Highlights: February 21, 2022 - February 26, 2022
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Abu Dhabi National Oil Company (ADNOC) announced today, framework agreement awards valued at $1.94 billion (AED 7.1 billion) to enable drilling growth....Clipper Logistics agrees 940m pounds takeover from GXO Logistics
Clipper Logistics, which processes orders from Asda, Asos and John Lewis, has agreed a possible takeover deal worth up to 940 million pounds with a GXO Logistics....Port of Los Angeles reports busiest January in its 115-year history
The Port of Los Angeles processed 865,595 Twenty-Foot Equivalent Units (TEUs) in January, a 3.6% increase compared to last year....SK ecoplant acquires Singapore-based TES for $1bn
SK ecoplant acquired TES Envirocorp, a Singapore-based provider of synchronized electronic waste management solutions....Norsk Hydro Q4 profit up 18 percent
Norsk Hydro reported that its fourth quarter net income from continuing operations was 8.53 billion Norwegian Kroner, up 18 percent from 7.23 billion kroner a year ago....Coca-Cola HBC net profit increased 32 percent
Coca-Cola HBC reported that fiscal 2021 net profit attributable to owners of the parent climbed 32 percent to 547.2 million euros from last year's 414.9 million euros....HSBC profit after tax up $8.6bn
HSBC Holdings plc published annual results 2021....Home Depot Q4 earnings $3.35 billion
The Home Depot released earnings for its fourth quarter that increased from the same period last year....Standard General to buy TV broadcaster Tegna for $8.6 billion
Standard General has struck a deal to purchase TV broadcaster Tegna for $24 per share in cash....Cummins acquires Meritor for approximately $3.7b
Under the terms of the agreement, Cummins will pay $36.50 in cash per Meritor share for a total transaction value of approximately $3.7b, including assumed debt and net of acquired cash....MOL Q4 Clean CCS EBITDA $947mn
MOL Group announced its financial results for Q4 and full year 2021....Rio Tinto FY21 profit surges 116 percent
Rio Tinto reported that its fiscal 2021 profit after tax attributable to owners of Rio Tinto surged 116 percent to $21.09 billion from last year's $9.77 billion, reflecting higher prices....Albania's budget revenues up by 20 pct in 2021
State budget revenues in Albania increased by 20 percent in 2021 compared to 2020, the country's Finance and Economy Minister Delina Ibrahimaj said....Veritas Capital to buy Houghton Mifflin Harcourt for $2.8 bln
Educational publisher Houghton Mifflin Harcourt said it had agreed to be bought by private equity firm Veritas Capital for about $2.8 billion in cash....Cracker Barrel Old Country Store Q2 earnings $37.62 million
Cracker Barrel Old Country Store announced a profit for its second quarter that increased from last year....Sotheby's International Realty achieves historic year with record $204 billion in global sales volume
Sotheby's International Realty announces that its global network achieved a record US$204 billion in 2021 global sales volume, a 36% increase in sales growth year over year, as U.S. cities saw a resurgence of interest following the pandemic and sales activity in secondary and resort markets around the world remained strong....Macy's Q4 earnings per share $2.44
Macy's reported financial results for the fourth quarter 2021....Tupperware Q4 net sales decreased 12%
Tupperware Brands reported operating results for the fourth quarter and fiscal year ended December 25, 2021....Hong Kong announces $21 billion to support economy
The Hong Kong government announced it will be spending more than 170 billion Hong Kong dollars ($21.8 billion) to fight the pandemic and support the econom....Austria reports highest annual inflation since 1984
Austria's year-on-year inflation rate rose to five percent in January, the highest figure recorded since December 1984, the federal institution Statistics Austria said....Barclays FY21 profit surges to 8.41 billion pounds
Barclays reported that its fiscal 2021 profit before tax surged to 8.41 billion pounds from last year's 3.07 billion pounds....Apollo to buy Tenneco for approximately $7.1 billion
Tenneco announced it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo in an all-cash transaction with an enterprise valuation of approximately $7.1 billion, including debt....Mercedes-Benz revenue reached 168 billion euros
Mercedes-Benz Group achieved strong financial results for the fiscal year 2021 ended December 31....ChipMOS TECHNOLOGIES reported record revenue and net earnings
ChipMOS TECHNOLOGIES reported consolidated financial results for the fourth quarter, with record revenue and net earnings for the full year ended December 31, 2021....Rolls Royce underlying operating profit 414 million pounds
Rolls Royce posted fiscal year underlying operating profit of 414 million pounds compared to a loss of 2.01 billion pounds, prior year....Office Depot Q4 net income grew to $32 million
Office Depot reported that net income from continuing operations grew to $32 million or $0.61 per share from $31 million or $0.57 per share in the prior-year quarter....Amazon to create 500 new jobs in Augusta County, Virginia
Amazon will launch a new 1 million-square-foot non-sortable fulfillment center in Augusta County....Telefonica net income 8.137 million euros
Telefonica obtained a net income of 8.137 million euros in 2021, a five-fold increase compared to the previous year....Carvana expanding Georgia presence, creating up to 3,500 jobs
Carvana plans to bring an additional 3,500 during the coming years through its growing operations....Eli Lilly announces Institute for Genetic Medicine and $700 million investment in Boston Seaport site
Eli Lilly announced the launch of the Lilly Institute for Genetic Medicine and an investment of approximately $700 million to establish a state-of-the-art facility at a new site in the Boston Seaport....Stellantis to pay 1.9 billion euros to its employees as result of strong 2021 financial results
Stellantis has announced the redistribution of 1.9 billion euros to its employees as a recognition of their contribution to the company's achievements following the strong 2021 financial results....Dell Technologies Q4 posts record operating income
Dell Technologies announces financial results for its fiscal 2022 fourth quarter and full year....Serena & Lily to create 75 jobs at new distribution facility in Rincon, Georgia
Furniture company Serena & Lily will create 75 jobs as they locate their first East Coast operation in a 1.2-million-square-foot distribution facility in Effingham County....IAG reports 3.5bn euros loss
The owner of British Airways, International Airlines Group, more than halved losses to 3.5bn euros in 2021 and expects to return to profit this year....Seplat to acquire Exxon Mobil's Nigerian unit for $1.3 billion
Seplat Energy has entered into a contract with a Nigerian unit of Exxon Mobil, to procure Mobil Producing Nigeria Unlimited's entire oil assets in Nigeria....Carvana acquires Adesa U.S. auction business for $2.2b
Carvana has agreed to buy Kar Global's Adesa U.S. auction subsidiary for $2.2 billion in cash....Total Quality Logistics to create 525 full-time jobs across Kentucky offices
Total Quality Logistics (TQL) will grow its presence in the commonwealth with expansions at three offices across Lexington, Louisville and unincorporated Boone County, resulting in up to 525 new full-time Kentucky-resident jobs....Pennsylvania: UPS Northeast Regional Hub to create 1,721 jobs
Pennsylvania Governor Tom Wolf he visited the future location of the United Parcel Service (UPS) Northeast Regional Hub, which is one of four UPS locations supported by the state to create 1,721 new, full-time jobs.... ■