ROUNDUP: Automotive crisis hits Hella – shares under pressure LIPPSTADT – The difficult situation in the car industry is hampering the business plans of the headlight manufacturer Hella . Especially since the middle of the year, the general conditions have worsened than expected, explained the head of the company Bernard Schäferbarthold on Thursday evening in … Read more
ROUNDUP: Next iPhones and computer watch expected from Apple CUPERTINO – Apple is about to present its most important iPhone in years. The new models, which are expected to be presented to the public on Monday evening, are intended to catapult the company into the AI era. For users in the European Union, however, things … Read more
New Nestle boss wants to improve performance after poor figures – share falls VEVEY – The Swiss food group Nestlé has unexpectedly replaced its boss. The new company leader and company veteran Laurent Freixe now wants to improve performance again and gain market share. In the past few quarters, the food multinational had disappointed with … Read more
ROUNDUP: BASF boss changes in troubled times: Kamieth moves to the top LUDWIGSHAFEN – The world’s largest chemical company BASF is getting new management: Asia boss Markus Kamieth (53) will replace long-time group leader Martin Brudermüller after the general meeting of the Ludwigshafen Dax group in April 2024. The 62-year-old’s farewell had been planned for … Read more
ROUNDUP 2: Financial investor Silver Lake wants to take over Software AG – price jump DARMSTADT – US financial investor Silver Lake wants Software AG after investing a good year ago take over now. The Americans, who specialize in technology companies, are offering shareholders 30 euros per share, as they announced on Saturday night. Silver … Read more
MUNICH (dpa-AFX) – Munich Airport is recording significant growth rates in passengers, flight movements and air freight. People wanted to travel again, the demand was greater than the airlines’ supply, said airport boss Jost Lammers on Tuesday. Last year, the number of passengers in Munich rose from 12.5 to 31.6 million, already reaching 70 percent … Read more
NEW YORK (dpa-AFX) – Wall Street is trying to recover on Thursday after the setback caused by interest rate fears. With two hours to go, the Dow Jones Industrial, which had already stabilized the day before, moved higher by 0.61 percent to 33,801.19 points after the main index lost nearly three percent since the end … Read more
NEW YORK (dpa-AFX) – Fears of a further tightening of Chinese restrictions against Covid marred investor sentiment on US stock markets earlier in the week. Beijing’s threat of tougher measures against the coronavirus pandemic has triggered the largest wave of protests in the country in decades and is likely to further dim global economic growth … Read more
NEW YORK (dpa-AFX) – The US stock exchanges recovered somewhat on Monday after the losses they suffered at the end of last week. Positive impetus came from China: The relaxed Covid-19 restrictions in the metropolises of Shanghai and Beijing fueled hopes that the global economy would recover soon. Nevertheless, the latest concerns about inflation and … Read more
NEW YORK (dpa-AFX) – The escalating conflict between Russia and Ukraine had a stronger grip on the US stock markets on Tuesday than initially thought. After the long weekend, the indices got off to a better start than long feared, but over the course of the day they slipped back into the red. The Dow … Read more