POST Online Media Lite Edition



 

Highlights: October 17, 2022 - October 22, 2022

Christian Fernsby |
Events of the last week.

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Kroger and Albertsons Companies announce definitive $24.6 billion merger agreement

KrogerKroger and Albertsons Companies announced that they have entered into a definitive agreement under which the companies will merge....

Burrell Aviation to create up to 1,300 jobs as it announces cargo flight expansion at Doña Ana County Jetport

Burrell AviationNew Mexico Governor Michelle Lujan Grisham and Burrell Aviation CEO John Carver announced that Burrell Aviation will construct multiple new structures designed to expand cargo and distribution services, including facilities dedicated to air cargo handling, cold storage, distribution, and aircraft maintenance....

Vodafone and Altice launch 7 billion euro German broadband company

Vodafone PortugalVodafone and Altice launched a joint venture to challenge Deutsche Telekom by building a 7 billion euro ($6.8 billion) fibre broadband network in Germany....

Archaea Energy to be acquired by bp for approximately $4.1 billion

Archaea EnergyArchaea Energy has agreed to be acquired by bp for approximately $26 per Archaea Class A and Class B share in cash, or a total enterprise value of approximately $4.1 billion, including approximately $800 million of net debt. ...

U.S. industrial production rises more than expected in September

U.S. constructionIndustrial production in the U.S. increased by more than expected in the month of September, according to a report released by the Federal Reserve....

British inflation accelerates to 40-year high

UK inflationBritish food prices rose at the fastest pace since 1980 last month, driving inflation back to a 40-year high and heaping pressure on the embattled government to balance the books without gutting help for the nation’s poorest residents....

Record low water levels in U.S. southwest reduce hydropower output 20 pct in 2022

Colorado RiverNot since 1967 have water levels on the Colorado River system been as low as they are today, and the megadrought in the U.S. southwest reduced hydropower output significantly, according to experts....

MedAlliance to be acquired by Cordis for up to $1.135 billion

MedAllianceSwiss-based medical technology company MedAlliance has announced it has entered into an agreement with Cordis for an acquisition....

Continental Resources to be acquired in $27bn deal by Hamm family

Continental ResourcesContinental Resources, a publicly-listed American oil producer, has agreed to be acquired by its founder Harold G. Hamm and his family in a deal worth $27bn....

Just 30 percent of Amazon employees stay in company, firm loses $8 billion annually

AmazonAmazon keeps losing employees and it’s costing the company billions, leaked report suggests....

Climate change puts a billion children at extremely high risk

KidsSome one billion children are at "extremely high risk" due to climate change harms, a rights group warned, adding that youths' living standards failed to improve in the last decade....

New aerospace manufacturing facility coming to South Central Kansas creating 155 jobs

Pinnacle AerospaceAerospace parts manufacturer Pinnacle Aerospace will be investing $14.7 million in a new facility in Wellington, Kansas, creating 155 quality jobs....

Manna Capital Partners plans $600 million beverage manufacturing hub in Alabama, creating 280 jobs

Manna Capital PartnersManna Capital Partners plans to invest nearly $600 million to construct an advanced beverage production and distribution complex in Montgomery, Alabama....

Huawei to establish European cloud services hub in Ireland, will create 200 new jobs

HuaweiHuawei announced a €150 million investment and the creation of 200 new jobs as it plans to open its first European cloud hub in Dublin....

Logistik Unicorp gets $3.7 billion to supply operational clothing and footwear to Canadian Armed Forces

Logistik UnicorpThe Minister of National Defence, Anita Anand, announced that Logistik Unicorp based in Saint-Jean-sur-Richelieu, Quebec, has been awarded a contract to provide operational clothing and footwear to the Canadian Armed Forces (CAF). ...

$320 million in BIL funding to expand EV battery manufacturing in Louisiana, create hundreds of jobs

Syrah TechnologiesGovernor Edwards announced that two companies in Louisiana have been awarded $320 million in U.S. Department of Energy funding from the Bipartisan Infrastructure Law (BIL) to expand manufacturing of electric vehicle battery components....

Webster Financial Q3 net income $229.8 million

Webster BankWebster Financial, the holding company for Webster Bank and its HSA Bank division, announced net income available to common shareholders of $229.8 million, or $1.31 per diluted share, for the third quarter ended September 30, 2022, compared to $93.7 million, or $1.03 per diluted share, for the quarter ended September 30, 2021....

