Lufthansa Sets 2024 Targets, Mulls Capital Increase 
 

Germany's Lufthansa said it aims to boost its earnings margin and return on capital employed by 2024 and outlined plans for a capital increase, as it prepares for a rebound in passenger demand.

 
H&M Sales Surge But Undershoot Forecasts 
 

Sweden's H&M posted a slightly-below-forecast 62% rise in second quarter sales, as pandemic restrictions eased, although stores in markets such as France and Germany remained closed almost throughout the quarter.

 
Philips Recalls Millions of CPAP, Ventilator Machines 
 

The company said that sound-damping foam in the breathing devices could degrade and be inhaled or swallowed.

 
Bitcoin on the Balance Sheet Is an Accounting Headache for Tesla, Others 
 

Tesla and other companies that hold the notoriously volatile cryptocurrency often must record impairment charges when its value falls.

 
Lordstown Motors' New Interim CFO Known for Turning Around Struggling Companies 
 

The Lordstown, Ohio-based company on Monday disclosed it engaged AP Services LLC, a subsidiary of AlixPartners LLP, as part of an executive reshuffling after a board report found inaccuracies in some of the firm's disclosures about truck preorders.

 
Nuclear Firm Flags Performance Issue at Chinese Plant 
 

French power giant EDF says it requested an extraordinary board meeting with Chinese managers of the Taishan nuclear plant in Southeast China to get more information on the buildup of gases inside one of the plant's reactors.

 
Crown Resorts Gets Increased Buyback Proposal From Oaktree 
 

Australian casino operator Crown Resorts Ltd. said Oaktree Capital Management has raised the size of the financing it proposes to fund a buy back of shares held by billionaire James Packer's investment firm.

 
Vaccines Offer Significant Protection Against Covid-19 Delta Variant, U.K. Analysis Shows 
 

The findings are the latest indicating that vaccines are able to protect people against new variants, despite early concerns that the variants might be able to elude them.

 
Centene Settles With States Over Pharmacy Benefits Practice 
 

The managed-care company agreed to pay about $88 million to Ohio and $55 million to Mississippi and is establishing a $1.1 billion reserve related to talks with other states.

 
Novavax Covid-19 Vaccine Is 90% Effective in Key Study 
 

An experimental vaccine from Novavax was effective at preventing symptomatic disease in adults in a large clinical trial, results that move the shot a step closer to global use.

(END) Dow Jones Newswires

June 15, 2021 03:15 ET (07:15 GMT)

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