Highlights: February 1, 2021 - February 6, 2021
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Julius Baer FY20 profit up 52 percent
Julius Baer Group reported Monday that its fiscal 2020 IFRS net profit attributable to shareholders climbed 50.2 percent to 698 million Swiss francs from 465 million francs last year....SK Innovation to build USD 2.3 bln EV battery plant in Hungary
SK Innovation resolved to make new investments in the battery industry, the core of its 'green-centered deep change' policy....SABIC: Saudi petrochemical giant's profits fall 99.2 percent
The net profits of Saudi Arabia's Basic Industries Corporation (SABIC) fell by 99.2 percent last year compared with 2019, the company's data on the local stock exchange website has revealed....Thermo Fisher Scientific Q4 revenue grew 54%
Thermo Fisher Scientific today reported its financial results for the fourth quarter and full year ended December 31, 2020....Horizon Therapeutics to buy Viela Bio for about $3.05 billion
Horizon Therapeutics will acquire all of the issued and outstanding shares of Viela Bio common stock for $53.00 per share in cash, which represents a fully diluted equity value of approximately $3.05 billion, or approximately $2.67 billion net of Viela's cash and cash equivalents....Blackstone to buy Interior Logic for $1.6 billion
Blackstone Group is buying Interior Logic Group for about $1.6 billion including debt, preempting the company's initial public offering....Panasonic 9-month profit down 27%
Panasonic reported that its net profit attribute to stockholders for the nine months ended December 31, 2020 decreased by 27% to 130.1 billion yen from a year ago....Exxon Mobil Q4 lost almost $26 billion
Exxon Mobil reported Tuesday that its fourth-quarter net loss attributable to the company was $20.07 billion or $4.70 per share, compared to net income of $5.69 billion or $1.33 per share in the prior-year quarter....BP to sell Omani gas block to Thailand's company for $2.6bn
BP will sell a stake in an Omani gas block to Thailand's national energy firm for $2.6bn, part of a push to divest billions of dollars of assets and focus more on renewable energy....Uber acquires alcohol delivery platform Drizly for $1.1b
Uber said Tuesday that it is acquiring the alcohol delivery platform Drizly for $1.1 billion in stock and cash....Alphabet Q4 revenues grew 23 percent
Alphabet reported a fourth-quarter profit of $15.23 billion or $22.30 per share, up from last year's profit of $10.67 billion or $15.35 per share....Amazon Q4 surged to $7.22 billion
Amazon reported a fourth-quarter profit that surged from a year ago, driven largely by revenue growth as consumers continue to shop more on the e-commerce platform, especially over the holiday shopping season, due to the ongoing COVID-19 pandemic....Lenovo Q3 pre-tax income climbed 52 percent
Lenovo Group reported Wednesday that its third-quarter net income attributable to equity holders climbed 53 percent to $395 million from $258 million last year....Transshipment volumes at Qatar ports grew by 89%
Qatar ports' transshipment volumes grew by a robust 89% year-on-year this January, according to figures of Mwani Qatar....Embracer Group acquires Gearbox Software in $1.3 billion deal
Embracer Group (formerly known as THQ Nordic) bought Gearbox in a deal said to be worth a potential $1.3 billion USD....Siemens Q1 net income climbed 38 percent
Siemens reported Wednesday that its first-quarter net income climbed 38 percent to 1.50 billion euros from 1.09 billion euros last year....Issa brothers and TDR to sell Asda forecourts business for 750m pounds
The Issa brothers and TDR Capital will sell Asda's petrol forecourts business to EG Group, which they also own, for 750m pounds after they complete their deal to buy the British supermarket group from Walmart....Jazz Pharmaceuticals to buy GW Pharmaceuticals for $7.2b
Jazz Pharmaceuticals Plc has agreed to acquire GW Pharmaceuticals Plc, maker of the first drug derived from the cannabis plant to win approval in the U.S., for $7.2 billion in cash and stock....Cellnex to acquire French towers from Altice Europe in $6.3 billion deal
Cellnex Telecom said it will acquire French telecommunication towers from Altice Europe in a 5.2 billion-euro deal ($6.3 billion)....Portugal economy records biggest drop since 1936
Portugal's economy shrank 7.6% last year, its biggest annual slump since 1936....Shell slips to big loss in Q4
Royal Dutch Shell reported Thursday that its fourth-quarter loss, on a on a current cost of supplies or CCS basis, attributable to shareholders was $4.48 billion, compared to prior year's CCS earnings of $871 million....BT Group 9-month pre-tax profit down 17%
BT Group reported Thursday that its profit before tax for the nine months to 31 December 2020 declined 17 percent to 1.59 billion pounds from last year's 1.91 billion pounds, reflecting a decline in adjusted EBITDA....Amazon to invest in Tennessee with Alcoa fulfillment center, create nearly 800 jobs
Amazon.com, Inc. announced plans to open a fulfillment center in Alcoa, Tennessee. ...U.S. trade deficit reaches highest level in 12 years
The US' trade deficit reached in 2020 its highest level in 12 years, according to Commerce Department's data released on Friday.... ■