Germany
DAX Benchmark Gains, Trims Weekly Decline as Shares of Volkswagen Climb German stocks climbed, with the DAX
Index rebounding from its biggest drop since July, as concern
eased that Dubai’s proposal to reschedule debt payments will
derail the global economic recovery.
MAN SE CFO Resigns, Says Departure Not Related to Compliance Investigation MAN SE, the German truckmaker whose
chief executive officer resigned this week, said Chief Financial
Officer Karlheinz Hornung will also step down.
European Stocks Rise as Dubai Concern Eases; RBS, Volkswagen Lead Rebound European stocks advanced, rebounding
from the biggest drop in seven months for the Dow Jones Stoxx
600 Index, as concern over Dubai’s attempt to delay its debt
payments abated.
Sarkozy Wins Bid to Install Ally Barnier as EU's Financial-Services Chief French President Nicolas Sarkozy won
his bid to install an ally as the European Commission’s next
financial-services regulator, fueling British concern that
traders and hedge funds will face stricter rules.
ThyssenKrupp CEO Schulz Says German Steel Output Should Rise 10% Next Year German steel output should rise 10
percent in 2010 from about 32 million metric tons this year,
ThyssenKrupp AG Chief Executive Officer Ekkehard Schulz told
analysts in Essen today.
European Economic Confidence Climbs to Highest Level Since Lehman Collapse European confidence in the economic
outlook improved in November to the highest since the collapse
of Lehman Brothers Holdings Inc., suggesting the recovery in the
16-nation euro region is gathering strength.
Siemens Hearing Aids Division Said to Get Interest From KKR, BC Partners Siemens AG’s hearing aid business,
valued at as much as 3 billion euros ($4.5 billion), is drawing
interest from private-equity firms including KKR & Co. L.P. and
BC Partners Ltd., two people familiar with the matter said.
BMW Sells F-1 Team to Former Owner; Planned Sale to Qadbak Won't Go Ahead Bayerische Motoren Werke AG agreed
to sell its Formula One racing team back to former owner Peter
Sauber.
Bayer Taps Marijn Dekkers for Portfolio, Deal-Making Skills, Wenning Says Bayer AG Chief Executive Officer
Werner Wenning knew the German drug and chemical maker’s search
for his replacement was over the day he met Marijn Dekkers.
German Labor Minister Jung Quits After Fallout Over Afghanistan Air Strike German Labor Minister Franz Josef
Jung, the former defense minister, resigned a day after the
opposition accused him of withholding information on an air
strike in Afghanistan that killed as many as 142 people.
Merkel Names von der Leyen to Replace Jung as Labor Minister, DPA Reports German Chancellor Angela Merkel
appointed Ursula von der Leyen as labor minister to replace
Franz Josef Jung, Deutsche Presse-Agentur reported.
Former Baden-Wuerttemberg Premier Oettinger Named EU Energy Commissioner Guenther Oettinger was named
European Union energy commissioner, responsible for guarding the
bloc’s oil and gas supply security and promoting the use of
cleaner technologies to protect the climate.
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