Chief Company News Correspondent
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Jan 3, 2012

Will Sky Deutschland triumph in Bundesliga auction?

FRANKFURT, Jan 3 (Reuters) – A bidding war over rights
to show top-flight German soccer league matches could prove
risky for Sky Deutschland.

The German pay-TV broadcaster’s stock has lost about a
quarter of its value over the past three months on concern that
a battle with Deutsche Telekom for Bundesliga rights
could hurt profit and that it may need a capital increase soon.

Jan 2, 2012

Lufthansa warns EU scheme to raise fares

FRANKFURT/PARIS (Reuters) – Germany’s Lufthansa told passengers on Monday to brace for higher ticket prices as it refuses to shoulder the costs of a carbon trading scheme at the centre of a brewing trade spat.

The world’s second largest long-haul carrier after Dubai’s Emirates said it faced 130 million euros ($169 million) in extra costs this year and became the first major operator to announce possible surcharges since the EU scheme took effect on January 1.

Dec 22, 2011

RWE, Gazprom end talks on joint power ventures

FRANKFURT, Dec 22 (Reuters) – RWE AG and
Gazprom have terminated talks about joint power
production ventures, a setback in the German utility’s efforts
to seek Russian-funded growth to help make up for its domestic
market’s exit from nuclear power.

“Although our discussions were conducted in a very
constructive manner we were unfortunately not able to agree on a
framework for cooperation which would be sustainable for both
parties,” RWE Chief Executive Juergen Grossmann said in a
statement on Thursday.

Dec 20, 2011

Deutsche Telekom could be forced into arms of Sprint

FRANKFURT (Reuters) – Deutsche Telekom may be forced into a tie-up of its sub-scale U.S. wireless unit with Sprint Nextel after a $39 billion deal with AT&T collapsed.

AT&T said on Monday it had dropped its bid for T-Mobile USA, bowing to fierce regulatory opposition and leaving both companies scrambling for alternatives.

Dec 20, 2011

D. Telekom mum on Plan B for T-Mobile USA

FRANKFURT (Reuters) – Deutsche Telekom offered no detailed plan of how it will bounce back from the collapse of its deal with AT&T, only assuring investors on Tuesday it was working on a long-term plan for its subscale U.S. wireless unit.

AT&T said on Monday it had dropped its $39 billion bid for T-Mobile USA, bowing to fierce regulatory opposition and leaving both companies scrambling for alternatives.

Dec 20, 2011

Deutsche Telekom silent on Plan B for T-Mobile USA

FRANKFURT (Reuters) – Deutsche Telekom offered no detailed plan of how it will bounce back from the collapse of its deal with AT&T, only assuring investors on Tuesday it was working on a long-term plan for its subscale U.S. wireless unit.

AT&T said on Monday it had dropped its $39 billion bid for T-Mobile USA, bowing to fierce regulatory opposition and leaving both companies scrambling for alternatives.

Dec 19, 2011

Etihad buys Air Berlin stake to win scale in Europe

FRANKFURT (Reuters) – Etihad Airways is taking a stake of almost 30 percent in Germany’s Air Berlin (AB1.DE: Quote, Profile, Research, Stock Buzz), becoming the first Gulf carrier to challenge European legacy airlines by putting cash on the table to gain scale.

Abu Dhabi-based Etihad will spend about 73 million euros ($95 million) to buy new shares of Air Berlin, raising its stake to 29.21 percent from just below 3 percent, and will lend the German carrier $255 million, the two companies said on Monday.

Dec 19, 2011

Etihad snaps up stake in debt-laden Air Berlin

FRANKFURT, Dec 19 (Reuters) – Etihad Airways threw a
lifeline to ailing Air Berlin and gained access to more
European routes by raising its stake in the German airline to 30
percent and lending it $255 million.

Abu Dhabi-based Etihad will buy new shares in Air
Berlin, Germany’s second-biggest carrier after Lufthansa
, for about 73 million euros ($95 million), raising its
stake to 29.21 percent from just below 3 percent, Air Berlin
said on Monday.

Dec 15, 2011

Freight handlers go for specialization in crisis

FRANKFURT (Reuters) – Logistics companies around the world are rushing to invest in specialty cargo facilities in search of wider margins and stable growth in an increasingly uncertain outlook for global trade.

Freight companies can charge higher prices for handling delicate electronic components, vaccines that have to remain chilled or Arabian race horses than for standard cargo.

Dec 15, 2011

Lufthansa Cargo China near tipping point – CEO

FRANKFURT, Dec 15 (Reuters) – The air freight arm of
Deutsche Lufthansa is reviewing its business in China,
the world’s second-biggest economy, where cargo companies are
struggling to make a profit, according to Lufthansa Cargo’s
chief executive.

“We are leaving all options open,” Karl Ulrich Garnadt said
at the Reuters Global Manufacturing and Transportation Summit.