The German semi-conductor group Infineon on Tuesday issued a gloomy report for itself and its loss-making memory-chip unit Qimonda, as it posted an annual loss of €3 billion ($3.8 billion).
Germans are more pessimistic about the future than other Europeans, new information from the 25th annual Data Report from the Social Science Research Centre revealed this week.
Oskar Lafontaine, the head of the hard-line socialist Left party, on Friday demanded Germany implement a “millionaire tax” to help offset the economic impact of the financial crisis.
The German logistics giant Deutsche Post said on Monday it would cut 9,500 jobs as part of restructuring of the loss-making DHL express mail delivery activities in the United States.
The amount of goods turned out by German factories fell "strongly" in September as the global slowdown hit demand for products made by the world's top exporter, the government said on Friday.
German luxury sports car maker Porsche posted record annual results Friday on the back of its holding in Europe's biggest car maker Volkswagen but voiced concern about the outlook as growth slows sharply.
Deutsche Telekom, the leading European telecommunications operator, posted third-quarter results on Thursday which were in line with expectations and stood by its outlook for the full year.
The German sportswear company Puma posted on Friday stable third-quarter results despite weaker economic activity worldwide and raised slightly its 2008 sales outlook, but still failed to convince investors.
German auto giant Volkswagen said on Thursday it has resisted the current economic slump better than rival carmakers in the first nine months of 2008 and that it stood by its outlook for the full year.
Metro, the biggest German retailer and number two in Europe, published figures on Thursday showing it had been hit by cautious shopping, and growth slowed in the third quarter.
German airline Lufthansa said Wednesday it would boost its stake in British carrier BMI to 80 percent, giving it control of the company and a large foothold in Europe's biggest airport.
Germany's top airline Lufthansa cut its 2008 operating profit target to €1.1 billion ($1.4 billion) on Tuesday owing to "record" fuel costs, weaker demand and the global financial crisis.
The world leader in business software, German IT giant SAP, said Monday that it had dropped its 2008 financial targets because of the uncertain economic environment.
The German bank Postbank announced on Monday an emergency capital increase worth up to €1 billion ($1.24 billion) to replenish it balance sheet which has been hit by the international financial crisis.
The German pharmaceutical and chemical group Merck posted on Monday a solid third-quarter profit and expressed confidence despite the international economic crisis.
The financial crisis and weakening global economies are hitting German car maker Daimler, which warned of weaker 2008 profits for a second time on Thursday amid "a high degree of uncertainty" over the outlook.
German utilities giant EON made a profit of more than three billion euros in the first six months of the year, it said on Wednesday, as it reaped the benefit of higher electricity prices.
The Axel Springer group, the biggest newspaper publisher in Europe, reported a six-fold rise in first-half net profit on Wednesday in a strong second-quarter performance.
Shares in the German insurance group Allianz plunged on Thursday after the group warned that it would not reach its operating profit target going into 2009 following a difficult second quarter.
Commerzbank, the second-biggest German bank, posted on Wednesday a gain in second-quarter net profit, owing to a favourable tax effect, along with a plunge in operating earnings.
The German luxury car maker BMW joined rival Daimler on Friday in warning it would miss its 2008 targets, a sign that high-end manufacturers have been caught by the international financial crisis.
Deutsche Bank posted on Thursday a second quarter net profit that was far lower than in the same period a year earlier, but still managed to exceed analysts expectations thanks to one-off items.
