Good morning, Quartz readers!
What to watch for today
Europe’s largest IPO in 12 months. Trading begins in shares of Aena(paywall), a state-controlled Spanish airport operator, which raised €4 billion ($4.5 billion) when sold a minority stake on the Madrid exchange, valuing the company at €8.7 billion.
Earnings reports. Companies reporting include: Banco do Brasil, Cisco, PepsiCo, Tesla Motors, Whole Foods, and Time Warner.
While you were sleeping
A UK chipmaker celebrated strong earnings. ARM Holdings, a key supplier for the iPhone and “internet of things” devices, said fourth-quarter pre-tax income rose 25% to £118.9 million ($182 million), thanks to a growing number of companies licensing its semiconductor designs (paywall). Revenue rose 19% to £225.9 million.
Samsung put its faith in screens. The South Korean technology company announced it would spend 4 trillion won ($3.6 billion) developing OLED displays for smartphones and tablets, as its own smarthphone unit struggles to maintain market share. The company will reportedly release a new Galaxy S handset next month featuring a three-sided glass display.
Asiana bought 25 aircraft from Airbus. The Seoul-based airline signed a $2.8 billion contract with the European aircraft maker, nearly doubling the 36 it already has on order.
Australia foiled a terrorist attempt. Police arrested two men in a raid on a Sydney home. They found a homemade ISIL flag, a machete, and a video of the men talking about an attack planned for this week.
News anchor Brian Williams was suspended. The NBC Nightly News host has been ordered off the air for six months without pay for embellishing a story about a helicopter ride in Iraq. Analysts are skeptical that Williams, whose show is the most-watched US newscast, can return to TV.
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Quartz obsession interlude
Lily Kuo on how countries react to the love holiday. “Tongue-in-cheek ‘Anti-Valentine’s Day’ parties are de rigueur in cities from Los Angeles to Singapore these days. But in some other parts of the world, opposition toward the holiday runs much deeper and is tangled up in politics, religion, and national identity.” Read more here.
Matters of debate
Binyamin Netanyahu shouldn’t speak to the US congress.Derailing negotiations with Iran will hurt Israel (paywall).
Surprising discoveries
This is what a gorilla punch looks like. A photographer was waylaid by a mountain gorilla drunk on bamboo stems.
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