POST Online Media Lite Edition



 

Highlights: February 8, 2021 - February 12, 2021

Christian Fernsby |
Events of the last week.

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Northeast Indiana Bancorp earnings increased 19.5%

First Federal Savings BankNortheast Indiana Bancorp, the parent company of First Federal Savings Bank, announced earnings increased $914,000 or 19.5% to $5.6 million ($4.65 per diluted common share) for the full year 2020 when compared to full year 2019 earnings of $4.7 million ($3.91 per diluted common share)....

Exports from UK to EU down 68% in January

Exports from UKExports from Britain to the European Union fell by 68% in January....

Renesas Electronics Corporation buys Dialog Semiconductor in 4.9 billion euros deal

Renesas ElectronicsRenesas Electronics Corporation and Dialog Semiconductor today announced they have reached an agreement on the terms of a recommended all-cash acquisition by Renesas of the entire issued and to be issued share capital of Dialog for EUR 67.50 per share, representing a total equity value of approximately EUR 4.9 billion (approximately 615.7 billion yen)....

Taiwan January exports record high

Taiwan streetTaiwan's exports rose in January for the seventh consecutive month with the strong pace setting a new record....

KB Autosys to open 'first U.S. facility in Meriwether County, Georgia, create 180 jobs

KB AutosysKB Autosys will invest $38 million in opening their first U.S. advanced manufacturing facility in Georgia. ...

Total Q4 net income declined 66 percent

TotalTotal reported that its fourth quarter net income group share declined 66 percent to $891 million from last year's $2.60 billion....

Bell Canada pledges $1.2bn fibre investment

Bell CanadaBell announced it will rapidly expand its broadband fibre and wireless networks in Canada with a $1 billion to $1.2 billion acceleration in capital expenditures over the next 2 years....

Centene Q4 total revenues $28.3 billion

CenteneCentene Corporation announced its financial results for the fourth quarter and year ended December 31, 2020, reporting diluted (loss) earnings per share (EPS) of $(0.02) and $3.12, respectively, and Adjusted diluted EPS of $0.46 and $5.00, respectively....

Nissan Q3 loss $360 million

NissanNissan Motor Co. reported a 37.8 billion yen ($360 million) loss for October-December, bigger than the 26 billion yen loss racked up the previous year....

India pledges $236m for building dam in Afghanistan

Shahtoot DamThe Indian prime minister pledged on Tuesday that his government will provide $236 million to construct a dam in the outskirts of the Afghan capital Kabul....

Societe Generale Q4 profit down

Societe GeneraleSociete Generale reported Wednesday that its fourth-quarter Group net income declined 28.1 percent to 470 million euros from last year's 654 million euros....

A.P. Moller - Maersk delivers strong results

A.P. Moller - MaerskA.P. Moller - Maersk grew underlying earnings before interest, tax, depreciation and amortisation (EBITDA) 44 pct. to USD 8.2bn and revenue grew to USD 39.7bn in 2020 compared to USD 38.9bn last year....

General Motors Q4 profit per share $1.93

General MotorsGeneral Motors reported fourth quarter adjusted profit per share of $1.93 compared to $0.05, prior year....

AstraZeneca Q4 profit surges

AstraZenecaAstraZeneca reported Thursday that its fourth quarter profit before tax was $1.17 billion, significantly higher than last year's $240 million....

Kraft Heinz sells nuts business to Hormel Foods for $3.35bn

Kraft HeinzKraft Heinz has agreed to sell its Planters peanuts and snacks business to Hormel Foods for $3.35bn....

BNP Paribas expands in southeast Pennsylvania, brings new office and 300 jobs

BNP ParibasGovernor Tom Wolf announced that BNP Paribas is expanding its presence in southeastern Pennsylvania. ...

Gilead Sciences will create 275 jobs in the Research Triangle Region

Gilead SciencesGilead Sciences, Inc. has selected North Carolina's Research Triangle region as the location for a major business services and information technology hub, creating 275 jobs, Governor Roy Cooper announced....

