March 21, 2010
Published: 14 Nov 09 15:08 CET
Online: http://www.thelocal.de/money/20091114-23271.html
Generic drug firm Ratiopharm plans to bring a cheap version of anti-impotence pill Viagra to the German market in 2013, business weekly Wirtschaftswoche reported Saturday.
DDP/The Local (news@thelocal.de)
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Germany’s ruling Christian Democrats have proposed a sweeping price freeze on prescription drugs for three years, the Süddeutsche Zeitung reported on Saturday. READ (1 COMMENT) »
Germany's parliament Friday approved a budget for 2010 with a record level of new borrowing, as Europe's top economy seeks to bounce back from the most severe recession since World War II. READ »
Finance Minster Wolfgang Schäuble said on Friday that Germany considers foreign criticism of its large trade surplus, most recently from France, a compliment. READ (7 COMMENTS) »
Israeli pharma group Teva on Thursday said it would buy generic drugmaker Ratiopharm, formerly owned by a German billionaire who killed himself, for €3.6 billion. READ »
German industrial giant Siemens announced on Thursday a broad restructuring of its SIS information technology division that includes the elimination of 4,200 jobs worldwide. READ »
The world's top-selling luxury car maker, BMW, announced Wednesday its pre-tax profit for 2010 would grow significantly, helped by a surge in new or revamped models such as the popular 5-series. READ »
The German luxury carmaker Porsche said on Wednesday that has paid down nearly half its mountain of debt but that it expects to suffer a net loss in its current fiscal year. READ (1 COMMENT) »
The German industrial group Siemens will cut at least 1,000 jobs as it restructures its SIS information services unit with an eye towards listing it on the stock market, a press report said on Wednesday. READ »
Every fifth German household will face rising electricity prices in the coming weeks, a consumer report said on Tuesday. READ (1 COMMENT) »
Deutsche Bank announced on Tuesday the 2009 compensation package for CEO Josef Ackermann was nearly €10 million ($14 million), but 70 percent of this would depend on future performance. READ »
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