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 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.
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.
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.
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.