Highlights: January 17, 2021 - January 23, 2022
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Eastman to invest up to $1bn in circular economy world's largest plastics recycling facility in France
This morning, French President Emmanuel Macron and Eastman Board Chair and CEO Mark Costa will jointly announce Eastman's plan to invest up to $1 billion in a material-to-material molecular recycling facility in France.Hikma Pharmaceutical acquires Teligent for $45.8 million
Hikma Pharmaceuticals PLC today announces that it has agreed to acquire the Canadian assets of Teligent Inc. (Teligent) for $45.75 million.Stadler Rail wins 4bn euros contract for German-Austrian project
Stadler Rail secured its biggest contract to supply up to 504 vehicles for the VDV Tram-Train project that will service six transport companies in Germany and Austria.Mobile Climate Control moves U.S. operations to Pennsylvania, create 117 new jobs
Mobile Climate Control is consolidating its U.S. operations into a single, newly-constructed facility in York County, Pennsylvania and will create 117 new, full-time jobs over the next three years.USDA: U.S. port backlogs at all-time high
The continuing high truck rates and the lack of available drivers in the U.S., along with winter weather, consumer stockpiling, and the spike in virus rates caused by the Omicron variant, are all being cited as contributing factors in empty store shelves being seen across the country.Inflation in Czech Republic will accelerate to 10%
The inflation rate in the Czech Republic rose again in December.Hugo Boss Q4 revenues increased 51%
On a preliminary basis, Hugo Boss currency-adjusted revenues in the fourth quarter increased 51% compared to the prior-year level, thus exceeding Q4 2019 levels by 12%.Goldman Sachs Q4 earnings $3.81 billion
Goldman Sachs released a profit for fourth quarter that decreased from the same period last year.Airbus initiates recruitment plan to add 6,000 global positions
Airbus announces it intends to start 2022 with a recruitment plan of around 6000 new hires worldwide across the entire group.Bank of America Q4 profit up 30%
Bank of America reported Thursday that net income applicable to common shareholders for the fourth quarter grew 30 percent to $6.77 billion from last year's $5.21 billion, with earnings per share increasing to $0.82 from $0.59 in the prior year, reflecting strong operating leverage as revenues grew faster than expenses.UCB to buy Zogenix for up to $1.9 bln
UC announced a definitive agreement to acquire Zogenix, a global biopharmaceutical company commercializing and developing therapies for rare diseases.U.S. house inventory down 40% from pre-COVID level
The home shopping season appears to already be in full swing, as anxious buyers outnumbered dwindling new listings and drove inventory to record low levels in December.Berkshire Hills Bancorp Q4 EPS increased by 40%
Berkshire Hills Bancorp reported that fourth quarter earnings per share (EPS) increased year-over-year by 40% to $0.42 in 2021, and by 50% to $0.42 on an adjusted non-GAAP basis.Exxon, SABIC start up giant new Texas petrochemical complex, more than 600 new jobs
ExxonMobil and SABIC announced the successful startup of Gulf Coast Growth Ventures world-scale manufacturing facility in San Patricio County, Texas.Hisense revenue $27.2 billion
Hisense announced its 2021 financial results, showing total revenue reached $27.2 billion, up 33% YOY, hitting a new record high in total revenue.Germany plans to attract 400,000 foreign workers per year
Germany's new coalition government wants to attract 400,000 qualified workers from abroad each year to tackle both a demographic imbalance and labour shortages in key sectors.New York: General Motors to invest nearly $154m at Lockport plant
General Motors plans to invest nearly $154 million in its Western New York Lockport Components plant, New York.Louisiana: AEP plans to develop $100 million transmission control center in Shreveport
American Electric Power (AEP), which manages the nation's largest electricity transmission system, will invest $100 million to develop a new Shreveport Transmission Control Center (STCC).Fetch Rewards to create 200 jobs at new Alabama office and support hub
Fetch Rewards, the nation's fastest-growing consumer rewards app, plans to open an office facility and customer service hub in Birmingham, Alabama, where it will create 200 full-time jobs.Intel to invest $20B to build chip-making facility in Ohio, create 3,000 jobs
Intel announced plans for an initial investment of more than $20 billion in the construction of two new leading-edge chip factories in Ohio.Persistent Systems profit rose 45.9 percent
Persistent Systems announced the company's audited financial results for the quarter, ended on December 31, 2021, as approved by the board of directors. ■