Results of major companies:
- BHP: The Anglo-Australian mining giant posted a record net profit of $9.4bn in the second half of 2022, up 77% year-on-year.
- Glencore: 2021 Ebitda slightly exceeds expectations. Reuters also reports that the company has divested its stake in Russneft.
- Marriott reported Tuesday a profit for the last three months of 2021 compared to a net loss for the same period a year ago on the back of higher hotel occupancy rates.
- Royal DSM: Q4 results beat expectations, dividend raised.
In other news:
- Monster Beverage and Constellation Brands are reportedly making progress toward combining their beverage businesses, Bloomberg has learned.
- Blackstone - The U.S. private equity firm announced Tuesday a €23.7 billion recapitalization plan for Mileway, its European subsidiary specializing in "last mile" logistics.
- Intel announced Tuesday the $5.4 billion buyout of Israeli rival Tower Semiconductor to boost its production capacity amid strong demand.
- Texas authorities launched a lawsuit Monday against Facebook, a subsidiary of Meta Platforms, for collecting biometric data from millions of Texans without their consent via the group's facial recognition technology.
- Berkshire Hathaway bought $1 billion worth of Activision shares a few weeks before the Microsoft buyout.
- Also according to the Wall Street Journal, the SEC is investigating block trading by several Wall Street firms, including Morgan Stanley and Goldman Sachs.
- Elon Musk donated $5.7 billion in Tesla stock to charity in November.
- ISS and Glass Lewis urge Zendesk investors to vote against the Momentive deal.
- Ferrexpo keeps its interim CEO.
Today's main earnings reports: Airbnb, Zoetis, Glencore, Fidelity National, Marriott, Ecolab, Engie, Roblox, Alcon, Royal DSM, Straumann, Randstad, Neoen...