Bill Anderson The new Bayer boss is under pressure to deliver significantly better numbers again in 2024. (Photo: Reuters) Düsseldorf The first fiscal year of the new Bayer boss Bill Anderson will be an unusually bad one for the pharmaceutical company: the net debt will rise again significantly to 36 billion euros by the end … Read more
Reno, Staples, Windeln.de After filing for bankruptcy, more and more companies are threatened with the final end. (Photo: dpa (2), Imago) Düsseldorf More and more companies have to finally shut down operations in insolvency proceedings. Of the 227 large companies that became insolvent in 2022 and filed for bankruptcy, only 42.9 percent could be saved … Read more
Frankfurt When the top managers of billionaire private equity funds gather in Berlin this week for the Super-Return Conference, some will wonder whether the world’s most important meeting place for the industry is still rightly named. A whole range of stress factors is putting pressure on the business model of financial investors. The long phase … Read more
Warren Buffett The star investor had already become active during the 2008 financial crisis. (Photo: AP) Denver Bankers, regulators and government officials have been dealing with a central question for days: How can trust in the US banking system be restored after the Silicon Valley Bank (SVB) went bankrupt? Star investor Warren Buffett is apparently … Read more
ZURICH/BERN According to media reports, the Swiss supervisory authorities are urging UBS to take over its smaller local rival. State guarantees are a prerequisite for a deal that will be frantically negotiated over the weekend. The Swiss government in Bern should issue a guarantee to cover the risks associated with the takeover, it said. The … Read more
– Deutsche Bank headquarters in Frankfurt Drew Goldman was most recently Global Head of Investment Banking Coverage and Advisory at Deutsche Bank in New York. Now the most important dealmaker wants to face new challenges. – (Photo: dpa) – – – – New York Deutsche Bank’s top dealmaker in New York, Drew Goldman, resigns. His … Read more
– Elon Musk The Twitter takeover is in danger of failing – maybe that’s fine with the Tesla boss. – (Photo: Reuters) – – – – Washington The US Securities and Exchange Commission has scrutinized the entry of tech billionaire Elon Musk as a major investor on Twitter. The authority asked the Tesla boss on … Read more
Frankfurt, Rome The Swiss shipping group MSC wants to buy the Italian airline ITA Airways – with Lufthansa as a partner at the side. Memories of the long suffering of the predecessor airline Alitalia are awake: Several times, companies from outside the industry should bring the rescue there, such as the state railway company Ferrovie … Read more
– Siemens Energy plant in Mülheim-Ruhr Siemens Energy announced on Friday that it had agreed not to disclose the purchase price for 35 percent of the shares in the specialist for hydroelectric power station generators. – (Photo: imago images/Udo Gottschalk) – – – – Düsseldorf The energy technology group Siemens Energy is withdrawing from the … Read more
Georg Kofler (left) and Ralf Dümmel in front of the Frankfurt Stock Exchange Kofler is the chairman of the supervisory board and the largest shareholder in Social Chain AG, while Dümmel will be responsible for products, purchasing and sales on the board of directors. – – – – – Düsseldorf On Friday morning Georg Kofler … Read more