POST Online Media Lite Edition



 

Highlights: January 14 - January 19, 2019

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

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Namibia, Zimbabwe, Mozambique ban South African meat imports

South Africa cowThe ministry of agriculture of Namibia announced that all imports and movement of cloven hoofed animals have been suspended with immediate effect following a foot and mouth disease outbreak in South Africa....

PG&E initiates voluntary reorganization cases under Chapter 11

PG&EPG&E Corporation said it remains committed to providing safe natural gas and electric service to customers as it prepares to initiate voluntary reorganization proceedings under Chapter 11....

CapitaLand buying logistics and industrial assets from Temasek for $4.4 billion

CapitaLandSingapore's CapitaLand is giving ($4.4 billion) to buy logistics and industrial assets from Temasek....

Newmont Mining Corporation to buy Goldcorp in $10 billion deal

Newmont MiningNewmont Mining Corporation and Goldcorp announced they have entered into a definitive agreement in which Newmont will acquire all of the outstanding common shares of Goldcorp in a stock-for-stock transaction valued at $10 billion....

SSE completes Ł970m Caithness-Moray subsea transmission project in Scotland

Caithness-MorayScottish and Southern Electricity Networks Transmission (SSEN Transmission), the wholly-owned subsidiary of SSE plc, has completed the construction, commissioning and energisation of the new Caithness-Moray electricity transmission link....

German 2018 growth weakest in 5 years

Germany factoryGermany's economy grew for a ninth year in 2018, but at the slowest pace in five years, largely driven by domestic demand, preliminary data from the Federal Statistical Office showed on Tuesday....

Empire State manufacturing index worst in more than year

Empire State manufacturingBusiness conditions in the New York region deteriorated much more than expected in January, according to a survey from the New York Fed....

Fiserv to buy First Data Corporation in $22 billion stock deal

First Data CorporationFiserv and First Data Corporation announced that their boards of directors have unanimously approved a definitive merger agreement under which Fiserv will acquire First Data in an all-stock transaction....

Bank Of America Q4 profit surges

Bank Of AmericaBank of America reported fourth-quarter net income of $7.3 billion, up 208% from prior year, driven by continued strong operating leverage and asset quality, as well as the benefit of tax reform impacting 2018....

First Community Corporation posts record earnings, up 93.1%

First Community BankFirst Community Corporation, the holding company for First Community Bank, reported net income for the fourth quarter and year end of 2018....

McDonald’s not allowed to sell Big Mac in EU, big day for Supermac

Big MacMcDonald’s has had its famous “Big Mac” trademark cancelled across the European Union, after a successful challenge from small Irish burger chain, Supermac....

UK housing market outlook worst on record

UK homeThe outlook for the UK housing market over the next three months was the worst on record in December as uncertainty over Brexit took its toll, according to the latest survey from the Royal Institution of Chartered Surveyors....

Salesforce announces Tower Dublin, to employ 1,500

SalesforceSalesforce announced Salesforce Tower Dublin, significantly expanding the company's regional headquarters in Ireland....

Kansas City Southern earnings down to $161.1 million from $551.7 million

Kansas City SouthernKansas City Southern (KSU) revealed a profit for fourth quarter that declined from last year....

U.S. consumer morale lowest in two years

consumer moraleU.S. consumer sentiment tumbled in early January to its lowest level since President Donald Trump was elected....

Philippine financial service firm data breach hit 900,000 clients

Cebuana LhuillierPawnshop chain Cebuana Lhuillier on Saturday said it discovered a data breach that affected personal information of around 900,000 clients....

Ukraine says it lost $32 billion from gas contracts with Russia

Andriy KobolevUkraine's state-run energy company Naftogaz estimates its economic damage from the 2009 gas contracts with Russia at 32 billion U.S. dollars, the company's chairman Andriy Kobolev said.... â– 


What to read next

Highlights: October 25 - October 28, 2018
Highlights: September 17 - September 23, 2018
Highlights: September 10 - September 14, 2018

Flooding concerns in Puerto Rico; thunderstorms across southeast U.S.

 
The main weather feature and focus for showers and thunderstorms through this weekend will be a cold front progressing across the East and stalling between the Southeast and southern Texas.
 
