Deutsche Post reviews its U.S. road map: as DHL brand fails to gain much traction, some expect a retreat

Article Abstract:

Deutsche Post AG is assessing its options regarding its US-based package delivery service, DHL, including rolling back services or selling the unit. Deutsche Post drew approximately 60% of revenue totaling 46.55 bil euro outside of Germany during the first three quarters of 2007; however DHL's market share has stayed under 10% and Deutsche Post has written down 600 mil euro of its US fixed assets.

Sales, profits & dividends, Marketing procedures, Air transportation, scheduled, All-Cargo Airlines, Scheduled Freight Air Transportation, United States, Marketing, Holding companies, Company sales and earnings, Company earnings/profit, Company marketing practices, Cargo airlines, Deutsche Post AG, DHL Airways Inc., Financial report

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CVC Capital to buy majority stake in Formula One

Article Abstract:

CVC Capital Partners of the United Kingdom is to acquire a majority stake in the stock car racing concern Formula One Group also of the United Kingdom. The stake is to be purchased from Bayerische Landesbank of Germany. Bernie Ecclestone who owns a minority (25 percent) stake will stay on as Chief Executive Officer of Formula One Group.

United Kingdom, Financial management, Finance, Company investment, Investments, Company financing, Stock car racing, CVC Capital Partners Ltd., Formula One Management Ltd.

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Siemens's job cuts reflect telecom woes: restructuring comes amid declining prices, increasing competition

Article Abstract:

German electronics and engineering firm Siemens AG announced plans to cut almost 4,000 positions from its telecommunications equipment division, and transfer approximately 3,000 other jobs elsewhere. The move highlights the impact of increased competition and the enticement of lower labor costs associated with outsourcing.

ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Personnel administration, Electronics industry, Siemens AG, Downsizing

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