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Dec 2, 2014

Lufthansa pilot strike extends to long-haul flights

FRANKFURT (Reuters) – Pilots at Deutsche Lufthansa AG (LHAG.DE: Quote, Profile, Research, Stock Buzz) extended their latest two-day stoppage on Tuesday, grounding long-haul flights in addition to domestic and European routes and stranding thousands of travellers.

The strike, the ninth this year in a dispute over an early retirement scheme, has forced Germany’s flagship airline to cancel close to half of all scheduled flights for Monday and Tuesday, affecting about 150,000 passengers.

Dec 1, 2014

Thousands stranded as Lufthansa pilots strike again

FRANKFURT (Reuters) – Pilots at Lufthansa (LHAG.DE: Quote, Profile, Research, Stock Buzz) started a two-day walkout on Monday, their ninth strike this year, forcing Germany’s flagship airline to cancel close to half of all scheduled flights and leaving thousands of travellers stranded.

The 1,350 cancelled flights will affect 150,000 passengers and wipe several more millions of euros off the airline’s earnings, according to analysts.

Nov 28, 2014

Europe’s space-based, laser-powered data highway passes early test

FRANKFURT (Reuters) – A European satellite beamed images to earth using new laser-based communications technology on Friday, opening the way for uninterrupted and near instantaneous viewing of natural disasters being sent to governments and relief agencies.

The images were a test of a 450 million euro ($562 million) space data highway being constructed. Called European Data Relay Satellite (EDRS), it will allow faster and more secure transmission of large amounts of data, such as pictures and radar images, to and from earth.

Nov 13, 2014

European space probe marooned in comet’s shadows

FRANKFURT (Reuters) – A probe that landed on a comet in a first for space exploration has ended up in the shadow of a cliff, about a kilometer (0.6 miles) from its intended resting place, the European Space Agency (ESA) said on Thursday.

The lander, named Philae, was released from its mothership Rosetta on Wednesday as it orbited comet 67P/Churyumov-Gerasimenko, in the climax of a 10-year mission for the ESA.

Nov 12, 2014

European probe lands on comet, but fails to anchor down

BERLIN/FRANKFURT, Nov 12 (Reuters) – The European Space
Agency landed a probe on a comet on Wednesday, a first in space
exploration and the climax of a 10-year-odyssey, but an
anchoring system problem may hamper planned investigations into
the origins of Earth and the solar system.

The 100-kg (220-pound) lander – virtually weightless on the
comet’s surface – touched down on schedule at about 1600 GMT
after a seven-hour descent from its orbiting mothership Rosetta,
now located a half-billion kilometres (300 million miles) from
Earth.

Nov 12, 2014

Moment of truth in Europe’s ten-year mission to explore a comet

BERLIN/FRANKFURT, Nov 12 (Reuters) – European scientists
will on Wednesday make the first-ever attempt to land a probe on
the surface of a comet, the most nail-biting stage of a ten-year
mission to find out more about these time-capsules of the
universe.

The European Space Agency early on Wednesday gave the final
go-ahead for the Rosetta spacecraft, which has been orbiting
comet 67P/Churyumov-Gerasimenko since August, to jettison a
lander to collect samples from the surface.

Aug 20, 2014

Infineon agrees to buy Int’l Rectifier for $3 billion in cash

MUNICH/FRANKFURT (Reuters) – Merger-shy German chipmaker Infineon has agreed to buy California-based International Rectifier for about $3 billion in cash, Infineon said on Wednesday, in its biggest-ever acquisition.

Terms call for it to pay $40 per share for the U.S. company, a maker of power-management circuits used in everything from computers to appliances, automobiles, lighting and aircraft.Shares of International Rectifier rose as high as $39.50 following the news. At 1800 GMT, the stock was trading at $39.06, a gain of $12.51 or 47 percent on the day on the New York Stock Exchange.

Aug 20, 2014

Infineon agrees to buy International Rectifier for $3 billion in cash

MUNICH/FRANKFURT (Reuters) – Merger-shy German chipmaker Infineon has agreed to buy California-based International Rectifier for about $3 billion (1.81 billion pounds)in cash, Infineon said on Wednesday, in its biggest-ever acquisition.

Terms call for it to pay $40 per share for the U.S. company, a maker of power-management circuits used in everything from computers to appliances, automobiles, lighting and aircraft.Shares of International Rectifier rose as high as $39.50 following the news. At 7:00 p.m. BST (1800 GMT), the stock was trading at $39.06, a gain of $12.51 or 47 percent on the day on the New York Stock Exchange.

Aug 12, 2014

Henkel sees turmoil in Russia, currency markets, hurting growth

FRANKFURT, Aug 12 (Reuters) – German consumer goods group
Henkel forecast a tough six months ahead with
political turmoil in Russia, its fourth-largest market, and
volatile exchange rates hurting sales.

Chief Executive Kasper Rorsted said he expected growth in
earnings per share to slow in the second half of 2014 after the
company posted a 3.5 percent decline in second quarter sales.

Aug 6, 2014

Spacecraft Rosetta catches up to comet after 10-year chase

FRANKFURT (Reuters) – European spacecraft Rosetta became the first ever to catch up with a comet on Wednesday, a landmark stage in a decade-long space mission that scientists hope will help unlock some of the secrets of the solar system.

Rosetta, launched by the European Space Agency (ESA) in 2004, will accompany comet 67P/Churyumov-Gerasimenko on its trip around the sun and land a probe on it later this year in an unprecedented maneuver.