Hessen

German O2 to end roaming deal with Telekom -paper

FRANKFURT, Nov 21 (Reuters) - German mobile operator O2 plans to end its roaming agreement with Deutsche Telekom unit T-mobile at year end, O2's German head told a German newspaper. 'We now have a very strong network and will...

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ECB Takes Step Toward Crisis Exit

BY BRIAN BLACKSTONE FRANKFURT, Germany -- European Central Bank President Jean-Claude Trichet warned banks against "addiction" to abundant and cheap credit as the ECB took a first step toward unwinding its financial-support...

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To lower interest rates, Citi customers must spend

In this Nov. 17, 2008 file photo, the logo of Citibank is seen above a banking machine at a branch in Frankfurt, central Germany. Associated Press Published: November 21, 2009 NEW YORK (AP)—For Citibank credit card holders,...

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Volkswagen to invest 19.9 bln eur in 2010 to 2012

FRANKFURT, Nov 20 (Reuters) - Volkswagen plans automotive capital expenditure of around 19.9 billion euros ($29.55 billion) in the coming three years, half of it in Germany alone, Europe's largest carmaker said on Friday.

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Walker's World: Europe's drab new leaders

By MARTIN WALKER UPI Editor Emeritus FRANKFURT, Germany, Nov. 20 (UPI) -- Nobody could accuse the 27-nation European Union of arousing inflated expectations with their new leadership team of Herman von Rompuy and Baroness...

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Banks should lend more, curb 'undue' bonuses: ECB

Saturday November 21, 2009, 1:38 am FRANKFURT (AFP) - Banks should step up their lending to support economic growth while taking steps to curb "undue" bonuses, European Central Bank head Jean-Claude Trichet said Friday....

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Weber says regulators are not to blame for crisis

FRANKFURT (MarketWatch) -- Axel Weber, president of the Deutsche Bundesbank, defended the role of regulators and monetary policy on Friday, saying they were not to blame for the global financial crisis. "Monetary policy was not...

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Schaeuble: self-supporting recovery is far away

FRANKFURT (MarketWatch) -- German Finance Minister Wolfgang Schaeuble said Friday that the global economy is far from a self-sustainable recovery. "It's too early to say we're beyond the crisis. We're still quite far away from...

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VW to buy Karmann assets, create new model

Frankfurt -- German carmaker Volkswagen AG said Friday it will buy some assets of German contract carbuilder Wilhelm Karmann GmbH to create a new manufacturing subsidiary that will eventually build a new car model.

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Stocks Pare Losses, but Close Lower (at TheStreet.com)

Stock quotes in this article: ) -- Earlier in the session, Jeffrey Kleintop, chief market strategist for LPL Financial, posited that signs for the week ahead may be found in the late-session movements. "This is probably the...

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