Topic: Frankfurt
VW 2009 profit stalls, group expects a jumpstart this year
AFP Global Edition
Volkswagen, the biggest European carmaker, said Friday that 2009 profit plunged by nearly 80 percent in the global slump but predicted that sales and operating profit would rebound this year. VW reported a 79.8 percent drop in net profit to 960 million euros (1.3 billion dollars) on sales ...
Commerzbank posts $2.6 billion Q4 loss
AP News
Germany's Commerzbank posts $2.6 billion 4th quarter loss on increase in write-downsGermany's Commerzbank AG said Tuesday its fourth-quarter loss widened to euro1.9 billion ($2.6 billion) due to write-downs related to bond insurer investments and provisions for bad loans. The loss for the final three months ...
Striking Lufthansa pilots to suspend their walkout
AP News
Lufthansa, striking pilots agree to suspend walkout until March 9, plan talksLufthansa and its pilots are set to return to the cockpit after the German airline and a key union agreed to halt a four-day strike that disrupted travelers and was poised to go on through Friday. The four-day walkout ...
Germany's Lufthansa and pilots resume talks, ending strike
AFP Global Edition
German airline Lufthansa and pilots agreed Monday to resume talks, ending a one-day strike that grounded almost one half of flights at Europe's biggest airline. The strike will be lifted at midnight (2300 GMT on Monday), and talks would resume "immediately and without conditions" a joint statement said. A ...
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