Highlights: October 17, 2022 - October 22, 2022
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Kroger and Albertsons Companies announce definitive $24.6 billion merger agreement
Kroger 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
New 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 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 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
Industrial 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
British 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
Not 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
Swiss-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 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
Amazon keeps losing employees and it’s costing the company billions, leaked report suggests....Climate change puts a billion children at extremely high risk
Some 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
Aerospace 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 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
Huawei 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
The 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
Governor 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 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 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 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%
Volvo 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 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.... ■