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| Top National Business and Finance Headlines |
| German investors are concerned about making investments in the economy of Armenia |
| ABW - 18 May, 2013 |
| Yerevan. German investors are concerned about making investments in the economy of Armenia, in particular, in construction, |
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| German investors are concerned about making investments in the economy of Armenia |
| ABW - 18 May, 2013 |
| Yerevan. German investors are concerned about making investments in the economy of Armenia, in particular, in construction, |
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| European Central Bank disagrees with Germany on rules for handling failing banks |
| ABW - 15 May, 2013 |
| Brussels: The European Central Bank (ECB) set up a clash with Germany as Executive Board ... |
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| Germany arrests two Dutch citizens in cyber bank heist |
| ABW - 11 May, 2013 |
| German prosecutors said on Friday they had arrested two Dutch citizens suspected of involvement in a $45 million global cyber heist unveiled the previous day by U.S. authorities. |
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| 'Telekom Deutschland revenues down 1.6% in Q1' |
| DME - 10 May, 2013 |
| Deutsche Telekom reported revenues in its home market Germany down 1.6 percent year-on-year in the first quarter to EUR 5.57 billion, hurt by cuts to mobile termination rates. Fixed-line revenues fell 2.9 percent to EUR 1.86 billion, mobile service revenues were down 1.9 percent to EUR 1.63 billion, and wholesale revenues fell 7.3 percent to EUR 959 million. Adjusted EBITDA fell by 3.8 percent to EUR 2.3 billion, due to an increase in market investments, giving a margin of 40.5 percent. The mobile customer base grew by 437,000 in the three months to a total 37.005 million customers at the end of March. Postpaid customers grew by 441,000 compared to the end of 2012 and 10.5 percent year-on-year to 20.011 million. ARPU was stable versus Q4 at EUR 15, while the share of non-voice services grew to 44 percent. Minutes of use were down 4.7 percent to an average 81 per customer. The fixed-line base continued to contract, down 4.4 percent from a year ago to 22.113 million, while broadband customers grew by 0.6 percent year-on-year and 16,000 versus end-2012 to a total 12.443 million. Telekom said its fibre broadband base, including VDSL and FTTH was up 63 percent from a year ago to 1.1 million customers. It added a record 156,000 new fiber-optic customers in the quarter, of which 46,000 wholesale. TV customers were up by 70,000 in the three months to 2.036 million. |
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| Foot Locker to pay EUR72m for German retailer Runners Point |
| MTN - 09 May, 2013 |
| 9 May 2013 - US speciality athletic retailer Foot Locker Inc (NYSE:FL) said it had inked a final accord to buy German privately-held athletic store and online retailer Runners Point Warenhandelsges mbH for EUR72m (USD94.7m) in cash.Investment firm HANNOVER Finanz GmbH holds a majority stake in the target, which, apart from a network of over 200 stores, operates also online subsidiary Tredex. The rest of the company is owned by CEO Otto Hurler and CFO Harald Wittig.Following completion of the deal, which is contingent on antitrust clearance in Germany, Runners Point's CEO and CFO will remain with the company, together with other senior managers.The move will strengthen Foot Locker's presence in Germany and allow it to diversify and grow its European business, while also speeding up the expansion of its European e-commerce operations on the back of Tredex's capabilities, the buyer's CEO, Ken Hicks, noted.Foot Locker, which operates mainly in Germany but is present with stores also in the Netherlands, Austria and Switzerland, generated sales of EUR197m last year.Country: GermanySector: Wholesale/Retail, IT/Online ServicesTarget: Tredex, Runners Point Warenhandelsges mbHBuyer: Foot Locker IncVendor: Otto Hurler , HANNOVER Finanz GmbH, Harald WittigDeal size in USD: 94.7mType: Corporate acquisitionStatus: Agreed |
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| E.ON sees exit from regional units in 2013 |
| MTN - 09 May, 2013 |
| 9 May 2013 - German utility E.ON SE (ETR:EOAN) sees the planned disposal of its interests in E.ON Westfalen Weser AG and E.ON Mitte AG more likely to happen in 2013 than next year, Reuters cited CFO Marcus Schenck as saying in a conference call with analysts.The company said in March 2013 it would shed its stakes in the regional divisions this year or in 2014.According to Schenck, E.ON expects to sell its 63% in E.ON Westfalen Weser in mid-2013 and a few months later to divest the 73% stake it owns in E.ON Mitte.E.ON, which is also looking to sell its 16.7% interest in UK uranium enrichment specialist Urenco Limited, targets over EUR2bn (USD2.6bn) from these disposals, Reuters said.Country: UK, GermanySector: Utilities, Alternative EnergyTarget: Urenco Limited, E.ON Westfalen Weser AG, E.ON Mitte AGBuyer: Unnamed buyers.Vendor: E.ON AGType: DivestmentStatus: AuctionComment: E.ON targets more than USD2.6bn from these disposals. |
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| BMW first-quarter earnings beat forecast, remains stick to 2012's profit target |
| ABW - 03 May, 2013 |
