Deutsche Bank may face criminal investigation over spying claimsFRANKFURT — Deutsche Bank AG fired two executives and may face a criminal investigation over allegations that the company spied on a supervisory board member and a shareholder among others, officials said Tuesday. GM: 3 bids received for final offers on stake in Germany’s Opel, Britain’s VauxhallFRANKFURT — General Motors Corp. said Monday that it received three final offers from three companies for its Opel unit, but a decision was still yet to be taken. Volkswagen shares slide more than 8 percent as Porsche speculation swirlsFRANKFURT — Shares of Volkswagen AG slid Monday following a report that a plan by Europe’s biggest auto maker to buy Porsche could be derailed by hefty tax demands. German tire, car parts maker Continental says pretax profit down 91 pct in 2QFRANKFURT — German tire and car parts maker Continental AG said Monday that its pretax profit slid 91 percent during the second quarter as sales slowed on weaker demand from auto makers. German wholesale prices down 4.6 percent on year in June, biggest decline since 1968FRANKFURT — German wholesale prices fell by 4.6 percent in the year to June, the biggest annual drop in four decades, government statistics showed Monday. German airline Lufthansa to cut 400 jobs, reconsider plane orders to save moneyFRANKFURT — Airline Deutsche Lufthansa AG expects to cut 400 administrative jobs at its passenger division and will reconsider its schedule of new aircraft deliveries in a bid save euro1 billion by 2011. German chipmaker Infineon says 3Q sales slipped 18 pct from last yearFRANKFURT — German computer chipmaker Infineon Technologies AG said Thursday that its revenue for the most recent quarter fell 18 percent as customers placed fewer orders. ECB says euro system covered bond purchases around euro100 million in first weekFRANKFURT — The European Central Bank said Tuesday euro system central banks spent less than euro100 million ($140 million) in the first week of a program to purchase covered bonds from private banks. German chipmaker Infineon hopes to raise €725 million in capital hikeFRANKFURT — German computer chipmaker Infineon Technologies AG said Friday the company hopes to raise €725 million ($1 billion) in new capital through the issuance of about 337 million new shares, though didn’t announce all details of the offer. German chipmaker Infineon hopes to raise euro725 million in capital hikeFRANKFURT — German computer chipmaker Infineon Technologies AG said Friday the company hopes to raise euro725 million ($1 billion) in new capital through the issuance of about 337 million new shares, though didn’t announce all details of the offer. German exports fall 25 percent in May, while June consumer price index rises 0.1 percentFRANKFURT — German exports fell sharply in May as the global recession cut into demand, while consumer prices in June inched up somewhat, the Federal Statistical Office said Thursday. GM Europe still favors Magna for Opel, despite confirming Beijing Automotive Industry bidFRANKFURT — A GM Europe spokeswoman said Wednesday negotiations for the sale of General Motors Corp.’s Opel to Canadian autoparts maker Magna International Inc. were “further along,” while confirming it had received a bid from China’s Beijing Automotive Industry Corp. Germany’s BMW, Daimler see month-on-month sales improve, cautiously optimisticFRANKFURT — German luxury carmakers BMW and Daimler said their June sales slipped lower from a year ago, but the overall decline slowed. Both companies said they were cautiously optimistic that market may start to improve sooner than later. Germany’s Mercedes Benz Cars sees June sales levels decline 7 percentFRANKFURT — Carmaker Daimler AG’s Mercedes-Benz Cars division saw 7 percent lower sales in June as the world recession continued to affect demand, the German company said Tuesday. German iron, steel output for June falls 45 percent as recession cuts into demandFRANKFURT — German iron and steel output for June fell sharply as the world recession continued to cut into demand for the country’s machinery and car exports, the Federal Statistical Office reported Tuesday. Rheinmetall joint venture secures €3.1B order to build 405 armored vehicles for German armyFRANKFURT — The German government has contracted PSM GmbH to build 405 new Puma armored fighting vehicles for the army. German chemical company BASF looking to close half of global Ciba sites; expects job cutsFRANKFURT — BASF SE is looking at selling or shuttering half of newly-acquired Ciba Holding AG’s production sites and offices in a plan that would cost 3,700 jobs at the combined company, BASF said Monday. Rheinmetall joint venture secures euro3.1B order to build 405 armored vehicles for German armyFRANKFURT — The German government has contracted PSM GmbH to build 405 new Puma armored fighting vehicles for the army. German mail operator Deutsche Post sells remaining Deutsche Bank sharesFRANKFURT — German mail and logistics company Deutsche Post AG has sold off its remaining shares in Deutsche Bank AG, the company said Monday. European Central Bank expected to keep rate steady Thursday; remain cautious on growthFRANKFURT — The European Central Bank is expected to keep its key interest rate steady at 1 percent when it meets Thursday as it waits to see whether a massive infusion of credit into the banking system will help Europe’s struggling economy. German unemployment rate dips to 8.1 percent in JuneFRANKFURT — Germany’s jobless rate edged down to 8.1 percent in June, official figures showed Thursday, posting a weak seasonal improvement as programs to put workers on shorter hours helped stabilize employment amid a serious recession. ECB to lend record euro442 billion to banks in 12-month refinancing operationFRANKFURT — In a bid to further unclog credit markets in the euro zone, the European Central Bank said Wednesday it will lend a record euro442 billion ($617.8 billion) to banks for 12 months. In Europe, trade ties may trump outrage over Iran post-election violence, crackdownFRANKFURT — Iran is big business for Europe, whose companies sell it everything from rail equipment to turbines and even cell phone technology that has been used to block communications between protesters seeking to overturn disputed election results. With gov’ts parceling out stimulus package, Siemens looks to boost orders for green technologyFRANKFURT — German industrial conglomerate Siemens AG said Monday that it expects to garner about euro15 billion ($20.9 billion) worldwide in new orders because of more government-backed orders aimed at reducing energy consumption. German airline Lufthansa’s May traffic falls 4.4 percent to 6 million passengersFRANKFURT — German airline Deutsche Lufthansa AG said Wednesday the company’s group passenger levels in May fell 4.4 percent to 6 million people, as the global recession cut into demand. German May inflation rate at zero percent, lowest level in 22 years, as economy suffersFRANKFURT — Inflation in Germany, Europe’s biggest economy, fell to its lowest in 22 years in May as manufacturers’ revenues dropped and business failures increased, the Federal Statistical Office said Wednesday. German May inflation rate at zero percent; lowest level in 22 years Fed statistics office saysFRANKFURT — Inflation in Germany, Europe’s biggest economy, hit zero percent in May, the lowest level in 22 years, the Federal Statistical Office said Wednesday. German carmakers BMW, Audi and Daimler say May sales are down, but the news isn’t all badFRANKFURT — Three of Germany’s leading carmakers, BMW AG, Audi AG and Daimler AG said Monday that sales fell in May compared to a year earlier, but noted that the slump in the auto market was not as bad as in previous months. German carmakers BMW, Audi say May sales are down, but the news isn’t all badFRANKFURT — German carmakers BMW AG and Audi AG both said Monday that sales fell in May compared to a year earlier, but noted that the slump in the auto market was not as bad as in previous months. German carmaker BMW says May sales 18 percent lower than last year, though trend improvingFRANKFURT — German carmaker BMW AG said Monday the group sold 109,042 cars in May 2008, an 18 percent decline from the same period a year earlier. |
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