International Power says to buy Trinergy wind farms

(Reuters) - The portfolio comprises five wind farms in Germany and 31 in
Italy, three of which have yet to be constructed.




International Power said the cash element in the deal, which
will be also funded by debt, was 868 million euros.


Read more at Reuters.com Mergers News

D.Post Q2 tops consensus, may hike FY goal after Q3

(Reuters) - BONN, Germany, Aug 3 - German mail and logistics group Deutsche Post stuck to its full-year earnings goal despite a 10 percent rise in second-quarter operating profit, boosted by its DHL express delivery and logistics units.



Post said it continued to expect 2007 earnings before interest and tax excluding one-off items of at least 3.6 billion euros , up from 3.51 billion last year. Group 2006 EBIT including one-off items was 3.87 billion euros.


Read more at Reuters.com Market News

Scania CEO says no discussions with MAN

(Reuters) - Ostling said he did not know if any talks were being held
among the two truck makers' owners.




Germany's Volkswagen , the biggest investor in both
Scania and MAN, has sought to resume negotiations on a merger of
the two firms to create Europe's truck market leader.


Read more at Reuters.com Mergers News

AstraZeneca ups job cuts to 7,600 in savings drive

(Reuters) - The Anglo-Swedish drugmaker, which announced in February it planned to cut about 3,000 positions, said it would increase the job cuts to more than 10 percent of its 2006 workforce in a drive to make over $900 million of annual savings by 2010.




Chief Executive David Brennan said the additional job losses would affect its European sales and marketing team as well as employees working in research and development and other areas in Britain, Sweden, Germany, France, the United States and Canada.


Read more at Reuters.com Business News

UPDATE 2-AstraZeneca ups job cuts to 7,600 in savings drive

(Reuters) - The Anglo-Swedish drugmaker, which announced in February it planned to cut about 3,000 positions, said it would increase the job cuts to more than 10 percent of its 2006 workforce in a drive to make over $900 million of annual savings by 2010.




Chief Executive David Brennan said the additional job losses would affect its European sales and marketing team as well as employees working in research and development and other areas in Britain, Sweden, Germany, France, the United States and Canada.


Read more at Reuters.com Market News

U.S. Stock-Index Futures Are Little Changed; GE Declines, Alcoa Advances

(Bloomberg) -- U.S. stock-index futures were little
changed before General Electric Co. posts second-quarter
earnings, and the government releases a report that may show how
the consumer is coping with the housing crisis.

GE fell in Germany after announcing it will sell its
subprime mortgage unit. Separately, the world's second-biggest
company by market value may say profit increased.


Read more at Bloomberg Stocks News

Stocks set to edge up, M&A in spotlight

(Reuters) - The Indicative Dow Jones industrial average , which tracks the 30 blue chips as they are traded on the Deutsche Boerse's electronic trading platform, XETRA, and translates the prices into dollars, was 0.28 percent higher.




"Takeover action will be a trigger for U.S. shares today," said Heinz-Gerd Sonnenschein, strategist at Germany's Postbank, pointing to Rio Tinto Ltd./Plc.'s $38.1 billion bid for Canadian aluminum company Alcan Inc. .


Read more at Reuters.com Bonds News

Fielmann, Fraport, Suedzucker, TUI, Cropenergies: German Equity Preview

(Bloomberg) -- The following stocks may rise or
fall in German markets.

Germany's X-DAX Index increased 0.3 percent to 7920.70. The
index provides an estimate of the DAX Index, based on trading in
DAX futures after the Xetra electronic market closes. The DAX
fell 0.8 percent to 7898.54 on the Xetra electronic-trading
system.


Read more at Bloomberg Stocks News

Deutsche Bahn Plans to Sell 12-Year Bonds in Euros, Hires Three Banks

(Bloomberg) -- Deutsche Bahn AG, Germany's
government-owned railway, plans to sell bonds in euros, according
to an e-mailed statement sent by Royal Bank of Scotland Group
Plc, one of the managers of the sale.

Berlin-based Deutsche Bahn also hired Citigroup Inc. and
Credit Suisse Group to manage the sale of the fixed-rate bonds
maturing in 12 years, the statement said. The bonds will be
issued by Deutsche Bahn Finance BV and be guaranteed by Deutsche
Bahn.


Read more at Bloomberg Bonds News

Air Berlin, DaimlerChrysler, Munich Re, TUI, Volkswagen: German Preview

(Bloomberg) -- The following stocks may rise or fall
in German markets. Stock symbols are in parentheses after the
company names and prices are from the Xetra close on July 6
unless otherwise stated.

Germany's X-DAX Index rose 0.7 percent to 8108. The index
provides an estimate of the DAX Index, based on trading in DAX
futures after the Xetra electronic market closes. The DAX climbed
0.8 percent to 8048.32 on the Xetra electronic-trading system.


Read more at Bloomberg Stocks News

Platinum Falls in London on Car Demand Speculation; Palladium Declines

(Bloomberg) -- Platinum fell for the first time this
week on speculation slowing car demand in Europe may add to a
surplus of the metal used mostly in catalysts to reduce vehicle
pollution. Palladium dropped for a second consecutive day.

New car registrations in Germany, Europe's biggest economy,
fell 7 percent in June compared with a year earlier, the Federal
Motor Vehicle Office in Flensburg said on July 4. French car and
light-truck sales dropped 3 percent in June.