Vytal Studios to establish corporate headquarters in Richmond, Virginia, creating 155 new jobs

Vytal StudiosVirginia Governor Ralph Northam announced that Vytal Studios will invest $6.8 million to relocate its corporate headquarters from Austin, Texas to Richmond, Virginia....

Freshly to open first southeastern U.S. facility in Austell, Georgia, creating 250 jobs

FreshlyGeorgia Governor Brian P. Kemp announced that fresh-prepared meal delivery service Freshly Inc. is investing $3.2 million in opening a distribution facility in Austell....

Rabobank to cut 5,000 jobs

RabobankRabobank will be cutting 5,000 jobs in the next five years....

Air Canada total revenues declined 70 percent

Air CanadaAir Canada total revenues of $5.833 billion in 2020 declined $13.298 billion or 70 percent from 2019....


What to read next

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Highlights: June 8 - June 13, 2015

Rain and storms along eastern seaboard; active weather returns to northwestern U.S. this weekend

 
A front along the East Coast will move eastward off the East Coast by Friday evening.
 
 

Latest

U.S. oil rigs jump
Commission agrees to easy burden on farmers after huge protest in Europe
Neumann TLM 103, standard microphone for both voice and music
Nestlé sales decreased 1.5%

NEWS

Over 1,000 Greek beekeepers hold protest rally in Athens

Disruption of medical services in South Korea intensifies as medics protest
Law enforcement disrupt world’s biggest ransomware operation in Operation Cronos
Visegrád countries farmers protest together against EU measures, Ukrainian grain
Over 100 searches and 4 arrests in France, Germany, Italy, Latvia and Malta due to money laundering
Italy: Olive oil company faces allegations of fraud and tax evasion in Sicily
 

BUSINESS

EU’s new Anti-Money Laundering Authority to be based in Germany

Indonesia inaugurates largest port for eastern region
California taking advantage of storms to boost water supplies
California ZEV sales skyrocketed more than 1000% in the last decade
Kenya repays part of 2 bln USD Eurobond, ending fears of default
Reconstruction of railway linking Afghanistan to Uzbekistan begins
 

Trending Now

Zalando commits to provide clearer information for consumer following EU action

Over 100 searches and 4 arrests in France, Germany, Italy, Latvia and Malta due to money laundering

1 dead, 2 missing in fishing boat crash in central Vietnam

Kenya repays part of 2 bln USD Eurobond, ending fears of default


POLITICS

Battery and advanced manufacturing challenge to secure federal infrastructure investment in Michigan

Nearly $16.5m for short line rail projects to improve agricultural supply chain in Kansas
U.S. to invest billions to replace Chinese cranes at ports
U.S. announces $5.8 billion to clean up nation’s drinking water
Iran says it overtakes Qatar in gas extraction from joint field
Indonesia's new copyright regulation requires platforms to pay press companies for contents
 

Today We Recommend

Visegrád countries farmers protest together against EU measures, Ukrainian grain


Highlights 

U.S. FDA warns using smartwatches to measure blood glucose

Spyware found on EU politicians' phones

Nucor board approves $860 million for Pacific Northwest rebar micro mill


COMPANIES

Canadian latest low-cost airline to cease operation

German citizens reject Tesla expansion plans in Gruenheide
Zalando commits to provide clearer information for consumer following EU action
Austco Healthcare enters term sheet to acquire Amentco
Maersk unveils cold chain facility in New Zealand’s Golden Triangle
Thales Alenia Space launches Merah Putih-2 satellite, aiding digital expansion in Indonesia
 

CAREERS

BioMar appoints new VP for Asia

APO Group appoints Laila Bastati as chief commercial officer
TerraPay appoints Ruben Salazar Genovez as president
Personetics names Udi Ziv as new CEO
Lingotto appoints Pam Chan to launch Mosaic
Fogmaker International appoints Johan Bjerstedt as new sales and marketing manager
 

