Frankfurt - VfL Wolfsburg coach Felix Magath is on a collision course with German football authorities after saying he would not accept a 10,000-euro (12,700 dollars) fine for insulting a referee.
The German football federation DFB reacted angrily Tuesday after Magath criticized the fine imposed last Friday by its control panel and said he would be appealing.
DFB vice-president Rainer Koch said Magath had "trivialized" an insulting comment to a referee and was "stirring up opinion" against match officials.
Frankfurt - Commerzbank AG's shares surged Friday after Germany's second-biggest bank said it was fast-forwarding its bid for rival Dresdner Bank as a result of the more favourable terms for the purchase created by the world financial crisis.
Frankfurt-based Commerzbank said that it was planning to wind up its takeover about six months ahead of time with the financial crisis resulting in the offer for Dresdner being cut to 5.1 billion euros (6.6 billion dollars) from a previous 9.8 billion euros.
Frankfurt - Commerzbank AG's shares surged Friday after Germany's second-biggest bank said it was fast-forwarding its bid for rival Dresdner Bank as a result of the more favourable terms for the purchase created by the world financial crisis.
Frankfurt-based Commerzbank said that it was planning to wind up its takeover about six months ahead of time with the financial crisis resulting in the offer for Dresdner being cut to 5.1 billion euros (6.6 billion dollars) from a previous 9.8 billion euros.
Frankfurt - German bank Commerzbank announced late Thursday that it would accelerate its planned takeover of Dresdner Bank from the current parent, insurance group Allianz, at barely half the earlier price.
Under a revision of the deal first struck in August, Frankfurt- based Commerzbank, Germany's second largest bank, will complete the takeover in January, rather than in the second half of 2009 as originally agreed.
Frankfurt - German airline Lufthansa cancelled two flights to the Indian city of Mumbai on Thursday and said a decision on Friday flights depended on the likely safety for its crew and passengers.
The flights had been set to depart from Frankfurt and Munich.
The German Foreign Ministry advised travellers in India Thursday to keep informed about the situation after the terrorist attacks in Mumbai and to avoid large crowds.
Frankfurt - German airline Lufthansa said Wednesday it is launching a new subsidiary in Italy called Lufthansa Italia.
With an initial fleet of six Airbus A319 aircraft, Lufthansa Italia will offer flights from Milan's Malpensa airport to major European destinations from February 2009.
"Lufthansa Italia will position us in an important market characterised by strong demand, which also holds out opportunities for buoyant growth in the future," said Lufthansa chief executive Wolfgang Mayrhuber.
Frankfurt - VfL Wolfsburg coach Felix Magath is on a collision course with German football authorities after saying he would not accept a 10,000-euro (12,700 dollars) fine for insulting a referee.
Frankfurt - Commerzbank AG's shares surged Friday after Germany's second-biggest bank said it was fast-forwarding its bid for rival Dresdner Bank as a result of the more favourable terms for the purchase created by the world financial crisis. 
Frankfurt - Commerzbank AG's shares surged Friday after Germany's second-biggest bank said it was fast-forwarding its bid for rival Dresdner Bank as a result of the more favourable terms for the purchase created by the world financial crisis.
Frankfurt - German bank Commerzbank announced late Thursday that it would accelerate its planned takeover of Dresdner Bank from the current parent, insurance group Allianz, at barely half the earlier price.
Frankfurt - German airline Lufthansa cancelled two flights to the Indian city of Mumbai on Thursday and said a decision on Friday flights depended on the likely safety for its crew and passengers.
Frankfurt - German airline Lufthansa said Wednesday it is launching a new subsidiary in Italy called Lufthansa Italia.
