POST Online Media Lite Edition



 

Highlights: January 4, 2021 - January 9, 2021

Christian Fernsby |
The most important events of the last week.

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Transaction to combine Husky Energy and Cenovus Energy closes

Husky EnergyHusky Energy announces the transaction to strategically combine with Cenovus Energy has closed....

Ferguson sells Wolseley UK

Wolseley UKFerguson plc today announced that it has entered into an agreement to sell Wolseley UK, its UK based heating and plumbing distribution business, to Clayton, Dubilier & Rice, a global private investment firm for net cash consideration of approximately 308 million pounds (c. $420 million)....

Centene to acquire Magellan Health in $2.2 billion deal

CenteneCentene Corporation and Magellan Health announced that they have entered into a definitive merger agreement under which Centene will acquire Magellan Health for $95 per share in cash for a total enterprise value of $2.2 billion....

Stellantis: Fiat Chrysler, Peugeot shareholders approve merger

Fiat carShareholders of Fiat Chrysler and PSA Peugeot voted Monday to merge and create the world's fourth-largest auto company....

General Motors to convert more than 650 U.S. temporary employees to full-time status in January

General Motors MichiganGeneral Motors Co. announced today that more than 650 hourly employees at its sites in the U.S. will transition from temporary to regular full-time employment in January 2021. ...

Silicon Valley Bank to acquire Boston Private in $900m deal

Boston Private Bank & Trust CompanyThe parent company of Santa Clara, California-based Silicon Valley Bank has agreed to acquire Boston Private Bank & Trust Company in a deal valued at approximately $900 million....

Macy's will close almost 50 stores this year

Macy'sMacy's will close another 45 stores this year as part of a three-year plan aimed at keeping the department store chain profitable, the company said....

KonaTel Q3 net operating income grew by 65.7%

KonaTelKonaTel announced financial results for the third quarter ended September 30, 2020....

UnitedHealth Group to buy Change Healthcare for $7.84 billion in cash

UnitedHealth GroupUnitedHealth Group has agreed to buy Change Healthcare for $7.84 billion in cash, the companies said on Wednesday....

LafargeHolcim to buy Firestone Building Products in $3.4 bln deal

LafargeHolcimLafargeHolcim has signed an agreement to acquire Firestone Building Products (FSBP), the world’s biggest cement maker said on Thursday....

Nevada: GOED approves 11 new companies that will create 1,991 jobs over next 10 years

American Battery Technology CompanyThe Nevada Governor's Office of Economic Development (GOED) Board of Directors approved abatements for 11 companies that will generate $90,207,019 in tax revenue and create 1,991 jobs over the next 10 years....

Helen of Troy Q3 2021 GAAP consolidated operating income increased 15.8%

Helen of TroyHelen of Troy reported results for the third quarter....

ChipMOS Technologies Q4 revenue up 13.3%

ChipMOS TechnologiesChipMOS Technologies today reported its unaudited consolidated revenue for the fourth quarter ended December 31, 2020....

WD-40 Company Q1 2021 total net sales increased 26 percent

WD-40 CompanyWD-40 Company reported financial results for its first fiscal 2021 quarter ended November 30, 2020....

Adverum Biotechnologies will add more than 200 jobs in Durham County, North Carolina

Adverum BiotechnologiesAdverum Biotechnologies, Inc., a California-based gene therapy company targeting unmet medical needs in ocular and rare diseases, will invest $82.8 million for a new gene therapy manufacturing facility in Durham County.... â– 


What to read next

Highlights: September 17 - September 23, 2018
Highlights: April 29 - May 5, 2019
Highlights: June 8 - June 13, 2015

Storm brings rain and snow to southwest U.S.; snow on higher elevations

 
A deep upper level low will drop into the western U.S. today, pushing a surface frontal system south across the region.
 
 

Latest

U.S. oil and gas rig count falls to 576
Georgia Governor Kemp to reinforce economic partnerships in Germany and Poland
Kansas Governor announces $25M for Stafford County Transload Facility Project
Port Houston awarded $25 million to build hydrogen fuelling station

NEWS

Arctic air spreads south and east from Rockies Friday through next week

Bulgaria: 4 charged with €94.5 million fraud involving railway signalling systems
Winter storm to impact south and southeast U.S.
Azerbaijan suspends gas supplies to Bulgaria for technical reasons
UK phasing out sale of new petrol and diesel cars from 2030
Anchor linked to Eagle S recovered in Finland-Estonia cable damage probe
 

BUSINESS

Ukraine planning to resume port concessions in 2025

EIB and Societe Generale to stimulate up to €8 billion investment in wind industry
U.S. drillers cut oil and gas rigs
U.S. rig count dropped, Canada nice surprise
Massachusetts wins more than $102 million for transportation infrastructure projects
Baker Hughes oil rig count unchanged at 589, Canadian down
 

Trending Now

U.S. oil and gas rig count falls to 576

Los Angeles wildfires: Governor announces $20 million to support firestorm-impacted workers

Georgia Governor Kemp to reinforce economic partnerships in Germany and Poland

Rolls-Royce signs landmark £9 billion Unity contract with UK Ministry of Defence


POLITICS

BOEM approves construction and operations plan for SouthCoast Wind Project

Thailand signs trade deal with European nations
Mexico and EU update trade deal to counter potential U.S. tariffs under Trump administration
Trump announces plans for 10% tariff on China starting on February 1
Los Angeles wildfires: Governor announces $20 million to support firestorm-impacted workers
Historic $8 billion transportation investment to improve roads, bridges and regional transit in Massachusetts
 

