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Earnings roundup: American Axle, Infineon

ibtimes.com     15 hrs ago   44 related          

Among the earnings stories for Friday, July 25, from AP Financial News: NEW YORK (AP)--American Axle & Manufacturing Holdings Inc. said Friday it posted a $644.3 million second-quarter loss, blaming a nearly three-month long...                

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Bayer Drug Clears Panel

wsj.com     15 hrs ago   5 related          

By Richard Breum and Allison Connolly Word Count: 309 | Companies Featured in This Article: Johnson & Johnson, Sanofi-Aventis FRANKFURT -- Bayer AG said it is a step closer to approval for its next potential blockbuster drug,...                

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Woeful Market Dents Munich Re

forbes.com     20 hrs ago   34 related          

LONDON - German reinsurer Munich Re gave the market an unwanted reminder of just how badly European stock markets have been doing recently. Shares in Munich Re (other-otc: ), which is the world's largest reinsurer after Swiss...                

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Lufthansa Crews to Go on Strike

wsj.com     yesterday   31 related          

FRANKFURT -- Germany's biggest airline faced a major strike by its ground and cabin crews next week after union members voted overwhelmingly to support a massive walkout. The Ver.di union, which represents some 50,000 Lufthansa...                

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German import prices surge by 8.9 percent in June: Destatis

yahoo.com     yesterday   6 related          

FRANKFURT (AFP) - The price of German imports shot up by 8.9 percent in June on a 12-month basis, the highest rate since November 2000, official data showed on Friday. Prices gained 1.5 percent from May in Europe's biggest...                

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Vattenfall Europe cedes to EU Commission, plans to sell electric grid

yahoo.com     yesterday   5 related          

FRANKFURT (AFP) - Vattenfall Europe, a leading German energy company, said Friday it will sell off its electricity distribution network, as requested by the European Commission. "We have studied the options in the past months...                

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Daimler eyes Russian truckmaker stake

ibtimes.com     yesterday   16 related          

FRANKFURT, Germany - Daimler AG said Friday it is considering buying a 42 percent stake in OAO Kamaz, Russia's largest truck maker, in a bid to increase its presence in Europe's biggest truck market. The Stuttgart-based company...                

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Dollar up against euro

ibtimes.com     19 hrs ago   8 related          

FRANKFURT, Germany - The dollar rose slightly against the euro on Friday as data showed a slightly smaller-than-expected decline in U.S. sales of new homes and several German firms offered dour earnings news. The 15-nation...                

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For Europeans, It's No Car, No Problem (BusinessWeek Online)

yahoo.com     yesterday   2 related          

BusinessWeek Online - FRANKFURT - I bought a car recently, which is noteworthy only because it's the first motor vehicle I've owned since moving to Germany in 1994. That I could happily live car-free all these years before...                

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Gold Remains "Over-Sold" as Stock-Market Bounce Fails; G8 Economic Outlook "Like Choosing...

goldseek.com     23 hrs ago   2 related          

"Despite a decent range, Gold Trading in Asia was pretty lethargic," reports Mitsui in Hong Kong. "Customer interest was low and traders were laying low." "There is a little bit of a bounce and the market looks bullish for...                

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