Highlights: February 14, 2022 - February 19, 2022
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Southern Michigan Bancorp net income $11,757,000
Southern Michigan Bancorp reported net income of $11,757,000 for 2021 compared to $7,386,000 for 2020...ACG to finance Volocopter with $1 billion
Volocopter and Aviation Capital Group LLC (ACG) have entered into an agreement in principle to develop financing solutions that will assist with the sale of Volocopter's family of electric vertical take-off and landing (eVTOL) aircraft for up to $1 billion...Apollo Global Management to invest $1.4 billion in Abu Dhabi developer Aldar
Apollo Global Management will invest $1.4 billion in Abu Dhabi developer Aldar Properties in a deal that includes Apollo taking a minority stake in Aldar's investment unit...Alba Q4 profit up by 466%
Aluminium Bahrain B.S.C. (Alba) has reported a profit of BD181.2 million (US$481.9 million) for the fourth quarter of 2021, up by 466% Year-over-Year (YoY) versus a Profit of BD32 million (US$85.1 million) for the same period in 2020...Australia: $2.26 billion to complete Adelaide's North-South Corridor
As part of the Morrison government's plan for a strong economy, an additional $2.26 billion will be invested to complete the final stage of Adelaide's North-South Corridor, creating thousands of jobs while ensuring residents get home sooner and safer...Collegium to acquire BioDelivery Sciences for approximately $604 million
BioDelivery Sciences International announced that it has entered into a definitive merger agreement for Collegium Pharmaceutical to purchase all outstanding shares of BDSI at $5.60 per share in an all-cash transaction...California Governor announces $312 million for beautify and revitalize public spaces
As part of his landmark $1.1 billion Clean California initiative, Governor Gavin Newsom announced the award of $311.7 million for 126 beautification projects along the state highway system - with 98 percent of the projects benefiting historically underserved or excluded communities...Glencore net income up 267%
Glencore said the group delivered an 84% increase in fiscal year 2021 adjusted EBITDA to $21.3 billion...TreeHouse Foods Q4 net loss $29.1 million
For fiscal 2022, TreeHouse Foods projects net sales growth of at least 11 percent and adjusted EBITDA in a range of $385 million to $415 million...Intel to acquire Tower Semiconductor for $5.4 billion
Intel and Tower Semiconductor announced a definitive agreement under which Intel will acquire Tower for $53 per share in cash, representing a total enterprise value of approximately $5.4 billion...Marriott Q4 operating income $635 million
Marriott reported fourth quarter 2021 results...Investcorp acquires 64 industrial properties in U.S. for $640m
Bahrain-based Investcorp acquired 64 industrial properties worth $640 million across the U.S...CEVA Q4 revenue all-time record
CEVA announced its financial results for the fourth quarter ended December 31, 2021...Recycling group Umicore earnings surge 81%
Umicore posted all-time record revenues and earnings in 2021, despite the severe disruption in global car production in the second half of the year as a result of the semiconductor shortage...Norway 2021 GDP growth strongest in 14 years
Norway's mainland economy grew last year by 4.2%, its quickest pace since 2007 as the country rebounded from a pandemic-driven slump in activity, Statistics Norway (SSB) data showed...Record-high volumes and revenues for Mowi in 2021
The fourth quarter marked the end of a record year for Mowi with revenues of 4 208 million euros and harvest volumes of 466 000 tonnes, equivalent to a growth of 12% and 6% respectively...Air France-KLM revenue more than doubled
Air France-KLM turned to a positive operating result in Q4 as revenue more than doubled, and it said that it plans to start implementing new equity-strengthening measures...Commerzbank returns to profitability
Commerzbank has returned to profitability despite high one-time charges of nearly 2 billioneuros and posted a net result of 430 million euros...New $1.7 billion USA BioEnergy advanced biorefinery in Bon Wier will bring 142 jobs
USA BioEnergy, through its subsidiary Texas Renewable Funds (TRF), will build a new $1.7 billion advanced biorefinery in Bon Wier, Texas...Origin Materials announces sustainable materials facility in Ascension Parish, 1,057 jobs
Origin Materials announced that the company plans an investment of at least $750 million to develop a biomass manufacturing facility in Ascension Parish that will result in 1,057 new direct and indirect jobs...Standard Chartered Bank reports highest operating profit since 2015 in Africa and Middle East
Standard Chartered released its financial results for fourth quarter ending 31 December 2021...Insmed Q4 revenue $56.1 million
Insmed reported financial results for the fourth quarter ended December 31, 2021...AutoNation Q4 revenue increased 14%
AutoNation reported its seventh consecutive record quarterly EPS...Eni Q4 adjusted EBIT 9.7 bln euros
Eni reported the unaudited consolidated results for the fourth quarter of 2021...Vedanta to invest up to $20 billion in semiconductors in India
Vedanta has earmarked $15 billion for foray into the electronic chip and display manufacturing space, and plans to scale up the investment to as much as $20 billion...DuPont to sell mobility and materials unit for $11 billion to Celanese
DuPont it would sell its mobility and materials unit for $11 billion to Celanese...Breeze Airways creating more than 200 new jobs in Connecticut
Breeze Airways has chosen Bradley International Airport as the location where the company will establish its fifth base of operations under a plan that includes the creation of more than 200 new jobs in Connecticut...AutoZone creating 352 new jobs in New Kent County, Virginia
AutoZone will invest $185.2 million to establish a new warehouse and distribution center in New Kent County, Virginia...Aspen Aerogels to create more than 250 advanced manufacturing jobs in Bulloch County, Georgia
Aspen Aerogels plans to construct an advanced manufacturing facility at Bulloch County's Southern Gateway Commerce Park, Georgia...Deere Q1 earnings $0.90 billion
Deere announced earnings for first quarter that decreased from last year...Virginia National Bankshares posts highest consolidated net income in history
Virginia National Bankshares Corporation reported net income of $10.0 million for the year ended December 31, 2021, attaining the highest consolidated net income for any year in the Company's history...Ritchie Bros. Q3 net income decreased 37%
Ritchie Bros. Auctioneers reported results for the fourth quarter ended December 31, 2021...Gazprom produced 70.1 billion cubic meters of gas, best result in three years
According to preliminary data, Gazprom produced 70.1 billion cubic meters of gas between January 1 and February 15, 2022... ■