German sportswear company Puma’s H1 operating income falls 6 pct, French parent PPR saysFRANKFURT — German sportswear company Puma AG’s operating profit for the first six months fell about 6 percent, according to the company’s parent, Paris-based retail and luxury group PPR SA. German tire and car parts maker Continental plans capital hike of euro1.5 billion ($2.1 billion)FRANKFURT — German car parts and tire maker Continental AG plans a capital increase of up to euro1.5 billion ($2.1 billion) to strengthen its balance sheet and is in refinancing talks with banks, the company said. Back to the track: Schumacher is trying to get his 40-year-old body in shape for F1 returnFRANKFURT — Michael Schumacher is trying to get his 40-year-old body in shape for his Formula One comeback next month. German car parts and tire company Continental AG reports Q2 net loss of €190 millionFRANKFURT — German car parts and tire maker Continental AG on Thursday reported a euro190 million ($268 million) loss for the second quarter as the global recession ravaged the auto market, crimping demand for its products. German airline Lufthansa 2Q net profit falls 88 percent to €40 millionFRANKFURT — Airline Deutsche Lufthansa AG said Thursday its second quarter profit fell 88 percent on a slump in sales — especially of lucrative first- and business-class seats — due to the global recession. Michael Schumacher is trying to get his 40-year-old body back in shape for return to F1FRANKFURT — Michael Schumacher is trying to get his 40-year-old body back in shape as he prepares for his Formula One comeback next month. Germany’s Commerzbank sells Swiss subsidiary to Vontobel GroupFRANKFURT — Germany’s Commerzbank AG said Thursday that it is selling a Swiss subsidiary which specializes in private banking to Vontobel Group of Switzerland. German airline Lufthansa 2Q net profit falls 88 percent to euro40 millionFRANKFURT — Airline Deutsche Lufthansa AG said Thursday its second quarter profit fell 88 percent on a slump in sales — especially of lucrative first- and business-class seats — due to the global recession. Germany’s VW says 2Q profit down 83 pct to euro283 million on dropping sales amid recessionBERLIN — Volkswagen AG says its second-quarter net profit plummeted 83 percent as sales of its cars — from Audis to Skodas — slid lower as consumers put off new car purchases worldwide during the recession. German car parts and tire company Continental AG reports Q2 net loss of euro190 millionFRANKFURT — German car parts and tire maker Continental AG on Thursday reported a euro190 million ($268 million) loss for the second quarter as the global recession ravaged the auto market, crimping demand for its products. German industrial conglomerate Siemens Q3 net profit down 7 percent to euro1.3 billionFRANKFURT — German industrial conglomerate Siemens AG said Thursday that net profit for its fiscal third quarter fell 7 percent as the global recession curbed demand for its products, which range from light bulbs to high-speed trains. German industrial conglomerate Siemens 3Q net profit down 7 percent to euro1.3 billionFRANKFURT — German industrial conglomerate Siemens AG said Thursday its net profit for its fiscal third quarter fell 7 percent as the global recession curbed demand for its products which range from light bulbs to high-speed trains. German chipmaker Infineon reports Q3 net loss of euro23 millionFRANKFURT — German chipmaker Infineon Technologies AG said Wednesday that net losses narrowed 94 percent in its fiscal third quarter as it excluded an insolvent unit from its accounts and as a broad restructuring plan began to pay off. German car parts company Schaeffler wants to save €50 million at Schweinfurt plantFRANKFURT — German car parts and ball bearing company Schaeffler KG said Tuesday it aims to save €50 million ($71 million) in personnel costs at its Schweinfurt plant, but guaranteed jobs at the facility until at least the end of June 2010. Germany’s Deutsche Bank second quarter net profit up 67 percent to €1.1 billionFRANKFURT — Deutsche Bank AG reported Tuesday a 67 percent rise in second-quarter net profit due to stronger corporate and investment banking and one-time charges that lowered the year-ago results. Shares slumped, however, due to write-downs and a cautious outlook. Euro reaches 2009 high of $1.4303 in European morning trade as investors exit dollar safetyFRANKFURT — The euro rose Tuesday to its highest point this year against the dollar, as strong economic signals