The German government is planning to institute an annual pay cap of €500,000 at banks that received federal assistance during the financial crisis, according to a Saturday media report.
The German insurance giant Allianz said on Friday that its second-quarter net profit plunged by 45.6 percent from the same period a year earlier to €1.02 billion.
Deutsche Telekom, the biggest European telecommunications operator, posted weaker second quarter results on Thursday after it stripped out contributions from British mobile unit T-Mobile UK.
Commerzbank, the second biggest German bank, said Thursday that it swung back into profit in the second quarter of the year and predicted it would end 2010 with a profit as well.
Adidas, the world's second biggest sports equipment and clothing maker, raised its earnings per share outlook on Wednesday after raking in strong second-quarter profits thanks to the 2010 World Cup in South Africa.
German insurance group Munich Re posted a better-than-expected second quarter net profit on Wednesday owing to earnings from investments, and raised slightly a full-year sales target despite losses from events such as the BP oil catastrophe.
Volkswagen, Europe's biggest automaker, posted Thursday a second quarter net profit of €1.25 billion, well above forecasts and more than four times the previous year's figure.
The German luxury car maker BMW sharply hiked its 2010 forecast for sales and earnings on Tuesday, saying better conditions in global auto markets had boosted its outlook.
German premium auto manufacturers Audi, BMW and Mercedes are on a roll and expect sales to remain on track for the rest of the year, they said on Thursday, but the outlook in some key markets is cloudy.
German sports car maker Porsche received top US consumer ratings on Friday as it reported a jump in sales and retained its status as a leading profit-machine in the global auto industry.
Daimler has announced plans to bid Wall Street goodbye with its withdrawal from the New York stock exchange. The carmaker's move to delist means it will no longer be obligated to report to the US Securities and Exchange Commission.
Germany's Commerzbank, hard hit by the financial crisis, announced on Thursday a return to quarterly profit and sought to reassure investors about its exposure to Greek debt.
Lufthansa, the biggest European airline, said on Wednesday it expected stronger profits this year despite a sharp first-quarter loss, but stressed the environment was uncertain.
The world's leading chemical company, BASF, posted Thursday a better than expected first quarter profit on the back of strong demand from Asian economies and inventory build up.
German auto giant Daimler said Tuesday it returned to profit in the first quarter, raising its full-year forecast on the back of strong Mercedes sales.
The world's top-selling luxury car maker, BMW, announced Wednesday its pre-tax profit for 2010 would grow significantly, helped by a surge in new or revamped models such as the popular 5-series.
The German luxury carmaker Porsche said on Wednesday that has paid down nearly half its mountain of debt but that it expects to suffer a net loss in its current fiscal year.
German logistics giant Deutsche Post said Tuesday that it swung back into the black last year, following a massive 2008 loss, and was in good shape for 2010.
The German sportswear and equipment maker Adidas said on Wednesday that 2009 profit plunged by 62 percent during one of its most difficult years, but forecast some improvement in 2010.
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.
