Results for Germany
- Germany's Strauss Attracts Potential Buyers, Paper
Strauss Innovation, a German chain of small department stores, has attracted several potential buyers after it sought court protection from creditors in January to try to rescue its business, a German magazine said on Saturday, quoting its administrator, ...
Daily Headline - global.abi.org - 04/13/2014 - 23:00 - 0 comments
- Lufthansa Pilots on Three-Day Strike Over Retirement Terms
Deutsche Lufthansa AG pilots Wednesday began what could become the longest walkout in the German airline's history, grounding 3,800 flights over the next three days, in a protest over changes to retirement benefits, The Wall Street Journal repor ...
Daily Headline - global.abi.org - 04/02/2014 - 22:00 - 0 comments
- German Financial Watchdog Bites Back
The Federal Financial Supervisory Authority, known as BaFin, has long been criticized as lax on banks and cowed by politicians. But recently, BaFin has started making bankers squirm, The Wall Street Journal reported. The regulator has publicly browbe ...
Daily Headline - global.abi.org - 03/27/2014 - 22:08 - 0 comments
- Lufthansa Hit by German Airport Strike
Deutsche Lufthansa said Wednesday that a strike planned for Thursday at Frankfurt airport and six others in Germany would cost it millions of euros in damages and force the cancellation of close to 600 flights, The Wall Street Journal reported. Trade ...
Daily Headline - global.abi.org - 03/26/2014 - 20:51 - 0 comments
- RENA Enters Insolvency Proceedings Under Self-Administration
Wet chemicals equipment processing specialist, RENA, has started insolvency proceedings under self-administration as it attempts to restructure after failing to gain a financing solution for debts encountered at a subsidiary, SH+E, PV-Tech reported. The ...
Daily Headline - global.abi.org - 03/26/2014 - 20:57 - 0 comments
- German LDK Subsidiary, Sunways, Enters Insolvency For Second Time
Sunways, a German subsidiary of stricken Chinese firm LDK Solar, has entered insolvency proceedings for the second time, PV-Tech reported. The module, cell and inverter manufacturer said it would file for insolvency on 21 March at a court in Konstanz. Th ...
Daily Headline - global.abi.org - 03/23/2014 - 10:12 - 0 comments
- IVG Creditors Owed Over $4.4 Billion Agree Debt-Equity Swap
IVG Immobilien AG (IVG), once Germany’s biggest real estate company, will be handed over to creditors after lenders approved a plan to restructure 3.2 billion euros ($4.4 billion) of debt, Bloomberg News reported. Creditors voted today in a court-supervi ...
Daily Headline - global.abi.org - 03/20/2014 - 22:13 - 0 comments
- German Court Validates Participation in Euro Zone Bailout Fund
Germany’s highest court ruled on Tuesday that the country’s government may participate in a fund set up to help financially stricken countries in the euro zone, the International New York Times reported. The decision is a defeat for skeptics of the e ...
Daily Headline - global.abi.org - 03/18/2014 - 21:29 - 0 comments
- France And Germany Squabble Over Who Pays For EU Banking Union
France and Germany are squabbling over who should foot the bill for Europe’s banking union, with Paris fearing its banks will pay the biggest share towards a €55bn rescue fund, the Financial Times reported. As the EU enters a potentially decisive wee ...
Daily Headline - global.abi.org - 03/17/2014 - 22:48 - 0 comments
- Nuerburgring Formula One Race Track Sold to Car-Parts Maker
The Nuerburgring, the German race track known as Green Hell for its challenging Formula One course, was bought by an auto-parts maker two years after the former owner and operator filed for bankruptcy protection. The acquisition by Capricorn Group values ...
Daily Headline - global.abi.org - 03/12/2014 - 21:44 - 0 comments