Frankfurter Rundschau News
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Financial Times Deutschland, the unprofitable pink newspaper that was spun off from the U.K. title, was shuttered today, the latest victim of contracting circulation and advertising revenues as readers go online.
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Bertelsmann AG’s Gruner + Jahr AG & Co KG unit decided to shut down its Financial Times Deutschland newspaper after the business publication failed to generate a profit since it was started 12 years ago.
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OAO Gazprom bought Envacom Service GmbH, a German electricity and telecommunications provider, to enter the country’s consumer market, Frankfurter Rundschau reported yesterday, citing the head of the German company.
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Paris prosecutors opened a preliminary inquiry over manipulation of the London interbank offered rates, or Libor, after a complaint by a Societe Generale SA shareholder.
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General Motors Co.’s Opel unit should return to a profit by 2012 at the latest, Nick Reilly , Opel’s chief executive officer, told Frankfurter Rundschau .
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German politicians’ derogatory and conflicting comments about other euro member states have created an impression of arrogance and sullied Germany’s image abroad, Foreign Minister Guido Westerwelle said.
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European Central Bank Executive Board member Joerg Asmussen said Germany’s Bundesbank isn’t isolated because of its opposition to bond purchases, Frankfurter Rundschau reported, citing an interview.
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Germany’s Bundesbank stepped up its criticism of the European Central Bank’s plan to embark on potentially “unlimited” government bond purchases, widening a rift over how to tackle the sovereign debt crisis.
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General Motors Co.’s Opel unit will keep all four German production sites open, Frankfurter Rundschau reported, citing a confidential framework agreement.
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Real wages in Germany will rise 0.8 percent in 2012, the Frankfurter Rundschau reported, citing Heiko Peters, a member of the scientific staff at Germany’s Council of Economic Experts.
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