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Europe Top News and Analysis Germany


  • Deutsche Telekom said Thursday that its second-quarter net profit fell by 40% as it continued to lose customers from its fixed-line unit.

  • DaimlerChrysler Still has Excess Liquidity Wednesday, 8 Aug 2007 | 6:42 AM ET

    DaimlerChrysler still believes it has excess liquidity on hand but has not yet decided what to do with it, a spokesman for the world's fifth-biggest carmaker said on Wednesday.

  • Adidas Second-Quarter Income Rises 27% Wednesday, 8 Aug 2007 | 3:08 AM ET

    Adidas, Europe's biggest sports goods maker, said on Wednesday its second-quarter net income rose 27% despite nearly flat revenue because of lower brand Reebok sales and currency effects.

  • German airport operator Fraport said Tuesday second-quarter profit dipped nearly 6% largely because of rising costs and the lack of several one-off gains from last year.

  • St Gobain to Buy HeidelbergCement's Maxit Tuesday, 7 Aug 2007 | 6:28 AM ET

    St Gobain, the world's biggest building materials group, said on Tuesday it would buy clay and mortar company Maxit Group from Germany's HeidelbergCement in a deal worth around $3 billion.

  • BMW Reports Jump in July Sales Tuesday, 7 Aug 2007 | 6:28 AM ET

    BMW, the world's biggest producer of luxury automobiles, said Tuesday that sales rose in July, as well as in the January-July period, on continued demand for its BMW, Mini and Rolls-Royce brands.

  • Bayer Second-Quarter Operating Profit Rises 30% Tuesday, 7 Aug 2007 | 3:53 AM ET

    Bayer, which raised its profit guidance in June, posted a 30% rise in quarterly operating profit on Tuesday, driven by strong sales of its cancer and contraceptive drugs.

  • Munich Re Reports Rise in Second-Quarter Net Profit Monday, 6 Aug 2007 | 2:56 AM ET

    Germany's Munich Re on Monday reported a 2.2% increase in second-quarter net profit, beating expectations as a lower tax rate offset lower premiums, lower capital investment gains and higher claims.

  • BMW's Second-Quarter Profit Slips 4.3% Wednesday, 1 Aug 2007 | 4:27 AM ET

    Luxury car maker BMW said Wednesday that its second-quarter profit slipped 4.3 percent, hurt by a strong euro, rising materials costs and the costs of launching new models.

  • BASF Profit Climbs on Chemicals Demand Wednesday, 1 Aug 2007 | 3:44 AM ET

    BASF, one of the world's biggest chemical companies, said Wednesday that its second-quarter profit rose 11.3% as demand and higher prices for its products padded global sales.

  • Deutsche Bank Sidesteps Credit Crisis Wednesday, 1 Aug 2007 | 3:18 AM ET

    Deutsche Bank sidestepped the crisis in U.S. sub-prime mortgage lending to deliver the best second-quarter profit in its history on the back of a strong performance from its trading arm.

  • Germany's Jobless Rate Higher in July Tuesday, 31 Jul 2007 | 7:40 AM ET

    The ranks of the unemployed in Germany ticked nominally higher in July, rising to 8.9% from 8.8% in June, the government said Tuesday, as workers took an expected pause at the peak of the country's vacation season.

  • MAN's Second-Quarter Profit More Than Doubles Tuesday, 31 Jul 2007 | 7:26 AM ET

    Truckmaker MAN said Tuesday that improved demand in eastern Europe for its trucks along with lower costs helped its second-quarter earnings more than double as it confirmed its outlook for the rest of 2007.

  • Britain's ICI has rejected an improved 7.8 billion-pound ($15.9 billion) takeover proposal from Dutch rival Akzo Nobel, saying the 85 increase in the offer price is not enough.

  • Volkswagen to Meet 2008 Profit Target a Year Early Friday, 27 Jul 2007 | 4:58 AM ET

    Volkswagen, the world's fourth largest carmaker, will meet its 2008 pretax profit target of 5.1 billion euros ($7 billion) a year earlier than planned, the company said on Friday.

  • German Business Sentiment Slips in July Thursday, 26 Jul 2007 | 7:43 AM ET

    Business sentiment in Germany slipped in July for the third month in a row, according to a closely watched economic index released Thursday.

  • UCB Profit Fell 39% in First Half Thursday, 26 Jul 2007 | 7:15 AM ET

    Belgian drug maker UCB Group said Thursday first-half net profit fell 39% as it absorbed the cost of taking over Germany's Schwarz Pharm.

  • Siemens New CEO Starts with Disposal, Poor Third-Quarter Wednesday, 25 Jul 2007 | 9:51 AM ET

    Siemens' new chief executive made his debut on Wednesday with a politically astute disposal, a surprise acquisition but a weak set of third-quarter results, sending Siemens shares down more than 4%.

  • Merck Net Profit Tops Target Wednesday, 25 Jul 2007 | 3:43 AM ET

    Merck said second-quarter net profit slumped to 85.5 million euros ($117.9 million) from 528.5 million euros in the year-earlier period after a gain from the sale of assets last year was not repeated and as the company wrote down the value of some inventory after buying Serono.

  • Hypo Real Estate Makes Bid for Depfa Monday, 23 Jul 2007 | 5:43 AM ET

    German real-estate financing company Hypo Real Estate  has agreed to take over Dublin-headquartered Depfa Bank  in a shares-and-cash transaction that values Depfa at 5.7 billion euros  ($7.9 billion), the companies said Monday.