led investors to riskier trades in foreign markets and equities. German airline Lufthansa wants Austrian authorities to extend Austrian Airline merger deadlineFRANKFURT — German airline Deutsche Lufthansa AG said Tuesday it has applied for a month-long extension to the deadline to merge with Austrian Airlines in order to fulfill certain obligations for the deal. German car parts company Schaeffler wants to save euro50 million at Schweinfurt plantFRANKFURT — German car parts and ball bearing company Schaeffler KG said Tuesday it aims to save euro50 million ($71 million) in personnel costs at its Schweinfurt plant, but guaranteed jobs at the facility until at least the end of June 2010. Germany’s Deutsche Bank second quarter net profit up 67 percent to euro1.1 billionFRANKFURT — Deutsche Bank AG reported Tuesday a 67 percent rise in second-quarter net profit due to stronger corporate and investment banking and one-time charges that lowered the year-ago results. Shares slumped, however, due to write-downs and a cautious outlook. Opel works council prefers Magna offer; demands more say in processFRANKFURT — The workers’ council at Opel and the country’s largest industrial union said Monday they preferred a bid for the German car company from a consortium led by Canadian auto parts maker Magna International Inc., but wanted more say in the process. German carmaker Volkswagen increased global car market share to 12 percent in first half 2009FRANKFURT — German carmaker Volkswagen AG said Friday it was able to increase its global car market share during the first six months of the year despite difficult operating conditions. Germany’s IfO business survey marks improvement in July; economy ‘gaining traction’FRANKFURT — A leading indicator of German business sentiment improved in July, suggesting the economy is stabilizing, the Ifo Business Climate Index said Friday. German drug, chemical maker Merck second quarter net profit falls 48 percent to euro109 millionFRANKFURT — German drug and chemical maker Merck KGaA said Friday its second quarter net profit fell 48 percent as higher research costs and one-time effects from the acquisition of Serono weighed on the bottom line. Deutsche Post second quarter net profit falls 71 percent to €66 million; sales fall 17 pctFRANKFURT — German mail and logistics company Deutsche Post DHL AG said Thursday its second quarter net profit fell 71 percent on weaker sales and one-time effects related to the insolvency of department store operator Arcandor AG, a close business partner. GM exec says Opel talks to continue with Magna and RHJI, no mention of China’s BAICFRANKFURT — General Motors Co. said Thursday its talks over Opel’s rescue will focus on the consortium of Canadian auto parts maker Magna International Inc. and Russian lender Sberbank and on RHJ International SA, a Belgium-based investor. Euro rises to $1.4251 in morning trading; earnings mixed; Fed warns recovery will be gradualFRANKFURT — The euro rose against the dollar Thursday as U.S. companies reported mixed earnings, while the Federal Reserve cautioned the recovery will be gradual because of rising unemployment. On the whole, the news continued to drive investors from the safety of the dollar. Deutsche Post second quarter net profit falls 71 percent to euro66 million; sales fall 17 pctFRANKFURT — German mail and logistics company Deutsche Post DHL AG said Thursday its second quarter net profit fell 71 percent on weaker sales and one-time effects related to the insolvency of department store operator Arcandor AG, a close business partner. German government begins reviewing final bids for Opel; 4 German states like MagnaFRANKFURT — Germany’s government on Wednesday began reviewing the offers for General Motors Co.’s Opel unit, with four states saying they preferred the consortium of Magna and Sberbank. German government begins reviewing final bids for Opel; decision not likely soonFRANKFURT — The German government has begun reviewing offers for General Motors Co.’s Opel unit, officials said Wednesday, though its decision and the details of a deal are not expected soon. Source: GM recommendations on Opel likely to come next week; Magna details new offerFRANKFURT — General Motors Co. is likely to choose its preferred rescuer for Germany’s Opel next week, according to a person briefed on the company’s plans, as a Canadian-Russian consortium presented its new offer for the automaker to government officials. |
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