| Bayerische Motoren Werke (BMW), the world's largest producer of luxury autos, said its earnings before interest and taxes dropped to 2.04 billion euros in the first quarter, yet exceeding analysts' forecast of 1.82 billion euros. Sales slipped 4.1 percent to 17.5 billion euros, yet sales soared 7 percent to 381,404 vehicles to maintain its lead over other German rivals Audi and Mercedes. The giant German automaker remained stick to 2012's pretax profit target where Chief Executive Officer said "due to high levels of expenditure for new technologies and models as well as investment in the production network, we expect to report group profit before tax for 2013 on a similar scale to 2012." BMW intends to increase its market share in China and the U.S., and future expansions in Brazil and Russia, to offset the slowdown in European markets while will introduce new models by the end of next year. |
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| Allianz Tops List of Germany's Most Honored Companies in Institutional Investor's All-Europe Executive Team Ranking |
| Marketwired - 26 April, 2013 |
| NEW YORK, NY -- (Marketwired) -- 04/26/13 -- Allianz, Henkel, and BMW are the top-ranked German companies in the 2013 All-Europe Executive Team survey, Institutional Investor's annual survey of buy-side portfolio managers and analysts and sell-side equity research professionals around the world. |
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| The New 2014 Audi R8 Is Officially on Sale as of April 11th, 2013 |
| Marketwired - 11 April, 2013 |
| HERNDON, VA -- (Marketwired) -- 04/11/13 -- Offering uncompromised performance and unmistakable design, the new 2014 Audi R8 model represents the pinnacle of Audi performance with the top up or down. The R8 has established itself as an icon in the short time since its introduction in 2008. The new 2014 Audi R8 is more dynamic and powerful than ever and is officially on sale as of April 11th, 2013. |
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| Top Company Press Releases |
| Vodafone to offer broadband in Germany |
| ABW - 18 May, 2013 |
| Vodafone is to offer high-speed fixed-line broadband and internet protocol-based TV services across Germany after a deal with Deutsche Telekom. |
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| Volkswagen Group Makes Stable Start to Second Quarter: Deliveries Top Three Million Vehicles* in Period to April |
| Marketwired - 17 May, 2013 |
| WOLFSBURG, GERMANY -- (Marketwired) -- 05/17/13 -- |
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| Welcome to the dmexco World of Experience: Digital Visions Become an Experience |
| Marketwired - 16 May, 2013 |
| COLOGNE, GERMANY -- (Marketwired) -- 05/16/13 -- Trends, technologies and visions will be brought to life at the dmexco. In line with this year's motto "Turning Visions into Reality" the dmexco 2013 is introducing its worldwide unique "World of Experience" concept. This totally innovative world of experience will offer trend-setters from the digital business the best conditions for vividly demonstrating their solutions, technologies and products live in experienceable formats, enabling them to portray new potentials in the digital industry sector in a concrete manner. The dmexco World of Experience -- the new stage of the digital future! |
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| skobbler Launches GPS Navigation & Maps for Android, a Market First That Delivers Online and Offline Functionality for Both Worldwide Digital Mapping and Turn-By-Turn Navigation |
| Marketwired - 16 May, 2013 |
| BERLIN, GERMANY -- (Marketwired) -- 05/16/13 -- Editors Note: There are photos accompanying this press release. |
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| Verimatrix Appoints Siemens Convergence Creators as Exclusive Reseller of VCAS Revenue Security Solution Optimized for In-Flight Infotainment |
| Marketwired - 16 May, 2013 |
| HAMBURG, GERMANY and SAN DIEGO, CA -- (Marketwired) -- 05/16/13 -- Siemens Convergence Creators (CVC) and Verimatrix, the specialist in securing and enhancing revenue for multi-network, multi-screen digital TV services around the globe, today announced that they have signed an agreement giving Siemens CVC exclusive rights to the Verimatrix Video Content Authority (VCAS™) revenue security solution optimized for the airline market. Siemens CVC also enjoys privileged rights to port their specialist version of VCAS code to various hardware platforms used for aircraft infotainment deployments. |
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| CSA Group Expands European Operations With Groundbreaking of A New Testing and Certification Laboratory in Frankfurt |
| Marketwired - 15 May, 2013 |
| FRANKFURT, GERMANY -- (Marketwired) -- 05/15/13 -- Editors Note: There is a photo associated with this press release. |
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| Rapid Micro Biosystems Announces Hands-On Workshops at New European Headquarters in Munich, Germany |
| Marketwired - 15 May, 2013 |
| BEDFORD, MA and FREISING, GERMANY -- (Marketwired) -- 05/15/13 -- Rapid Micro Biosystems, a leading provider of automated, non-destructive, rapid microbial detection, today announced the opening of a state-of-the-art microbiology laboratory and headquarters located in Freising, just outside of Munich, Germany. |
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| ZMDI, a Global Semiconductor Company, Releases the ZSLS7031 Primary-Side Peak-Current Mode LED Driver for High-Brightness LED Lighting |
| Marketwired - 14 May, 2013 |
| DRESDEN, GERMANY -- (Marketwired) -- 05/14/13 -- Editors Note: There is a photo associated with this press release. |
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| ZMDI, a Global Semiconductor Company, Releases the ZSLS7031 Primary-Side Peak-Current Mode LED Driver for High-Brightness LED Lighting |
| Marketwired - 14 May, 2013 |
| DRESDEN, GERMANY -- (Marketwired) -- 05/14/13 -- Editors Note: There is a photo associated with this press release. |