Union Pacific Q3 net income $1.9 billion

Union PacificUnion Pacific reported 2022 third quarter net income of $1.9 billion, or $3.05 per diluted share....

Santa Cruz County Bank Q3 net income up 44%

Santa Cruz County BankSanta Cruz County Bank, with assets of $1.86 billion, announced unaudited earnings for the third quarter ended September 30, 2022....

Volvo Q3 net sales increased by 35%

VolvoVolvo Q3 net sales increased by 35% to SEK 114.9 billion (85.3)....

NHS staff set to receive record pay rise of £2,205

NHS staffNHS staff are set to receive a record pay rise of £2,205 - an average 7% pay uplift - to help tackle the cost of living crisis and retain staff during the tougher winter months.... â– 


What to read next

Highlights: January 2 - January 5, 2019
Highlights: January 7 - January 12, 2019
Highlights: January 14 - January 19, 2019

Heavy snow continues in Southern Rockies

 
A significant heavy snow event is underway over portions of the central/southern Rockies and High Plains early Friday.
 
 

Latest

U.S. rig count stays same, Canadian falls
Nebraska Governor leads state delegation to Czech Republic and Germany
IQE, Inc. to add 109 jobs in Greensboro, North Carolina
CMC Electronics will create 89 new jobs in Reston, Virginia

NEWS

Spanish government announces 10.6B euro aid for flood-hit area

Excessive rainfall and flooding threat in Puerto Rico and New Mexico
Record heat in southern U.S.
Peru's ex-president Alejandro Toledo sentenced to 20 years in prison over corruption
U.S. weather: Dry in east; active pattern for west
Finland wins European Transport Safety Council’s road safety prize for 2024
 

BUSINESS

U.S. now second-largest supplier of goods to Netherlands

U.S. oil and gas rig count unchanged stays at 585
Governor Moore commends launch of double-stack rail operations at Port of Baltimore
Iran lifts ban on brand-new Apple phones import
Istanbul provides free public transport for unemployed residents
EIB backs Gran Canaria with €300 million loan for Salto de Chira hydroelectric project
 

Trending Now

Romania eyes restart of sheep exports to Morocco

IQE, Inc. to add 109 jobs in Greensboro, North Carolina

Fraport tests sustainable asphalt based on cashew nuts

€700,000 from European Globalisation Adjustment Fund will support 632 dismissed workers in Belgium


POLITICS

Australia finalises trade deal with UAE

Canada orders TikTok to close its business in country
​Sweden rejects plans for 13 wind farms over Russian missile threat
€700,000 from European Globalisation Adjustment Fund will support 632 dismissed workers in Belgium
New Jersey Governor Murphy to lead economic mission to UK
Indonesia bans sales of Google's Pixel smartphones
 

Today We Recommend

Spanish government announces 10.6B euro aid for flood-hit area


Highlights 

IQE, Inc. to add 109 jobs in Greensboro, North Carolina

CMC Electronics will create 89 new jobs in Reston, Virginia

Changi Airport to invest S$3 billion on upgrading facilities


COMPANIES

Changi Airport to invest S$3 billion on upgrading facilities

Fraport tests sustainable asphalt based on cashew nuts
Rio Tinto and China’s State Power Investment Corporation to trial battery swap truck technology
Hapag-Lloyd invests $4B in 24 new container ships
MEPPI will create at least 200 new jobs in Southwestern Pennsylvania
Solarcycle will create 640 new full-time jobs in Polk County, Georgia
 

CAREERS

President and CEO of Fortaco to retire

Stellantis leverages its management organisation
African Development Bank appoints director general for East Africa
Mars announces new leadership within its petcare business
OCI Global announces leadership changes
Ethypharm appoints Éric Chevalier as group human resources director
 

ECONOMY

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
Slovenia's economy expected to grow 0.9 pct in Q1
Italy faces deficit infringement procedure
 

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

Albania fights bird flu with poultry import ban

Romania eyes restart of sheep exports to Morocco
U.S. confirms H5N1 bird flu in swine for first time
Bluetongue outbreaks escalate in Czech Republic
French farmers to resume nationwide protests in November
Greece on alert after outbreak of sheep pox
 

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

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
Italy issues $6.4 million fine over Chinese cars badged as Italian
 

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

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
First mpox vaccines arrive in Africa
 

MEANTIME

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
Potentially habitable 'exo-Venus' with Earth-like temperature discovered
Rare species of wild bees discovered in Berlin