Midday Corporate Dispatch – Financial and Corporate News

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Eurozone wage growth accelerated at its fastest pace in a decade in the first quarter, underpinning the region’s economic expansion even as the export-led manufacturing sector suffers amid weakening global trade. – FT

Wall Street analysts are eagerly anticipating Facebook’s possible unveil of its long-awaited cryptocurrency payments plan on Tuesday. According to various reports the company is preparing to finally reveal what it calls Project Libra with partners including Visa and Mastercard. – CNBC

French billionaire Patrick Drahi is buying Sotheby’s for $2.7 billion, ending the storied auction house’s 31-year run as a public company as it seeks to expand its digital business.  WSJ

Swedbank has ousted the chief executive and finance director of its Estonian operations as part of its internal investigation into extensive money laundering allegations against Sweden’s oldest bank in the Baltics.  – FT

Pfizer agreed to buy Array BioPharma for $10.64 billion in cash, as the pharmaceutical company looks to expand its pipeline of cancer therapies. – WSJ

Microsoft on Monday said it has resumed sales of Huawei laptops on its website after a weeks-long stoppage. – CNBC

Airbus SE said it will develop its longest-range single-aisle plane yet, adding pressure on U.S. rival Boeing Co., which plans a jet for the same market but is distracted by its 737 MAX crisis. – WSJ

Boeing on Monday said it struck a “first of its kind” deal to boost its revenue beyond manufacturing airplanes: supplying parts for aircraft made by its main rival, Airbus. – CNBC

KPMG to pay $50m penalty as it reaches settlement with SEC after being charged with ‘ethical failures’ over altered audits – FT

US Colleges should provide lessons in mandatory financial literacy courses and financial-aid letters that itemize attendance costs, according to a new report from a federal government commission. – Market Watch

Shares in Europe’s leading airline groups – including Ryanair and Aer Lingus-owner IAG – plummeted on the back of a profit warning from German carrier Lufthansa. Via Irish Examiner

via CI Consulta Advisory BeInformed Service 


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