Word: frankfurts
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...just an attempt, as one union official put it, to "pinch German engineering." The unions regard Magna as an innovative company that put forward the best plan to secure the long-term future of Opel. At the carmaker's headquarters in the town of Rüsselsheim near Frankfurt, workers were hugging friends and colleagues outside the factory on Saturday when news of the deal broke. Many were surprised the German government finally stepped in to save the traditional carmaker Opel in the nick of time, just before its parent company, the U.S. car giant, GM, went under...
...fossil is so perfectly preserved because Ida probably died quickly and nonviolently; her resting place was an abandoned quarry called the Messel Pit, near Frankfurt. At the time she lived, the pit was a lake out of which poisonous volcanic gases probably belched from time to time. Likely felled by such an outburst, she tumbled into deep, oxygen-poor water where she would have been buried by sediments before she could decompose. Indeed, the Messel Pit is such a rich source of well-preserved fossils that it's been designated a UNESCO World Heritage Site. (Read about China's fossil...
Need a break from meetings and doing deals in corporate Frankfurt? Take your soul on a trip to the historic spa town of Wiesbaden - just half an hour's drive away from Germany's financial hub. Here are three of Wiesbaden's finest places to soak away the working week...
...attempts to woo industry through subsidies work so well. While Dresden has managed to reinvent itself as a micro-electronics "cluster," a similar attempt by the town of Frankfurt an der Oder failed. Around eastern Germany, there are numerous examples of industries without real prospects being kept alive artificially, complains Holznagel of the Taxpayers' Federation, citing tilemaking and leather-treatment plants on the Baltic coast. "The subsidies just prolong the death," he says, "but it comes anyway...
...news of the rights issue, Porsche's shares tumbled 15.2% to $64.28 in early Frankfurt trading on Thursday. The company issued a statement saying the controlling families had discussed "capital measures," but did not elaborate...