POST Online Media Lite Edition



 

Highlights: February 4 - February 7, 2019

Staff Writer |
The most interesting business stories that marked the last week.

Article continues below




BBVA Compass Bancshares Q4 net income increased 276 percent

BBVA Compass BancsharesBBVA Compass Bancshares reported net income of $196 million for the fourth quarter of 2018, a 276 percent increase from the $52 million earned during the fourth quarter of 2017....

Northeast Indiana Bancorp earnings increased 22.1%

Northeast Indiana BancorpNortheast Indiana Bancorp, the parent company of First Federal Savings Bank, announced earnings increased $754,000 or 22.1% to $4.2 million ($3.49 per diluted common share) for the full year 2018 when compared to full year 2017 earnings of $3.4 million ($2.84 per diluted common share)....

Dominion Energy down to $641 million from $1.3 billion

Dominion EnergyDominion Energy announced unaudited reported earnings determined in accordance with Generally Accepted Accounting Principles (reported earnings) for the three months ended Dec. 31, 2018 of $641 million ($0.97 per share) compared with earnings of $1.3 billion ($2.04 per share) for the same period in 2017....

Julius Baer 2018 profit increased, will cut number of employees

Julius BaerJulius Baer reported that its full year 2018 IFRS net profit attributable to shareholders grew by 4% to 735 million Swiss francs and IFRS earnings per share rose by 4% to 3.37 francs....

2018 5th record-breaking year in a row for Norwegian tourism

Tourists in NorwayThere were 33.8 million guest nights in Norwegian accommodation establishments in 2018. This is 1.5 percent more than in 2017, making 2018 the 5th record-breaking year in a row....

BP 2018 profit doubles

BPBP's profit doubled to $12.7 billion (9.7 billion) in 2018, driven by strong growth in oil and gas output following the acquisition of a large portfolio of U.S. shale assets....

Rosneft revenue jumps 41.2%

RosneftRosneft 12? 2018 revenue boosted by more than 1.4 times YoY up to RUB 8,238 bn (USD 133.7 bn) mainly due to favorable world price dynamics (+41.2% in RUB terms and 31.4% in USD terms) and growth of equity share in profits of the Russian and international projects (+44% YoY)....

GM plans to invest $2.5bn in Brazil in return for tax breaks

General Motors BrazilGeneral Motors is in talks to invest 9 billion reais ($2.5 billion) in the Brazilian state of Sao Paulo over the next three years in return for tax incentives, Valor Economico has reported....

Archer-Daniels-Midland Q3 profit down to $315 million from $788 million

Archer-Daniels-MidlandArcher-Daniels-Midland (ADM) released earnings for fourth quarter that dropped from the same period last year....

ExxonMobil and Qatar Petroleum to go with Texas LNG project that could bring $31 billion

ExxonMobilExxonMobil and partner Qatar Petroleum said today they have made a final investment decision to proceed with development of the Golden Pass LNG export project located in Sabine Pass, Texas. Construction will begin in the first quarter of 2019 and the facility is expected to start up in 2024....

General Motors jumps from $5.17 billion loss to $2.01 billion profit

General MotorsGeneral Motors reported a profit for the fourth quarter, compared to a loss in the year-ago period that included a non-cash charge related to the U.S. tax reform....

Sanofi Q4 profit doubles

SanofiSanofi reported that its fourth-quarter IFRS net income attributable to equity holders doubled to 254 million euros from 126 million euros last year....

Consumer confidence jumps 33 percent in Mexico

Mexican workersConsumer confidence in Mexico jumped 32.8 percent in January compared to the same period in 2018, driven by greater optimism about the future of the economy, the national statistics institute (Inegi) said on Wednesday....

Twitter Q4 profit more than doubled

TwitterTwitter reported a profit for the fourth quarter that more than doubled from last year....

SunTrust Banks and BB&T Corporation to merge in $66 billion deal

SunTrust BanksSunTrust Banks and BB&T Corporation announced that both companies' boards of directors have unanimously approved a definitive agreement to combine in an all-stock merger of equals valued at approximately $66 billion....


What to read next

Highlights: September 17 - September 23, 2018
Highlights: June 8 - June 13, 2015
Highlights: May 18 - May 23, 2015

Lomar Shipping announces acquisition of Carl Büttner Holding

 
Lomar Shipping, a maritime subsidiary of Libra Group, has acquired the Bremen, Germany-based Carl Büttner Holding.
 
