FRANKFURT (Reuters) – Deutsche Lufthansa announced a bigger than expected 2010 dividend after a one-time tax effect and steady economic recovery boosted its bottom line, sending its shares higher.
Germany’s flagship carrier said on Wednesday it would propose paying shareholders a dividend of 0.60 euros per share, almost 40 percent more than the Thomson Reuters I/B/E/S consensus of 0.43 euros, after paying none a year earlier.
FRANKFURT/BERLIN (Reuters) – The gunman who shot dead two U.S. airmen in a U.S. Army bus at Frankfurt airport on Wednesday was probably a lone operator motivated by radical Islamist beliefs, German authorities said Thursday.
German media had reported the man could be part of a terrorist cell, raising the potential threat of further attacks on U.S. targets in Germany.
FRANKFURT (Reuters) – Governments started arranging for planes on Sunday to bring home citizens stuck in Egypt, where violent protests of the rule of President Hosni Mubarak have given way in some parts of Cairo to looting.
The United States and Turkey offered to evacuate citizens wanting to leave and major airlines including Lufthansa and Air India said they would send additional planes to Cairo and Alexandria.
FRANKFURT (Reuters) – The United States and Turkey offered on Sunday to evacuate citizens wanting to leave Egypt, where violent protests against the rule of President Hosni Mubarak have given way in some parts of Cairo to looting.
Major airlines including Lufthansa and Air India said they would dispatch additional planes to Cairo and Alexandria, and the Greek foreign ministry said at least two Greek military aircraft were on standby to bring home citizens.
FRANKFURT (Reuters) – European tour operators and airlines canceled trips to Cairo as angry protesters took to the streets, dealing a blow to a tourism industry that provides about one in eight jobs in the country.
Mass protests have raged in Egyptian cities in the past five days against President Hosni Mubarak’s 30-year rule, and at least 74 people have been killed. Police and the army have turned out in force to quell the demonstrations.
FRANKFURT, Jan 6 (Reuters) – Austerity measures in Greek and
Romanian markets contributed to a bigger than expected fall in
sales for German home improvement retailer Praktiker (PRAG.DE: Quote, Profile, Research)
Tax hikes and wage cuts in the two countries have “resulted
in a restriction of the disposable income and thus also in the
demand for home improvement and DIY products compensating, as a
consequence, the sometimes very positive sales trend in the
Ukraine, Turkey and Poland,” Praktiker said in a statement.
FRANKFURT (Reuters) – Deutsche Bank’s(DBKGn.DE: Quote, Profile, Research) U.S. tax fraud settlement has heightened expectations of more deals being struck as American authorities target overseas banks in a crackdown on tax dodgers.
FRANKFURT, Dec 22 (Reuters) – Deutsche Bank’s settlement of
a U.S. tax fraud case has raised expectations of similar deals
being struck by other banks, although there was relief that the
$553.6 million cost to the German bank would not hit its
Germany’s flagship lender admitted criminal wrongdoing for
taking part in fraudulent tax shelters that allowed clients to
hide billions of dollars, and agreed to pay up to settle the
case, U.S. prosecutors said on Tuesday. [ID:nN21145978]
But unlike Swiss rival UBS (UBSN.VX: Quote, Profile, Research, Stock Buzz) which suffered a client
exodus after an earlier settlement, Deutsche Bank was seen as
less likely to face a longer-term reputational damage.
SYDNEY/FRANKFURT (Reuters) – Lend Lease is to buy Bilfinger Berger’s Australian construction business Valemus for at least A$1.055 billion ($1.05 billion) to expand market share and keep skilled workers.
The acquisition will make Australian property developer Lend Lease the country’s second-largest contractor after Hochtief’s
FRANKFURT (Reuters) – Hochtief dismissed Spanish builder ACS’s sweetened all-share bid as inadequate on Friday and urged shareholders to reject it.
Germanys biggest construction group is battling to remain independent after ACS, which has been stalking it since September, turned up the heat by improving its offer to about 4.9 billion euros ($6.5 billion) on Wednesday.