Hapag-Lloyd AG, Germany’s biggest container shipping line, chose the head of A.P. Moeller-Maersk A/S’s freight-forwarding arm to succeed Chief Executive Officer Michael Behrendt next year as the company attempts to steer its way out of an industry crisis.
IVG AG fell the most since September 2001 in Frankfurt trading after the German property investor missed its 2012 profit forecast and said it won’t pay a dividend. The shares dropped as much as 21 percent.
Deutsche Lufthansa AG, Europe’s second-biggest airline, will combine short-haul operations outside its main Frankfurt and Munich hubs with the Germanwings low-cost unit as part of a cost-reduction effort.
Deutsche Lufthansa AG, Europe’s second-largest airline, said it’s confident of reaching its full-year earnings targets as a savings plan starts to take hold and after the carrier averted more strikes with a pay accord.
Deutsche Lufthansa AG was forced into an ad-hoc search for a new candidate to head its supervisory board after former Chief Executive Officer Wolfgang Mayrhuber surprisingly pulled out one day before he was due to be elected.