 

Latest

Pfizer completes $11.6bn acquisition of Biohaven Pharmaceuticals
United Airlines suspends service to New York JFK
Companies increasingly pessimistic about Swiss economy
EU antitrust watchdog in talks with Germany over 200 bln euro support plan

NEWS

Explosion in chemical factory in Uzbekistan

Indiana AG: Make sure your social media accounts are safe after you die
U.S.: Variety of weather hazards to start off the week
Hurricane Orlene expected to hit Mexico
Russian nuclear submarine disappeared from NATO radars
Swedish Coast Guard issues update on gas leaks in Baltics
 

BUSINESS

Plan for big boost in GP training numbers in New Zealand

World’s tallest timber apartment tower to be built in Zanzibar
950,000 Singaporean households to get rebate for up to 10 months of bills
Seven vessels with foodstuffs leave Ukrainian ports
Site of UK’s first fusion energy plant selected
AG Ferguson: Half-billion dollars to fight opioid epidemic will start flowing December 1
 

Trending Now

Alfa Laval signs global partnership agreement with Spirax Sarco

World’s tallest timber apartment tower to be built in Zanzibar

Rockwell Automation to buy CUBIC

Alexion, AstraZeneca Rare Disease to acquire LogicBio Therapeutics


POLITICS

There must be no return to austerity, says Murphy

U.S. Treasury takes additional sanctions actions across Bosnia and Herzegovina
Libya, Türkiye sign MoU for oil, gas cooperation
Commission approves €800 million Greek scheme to support non-household electricity consumers
Commission approves €134 million German measure to support BASF in production of renewable hydrogen
North Dakota Governor leads trade and investment mission to Japan
 

Today We Recommend

950,000 Singaporean households to get rebate for up to 10 months of bills


Highlights 

ABB wins $170 million in orders from Stadler Valencia to enhance Europe’s railway network

PwC expects remainder of 2022 and 2023 to be challenging

PwC announces record global revenues of $50 billion


COMPANIES

ORLEN Group launching new petrochemical product

Cambrex announces stability storage expansions in Ireland and Belgium
Excelerate Energy finalizes agreement with Hyundai Heavy Industries for for floating regasification and storage unit
LyondellBasell starts production at its Frankfurt site
Alfa Laval signs global partnership agreement with Spirax Sarco
Duke Energy commits $250,000 to support Hurricane Ian relief efforts
 

CAREERS

Ara Partners hires Teresa O'Flynn as partner and co-lead of infrastructure strategy

Kimberly Nelson named president of Kemin Nutrisurance
Discovery Life Sciences appoints Suso J. Platero as chief scientific officer
Sandeep Johri joins LambdaTest board
Skyresponse appoints Mats Berthem as new CEO
Phathom Pharmaceuticals appoints James Toppe to board
 

ECONOMY

U.S. construction spending decreases more than expected in August

Manufacturing PMI at 50.9% September
PwC expects remainder of 2022 and 2023 to be challenging
Turkish inflation rate hits 24-year high of 83%
Japan consumer confidence deteriorates but remains in positive territory in September
Poland inflation comes in at highest level since February 1997 in September
 

EARNINGS

PwC announces record global revenues of $50 billion

AllianceBernstein's fund net assets 377,335,035
CarMax Q2 revenues $8.1 billion
Rite Aid Q2 net loss $331.3 million
NIKE Q1 2023 revenues $12.7 billion
Morrisons Q3 revenue up 4.5%
 

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

Utah confirms additional 3 cases of HPAI on turkey farms in Sanpete County

Oregon: HPAI confirmed in Douglas County backyard flock
Russia: Over 23 thousand tons of grain, processing products sent for export from Primorye
Netherlands to cull around 102,000 chickens to contain bird flu
Rosselkhoznadzor found about 73 tons of infected vegetables and fruits in Dagestan
Farmers in Guyana to training to improve and sustain their incomes
 

LEADERSHIP

Forget everything you know about hiring people

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
 

CRIME

Kim Kardashian to pay $1.26 million for unlawfully touting crypto security after SEC charges

SEC charges two Canadian programmers for GlobeNewswire with insider trading
Barclays agrees to $361 million settlement to resolve SEC charges relating to over-issuances of securities
Justice department announces total distribution of over $4 billion to victims of Madoff Ponzi Scheme
Bank of Ireland fined EUR100.5 million over tracker mortgage dispute
11 financial institutions to pay over $710m for recordkeeping and supervision failures, unapproved communication
 

Magazine

TRAVEL

Come to the astronomy capital of the world and meet the stars

All New Zealand fans of all things home and garden are welcome to Hamilton
Sanctuary Cap Cana opens in Dominican Republic
Skate with Olympic star Patrick Chan at Vancouver rinks
Annual Peanut Festival in Aubrey, Tx. is celebration of past and joy of present
Anantara Grand Hotel Krasnapolsky Amsterdam opens
 

SEA, LAND, AIR

2023 Ford F-Series Super Duty, built like never before

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
 

DESIGN

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

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
 

GADGETS

Technics SL-1200, the legend keeps spinning

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
 

HEALTH

Roche launches its next-generation SARS-CoV-2 Rapid Antibody Test

FDA approves Taiho's LYTGOBI (futibatinib) tablets
New recommendations for terlipressin-containing medicines in treatment of hepatorenal syndrome
Singapore authorises Pfizer COVID-19 vaccine for children aged 6 months through 4 years
Russia’s Vector Center developing mRNA coronavirus vaccine
Shionogi says COVID pill resolves Omicron symptoms faster
 

MEANTIME

Three scientists share Nobel Prize in Physics for work in quantum mechanics

Swedish scientist Svante Pääbo wins Nobel Prize in medicine for discoveries on human evolution
First probable impact crater discovered in Spain
New evidence for liquid water beneath south polar ice cap of Mars
Potential first traces of the universe's earliest stars
New archaeology dives into mysterious demise of Neanderthals