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| 2013 Germany Transfusion Diagnostic Testing Market: Opportunities and Strategies for Suppliers |
| M2 Communications - 10 May, 2013 |
| Research and Markets (http://www.researchandmarkets.com/research/jrwnxk/2013_germany) has announced the addition of the "2013 Germany Transfusion Diagnostic Testing Market: Opportunities and Strategies for Suppliers" report to their offering.This new 426-page market segmentation analysis of the transfusion testing market report from Venture Planning Group including:Major issues pertaining to the German transfusion testing practice, as well as key economic, regulatory, demographic, social and technological trends with significant market impact during the next ten years.Ten-year volume and sales forecasts for 40 blood typing, grouping and infectious disease screening tests, including NAT procedures performed in German transfusion testing hospitals, and commercial laboratories.Annual placements and installed base estimates for major automated and semi-automated analyzers.Review of current instrumentation technologies, and a feature comparison of over 20 analyzers.Ten-year reagent and instrument sales forecasts.Sales and market shares of leading reagent and instrument suppliers.Review of current and emerging technologies, and their potential market applications.Product development opportunities for instruments, consumables, and auxiliary products.Profiles of major current and emerging suppliers, including their sales, market shares, product portfolios, marketing tactics, technological know-how, new products in R&D, collaborative arrangements, and business strategies.Business opportunities and strategic recommendations for suppliers.Contains 426 pages and 43 tablesFor more information visit http://www.researchandmarkets.com/research/jrwnxk/2013_germanyAbout Research and MarketsResearch and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. |
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| Other Economic News Headlines |
| European Central Bank to keep loose monetary policy |
| ABW - 18 May, 2013 |
| The European Central Bank (ECB) will keep its loose and growth-supportive monetary policy stance in ... |
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| German first-quarter GDP growth trails forecast |
| ABW - 15 May, 2013 |
| The German economy expanded less than economists expected in the first quarter, as cold weather took its toll on Europe's largest economy. The Wiesbaden-based Federal Statistics office reported on Wednesday that Gross Domestic Product (GDP) growth rose to a preliminary 0.1 percent from the fourth quarter. Analysts called for GDP growth of 0.3 percent. The German economy contracted by 0.6 percent in the fourth quarter of 2012, as euro-area recession weighed on investments and exports growth. Construction activity suffered the most due to the cold weather. On the year, GDP growth slumped to non-seasonally adjusted rate of -1.4 percent, missing analysts' median estimate of 0.2 percent. On the working day basis, GDP growth fell to an annual rate of -0.2 percent. Data later today may show that euro-area economy contracted in the first quarter, with an advanced GDP reading of -0.1 percent, up from -0.6 percent registered in the last three months of last year. The European Central Bank cut the benchmark interest rate by 25 points to 0.5 percent, while ECB President Mario Draghi said the bank will push on lower borrowing costs to help the recovery later this year. But still the hoped-for recovery late 2013 continue to lack sold signs of improvement as unemployment soars, business conditions deteriorate, debt mounts and banks weaken, risking to postpone the recovery. While the disappointing German GDP data fell short from analysts' forecast, expectations are running low for France, Italy and Spain growth data later on the day; called to post first-quarter contractions in the GDP. As of 09:17 GMT, the single currency was little changed against the dollar compared with the opening level of 1.2918, only to trade around 1.2904. The EURUSD set an intraday high of 1.2941 and low of 1.2898. |
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| UANI Supports Germany's Gottwald for Ending Business in Iran |
| CLM - 14 May, 2013 |
| United Against Nuclear Iran (UANI) applauded Germany's Gottwald Port Technology, and its parent company Demag Cranes AG, for ending business in Iran. |
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| German exports increase slightly in March |
| Xinhua News Agency - 10 May, 2013 |
| German exports increased slightly in March compared to February, official data showed on Friday. |
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| Germany's Trade Balance falls less-than-expected |
| ABW - 10 May, 2013 |
| Investing.com - Germany's trade balance fell less-than-expected last month, official data showed on Thursday.In a report, Destatis said that Germany's Trade Balance fell to 17.6B, from 17.7B in the preceding month whose figure was revised up from 17.1B.Analysts had expected Germany's Trade Balance to fall to 16.5B last month.Investing.com - Investing.com offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.Read more News on Investing.com or Follow us on Twitter at @NewsinvestingCopyright 2013 Fusion Media Limited. All Rights Reserved.Provided by Syndigate.info an Albawaba.com company |
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| Germany Trade & Invest: USA Tops Germany's Investor Lists |
| CLM - 10 May, 2013 |
| With 133 new projects, the USA again stands top of Germany's foreign direct investment (FDI) lists for 2012, according to Germany Trade & Invest (GTAI), the country's economic development agency. |
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