Today We Recommend

Raiffeisen Bank faces €2 billion fine in Russia


Highlights 

Rolls-Royce signs landmark £9 billion Unity contract with UK Ministry of Defence

Amazon to close all Québec facilities

Los Angeles wildfires: Governor announces $20 million to support firestorm-impacted workers


COMPANIES

Rolls-Royce signs landmark £9 billion Unity contract with UK Ministry of Defence

Amazon to close all Québec facilities
Raiffeisen Bank faces €2 billion fine in Russia
Reach Subsea confirms delivery of Reach Remote 1
Corning to create 300+ jobs in North Country, New York
Lufthansa Group plans around 10,000 new hires across entire company in 2025
 

CAREERS

Keith Hale named group CEO to Unite Titian Software & Labguru (BioData)

Solithor appoints new CEO
McWin appoints Guillaume Charlin as managing partner
PrecisionLife: Bill Keating new chief commercial officer, diagnostics and healthcare
Mika Mahlberg becomes Fortaco’s president, CEO and member of board
Medicilon names Lilly Xu as chief technology officer
 

ECONOMY

Indonesia goes from $0.6 billion deficit to $5.9 billion surplus

Greece to repay $5.3 billion bailout debt early
Fraser Institute: Canada’s debt ranking falls from best in G7 to 7th worst
Kuwait reports $5.2 bln budget deficit in FY 2023-24
Eurozone reports modest Q1 GDP growth, stable annual inflation
Italy sees faster economic growth in Q1
 

EARNINGS

Ericsson Q2 sales down but North America up

Lockton revenue $3.55 billion
Motorcar Parts of America Q4 sales $189.5 million
Limoneira Q2 revenue $44.6 million
Lululemon athletica Q1 revenue increased 10% to $2.2 billion
PVH Q1 GAAP EBIT $205 million
 

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

Hong Kong suspends of poultry meat and products from areas in U.S.

Indonesia aims for food self-sufficiency in rice, corn, salt by 2026
Vietnam opens Brazilian market for salted cattle hides
Germany reports first foot and mouth disease outbreak in 35 years
UK exported enough banned bee-killing pesticides to cover area bigger than England
Hong Kong suspends import of poultry meat and products from areas in Hungary, Portugal, Korea
 

LEADERSHIP

Study: Missing a deadline has a bigger impact than you might think

Employers prefer younger job candidates for AI roles although experienced workers perform same or better
Study finds workers misjudge wage markets
Some organizations may need to expand their hierarchical structures earlier than others
Study finds there's right way and wrong way to deliver negative feedback in workplace
Allyship is critical and its needs appreciation
 

CRIME

Commission fines Pierre Cardin and its licensee Ahlers €5.7 million for restricting cross-border sales of clothing

BHP, Vale agree to pay $30B damages for Brazil dam disaster
Commission fines České dráhy and Österreichische Bundesbahnen €48.7 million over collusion to exclude common compe
SEC charges Keurig with making inaccurate statements regarding recyclability of K-Cup beverage pod
SEC charges John Deere with FCPA violations for subsidiary’s role in Thai bribery scheme
AG Bonta secures $3.9 million settlement with cryptocurrency company Robinhood
 

Magazine

TRAVEL

Radisson Hotel Group debuts in the heart of Tunisia’s capital city, Tunis

Morocco’s first Radisson branded hotel opens in Casablanca
Buna channels, an unreal and beautiful part of Bosnia and Herzegovina
JW Marriott unveils Mindful Haven with opening of JW Marriott Hotel Nairobi
Sotheby's Sports Week returns with fantastic artifacts
Red Roof properties open in Michigan
 

SEA, LAND, AIR

Citroën C3 Aircross, the most affordable compact SUV with 7 seats

2025 Chevrolet Equinox stands apart with fresh looks and capability
Hill Helicopters HX50, luxury in the sky
Opel Movano becomes fully equipped camper van
Porsche Panamera, new hybrid variants
Dodge Charger, 670 horsepower of electric
 

DESIGN

Cold night, hot fire pit, cool entertainment

Embellish your home with PVC panels
You'll have to hurry if you want one of 20 new Louis Vuitton watches
Luxury duvet looks good, fells good and keeps you healthy
Vacheron Constantin, watches for life and more
Schüller kitchens, where functionality marries design
 

GADGETS

MESA/Boogie Celebrates 40-year partnership with John Petrucci

reMarkable 2, monochrome tablet for your thoughts and your eyes
OnePlus Ace 3V, first with Snapdragon 7 Plus Gen 3
ASUS Zenfone 11 Ultra, flagship with a reason
Samsung Galaxy S24 is photography powerhouse
Casette tapes are making a big comeback, and so are portable players
 

HEALTH

Human cases of anthrax reported in western Mongolia

One more barrier to developing vaccine for HIV removed
Rwanda begins world's first clinical trial for treatment of Marburg virus disease
Rwanda restricts gatherings amid Marburg virus outbreak, to begin trials of vaccine
Teksas Attorney General reaches settlement in first-of-its-kind healthcare generative AI investigation
Potentially deadly fungal disease spreading in California
 

MEANTIME

India launches space docking experiment mission

World-first carbon-14 diamond battery made
Einstein Telescope step closer
Exoplanet-hunting telescope to begin search for another Earth in 2026
India to build first phase of its own space station by 2028
Roscosmos chief approves schedule of creating Russian orbital station through 2033