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German state premier opposes breakup of Thyssenkrupp

The premier of the German state where Thyssenkrupp is based on Thursday backed the company's chairman in opposing a breakup of the industrial conglomerate following the resignation of CEO Heinrich Hiesinger......»»

Category: topSource: reutersJul 12th, 2018

Premier of Germany"s NRW opposes ThyssenKrupp breakup, Reuters says

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallJul 12th, 2018

U.S. union urges states to look into T-Mobile purchase of Sprint

The Communication Workers of America labor union, which opposes T-Mobile's proposed purchase of rival Sprint, has written to all 50 state attorneys general to highlight potential job losses from the proposed deal as well as antitrust concerns......»»

Category: topSource: reutersSep 14th, 2018

Thyssen interim CEO plans shake-up of engineering unit: source

Thyssenkrupp's interim boss Guido Kerkhoff is working on a restructuring of the German conglomerate's plant engineering and shipbuilding division, a source familiar with the matter said on Wednesday......»»

Category: topSource: reutersSep 12th, 2018

Premier hopes U.S. firms will boost China investment: state TV

China will continue opening up and improving market access, Premier Li Keqiang said, adding that he hoped U.S. firms would boost investment in the world's second-largest economy, state television reported on Friday......»»

Category: topSource: reutersSep 7th, 2018

BMW Will Pay $11.6 Million in Dieselgate Fines—a Tiny Penalty Compared to Other Emissions Scandals

Volkswagen is surely jealous. German state prosecutors will have BMW pay a fine of about EUR10 million ($11.6 million) to absolve itself of its Dieselgate sins. The newspaper S?ddeutsche Zeitung reported this .....»»

Category: europeSource: fortuneSep 3rd, 2018

Germany"s Merkel against ratcheting up EU emissions target

German Chancellor Angela Merkel is making clear that she opposes setting new, more ambitious European emissions reduction targets for 2030......»»

Category: topSource: foxnewsAug 26th, 2018

Thyssenkrupp needs a new chairman by September, investors say

Thyssenkrupp should come up with a candidate for the vacant post of chairman by no later than September, two investor sources said, concerned that a lengthy search might further delay restructuring efforts at the German conglomerate......»»

Category: topSource: reutersAug 20th, 2018

Thyssenkrupp"s interim chairman says structure is not sacrosanct: Focus

Thyssenkrupp's workers are prepared to do their part in the ongoing restructuring of the embattled conglomerate, its interim chairman and trade union secretary Markus Grolms told a German magazine......»»

Category: topSource: reutersAug 17th, 2018

Thyssenkrupp needs new strategy, targets not enough: investor

Thyssenkrupp needs a broad overhaul in strategy carried about by a new external chief executive, as mid-term targets announced this week will not be enough to put the German group back on track, according to one of its investors......»»

Category: topSource: reutersAug 11th, 2018

Activists renew call for structural change as Thyssenkrupp lowers guidance

Activist investors Cevian and Elliott have renewed calls for structural changes at ThyssenKrupp after the German industrial conglomerate cut its earnings guidance late on Tuesday......»»

Category: topSource: reutersAug 1st, 2018

Thyssenkrupp investor Elliott says divisions should have more say

Activist investor Elliott wants Thyssenkrupp to give its business divisions more autonomy to pursue promising ventures, an Elliott executive told German daily Die Welt, following a leadership crisis at the German engineering group......»»

Category: topSource: reutersJul 31st, 2018

Thyssenkrupp to invest up to $250 million in U.S. elevator site: executive

German industrial conglomerate Thyssenkrupp is planning to invest $150 to $250 million in a new U.S. headquarters for its elevators business, an executive told Reuters......»»

Category: topSource: reutersJul 27th, 2018

Atlanta Braves Ready to Announce Deal for Office Tower Near Ballpark

Thyssenkrupp, the German industrial giant known for its elevators and escalators, is preparing to announce plans Thursday to develop a research-and-design center and accompanying office tower near SunTrust .....»»

Category: worldSource: nytJul 26th, 2018

Merkel says ThyssenKrupp structure is a commercial matter

The structure of German submarines-to-lifts conglomerate ThyssenKrupp is a commercial matter, Chancellor Angela Merkel said on Friday......»»

Category: topSource: reutersJul 20th, 2018

Keep ThyssenKrupp whole, German minister urges

German Labor Minister Hubertus Heil said he was increasingly concerned about the situation at submarines-to-elevators conglomerate ThyssenKrupp after it lost its top officials under pressure from shareholders to restructure......»»

Category: topSource: reutersJul 18th, 2018

Thyssenkrupp leadership vacuum fuels restructuring hopes

Thyssenkrupp shares bounced 8 percent on Tuesday, lifted by hopes of a deeper restructuring of the German submarines-to-elevators conglomerate after the chairman resigned, leaving the company in a leadership crisis......»»

Category: topSource: reutersJul 17th, 2018

Thyssenkrupp leadership vacuum revives restructuring hopes

Thyssenkrupp shares were indicated 3.4 percent higher early on Tuesday as analysts expect a deeper restructuring of the German submarines-to-elevators conglomerate after the resignation of its chairman......»»

Category: topSource: reutersJul 17th, 2018

Thyssenkrupp faces leadership turmoil as chairman quits

The chairman of embattled German industrial group Thyssenkrupp resigned on Monday, following the company's chief executive out the door under pressure from activist shareholders pushing for radical restructuring of the group......»»

Category: topSource: reutersJul 16th, 2018

Thyssen and Kone owners held merger talks on elevator ops: paper

Large shareholders of Thyssenkrupp and Kone have held talks on a potential merger of the elevator businesses of the two companies, according to a German daily......»»

Category: topSource: reutersJul 15th, 2018

Thyssenkrupp names finance chief Kerkhoff as interim CEO

Chief Financial Officer Guido Kerkhoff was named interim CEO of Thyssenkrupp on Friday and won the backing of the German industrial group's biggest shareholder, as the search began for a permanent replacement for Heinrich Hiesinger......»»

Category: topSource: reutersJul 13th, 2018