(Reuters) - German truckmaker Traton, majority-owned by Volkswagen, on Friday posted a 7% rise in first-half operating profit buoyed by higher prices, even as demand remained lacklustre in Europe. Operating profit rose to 2.1 billion euros ($2.3 billion) on sales revenue up 2% to 23.4 billion euros, while unit sales fell 5%. Traton's operating margin rose to 9.1% from 8.6%...

05:18 AM EDT, 07/26/2024 (MT Newswires) -- Karooooo ( KARO ) said Friday Chief Executive Isaias Jose Calisto has terminated the secondary public offering of ordinary shares, first announced on July 24. The company said despite strong investor interest and oversubscription, Calisto decided to halt the offering due to recent market changes affecting the share price. As a result of...

05:23 AM EDT, 07/26/2024 (MT Newswires) -- Heritage Commerce ( HTBK ) said late Thursday its board has approved a $15 million share repurchase program. The program is set to expire on July 31, 2025, unless suspended or terminated earlier. Price: 10.63, Change: -0.08, Percent Change: -0.75 ...

05:23 AM EDT, 07/26/2024 (MT Newswires) -- AbbVie ( ABBV ) said Friday the European Commission has approved Skyrizi for treating adult patients with moderately to severely active ulcerative colitis, a chronic inflammatory bowel disease. The marketing authorization for Skyrizi marks its fourth approved indication in the European Union, the company said. The medication is for patients who have had...