BERLIN (Reuters) -Lufthansa slashed its 2024 earnings outlook on Monday, blaming a series of strikes and a slower than planned ramp-up of capacity, in a profit warning that sent its share price sliding by more than 4% to a five-month low. The German flag carrier now expects adjusted earnings before interest and taxes (EBIT) of 2.2 billion euros ($2.3 billion)...

11:19 AM EDT, 04/15/2024 (MT Newswires) -- Soligenix ( SNGX ) shares rose 58% recent Monday trading after the company said the active ingredient in MarVax received an orphan drug designation from the US Food and Drug Administration. The active ingredient in MarVax, the subunit protein vaccine of recombinantly termed Marburg marburgvirus glycoprotein, received the designation for the prevention and...

(Reuters) - Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri Holdings ( CPRI ) has received regulatory clearance from the European Union and Japan, the companies said on Monday. The merger, which would bring top luxury labels such as Tapestry's Kate Spade, Stuart Weitzman and Capri's Jimmy Choo and Versace under one roof, still awaits approval...

11:18 AM EDT, 04/15/2024 (MT Newswires) -- Transcat ( TRNS ) said Monday it acquired privately held rental tools and services provider Becnel Rental Tools LLC for $50 million in a cash-and-stock deal. The purchase price included $32.5 million in company stock and $17.5 million in cash and is subject to certain customary holdback provisions, the company said. Transcat (...