Highlights: October 31, 2022 - November 6, 2022
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Nigerian growers lost 80% crop yield to pests and diseases in 2022
According to a recent report by National Agricultural Extension and Research Liaison Services (NAERLs), Nigerian farmers suffered about 80% crop losses in 2022 due to pests and diseases...Loews Q3 income decreased
Loews reported a profit for third quarter that decreased from the same period last year...CNA Financial Q4 net income cut in half
CNA Financial Corporation announced third quarter 2022 net income of $128 million, or $0.47 per share, versus $256 million, or $0.94 per share, in the prior year quarter...Hitachi net income down
Hitachi reported that its first half net income attributable to stockholders was 172.5 billion yen compared to 322.4 billion yen, prior year...Emerson to sell majority stake in Climate Technologies to Blackstone, firm valued at $14 billion
Emerson announced a definitive agreement under which it will sell a majority stake in its Climate Technologies1 business to private equity funds managed by Blackstone in a transaction valuing Climate Technologies at $14.0 billion...Hundreds of foreign investment jobs to be created at Oklahoma Air & Space Port in Burns Flat
Governor Kevin Stitt and local leaders announced that Premium Aerospace Center (PAC) will locate its international headquarters at the Oklahoma Air & Space Port complex in Burns Flat, Okla...Governor Laura Kelly cuts ribbon at Urban Outfitters distribution center
Governor Laura Kelly welcomed some of America’s most iconic retail brands – including Urban Outfitters and Anthropologie – at a ribbon-cutting for URBN’s new 1.5 million square-foot omni-channel fulfillment center in Kansas City...Governor Wolf: Roadway improvements project in Chester County will create nearly 200 jobs
Pennsylvania Governor Tom Wolf announced the approval of $3 million in new funding to East Whiteland Township for transportation infrastructure improvements along Route 30 in Chester County...Toyota profit fell 31%
Toyota said that its profit fell 31% in the last quarter...Bombardier inaugurates state-of-the-art Miami service centre, hiring maintenance technicians
Bombardier announced the official inauguration of its new Miami-Opa Locka Service Centre at the Miami-Opa Locka Executive Airport (OPF) in Miami-Dade County, Florida...Local craft distiller Traverse City Whiskey Co. expands in Traverse City
Governor Gretchen Whitmer joined the Michigan Economic Development Corporation (MEDC) to announce that Traverse City Whiskey is expanding in Traverse City with support from the Michigan Strategic Fund...Gasbarre Products will create, retain 172 total jobs in multiple Pennsylvania counties
Gasbarre Products is expanding and relocating industrial furnace systems operation from Michigan to Elk County, Pennsylvania...EY Ireland to create 900 jobs across seven offices
EY has announced the creation of 900 jobs in Ireland...Aramco Q3 income jumps significantly
Aramco announced third quarter 2022 results...Vestas Q3 revenue decreased 29 percent
In the third quarter of 2022, Vestas generated revenue of EUR 3,913m, a decrease of 29 percent compared to the year-earlier period...Yum! Brands Q3 profit decreases
Yum! Brands revealed earnings for third quarter that decreased from last year...Novo Nordisk profit increases 28%
Novo Nordisk reported that its 9 month operating profit increased by 28% in Danish kroner and by 14% at constant exchange rates to 57.7 billion Danish kroner...Thermo Fisher Scientific to buy specialty diagnostics maker Binding Site Group for $2.6b
Thermo Fisher Scientific has entered into a definitive agreement to acquire The Binding Site Group from a shareholder group led by European private equity firm Nordic Capital, in an all-cash transaction valued at £2.25 billion, or $2.6 billion at current exchange rates...Johnson & Johnson to acquire Abiomed for $16.6b
Johnson & Johnson and Abiomed announced that they have entered into a definitive agreement under which Johnson & Johnson will acquire through a tender offer all outstanding shares of Abiomed, for an upfront payment of $380.00 per share in cash, corresponding to an enterprise value of approximately $16.6 billion which includes cash acquired...Maersk Q3 revenue increased by 37%
A.P. Moller - Maersk delivered strong results in Q3 2022 with higher earnings in its three main businesses; Ocean, Logistics and Services and Terminals, compared to the same quarter last year...Inflation in Türkiye officialy 85.51%, ENAG says it's 185.34%, Erdogan satisfied
Turkey's annual inflation rate accelerated to 85.51 percent in October, its highest level since 1997, official data showed...Bombardier Q4 adjusted net loss was $172 million
Bombardier reported a fourth quarter adjusted loss per share of $0.10 compared to profit of $0.05, previous year...Credit Suisse Q3 net loss $4bn
Credit Suisse has reported a net loss of CHF4.03bn ($4bn) for the third quarter ended 30 September 2022, compared to a profit of CHF434m ($430m) for the same quarter the previous year...Stellantis Q3 net revenues up 29%
Stellantis Q3 net revenues reached €42.1 billion, up 29% compared to Q3 2021, mainly reflecting higher volumes, continued strong net pricing and favorable FX translation effects...Moderna Q3 profit plunged 69 percent
Moderna reported a profit for the third quarter that plunged 69 percent from last year...ConocoPhillips Q3 earnings $4.5 billion
ConocoPhillips reported third quarter 2022 earnings of $4.5 billion, or $3.55 per share, compared with third quarter 2021 earnings of $2.4 billion, or $1.78 per share...Norway increases support to small farmers in developing countries by 40 percent
Norway will increase its financial contribution to the International Fund for Agricultural Development (Ifad) by 40%...Enbridge Q3 earnings $1.3 billion
Enbridge reported third quarter 2022 financial results, announced $3.8 billion of newly secured growth projects, including an expansion of the T-South segment of the B.C. Pipeline, and reaffirmed its 2022 financial outlook...ImmunoGen Q3 revenues $15.4 million
ImmunoGen reported financial results for the third quarter ended September 30, 2022...Berkshire Hathaway Q3 operating earnings jump 20%
Berkshire Hathaway posted a gain in operating profits during the third quarter... ■