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Highlights: February 4 - February 7, 2019 POST Online Media

Highlights: February 4 - February 7, 2019

Staff Writer | Monday February 11, 2019 3:43AM ET
Highlights
Business week at a glance  

The most interesting business stories that marked the last week.


BBVA Compass Bancshares Q4 net income increased 276 percent

BBVA Compass BancsharesBBVA Compass Bancshares reported net income of $196 million for the fourth quarter of 2018, a 276 percent increase from the $52 million earned during the fourth quarter of 2017....

Northeast Indiana Bancorp earnings increased 22.1%

Northeast Indiana BancorpNortheast Indiana Bancorp, the parent company of First Federal Savings Bank, announced earnings increased $754,000 or 22.1% to $4.2 million ($3.49 per diluted common share) for the full year 2018 when compared to full year 2017 earnings of $3.4 million ($2.84 per diluted common share)....

Dominion Energy down to $641 million from $1.3 billion

Dominion EnergyDominion Energy announced unaudited reported earnings determined in accordance with Generally Accepted Accounting Principles (reported earnings) for the three months ended Dec. 31, 2018 of $641 million ($0.97 per share) compared with earnings of $1.3 billion ($2.04 per share) for the same period in 2017....

Julius Baer 2018 profit increased, will cut number of employees

Julius BaerJulius Baer reported that its full year 2018 IFRS net profit attributable to shareholders grew by 4% to 735 million Swiss francs and IFRS earnings per share rose by 4% to 3.37 francs....

2018 5th record-breaking year in a row for Norwegian tourism

Tourists in NorwayThere were 33.8 million guest nights in Norwegian accommodation establishments in 2018. This is 1.5 percent more than in 2017, making 2018 the 5th record-breaking year in a row....

BP 2018 profit doubles

BPBP's profit doubled to $12.7 billion (9.7 billion) in 2018, driven by strong growth in oil and gas output following the acquisition of a large portfolio of U.S. shale assets....

Rosneft revenue jumps 41.2%

RosneftRosneft 12? 2018 revenue boosted by more than 1.4 times YoY up to RUB 8,238 bn (USD 133.7 bn) mainly due to favorable world price dynamics (+41.2% in RUB terms and 31.4% in USD terms) and growth of equity share in profits of the Russian and international projects (+44% YoY)....

GM plans to invest $2.5bn in Brazil in return for tax breaks

General Motors BrazilGeneral Motors is in talks to invest 9 billion reais ($2.5 billion) in the Brazilian state of Sao Paulo over the next three years in return for tax incentives, Valor Economico has reported....

Archer-Daniels-Midland Q3 profit down to $315 million from $788 million

Archer-Daniels-MidlandArcher-Daniels-Midland (ADM) released earnings for fourth quarter that dropped from the same period last year....

ExxonMobil and Qatar Petroleum to go with Texas LNG project that could bring $31 billion

ExxonMobilExxonMobil and partner Qatar Petroleum said today they have made a final investment decision to proceed with development of the Golden Pass LNG export project located in Sabine Pass, Texas. Construction will begin in the first quarter of 2019 and the facility is expected to start up in 2024....

General Motors jumps from $5.17 billion loss to $2.01 billion profit

General MotorsGeneral Motors reported a profit for the fourth quarter, compared to a loss in the year-ago period that included a non-cash charge related to the U.S. tax reform....

Sanofi Q4 profit doubles

SanofiSanofi reported that its fourth-quarter IFRS net income attributable to equity holders doubled to 254 million euros from 126 million euros last year....

Consumer confidence jumps 33 percent in Mexico

Mexican workersConsumer confidence in Mexico jumped 32.8 percent in January compared to the same period in 2018, driven by greater optimism about the future of the economy, the national statistics institute (Inegi) said on Wednesday....

Twitter Q4 profit more than doubled

TwitterTwitter reported a profit for the fourth quarter that more than doubled from last year....

SunTrust Banks and BB&T Corporation to merge in $66 billion deal

SunTrust BanksSunTrust Banks and BB&T Corporation announced that both companies' boards of directors have unanimously approved a definitive agreement to combine in an all-stock merger of equals valued at approximately $66 billion....

 

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