VW likely to place extra Traton shares after listing

Source: Dukascopy Bank SA
Frank Witter, Volkswagen's Finance Chief, announced on Monday the German carmaker is likely to place more shares of its truck unit Traton after the initial public offering, where it sought to raise up to $2.1B.
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Mon, 17 Jun 2019 14:12:56 GMT

Chanel reaffirms its independence on rising profit

Chanel, the luxury fashion group, reported on Monday its annual profits and sales rose 19.9% and 16.4% respectively, reaffirming the company's independence after Karl Lagerfeld, the fashion house's star designer, had passed away a few months ago.

Mon, 17 Jun 2019 11:20:18 GMT

Pfizer to acquire Array in $10.64B deal

On Monday, Pfizer Inc announced it would take over Array Biopharma in a deal valued $10.64B, granting the global biopharmaceutical company access to Array's cancer drugs.

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