Highlights: May 2, 2022 - May 7, 2022
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New Jersey's first offshore wind project to create hundreds of jobs
New Jersey Governor Phil Murphy announced that the New Jersey Economic Development Authority (NJEDA) signed a Letter of Intent (LOI) with Orsted Offshore North America for New Jersey's first offshore wind project, Ocean Wind 1...Focus Foods announces 100-job expansion in Louisiana
Focus Foods announced a $1.7 million expansion and relocation from its Celtic Studios base of operations to a larger site in Baton Rouge, Louisiana...Norsk Hydro bids EUR 232 million for Alumetal
Hydro has announced its bid for the acquisition of Alumetal, one of the biggest manufacturers of secondary aluminium casting alloys and primary alloys based in Poland...Turkey's exports peak to new daily record of nearly $2b
Turkey's daily export volume surged to a new record of nearly $2 billion on Friday, according to Trade Minister Mehmet Mus...Shell to acquire Solenergi Power for $1.55 billion
Shell Overseas Investment has agreed to acquire 100% of Solenergi Power for $1.55 billion and, with it, the Sprng Energy group of companies...G-III to acquire Karl Lagerfeld for $210m
G-III Apparel Group said it has agreed to acquire the remaining 81% stake in Karl Lagerfeld for $210 million in cash, becoming the sole owner...Hydro Q1 EBITDA doubles
Hydro's adjusted EBITDA for the first quarter of 2022 was NOK 11,165 million, up from NOK 5,182 million for the same quarter last year, resulting in a 12-month rolling Adjusted RoaCE of 23 percent...Vestas Q1 loss 765 million euros
Vestas first quarter loss was 765 million euros, compared to last year's loss of 64 million euros...Bp Q1 loss $20.4 billion
Bp reported loss for the quarter was $20.4 billion, compared with a profit of $2.3 billion for the fourth quarter 2021...Pfizer Q1 revenues $25.7 billion
Pfizer reported strong financial results for first-quarter 2022...HUGO BOSS Q1 sales increased 52%
In the first three months of 2022, HUGO BOSS continued its strong financial and operational performance, posting significant top- and bottom-line improvements year-on-year...Maersk Q1 revenue up 55pct
Maersk delivered record results for Q1 2022 across its businesses...ExxonMobil to sell Romanian affiliate for more than $1 billion
ExxonMobil has reached an agreement to sell its Romanian upstream affiliate, ExxonMobil Exploration and Production Romania, to Romgaz for more than $1 billion, subject to Romanian government approvals...Equinor Q1 adjusted earnings $18.0 billion, impairments related to Russia $1.08 billion
Equinor reports adjusted earnings of USD 18.0 billion and USD 5.18 billion after tax in the first quarter of 2022...Austria's OMV sells filling stations in Germany for $511.5M
OMV and EG Group have concluded the transaction in which OMV sold its filling station business in Germany to EG Group...Petrobras to invest $16 billion to renovate Campos basin
Petroleo Brasileiro SA (Petrobras) will invest $16 billion to renovate the Campos basin, offshore Brazil, with plans to install three new Floating production storage and offloading (FPSOs) and interconnect more than 100 oil rigs in the area over the next 5 years...ERIS Lifesciences to acquire Oaknet Healthcare for $906 million
ERIS Lifesciences will acquire 100% stake in Oaknet Healthcare at an equity valuation of Rs 650 crore ($906 million)...Price increases deliver export record for Norwegian seafood in April 2022
Norway exported seafood worth NOK 11.3 billion in April...Shell Q1 earnings $5.03 billion
Shell reported that its first quarter CCS earnings attributable to shareholders increased to $5.03 billion from $4.34 billion, prior year...BMW Q1 profit soars 256 percent
BMW reported that its first quarter Group net profit surged 256 percent to 10.19 billion euros from last year's 2.83 billion euros...Gentherm to acquire Alfmeier's automotive business for 177.5 million euros
Gentherm announced that it has entered into a definitive purchase agreement to acquire the automotive business of Alfmeier Prazision...Air France KLM Q1 net loss 552 million euros
Air France-KLM reported that its first quarter net loss Group part was 552 million euros, narrower than last year's 1.48 billion euros...Tri-City Extrusion to expand in Bristol, Tennessee, employ nearly 200
Tri-City Extrusion announced the company will invest $30.8 million to expand its manufacturing operations in Northeast Tennessee...Lufthansa more than doubled its revenue
The Lufthansa Group recovered from the spread of the Omicron variant over the course of the first quarter of 2022...Lewis Lumber and Milling to create 100 jobs in Clarion County with first manufacturing operation in Pennsylvania
Lewis Lumber and Milling, Inc., a producer of unfinished hardwood wide plank flooring, cabinet moldings and components, is opening its first manufacturing operation in Pennsylvania and will create 100 new jobs in Clarion County...Intercontinental Exchange to buy Black Knight in US$13.1 billion deal
Intercontinental Exchange said it will acquire Black Knight in a deal valuing the mortgage-lending software and data analytics firm at $13.1 billion...Shopify will acquire Deliverr for $2.1 billion
Shopify announced that it will acquire Deliverr, a San Francisco, California-based ecommerce fulfillment startup, for $2.1 billion in cash and stock...Governor: Growth projects pumping $7.7 billion in new investment into Alabama, generating over 10,000 jobs
Governor Kay Ivey announced that economic development activity across Alabama surged during 2021, with a new report showing that projects launched during the year will inject $7.7 billion in capital investment and nearly 10,200 jobs into the state's strengthening economy...Credit Agricole Q1 net income fell 47.2%
Credit Agricole posted a sharp fall in first quarter profit...Louisiana: Entergy announces 170-job expansion of West Monroe customer service center
Entergy Corporation is expanding its northeast Louisiana contact center to triple the number of customer care representatives as part of its commitment to provide high levels of service and communication with its 2.9 million utility customers in four states...Loblaw Q1 revenue increased $390 million
Loblaw announced its unaudited financial results for the first quarter ended March 26, 2022... ■