Bad Homburg News
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Sales of high-yield corporate bonds in Europe dropped this week to the lowest in more than a month as the cost of insuring the debt rose and the euro-area recession extended to a record sixth quarter.
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Fresenius SE said first-quarter profit climbed 12 percent, boosted by the performance of two units that manage hospitals and sell intravenous therapies.
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German stocks advanced to a three- week high amid optimism central banks will opt for further stimulus, and as companies including Deutsche Bank AG posted better than expected earnings.
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In the spring of 1945, Harald Quandt, a 23-year-old officer in the German Luftwaffe, was being held as a prisoner of war by Allied forces in the Libyan port city of Benghazi when he received a farewell letter from his mother, Magda Goebbels -- the wife of Nazi propaganda minister Joseph Goebbels.
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Fresenius SE said it expects profit will exceed 1 billion euros ($1.3 billion) in 2013, one year earlier than forecast, as its Kabi intravenous drugs and devices unit contributes to growth.
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A type of intravenous solution made by Fresenius SE and B. Braun Holding GmbH that’s used to treat shock has a 10 percent higher risk of death than another treatment, an analysis by U.K. researchers found.
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Fresenius Medical Care AG , the world’s biggest provider of kidney dialysis, reported a 10 percent gain in third-quarter profit and raised its forecast for the year.
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Fresenius SE, the German operator of the Helios hospital chain and the Fresenius Kabi infusion- therapy distributor, was asked to take writedowns on Greek government bonds it received in lieu of unpaid hospital bills.
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Fresenius Medical Care AG, the world’s biggest provider of kidney dialysis, reported a higher first- quarter profit on increased demand for blood cleansing services.
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Fresenius Medical Care AG, the world’s biggest provider of kidney dialysis, said third-quarter operating profit increased as it boosted volume and improved cost management to offset lower prices in the U.S.
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