Highlights: February 1, 2022 - February 6, 2022
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poration">Events of the last week.[break]
Viterra Limited to acquire Gavilon for $1.125 billion
Viterra Limited announced that it, through a wholly-owned subsidiary, has entered into a stock purchase agreement with Marubeni America Corporation, a wholly-owned subsidiary of Marubeni Corporation, to acquire the grain and ingredients business of Gavilon Agriculture Investment...Eli Lilly to create nearly 600 jobs in Cabarrus County, North Carolina
Eli Lilly and Company plans to invest $1 billion and create nearly 600 new jobs in Cabarrus County, North Carolina...Nomura Holdings nine month net income declined 63.7%
Nomura Holdings reported nine month net income to shareholders of 112.0 billion yen, a decline of 63.7% from previous year...UBS Q4 net profit down 17.6 percent
UBS reported that its fourth quarter net profit attributable to shareholders was $1.35 billion, down 17.6 percent from last year's $1.64 billion...BlackBerry to sell legacy patents to Catapult for $600 million
BlackBerry Limited has entered into a patent sale agreement with Catapult IP Innovations pursuant to which BlackBerry has agreed to sell substantially all of its non-core patent assets to Catapult for total consideration of $600 million...Bahrain exports surge 67% to hit $10.5bn in 2021
The value of Bahrain's exports of national origin increased by 67% to BD3.994 billion ($10.5 billion) during year 2021, compared to BD2.387 billion for the same previous year, said the Information & eGovernment Authority (iGA)...Starbucks Q1 profit $815.9 million
Starbucks released earnings for its first quarter that increased from last year...Novartis Q4 net income $16.31 billion
Novartis reported that its fourth quarter net income climbed to $16.31 billion or $7.29 per share from the prior year's $2.10 billion or $0.92 per share...ExxonMobil swings to profit in Q4
Exxon Mobil reported a profit for the fourth quarter compared to a steep loss last year, reflecting sharply lower non-cash impairments at its U.S. upstream operations...SIG Combibloc acquires Scholle IPN in $1.53bn deal
Swiss packaging company SIG Combibloc is acquiring U.S.-based privately held Scholle IPN for an enterprise value of 1.36 billion euros ($1.53 billion) to boost its position in sustainable packaging...Connected Health to create 500 jobs in Northern Ireland
Connected Health has announced the creation of 500 new jobs and adopted the London Living Wage rate for all care workers across its Northern Ireland operations...Panasonic to invest $870 million in air conditioning business
Panasonic plans to boost investment by $870 million (100 billion yen) in the air conditioning business...Saudi Arabia unveils more than $6.4 billion in technology and startup investment
Saudi Arabia announced more than $6.4 billion in investments in future technologies and entrepreneurship that will further secure the Kingdom's position as the MENA region's largest digital economy...Home Depot hiring more than 100,000 associates
The Home Depot is hiring more than 100,000 new associates ahead of its busy spring season...Shell Q4 adjusted earnings rose by 55%
Shell, which moved its headquarters from The Hague to London last month, said it expected to increase its dividend by 4% in the first quarter of 2022...Redwood Capital Bancorp Q4 net income $1,794,000
Redwood Capital Bancorp, the only locally owned and operated community bank holding company in Humboldt County, Ca., announced unaudited financial results for the three and twelve month periods ended December 31, 2021...Nucor to modernize Indiana Sheet Mill with $290 million
Nucor board has approved a $290 million investment to expand the product capabilities of its Crawfordsville, Indiana steel sheet mill by adding a construction grade continuous galvanizing line and prepaint line...BrassCraft Manufacturing to create nearly 100 new jobs in Davidson County, North Carolina
BrassCraft Manufacturing Company will create nearly 100 new jobs in Davidson County, North Carolina...Johnson Controls Q1 profit $381 million
Johnson Controls released a profit for first quarter that decreased from last year...Go-Ahead Group expands in Ireland, to hire 180 people
The Go-Ahead Group is seeking to recruit 180 staff at its Go-Ahead Ireland bus business, bringing its total workforce in Ireland to close to 800 people across all functions...'Ignite' to uplift Saudi digital content creation and media production with $1.1 billion
The Digital Content Council announced Ignite, a new program that will transform Saudi Arabia into a leading digital entertainment and media production hub...Governor Wolf announces $1.7 billion plan to secure brighter Pennsylvania for generations
Governor Tom Wolf announced his $1.7 billion plan...Eli Lilly Q4 net income $1.73 billion
Eli Lilly reported a profit for the fourth quarter that decrease 18 percent from last year, reflecting a steep reduction in other income and lower operating income, partially offset by lower income tax expense...Merck Q4 net income $4.58 billion
Merck reported that its fourth quarter non-GAAP EPS increased to $1.80 from $0.98, prior year...ConocoPhillips Q4 adjusted profit $3.0 billion
ConocoPhillips announced a $1 billion increase in expected 2022 return of capital to shareholders to a new total of $8 billion, an increase of more than 30% over 2021...Ralph Lauren Q3 earnings $217.7 million
Ralph Lauren revealed earnings for its third quarter that increased from last year...Sanofi Q4 profit 1.13 billion
Sanofi reported that its fourth quarter net income attributable to equity holders of the company rose to 1.13 billion euros or 0.90 euros per share from 1.07 billion euros or 0.85 euros per share in the same quarter last year...Cigna Q4 profit $1.12 billion
Cigna announced a profit for fourth quarter that decreased from last year but beat the Street estimates...TotalEnergies and CNOOC reach decision on $10 billion Lake Albert development in Uganda
Regeneron Pharmaceuticals announced financial results for the fourth quarter...Verkor builds gigafactory dedicated to low-carbon automotive battery cells, to create jobs
The French industrial company Verkor has announced the choice of the Port of Dunkirk in France for the construction of its first Gigafactory dedicated to the development of low-carbon automotive battery cells... ■