FRANKFURT (Reuters) -German pharma firm Stada plans to launch its initial public offering (IPO) as soon as Wednesday, two people familiar with the matter said, in a test for Europe's equity markets. The drug manufacturer, majority-owned by private equity firms Bain Capital and Cinven, is preparing to issue an intention to float on the Frankfurt bourse as soon as this...

(Reuters) - The U.S. Department of Justice filed a motion last week to extend two deadlines in U.S. Steel and Nippon Steel's ( NISTF ) lawsuit against the Committee on Foreign Investment (CFIUS), U.S. Steel said in a filing on Monday. The two companies in January jointly filed a lawsuit against CFIUS, which scrutinizes foreign investments for national security risks,...

BERLIN (Reuters) - Global ratings agency Moody's on Monday downgraded Volkswagen by one notch to Baa1 from A3, citing sector headwinds, structural challenges, ongoing need for investment and fierce competition in China. The downgrade to Baa1 reflects the recent contraction in operating margin and free cash flow generation, with limited expectation of a material recovery over the next quarters, Moody's...

March 17 (Reuters) - Chemicals firm DuPont De Nemours ( DD ) said on Monday insider Jon Kemp will take over as CEO of its independent electronics unit following the planned spinoff of the business. It is also looking to appoint an external hire as chief financial officer of the unit. The company had accelerated the separation of its electronics...