ROUNDUP: Boeing CEO Calhoun to step down at the end of the year - share price rises

ARLINGTON - The struggling aircraft manufacturer Boeing is initiating a change at the top of the company just a few weeks after a near disaster. Boeing CEO Dave Calhoun will step down at the end of the year, the US competitor of European aircraft manufacturer Airbus announced in Arlington on Monday. The flight of a Boeing 737-9 Max from Alaska Airlines on January 5 was a turning point for the company, Calhoun wrote to employees. "The eyes of the world are on us." The news was well received on the financial market.

ROUNDUP 2: EU Commission increases pressure on tech giants - new law in force

BRUSSELS - The EU Commission is opening proceedings against Apple, Google's parent company Alphabet and Facebook's parent company Meta. The aim is to investigate whether the companies have violated EU rules, as the authority announced on Monday.

ROUNDUP: EU Commission continues to block Lufthansa takeover of Ita

BRUSSELS - The EU Commission continues to have reservations about Lufthansa's planned acquisition of the Italian airline Ita. It is currently of the opinion that the planned deal could restrict competition on certain routes in and out of Italy, the Commission announced on Monday. The authority fears that customers could suffer from rising prices or poorer quality of service after the takeover. This means that the multi-million euro project cannot be completed for the time being.

ROUNDUP: Delivery Hero CFO moves to fintech Wise - share price plummets

BERLIN - Emmanuel Thomassin, who has been Delivery Hero's CFO for many years, is moving to the British fintech Wise in the same role. The manager will start at the money transfer provider on October 1, Wise announced in London on Monday. Shortly beforehand, Delivery Hero had announced that the manager would remain in his current position until the end of September 2024 after a good ten years. The Supervisory Board is already looking for a successor, the MDax-listed company also announced in Berlin. The Delivery Hero share recently fell by 4.5 percent following the news.

Novo Nordisk buys biotech company Cardior from Hanover

HANNOVER - The Danish pharmaceutical group Novo Nordisk is acquiring the biotech company Cardior Pharmaceuticals from Hanover for more than one billion euros. Both companies have agreed that Novo Nordisk will pay up to 1.025 billion euros for the start-up, according to a joint announcement on Monday. Novo Nordisk, known primarily for its diabetes business and the weight-loss drugs Wegovy and Ozempic, intends to strengthen its presence in the field of cardiovascular diseases. The focus is particularly on a promising drug from the Hanover-based company for heart failure.

Stroer plans to pay dividend at previous year's level

COLOGNE - The outdoor advertising specialist Stroer intends to pay its shareholders a dividend for the past year at the previous year's level. As the company will continue to grow "sustainably and profitably" in the coming years, a dividend of EUR 1.85 per share will be proposed to the Annual General Meeting, the MDax-listed company announced in Koln on Monday. On average, analysts had more in mind. The Stroer share fell slightly on Monday morning.

Laboratory chain Synlab earns significantly less in 2023 - cancels dividend

MUNICH - Europe's largest laboratory chain Synlab is struggling with rising costs and the sharp decline in Covid tests in 2023. Although the Group is countering this with savings, price increases and sales of parts of the company, it was unable to avoid a decline in sales and earnings for the year as a whole. As Synlab announced in Munich on Monday, revenue fell to 2.64 billion euros in 2023, compared to 3.25 billion euros in the previous year. The operating result (adjusted EBITDA) fell from 753.4 million euros to 437.9 million euros. Meanwhile, the planned takeover by financial investor Cinven is still dragging on.

ROUNDUP: Arbitration for Lufthansa ground staff behind closed doors

FRANKFURT - Since Monday, the mediators have had the floor in the deadlocked wage dispute for Lufthansa ground staff. Thuringia's Minister President Bodo Ramelow (Die Linke) and the former head of the Federal Employment Agency, Frank-Jürgen Weise, met this morning with representatives of the company and the trade union Verdi in a hotel at Frankfurt Airport. An official start was deliberately avoided, as Lufthansa confirmed. Strikes are not permitted during the arbitration process, which is due to end on Maundy Thursday at the latest.


Further news

-Ampel factions disagree on demands from German solar companies

-Financial experts expect further bankruptcies after Douglas

-Fewer goods transported by inland waterway vessels

-Fashion house Valentino loses creative director Piccioli

-Reports: Trump returns to stock market with lucrative media deal

-Lufthansa subsidiary AUA threatens strike at the start of Easter

-'FT': China swaps government computers with Western chips

-UK wants to invest in the future of the nuclear industry

-Seven lignite-fired power stations face final closure

-Sky boss on TV rights auction: Disciplined and rational behavior

-Study: High discounts to boost sales of combustion engines

-Railway commissioner: Don't delay general refurbishment

-Baywa r.e.: Construction of green power plants still takes years

-Manufacturer: Train achieves record distance with hydrogen drive

-Sports economist Breuer: DFB's change of supplier is 'without alternative'

-Pilots' strike at Brussels Airlines averted

-Rail competitors demand sale of own tickets on DB Navigator

-Lindner reaffirms no to solar subsidies

-Lamy: Employment guarantee for employees in Germany

-Deloitte: Germany facing a wave of restructuring

-Scholz sees strategic importance in new Northvolt battery factory

-Radio: Several presidents of eastern German state parliaments emphasize contribution stability

-Press: Stadler could become major shareholder of Spanish train manufacturer Talgo

-Cartel authority approves takeover of Rügenwalder Mühle

-ROUNDUP/Meat prices: Majority would pay for more animal welfare

-Telegram blockade suspended in Spain

-Dismissal of Amazon works council head is legal°

Customer tip:

ROUNDUP: You can read a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.