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Europe Top News and Analysis Germany


  • Premiere Jumps on Soccer Deal Prospects Friday, 6 Jul 2007 | 12:37 PM ET

    Shares in German pay-TV broadcaster Premiere rose 5% Friday, bolstered by media reports the company would buy rights to broadcast German Bundesliga soccer games.

  • Court Rejects Moncrief Suit Against BASF Thursday, 5 Jul 2007 | 6:59 AM ET

    A German court on Thursday rejected a lawsuit by Moncrief Oil International that sought to void a joint venture between BASF and Gazprom to develop a Siberian gas field.

  • EU regulators fined Spain's Telefonica 151 million euros ($205 million) on Wednesday, claiming the company unfairly squeezed rivals by setting wholesale Internet prices too high to allow them turn a profit.

  • Siemens' New CEO Loescher Replaces Kleinfeld Friday, 29 Jun 2007 | 7:22 AM ET

    Nokia said Klaus Kleinfeld, the president and chief executive of Siemens, has resigned from the board of Nokia Siemens Networks, as of July 1.

  • German May Retail Sales Down 1.8% Friday, 29 Jun 2007 | 3:02 AM ET

    German retail sales declined 1.8% in real terms in May compared with April and fell 3.7% from May last year, according to preliminary figures from the Federal Statistics Office.

  • Bayer CEO Signals Break from Major M&A Activity Friday, 29 Jun 2007 | 2:40 AM ET

    Bayer CEO Werner Wenning signalled that the company is set to take a break from big acquisitions after a spate of deals that have catapulted it into leading positions in healthcare and crop science.

  • German Unemployment Drops to Below 9% Thursday, 28 Jun 2007 | 4:52 AM ET

    Germany's unemployment rate continued to improve in June, falling to 8.8% from 9.1% the month before in another reflection of better times in Europe's biggest economy.

  • Germany's ProSieben Buys SBS for $4.4 Billion Wednesday, 27 Jun 2007 | 3:39 AM ET

    German TV broadcaster ProSiebenSat.1 Media said on Wednesday it bought rival SBS Broadcasting for 3.3 billion euros ($4.4 billion).

  • Porsche Raises Full-Year Pretax Profit Forecast Tuesday, 26 Jun 2007 | 3:30 AM ET

    Porsche said it expects its full year to July 31, 2007 pretax profit to be "significantly" better than the 2.1 billion euros ($2.8 billion) posted in the previous business year.

  • Business sentiment in Germany slipped in June from the month before, according to the closely watched Ifo index, but remained near historic highs as Europe's biggest economy kept growing.

  • Volkswagen, Europe's biggest automaker by sales, said Thursday that deliveries of new cars in the first five months of 2007 were up 7.6% from last year, with 2.5 million sold amid rising demand in Europe and Asia.

  • German Producer Prices Rise Faster Than Expected in May Wednesday, 20 Jun 2007 | 3:25 AM ET

    Producer prices rose faster than expected in Germany in May, driven particularly by increases in the cost of intermediate products, the government statistics office reported Wednesday.

  • The chief executive of PPR, the French company acquiring Puma, was named chairman of the athletic apparel maker's supervisory board, the company said Tuesday.

  • Germany's Bayer Raises Profit Outlook, Lifts Shares Tuesday, 19 Jun 2007 | 12:00 PM ET

    German drugs and chemicals group Bayer raised its profit outlook on strong sales of drugs such as multiple sclerosis treatment Betaseron and higher savings from the integration of Schering, sending its shares higher.

  • Police raided the offices of Germany's Air Berlin as part of an investigation into claims of insider trading ahead of its acquisition of rival dba last year, the carrier said Tuesday.

  • German Investor Confidence Slips Unexpectedly in June Tuesday, 19 Jun 2007 | 7:09 AM ET

    Investor and business confidence in Germany slipped unexpectedly in June, putting a halt to six straight months of increases, with development in Europe's biggest economy expected to hold steady but not gain momentum in the near-term.

  • Brazilian aircraft manufacturer Embraer said Monday that it has cut deals to sell 30 jets to Germany's Deutsche Lufthansa and another 10 planes to Japan Airlines.

  • German Savings Banks to Buy LBB for $7.13 Billion Friday, 15 Jun 2007 | 5:29 AM ET

    The Berlin city government will sell a controlling stake in Landesbank Berlin (LBB) to Germany's DSGV savings bank association for a total of 5.35 billion euros ($7.13 billion), DSGV said on Friday.

  • Private equity investor Cerberus is bidding 8 billion euros ($10.6 billion) to buy German conglomerate RAG's assets set to be floated, a source familiar with the situation said on Thursday.

  • Deutsche Telekom Workers Continue Strike Monday, 11 Jun 2007 | 7:45 AM ET
    Deutsche Telekom

    Workers at Deutsche Telekom entered the second month of a strike on Monday over plans to trim wages and extend hours, even as their union said it was mulling a return to the negotiating table.