Oasmia Pharmaceutical AB rose the most in more than three months after the biotechnology company said its manufacturing plant in Sweden passed a pre-approval inspection by the U.S. Food and Drug Administration.
Sotheby’s shareholder Marcato Capital Management LLC wants the auction house to sell its New York and London properties and use short-term debt to fund some operations to free up $1.3 billion in cash, the Wall Street Journal reported.
Alice Munro, this year’s winner of the Nobel Prize in Literature, won’t travel to Stockholm in December to receive the prize, Peter Englund, permanent secretary of the Swedish Academy said in a blog posting today.
KKR & Co. and Permira Advisers LLP are selling 25 million shares in ProSiebenSat.1 Media AG, a stake valued at more than 760 million euros ($1 billion). The stock fell as much as 8.1 percent in Frankfurt today.
Mali’s military junta agreed to hand over power to a temporary government that will organize elections, paving the way to lift sanctions that threatened to worsen a food crisis in the West African nation.
Trelleborg AB, the world’s biggest maker of vibration-dampening gear, reported first-quarter profit that beat analyst expectations as cost cuts offset declining sales and a joint-venture added to income.