Frankfurt

Bayer sees growth despite drop in Q2 profit

The German pharmaceutical and chemicals group Bayer posted a 13-percent drop in second-quarter net profit on Wednesday, but said it reflected a one-off item and that the business itself had grown.

Cars

MAN posts strong Q2 results

The German conglomerate MAN reported unexpectedly strong second-quarter results on Wednesday, largely owing to its large diesel engine division.

Crime

Oracle touts proof SAP stole software

US business software giant Oracle is claiming that it has new proof that its German rival SAP looted its software libraries for competitive advantage.

Tech

Infineon to cut 3,000 jobs amid heavy quarterly loss

German semi-conductor group Infineon posted a sharp quarterly loss on Friday and announced the loss of thousands of jobs.

Cars

VW profits surge amid drive into emerging markets

Volkswagen, the biggest European carmaker, reported a profits leap on Wednesday, taking the stock market by surprise.

Economy

Subprime crisis hits earnings at Deutsche Post

German logistics group Deutsche Post reported a wider-than-expected 18.4 percent drop in first quarter earnings on Wednesday as turbulence on financial markets hit earnings at its Postbank banking unit.

Tech

SAP posts weak earnings and delays product launch

German software giant SAP said Wednesday that first quarter net profit fell 22 percent and disappointed investors as it delayed the launch of a new product for small- and medium-sized enterprises.

Cars

Daimler Q1 profit slumps despite Mercedes gains

German auto and truck giant Daimler said Tuesday that first quarter net profit fell 30 percent despite a strong performance at its flagship Mercedes-Benz brand.

Tech

Infineon takes Q2 hit from chip unit Qimonda

The German electronic components maker Infineon reported on Wednesday a sharp net loss in the second quarter of its fiscal year, in large part owing to its loss-making chip unit Qimonda.