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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.

Dec 9, 2011

Germany in fresh push to outlaw right-wing party

WIESBADEN, Germany (Reuters) – Germany is making a second bid to ban a far-right political party represented in two state assemblies, after police arrested a former party official for his links to a small neo-Nazi group that murdered nine Turkish and Greek immigrants.

“Our aim is to outlaw the NPD (National Democratic Party),” German Interior Minister Hans-Peter Friedrich said during a news conference following a meeting with the interior ministers of Germany’s 16 states on Friday.

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.