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Dec 8, 2011

Anarchist group may have sent letter bomb-German police

FRANKFURT, Dec 8 (Reuters) – An Italian anarchist
group has claimed responsibility for a letter bomb sent to Josef
Ackermann, chief executive of Deutsche Bank, and may
have sent two more packages, investigators said on Thursday.

The suspicious envelope, intercepted on Wednesday evening,
has raised fears that a wave of protests against the failures
and excesses of bankers could turn more violent, and prompted
police across Europe to warn banks to be extra vigilant.

Dec 8, 2011

Package sent to banker was bomb -German police

FRANKFURT, Dec 8 (Reuters) – A suspicious envelope
sent to Deutsche Bank Chief Executive Josef Ackermann
was a letter bomb capable of exploding, investigators said on
Thursday.

No one has so far claimed responsibility for the package,
which was intercepted late on Wednesday.

Dec 8, 2011

Letter sent to Deutsche Bank CEO contained powder

FRANKFURT, Dec 8 (Reuters) – A suspicious envelope
mailed to Deutsche Bank head Josef Ackermann, the
face of capitalism in Germany, on Wednesday contained an
apparent explosive powder that may have been homemade, police
said on Thursday.

“What we had here was a powder, which indicates that we’re
not dealing with commercial or military explosives,” Alexander
Kiessling, a spokesman for Frankfurt police, said. “It could be
something homemade, for instance made out of fireworks.”

Dec 5, 2011

SAP splashes out in cloud-computing frenzy

FRANKFURT (Reuters) – SAP’s $3.4 billion takeover of SuccessFactors will help it keep up with peers in the frenzied race for cloud-computing business, even if the price it paid is very high at first glance, analysts said on Monday.

“We believe SuccessFactors could be a very good strategic fit for SAP in the cloud sector and we prefer the decision to grow externally in this booming area,” DZ Bank analyst Oliver Finger said.

Dec 5, 2011

Commerzbank cuts debt pile to avoid more state aid

FRANKFURT (Reuters) – Commerzbank AG (CBKG.DE: Quote, Profile, Research, Stock Buzz) moved to fend off government intervention on Monday, saying it would buy back 600 million euros ($806 million) in cut-price debt in a bid to shore up its capital.

The partly state-owned bank, which received an 18.2 billion euros bailout in the wake of Lehman Brothers’ collapse, is believed to need some 5 billion euros by mid-2012 to meet new capital rules, sources have told Reuters.

Dec 5, 2011

SAP falls after pricey SuccessFactors purchase

FRANKFURT, Dec 5 (Reuters) – Shares of SAP (SAPG.DE: Quote, Profile, Research)
fell on Monday after the German software group announced a $3.4
billion takeover of U.S. web-based services company
SuccessFactors (SFSF.N: Quote, Profile, Research) over the weekend that some analysts say
looks expensive.

SAP shares were down 2.1 percent at 43.78 euros by 1028 GMT,
while Germany’s blue-chip DAX index .GDAXI was up 1 percent.

Dec 2, 2011

Merkel sees debt funds aiding euro confidence: aide

BERLIN (Reuters) – German Chancellor Angela Merkel believes her finance minister’s proposal of national funds in Europe for sovereign debt that is over 60 percent of gross domestic product could help restore confidence in the euro, her spokesman said on Friday.

“The chancellor welcomes the proposal of introducing national redemption funds as very interesting,” Steffen Seibert told a news conference.

Dec 2, 2011

Merkel says Kosovo clash shows Serbia not ready for EU

BERLIN (Reuters) – German Chancellor Angela Merkel said on Friday clashes between NATO soldiers and Serbs on the border with Kosovo showed Serbia was not yet ready to be a candidate for European Union membership.

“The path of Serbia into the EU can only lead through the normalization of its relations with Kosovo,” Merkel told the German parliament.

Dec 1, 2011

Global corruption index reflects Arab Spring unrest

BERLIN (Reuters) – Awareness of corruption has risen in some Arab countries in the wake of their uprisings earlier this year, a global league table released by Transparency International showed on Thursday.

North Korea was included in the Berlin-based watchdog TI’s annual corruption perceptions index (CPI) for the first time and was judged the most corrupt country, along with Somalia, putting them at the bottom of the table.

Nov 30, 2011

Night ban to cost Lufthansa about $53 mln per year

BERLIN, Nov 30 (Reuters) – Lufthansa Cargo,
the freight arm of Germany’s largest airline, stands to lose
about 40 million euros ($53 million) a year if a night-flight
ban in Frankfurt is made permanent, its finance chief said.

“Those are the additional costs for stopovers in Cologne,
cancelled flights and business that we lost because of the ban,”
Peter Gerber told Reuters on the sidelines of an event late on
Tuesday.