Read more at Bloomberg Commodities News

German Power for 2008 Declines as Carbon Emission Trade Near One-Week Low

(Bloomberg) -- German electricity for delivery next
year slipped for a third day as the price of carbon-emission
allowances declined, reducing the cost of generating power by
burning fossil fuels.

Next-year baseload power prices in Germany, Europe's
biggest electricity market, fell as much as 25 cents, or 0.5
percent, to 55.45 euros ($74) a megawatt-hour, according to
broker GFI Group Inc. at 9 a.m. Berlin time.


Read more at Bloomberg Energy News

BMW, DaimlerChrysler, Deutsche Telekom, Porsche: German Equity Preview

(Bloomberg) -- The following stocks may rise or fall
in German markets.

Germany's X-DAX Index rose 1.49 to 8044.15. The index
provides an estimate of the DAX Index, based on trading in DAX
futures after the Xetra electronic market closes. The DAX
climbed 1.2 percent to 8050.68 on the Xetra electronic-trading
system.


Read more at Bloomberg Stocks News

DAX Benchmark Rises; Postbank Jumps After Commerzbank Expresses Interest

(Bloomberg) -- Germany's benchmark DAX Index rose
for the first time in six days, led by Deutsche Postbank AG after
Commerzbank AG said the rival would be an ``excellent addition.''
MAN AG and Henkel KGaA also gained.

The DAX added 120.36, or 1.5 percent, to 7921.36. DAX
futures expiring in September increased 1.5 percent to 7998 at
5:51 p.m. in Frankfurt. The HDAX Index of the country's 110
biggest companies climbed 1.6 percent.


Read more at Bloomberg Stocks News

European Union Signals Support for New German Emission-Credit Import Limit

(Bloomberg) -- European Union regulators signaled a
readiness to approve a higher limit on Germany's imported
emission credits after the country decided to sell 9 percent of
new allowances instead of giving them away.

The German government aims to allow imported credits
covering emissions of about 90 million metric tons a year in
2008-2012. The European Commission, the EU's regulatory arm,
must endorse the limit, which is 20 percent of Germany's total
allowances to emit 453 million tons of carbon dioxide a year and
22 percent of the country's free permits.


Read more at Bloomberg Energy News

European Stocks Drop for Fifth Day; Axa, BHP, Northern Rock Pace Retreat

(Bloomberg) -- European stocks fell for a fifth day
on speculation higher borrowing costs will reduce economic and
profit growth.

Deutsche Bank AG, Germany's biggest bank, and Axa SA,
Europe's second-largest insurer, paced declines by companies
sensitive to rising interest rates. Northern Rock Plc tumbled
more than 10 percent after the U.K. bank said earnings growth
will miss analysts' estimates as rates increased more than
expected. BHP Billiton Ltd., the world's biggest mining company,
paced a drop in metal stocks as copper prices fell.


Read more at Bloomberg Stocks News

ProSiebenSat.1 to Combine With SBS Broadcasting in Deal Worth $4.4 Billion

(Bloomberg) -- ProSiebenSat.1 Media AG will combine
forces with SBS Broadcasting Group in a transaction valued by the
companies at 3.3 billion euros ($4.4 billion), the companies
announced today in an e-mailed statement.

ProSiebenSat.1 Media AG, Germany's largest broadcaster,
plans to create a pan-European broadcasting group, which will
significantly reduce its dependence on the German television
advertising market, the statement said. ProSiebenSat.1 expects to
complete the purchase in July.


Read more at Bloomberg Bonds News

U.S. Stock-Index Futures Are Little Changed; Oracle Declines in Europe

(Bloomberg) -- U.S. stock-index futures were little
changed before a report that may show purchases of new homes in
the U.S. probably dropped in May.

Shares of Oracle Corp., the world's third-largest software
maker, and Nike Inc., the biggest athletic-shoe maker, declined
in Europe before reporting earnings. Apple Inc., whose market
value passed $100 billion in May as euphoria mounted over its
iPhone, rose in Germany after RBC Capital Markets recommended
buying the stock.


Read more at Bloomberg Stocks News

Asian stocks sag, yen under pressure

(Reuters) - European shares were seen also tracking U.S. peers lower with financial bookmakers expecting falls of 24 to 33 points for London's FTSE 100 index , 30 to 44 points for Germany's DAX and 25 to 32 points for France's CAC 40 .




Demand for high-yielding currencies kept the yen pinned near an all-time low versus the euro and a 4-1/2-year low against the dollar. The Bank of Japan, unlike other central banks, was seen in no hurry to raise interest rates.


Read more at Reuters.com Hot Stocks News

European Government Bonds Post Weekly Gain as Reports Show Slowing Economy

(Bloomberg) -- European government bonds rallied
this week after a report showed business confidence in Germany,
the region's largest economy, fell more than expected in June.

Benchmark two-year notes posted a weekly gain after the Ifo
institute yesterday said its German sentiment index fell to 107
from 108.6 in May. Economists had expected a reading of 108.4.
Separate reports this week showed worsening optimism among German
investors and Italian consumers, damping the chances of interest-
rate increases by the European Central Bank.


Read more at Bloomberg Bonds News