 

Latest

Concept Medical announces enrollment of first patient in "MAGICAL-ISR" ide study in U.S.
U.S. oil rig count up by 5 to 511
Rhode Island Governor, State Police promote safe travel across Washington Bridge
Governor Abbott met with Samsung executives to discuss billions invested in Texas

NEWS

California: Nearly 500 arrests, 160,000 stolen goods recovered in just 3 months

Romania: EPPO probes public officials in investigation into €160 000 fraud involving employment funds
EPPO: 3 convicted of evading €3.1 million in customs duties on imported e-bikes
Romania: EPPO conducted searches in investigation into €1.7 million fraud involving irrigation systems
U.S.: Pacific storm over west
4.8 magnitude earthquake rattles New Jersey and New York
 

BUSINESS

U.S. drillers cut oil and gas rigs to 620

Australia: East coast gas surplus expected in Q3 2024
Kuwait-Saudi rail link to be ready by 2028, says report
Cambodia approves investment projects worth $2.2 in Q1
Venice to charge day trip tourists 5 euros
Commission opens two in-depth investigations in solar photovoltaic sector
 

Trending Now

Coca-Cola Company to create approximately 250 new jobs in Town of Webster

Governor Abbott met with Samsung executives to discuss billions invested in Texas

Egypt to establish free zone for yachts along Red Sea coast

Johnson & Johnson Q1 earnings $5.3bn


POLITICS

Egypt to establish free zone for yachts along Red Sea coast

UK Exports Minister visits Latin America to boost trade and unlock billions worth of exports
Argentina, Brazil in talks to reverse Bolivian gas pipeline amid shortage
Trudeau offers $6 billion to provinces to build housing
€1 billion Greek State aid measures to support renewable energy generation and storage projects
North Carolina reaches electric vehicle registration goals two years early
 

Today We Recommend

Egypt to establish free zone for yachts along Red Sea coast


Highlights 

Nokia Q1 sales down

UnitedHealth Q1 $99.8 billion

Johnson & Johnson Q1 earnings $5.3bn


COMPANIES

Coca-Cola Company to create approximately 250 new jobs in Town of Webster

99 Cents Only Stores to close all 371 stores
Alaska Airlines says Boeing paid $160 mln for 737 Max 9 grounding
Lindsay announces agreement to acquire minority interest in Pessl Instruments
Saint-Gobain to acquire Bailey for $650 million
Farmers Mutual Hail to acquire Global Ag from AXA XL
 

CAREERS

MainStreaming appoints Tassilo Raesig as COO

BioArctic AB proposes for election board members and chairperson
TerraPay names Marco Boldini as EVP and global head of governmental affairs
Farmers Insurance appoints John Griek as CFO
PA Media Group appoints Emily Shelley as new CEO
BioNTech appoints Annemarie Hanekamp as chief commercial officer
 

ECONOMY

Slovenia's economy expected to grow 0.9 pct in Q1

Italy faces deficit infringement procedure
Real GDP increased in all 50 U.S. states
Inflation continues to decline in Germany
UK house prices log unexpected fall
South Korea's FDI logs double digit growth in Q1
 

EARNINGS

Nokia Q1 sales down

UnitedHealth Q1 $99.8 billion
Johnson & Johnson Q1 earnings $5.3bn
Dollarama Q4 sales increased 11.3%
Conagra Brands Q3 sales decreased 1.7%
Liebherr finished 2023 business year with record revenue of €14,042 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

FAO Food Price Index rises in March

Australia grants license for GM bananas amid Fusarium Wilt TR4 concerns
Indian government allows exports of 10,000 tons of onions to UAE
Analytical survey: Sales of agricultural lands in Ukraine up 50% in February
Decline in Norwegian seafood exports in Q1
Tanzania's first fishing harbor to be completed in 2025
 

LEADERSHIP

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
Generating 'buzz' about new products can influence their success
Hiring 'problem directors' can knock up to 64% off firm's value
 

CRIME

HSBC pays penalties for alleged breaches of Consumer Data Right rules

Sanofi to settle thousands of Zantac cancer lawsuits
Former asset manager and board member of Geneva private bank referred to Swiss Federal Criminal Court
South Africa: SAP ordered to pay SIU $26m over 'invalid' Eskom contracts
Former Steinhoff director appears in court for $1.1b fraud, racketeering
Genesis agrees to pay $21 million penalty to settle SEC charges
 

Magazine

TRAVEL

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
Treyam, your premier lagoon destination in Saudi Arabia
San Francisco: SkyStar wheel on Fisherman’s Wharf to stay for another 18 months
 

SEA, LAND, AIR

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
Pagani Huayra R Evo, 900 hp from 770 Nm
 

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
SchĂĽller kitchens, where functionality marries design
 

GADGETS

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
Neumann TLM 103, standard microphone for both voice and music
 

HEALTH

India launches first home-grown gene therapy for cancer

UK scientists win funding for 'cancer detecting' Lollipops
State to cover rare disease treatment costs in Bulgaria
Type 1 diabetes patients in England to receive 'artificial pancreas' as medication
Pilot study shows ketogenic diet improves severe mental illness
Texas reports possibly U.S. first human case of bird flu linked to cattle
 

MEANTIME

Rare species of wild bees discovered in Berlin

SLAC completes construction of largest digital camera ever built for astronomy
Solar eclipse next week in U.S., Mexico and Canada
Gravitational waves may have made human life possible
Astronomers unveil strong magnetic fields spiraling at the edge of Milky Way's central black hole
Scientists on hunt for evidence of quantum gravity's existence at South Pole