio G3, very very good laptop for business users
Nokia PureBook Fold and PureBook Lite, flexibility and stylish design
Tascam 202MKVII, professional dual cassette deck
Bose Frames Tenor, glasses for music and calls
 

HEALTH

UK: Second vaccine doses to be offered to those at highest risk from monkeypox

White House announces $1.5 billion to prevent opioid overdose deaths
Pfizer applies to Swissmedic for authorisation of second bivalent COVID-19 vaccine
Pfizer, Sangamo Therapeutics in Phase 3 trial of investigational gene therapy for Hemophilia A, reopened recruitment
Merck to initiate new Phase 3 clinical program with lower dose of Islatravir with Doravirine for HIV-1
Brazil invests around $583,000 in research on monkeypox virus
 

MEANTIME

Search for clues may explain collapse of ancient city in Mexico

Astronomers unveil new and puzzling features of mysterious fast radio bursts
Earth-like exoplanets unlikely to be another 'pale blue dot'
New evidence for habitability in ocean of Saturn's moon Enceladus
NASA's Perseverance rover finds strong signal of organic matter on Mars
Sea level rise increasing at faster rate around Aotearoa New Zealand