ECONOMY

Malaysia's total approved investment up 23 pct in 2023

Eurozone current account surplus up in December
Saudi Arabia's GDP hits $1.07trn in nominal terms
Bahrain attracts record $1.7 billion in investments
Trade between China and Brazil continues rise
China keeps medium term lending facility at 2.5%
 

EARNINGS

Wolters Kluwer revenues €5,584 million

Telefonica increases revenues to €40,652 million
Andersons Q4 income $51 million
Moderna Q4 revenue $2.8 billion
Anglo American underlying EBITDA $10.0 billion
Rolls-Royce underlying operating profit £1.6bn
 

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

Hungary, Iran sign agricultural cooperation agreement

Tanzania to import 300,000 tonnes of sugar to fill current shortage
Latvia bans imports of Russian and Belarusian agricultural products
Harsh winter kills over 1.5 mln livestock in Mongolia
Hong Kong suspends import of poultry meat and products from Ostrowski District of Wielkopolskie Region, Poland
Duck meat exports from Brazil grow 18.9% in 2023
 

LEADERSHIP

Hiring 'problem directors' can knock up to 64% off firm's value

Problematic 'zombie leadership' lives on in many cases
Younger workers have significantly lower productivity than older
Employees who experienced burnout valued jobs with training opportunities less
Moderate performance goals let workers adapt to turbulent marketplaces, research suggests
Employment quotas are bad thing
 

CRIME

Linde unit to pay $25.5 mln over claims it defrauded U.S. healthcare programs

FINRA fines Morgan Stanley $1.6 million for municipal securities violations and related failures
Eli Lilly to offer low cost insulin, donate to clinics in Minnesota settlement
Google to pay $350 million to settle shareholders' data privacy lawsuit
California AG announces $150 million multistate agreement with Hikma Pharmaceuticals for its role in opioid epidemic
North Carolina secures $13.5m agreement with First National Bank of Pennsylvania to resolve redlining claims
 

Magazine

TRAVEL

Visitors to be welcomed back on Farne Islands

Hotel Taschenbergpalais Kempinski Dresden opens
306 Room Tempo by Hilton Nashville Downtown hotel opens
Tickets on sale now for Formula 1 Etihad Airways Abu Dhabi Grand Prix 2024
Best Western SeaWorld San Antonio hotel opens in Texas
Gigantic statue of Constantine goes on display in Rome
 

SEA, LAND, AIR

Embraer Phenom 300E, true force to be reckoned with

Sikorsky S-76D helicopter, for perfect business travel above roads
Porsche Taycan, improved in almost everything
New Ford Explorer is all about exploring
Chevrolet 2025 Equinox is new and refreshed
F-150 Lightning Switchgear soon available to public
 

DESIGN

Vacheron Constantin, watches for life and more

Schüller kitchens, where functionality marries design
Marc Kaufman Furs, from glory days of Wild West to fashion empire
Kelaghayi scarf, powerful women's fashion symbol from Azerbaijan
Tiffany reimagined their necklace collections in bold style
How to make room coherent with pieces that don't really fit together
 

GADGETS

Epikore Epikore, luxurious loudspeakers you should have

Retro radios with soul for your car
Balanced Audio Technology power amplifier REX 500, 500 watts of solid state
Marantz TT-15S1 turntable, excellent materials and sound
Samsung Galaxy S24, smartphone focused on photography
Best dash cams for your peace of mind
 

HEALTH

U.S. FDA warns using smartwatches to measure blood glucose

Terahertz biosensor detects skin cancer with remarkable accuracy
WuXi Advanced Therapies receives FDA approval to manufacture Iovance's AMTAGVI (lifileucel) for advanced melanoma
Problems with sleep can trigger range of psychiatric disorders
FDA approves Xolair as first and only medicine for children and adults with one or more food allergies
Record storms in California lead to surging deadly fungal infections
 

MEANTIME

U.S. makes first lunar landing in over 50 years

Birds have been adapting to human activity for millennia
Anthropologists' research unveils monumental early stone plaza in Andes
European Space Agency satellite ERS-2 will reenter Earth’s atmosphere this week
Colorado is home to America's newest national park
Hubble views massive star forming