Europe Top News and Analysis Germany


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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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 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.

  • One of the top executives of European aerospace firm EADS, strategy chief Jean-Paul Gut, announced his resignation on Monday in what he described as a rift with its French and German leaders over its structure.

  • G8 leaders called for a prompt conclusion to long-delayed global free trade talks on Friday and the head of the European Commission said they displayed more urgency than in a failed push a year ago.

  • German companies defied the euro's surge against the dollar to achieve strong export expansion in April, although signs are mounting that the pace of growth has eased, preliminary data showed on Friday.

  • World leaders meeting in Germany have agreed to pursue "substantial" cuts in greenhouse gas emissions and integrate U.S. climate plans within the established U.N. process, an EU source said.

  • Big business is on the back burner at the Group of Eight summit. Instead of focusing on concerns about hedge funds, fluctuating currencies and better transparency in financial dealings, the world's eight wealthiest nations are putting their full focus on climate change and watching to see if a new spat between the U.S. and Russia could develop into another cold war.

  • German real estate firm Franconofurt plans to sell shares in its units FraconoWest and FraconoOst in separate IPOs to raise funds to buy more properties in the country, Boersen-Zeitung reported, citing Franconofurt's chief executive Metehan Sen.

  • Telecom equipment maker Nokia Siemens Networks said Friday that it appointed Eric Simonsen as chief financial officer, effective June 1.