Results for Germany
- Volkswagen Is Subject of German Tax Inquiry
German prosecutors have opened another investigation into Volkswagen, this one focusing on whether the company broke local tax laws by making false claims about its vehicles’ carbon dioxide emissions, the International New York Times reported. In add ...
Daily Headline - global.abi.org - 11/24/2015 - 21:46 - 0 comments
- Almost 1,000 Flights Cancelled By Lufthansa Over Crew Dispute
Lufthansa cancelled almost 1,000 flights for Monday after a union for its striking cabin crews announced plans to expand its work stoppages to Munich airport, the Irish Times reported. The airline said it was ready to resume negotiations. UFO, the ca ...
Daily Headline - global.abi.org - 11/08/2015 - 21:20 - 0 comments
- Comsoft Insolvent, Buyers Sought
The Karlsruhe, Germany-based communications business Comsoft has declared itself insolvent. The specialist in air traffic control and air traffic management software is well known as a solution provider in the market and provides air navigation systems a ...
Daily Headline - global.abi.org - 11/01/2015 - 21:32 - 0 comments
- Deutsche Bank to Cut 35,000 Jobs Under New Strategy
Deutsche Bank said on Thursday that it planned to cut as many as 35,000 jobs through internal cuts and the sale of businesses over the next two years as part of an overhaul by John Cryan, the bank’s new co-chief executive, to simplify the lender and impr ...
Daily Headline - global.abi.org - 10/29/2015 - 21:24 - 0 comments
- Volkswagen, Hit by Emissions Scandal, Posts Its First Loss in Years
A remarkable period of growth ended at Volkswagen on Wednesday when the carmaker reported its first quarterly loss in at least 15 years and began the costly process of absorbing the expense of fixing millions of cars designed to cheat on emissions tests, ...
Daily Headline - global.abi.org - 10/28/2015 - 20:22 - 0 comments
- HSH Nordbank, EU Could Agree On Restructuring Next Week
German regional lender HSH Nordbank could agree with the European Commission as early as next week to offload billions of euros in troubled assets onto its government owners and avoid the risk of being shut down, sources said. The ship financier, majorit ...
Daily Headline - global.abi.org - 10/14/2015 - 21:13 - 0 comments
- Walsum Postpones Insolvency Proceedings Again
Papierfabrik Walsum has postponed the opening of insolvency proceedings again. In reply to an enquiry, the spokesman for the responsible lawyers office, HRM Henneke Röpke Partnerschaft Rechtsanwälte, said that negotiations are still underway with potenti ...
Daily Headline - global.abi.org - 10/13/2015 - 20:39 - 0 comments
- Volkswagen Sets Aside Billions In Potential Costs
Volkswagen has already set aside billions in potential costs related to its emissions-rigging scandal, the Irish Times reported. Mounting speculation that the crisis-stricken company will sell stock to raise funds is sending its non-voting shares to ...
Daily Headline - global.abi.org - 10/12/2015 - 19:30 - 0 comments
- German Exports Register Steepest Decline in Almost Seven Years
German exports posted their steepest decline in almost seven years in August, the clearest sign yet that economic weakness in emerging markets is forcing Europe’s export champion away from its longtime reliance on foreign trade, The Wall Street Journal ...
Daily Headline - global.abi.org - 10/08/2015 - 20:56 - 0 comments
- Deutsche Bank Sees $7 Billion Quarterly Loss on Writedowns
Deutsche Bank AG expects to report a surprise third-quarter loss of 6.2 billion euros ($7 billion) and may eliminate its dividend for the year after writing down the value of its two biggest divisions and boosting its reserve for legal costs, Bloomberg N ...
Daily Headline - global.abi.org - 10/07/2015 - 19:36 - 0 comments