Yesterday, Bayer’s competitor Boehringer Ingelheim received U.S. approval to market its antithrombotic drug Pradaxa . Pradaxa is used to prevent strokes in patients with heart rhythm disturbances. In September the FDA advisory panel unanimously recommended that the drug be approved. This will strengthen Boehringer’s position in the stock market. Boehringer can now start marketing the…
Category Archives: Germany
Planned Investments in Social Commerce
The growth of online commerce in Germany has continued to expand rapidly For the year 2010, the trade association of Germany (HDE), reported a rise of e-commerce sales in the business-to-consumer segment by about eight percent to 23.7 billion euros. This growth in the financial results of many companies indicates the current trend for E-Commerce…
Mobile Operators Establish Joint Network
German Telekom boss, Niek Jan van Damme is working to start collaboration between the major mobile companies before year end. He wants to build super-fast LTE mobile networks. “There have been some discussions” which may lead to cooperative agreements. The Deutsche Telekom, Vodafone, O2, the Federal Network Agency and the Federal Cartel Office have all…
German Real Estate Market
In the third quarter of 2010, 2.9 billion Euros were invested in the Germany in the residential real estate portfolio. This is the results of a study which was conducted by BNP Paribas Real Estate. “The trend in the first half of 2010 was rising investment volumes. This trend slowed in the third quarter of…
Salzgitter AG Increased Revenues Through Renegotiating Contracts
Salzgitter AG Germany’s second largest steel group increased its revenues significantly by raising prices for its core products. “All of our contracts with customers have been renegotiated” at the higher prices, said Chief Financial Officer Heinz Jörg Fuhrmann of the Börsen-Zeitung. This means that almost all of Salzgitter’s products have achieved a significant revenue increase…
With Government Rescue Banks Earns a Lot
For the taxpayer in the financial crisis, rescued banks according to a report stand to earn a lot . About 200 bankers from money houses with government aid would reap more than 500,000 euros a year, the Frankfurter Allgemeine Sunday newspaper said in a preliminary report. Although tens of millions in salaries are extremely rare…
Riester and Rürup promotion reaches its target
If one wanted to describe the prototype, that refers to the Riester promotion , he would look at the groups that have a superior distribution (as an analysis of the Mannheim Research Institute Economics of Aging, shows), based on a representative survey on savings behavior. Accordingly, last year 37 percent of 18 – to 35-…
Investors Sue West LB
Düsseldorf, Germany- Investors have sued West LB for damages in the amount of 490 million dollars plus interest. The investors have submitted to the Supreme Court of New York action against the West LB. According to the applicants , the bank is directed by two special purpose vehicles based on fraud and this is where…
