Teuton B.O. rev up 1.4%
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Variety - BERLIN -- German box-office revenue grew by 1.4% to E420 million (&#36;518 million) in the first six months of the year.
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The appliance maker's fourth-quarter profit soars on international sales.
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Shares in Volkswagen rise by 3% after the German car giant raises its earnings outlook for 2008.
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Automaker Adam Opel AG is proposing increasing the work week for its German employees to 40 hours from 35 hours to save money, according to a report Friday.
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German insurance giant Allianz upgraded its full-year premium income target as well as the 2004 earnings target for its banking unit Dresdner Bank after a better-than-expected performance in the first nine months.
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DaimlerChrysler AG posted a $1.18 billion profit for the third quarter as sales climbed 2 percent to $43.1 billion. However, the German-American automaker also disclosed that the Mercedes-Benz Group faces tough sledding in months to come.
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Germany&#39;s leading economic institutes on Tuesday raised their growth forecast for the country this year to 1.8 percent, but predicted that the recovery in Europe&#39;s largest economy would slow next year amid slowing export growth and high oil prices.
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Wage talks next month at German automaker Volkswagen appear off to a difficult start after the powerful IG Metall union demanded a four percent wage rise and job guarantees for its members.
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Gallaher&#39;s profits rose 4.4 percent in the first half as its improved prospects in Britain offset worsening trading conditions in continental Europe, the tobacco company says.
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Dutch brewing company Heineken NV reported a 26 percent rise in first-half profit Wednesday, with strong sales in the Americas and a surge in beer drinking in Europe during the soccer World Cup. It also raised its earnings growth foreecast for the full year.
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Third-quarter operating profit at Volkswagen  rose more than 50 percent thanks to resurgent earnings at its core VW brand after the world's fourth-largest carmaker cut thousands of jobs last year.
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FRANKFURT - Surging oil prices and the strength of the euro, currently at an all-time high around 1.32 dollars, are currently weighing on business morale in Germany, the eurozone&#39;s biggest economy, a new poll showed.
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German premium car maker BMW  aims to increase its sales in the United States to 400,000 units per year in the medium term from 336,000, the German Auto Motor und Sport magazine reported.
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Automaker sees greater participation as the way to boost light truck sales in the fast-growing market.
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BMW, the German automaker, said its profit rose 28 percent in 2006, helped by strong car sales and a one-time gain from the sale of a stake in Rolls-Royce, the British aircraft engine manufacturer. The company, which is based in Berlin, said it was seeking approval from its board to buy back up to 10 percent of its stock and said it would increase dividends. Net profit climbed to 2.87 billion euros ($3.77 billion) from 2.24 billion euros the previous year.
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T-Online, Deutsche Telekom's majority owned Internet service provider, said it was lifting its forecast for full-year core earnings after reporting better-than-expected results.
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Credit Suisse shares rose on Tuesday amid hopes Switzerland's second-largest financial group will step up the pace of restructuring, prompted by a report that it is seeking buyers for its Winterthur insurance ...