New BMW showroom and workshop launched in West Delhi by Deutsche MotorenSeptember 2nd, 2009 NEW DELHI - BMW India announced the opening of the new showroom and workshop facility by Deutsche Motoren in West Delhi. Located at Shivaji Marg, Moti Nagar, West Delhi, this is the second facility in New Delhi from Deutsche Motoren.
Private bank Sal Oppenheim gets euro300 million in new capital, financed by Deutsche BankAugust 11th, 2009 Sal Oppenheim raises euro300 mln in new capitalFRANKFURT — Sal. Oppenheim jr.
Dynegy rating cut, analyst says LS Power deal shows Midwest power market still on shaky groundAugust 11th, 2009 Ahead of the Bell: Analyst cuts Dynegy ratingNEW YORK — A decision by Dynegy Inc. to sell power to LS Power for cash and stock shows the that market recovery in the Midwest is unlikely in the near future, an analyst said Tuesday.
Shares of German exchange owner Deutsche Boerse slip 6 pct on 2Q results fallingAugust 5th, 2009 Deutsche Boerse down 6 pct after 2Q results fallFRANKFURT — German stock exchange operator Deutsche Boerse AG's said its second-quarter net profit fell 34 percent from last year because investors weren't trading as much. The company's shares fell 6.5 percent.
Deutsche Bank says it's in partnership talks with Sal Oppenheim GroupAugust 5th, 2009 Deutsche Bank in Sal Oppenheim partnership talksFRANKFURT — Deutsche Bank AG may take a minority stake in private bank Sal. Oppenheim Group jr.
Educational programmes via TV from Germany to IndiaAugust 3rd, 2009 NEW DELHI - German broadcaster Deutsche Welle has signed up with IT@School ViCTERS, India's first dedicated educational TV channel, to allow Indian students access to more than 200 hours of its educational programmes. The agreement will offer schools and students in India the opportunity to see, among others, the popular German programme Mouse TV.
Deutsche Post second quarter net profit falls 71 percent to €66 million; sales fall 17 pctJuly 23rd, 2009 Deutsche Post Q2 net profit falls 71 pct to €66MFRANKFURT — German mail and logistics company Deutsche Post DHL AG said Thursday its second quarter net profit fell 71 percent on weaker sales and one-time effects related to the insolvency of department store operator Arcandor AG, a close business partner. Bonn-based Deutsche Post, whose operations include global shipper DHL, said it earned €66 million ($94 million) in the April-June period compared with €231 million a year earlier.
Deutsche Post second quarter net profit falls 71 percent to euro66 million; sales fall 17 pctJuly 23rd, 2009 Deutsche Post Q2 net profit falls 71 pct to euro66MFRANKFURT — German mail and logistics company Deutsche Post DHL AG said Thursday its second quarter net profit fell 71 percent on weaker sales and one-time effects related to the insolvency of department store operator Arcandor AG, a close business partner. Bonn-based Deutsche Post, whose operations include global shipper DHL, said it earned euro66 million ($94 million) in the April-June period compared with euro231 million a year earlier.
Deutsche Bank says probe of questionable surveillance uncovers 4 incidentsJuly 22nd, 2009 Deutsche Bank surveillance probe finds 4 incidentsBERLIN — Deutsche Bank AG said Wednesday that an independent investigation of questionable surveillance activities at the company uncovered four incidents dating back more than a decade. So far, two executives have been fired over allegations Germany's biggest bank spied on a supervisory board member and a shareholder, among others.
Deutsche Bank may face criminal investigation over spying claimsJuly 21st, 2009 Deutsche Bank may be investigated over spyingFRANKFURT — Deutsche Bank AG fired two executives and may face a criminal investigation over allegations that the company spied on a supervisory board member and a shareholder among others, officials said Tuesday. The bank, Germany's biggest, said in May that it had ordered an independent investigation after learning of "possible violations" of internal procedures or legal requirements involving the bank's corporate security department.
TERI University signs pact with Deutsche BankJune 26th, 2009 NEW DELHI - The Deutsche Bank Friday signed a memorandum of understanding (MoU) with the The Energy and Resources Institute (TERI) University to support its management programmes in infrastructure. Under this MoU, three Deutsche Bank scholarships will be provided per year for the MBA (infrastructure) programme offered by TERI for a period of three years.
Greece says it will sell Deutsche Telekom another 5 percent in OTE for euro674 millionJune 18th, 2009 Greece to sell Deutsche Telekom more shares in OTEATHENS, Greece — The Greek government said Thursday it will sell a further 5 percent stake in telecom operator OTE to Deutsche Telekom AG for euro674 million ($933 million). An Economy Ministry statement said the government was exercising its option to sell the stake to the German company at the pre-agreed price of euro27.5 ($38) per share, under the terms of last year's deal on sharing OTE ownership and management control.
Frankfurt exchange operator Deutsche Boerse sees 1Q earnings fall 32 percentMay 11th, 2009 Deutsche Boerse 1Q profit down 32 pctFRANKFURT — Frankfurt stock exchange operator Deutsche Boerse AG said Monday that its first-quarter earnings were down 32 percent on the year as traders' restraint and low interest rates weighed on its figures. Deutsche Boerse reported a net profit of euro205.9 million ($280.8 million) for the January-March period, down from euro304.2 million a year earlier.
Deutsche Bank reports return to profit in 1Q, earns euro1.2 billionApril 28th, 2009 Deutsche Bank returns to profit in 1QFRANKFURT — Deutsche Bank AG, Germany's biggest bank, said Tuesday that it returned to a profit in the first quarter on a solid improvement in revenue after suffering big losses last year. The Frankfurt-based bank said net profit for the January-March period came in at euro1.2 billion ($1.56 billion).
Former Deutsche Post boss escapes jail for tax evasionJanuary 25th, 2009 BOCHUM - A disgraced German business leader was given a suspended prison sentence Monday for evading tax on funds hidden in the Alpine principality of Liechtenstein. Former Deutsche Post chief executive Klaus Zumwinkel, 65, concealed nearly 1 million euros ($1.3 million) from German tax authorities in trust funds managed by the LTG Bank in Liechtenstein.