Germany
MAN SE Chief Samuelsson Resigns; Pachta-Reyhofen Named as Interim CEO MAN SE Chief Executive Officer
Hakan Samuelsson will step down with immediate effect, leaving
Europe’s third-largest truckmaker after nine years.
DAX Index Climbs Most in a Month as Steelmakers, Daimler, Banks Advance German stocks climbed the most in a
month as reports showed sales of existing U.S. homes jumped to
the highest level since 2007 and European services and
manufacturing industries expanded.
EU Ruling on GM Aid to Opel Won't Be Made Until After a Meeting Next Week European Union officials said no
decision on granting aid to General Motors Co.’s Opel unit will
be made until a meeting next month.
European Governments Agree to Avoid Competing on Opel Aid, Bruederle Says European governments with Opel and
Vauxhall plants agreed to avoid competing over aid for General
Motors Co. as they try to preserve car-making jobs, German
Economy Minister Rainer Bruederle said.
Douglas Gains Most in Eight Months as Mueller Confirms It Acquired Stake Douglas Holding AG, Europe’s largest
makeup and perfume retailer, rose the most in eight months in
Frankfurt trading after confirming that competitor Mueller Ltd.
& Co. KG bought a stake in the company.
European Stocks Rise Most in Five Weeks on Economy; BHP, Renault Advance European stocks surged the most in
five weeks as data on the region’s services and manufacturing
industries and U.S. home sales added to signs the economic
recovery is strengthening.
German Power Falls to Record Low on Expected High Winds, Mild Temperatures German power for next month fell to
a record for a third day as temperatures are forecast to remain
higher than average and wind predictions for this week jumped.
Deutsche Lufthansa's First A380 Jet Delayed Further as Deliveries Falter Deutsche Lufthansa AG, Europe’s
second-largest airline, said handover of its first Airbus A380
super-jumbo will be delayed by several months as the jet’s
manufacturer struggles to keep deliveries on schedule.
WestLB Needs About Twice the Anticipated Amount of New Capital, DPA Says WestLB AG, the German state-owned
lender that may get aid from the federal government, needs as
much as 6 billion euros in capital, about double the amount
previously anticipated, Deutsche Presse-Agentur reported,
without saying where it got the information.
German Bonds Fall on Industry Report; 10-Year Yield Gains 3 Basis Points German government bonds fell after
reports showed the country’s manufacturing and service
industries expanded more than forecast in November. The yield on
the 10-year bund rose 3 basis points to 3.28 percent as of 8:39
a.m. in London.
EU Should Coordinate State Support for GM's Opel, European Leaders Say Any European aid to General Motors
Co.’s Opel unit should be coordinated among national
governments, leaders from Germany and Belgium said.
Climate Aid Comes to Focus as EU Ministers Meet to Prepare for Copenhagen European Union environment ministers
may underline the need for climate aid for developing countries
as they meet today for final preparations before the United
Nations summit in Copenhagen.
Germany's Economy May Shrink Less Than 5% This Year, Merkel Spokesman Says The German economy may shrink by less
than 5 percent this year, Ulrich Wilhelm, Chancellor Angela
Merkel’s chief spokesman, told reporters in Berlin today. The
government said Oct. 16 the economy will contract 5 percent in
2009.
SYMBOL LOOKUP
HOME
