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Munich - Shares in German chipmaker Infineon Technologies AG plunged Wednesday after the group's loss widened and the company warned about a tough year ahead in the wake of the global financial crisis.
Munich-based Infineon said its net loss in the group's fourth quarter to the end of September grew to 763 million euros (963 million dollars) compared to 280 million euros in the same period last year.
Munich - Bayern Munich coach Juergen Klinsmann wants striker Lukas Podolski to stay and fight for his place rather than leave the German champions.
Klinsmann told Deutsche Presse-Agentur dpa the 23-year-old striker had it easier with the German national side than at Bayern where he has failed to establish himself in his third season at the club.
"The difference is that he has recently been a first choice with the national team which has allowed him to take things in a more relaxed way," Klinsmann said.
Munich - Bayern Munich coach Juergen Klinsmann believes promoted Hoffenheim could establish themselves as a long-term rival to the German champions and also make their mark on European football.
Munich - Hard-hit by the global financial crisis, German state-owned bank Bayerische Landesbank is planning to axe about every fourth job as it launches a new restructuring drive, banking industry sources told Deutsche Presse-Agentur dpa on Monday.
The 5,600 job cuts in its workforce of 19,000 are to fall both in the Munich-based BayernLB's domestic and international operations.
The ailing bank said in October that was tapping the Federal Government's special 500-billion-euro (645-billion-dollar) bank rescue package to help it limp through the financial crisis. The bank is half-owned by the Bavarian state government.
Munich - A former German soldier described Thursday how he dragged a crate of explosives inside a house where 11 Italian men were detained to be killed.
His former commander, 90, is on trial for murdering the prisoners by blowing them up at Falzano, Italy in 1944.
The witness, who at the time was a 21-year-old sergeant in the 818th battalion of the German Army mountain combat engineers, said, "there was an order to do a blast."
The engineer, who regularly worked with explosives, put a box inside the village house.
Munich - Shares in German chipmaker Infineon Technologies AG plunged Wednesday after the group's loss widened and the company warned about a tough year ahead in the wake of the global financial crisis.
Munich - German alpine ski talent Lisa-Marie Walz is out for the season a
Munich - Bayern Munich coach Juergen Klinsmann wants striker Lukas Podolski to stay and fight for his place rather than leave the German champions.
Munich - Hard-hit by the global financial crisis, German state-owned bank Bayerische Landesbank is planning to axe about every fourth job as it launches a new restructuring drive, banking industry sources told Deutsche Presse-Agentur dpa on Monday.
