Transatlantic-News Ticker
ThyssenKrupp Weighs Sale or Partner for US Plants
(Bloomberg) - ThyssenKrupp AG, Germany’s largest steelmaker, may seek a partner or sell its US plants as expenses rise and North American demand slows. The US economy is showing no “major momentum,” the Essen-based steelmaker said in a statement announcing the review....more
Germany's T-Mobile to Cut 900 US Jobs
(phys.org) - Germany's T-Mobile, the fourth-largest wireless telecommunications company in the United States, said it would cut 900 jobs in the US as part of a company-wide restructuring. According to a company spokesman, the company plans to implement changes that...more
Demand for Pesticide Picks Up in US
San Francisco (gtai) - Demand for pesticides in the US is to increase annually until 2016 by approx. 2.6% to US$ 12.1 billion. Demand for herbicides is likely to show an above-average increase. In 2011, imports of pesticides grew by a total of 8.7% to US$ 816 million....more
FDA to Facilitate Quicker Market Access for Innovative Medical Technology Products
San Francisco (gtai) - The U.S. Food and Drug Administration (FDA) has launched "Innovation Pathway", a program to accelerate the market launch of innovative medical technology by an early and close cooperation with manufacturers. In the program's second...more
Westerwelle Lays Out Six-Point European Growth Pact
(germany.info) - Foreign Minister Westerwelle emphasized the Government’s equally strong focus on both budgetary discipline and growth policy as means of overcoming the sovereign debt crisis in Europe. "Our efforts are both pragmatic and far-sighted." Moremore
Liberalize Trade, Remove Tariffs
(AmCham) - In light of the rising significance of emerging economies in world trade, AmCham Germany calls for a deepening of the trade relationship between the EU and the USA. AmCham Germany has formulated recommendations on how this can be achieved. The removal of...more
German American Chamber of Commerce, Inc. Welcomes New Board Members
During the GACC’s Annual Meeting in New York, five new candidates were appointed to the board by the GACC´s Nominating Committee. The GACC's members and staff are honored to welcome five new Directors: Michael Kruklinski, Head of Region Americas, Siemens Real Estate,...more
Henkel Says U.S. Returns to Role as Growth Market
(The Wall Street Journal) - German Henkel AG, which makes laundry detergents, beauty products and consumer and industrial glues, said that the U.S. market is recovering, echoing comments by other European companies that have relied on overseas markets to offset weaker...more
MetroPCS' Shares Soar on T-Mobile Merger Talk
(Reuters) - Shares of MetroPCS Communications Inc surged as much as 29% after Bloomberg reported the mobile phone service provider was discussing a merger with Deutsche Telekom subsidiary T-Mobile USA. Many Wall Street analysts argue that consolidation is needed among...more
Deutsche Post With Plans for US Hub Expansion
(Financial Times) - Deutsche Post is planning to "significantly" expand its DHL Express mail hub in Cincinnati, Ohio, to profit from the rising volume of parcels that US companies and consumers want delivered quickly to South America, Europe or Asia. The...more
