Reuters: Bankruptcy News: German stocks - Factors to watch on Sept 3

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German stocks - Factors to watch on Sept 3 Sep 3rd 2012, 05:23 FRANKFURT, Sept 3 | Mon Sep 3, 2012 2:18am EDT FRANKFURT, Sept 3 (Reuters) - The DAX top-30 index looked set to open down 0.3 percent on Monday, according to premarket data from brokerage Lang & Schwarz at 0607 GMT. The following are some of the factors that may move German stocks: FRESENIUS, RHOEN-KLINIKUM Fresenius indicated up 1.1 pct, Rhoen down 16.4 percent Healthcare conglomerate Fresenius has dropped plans to renew its 3.1 billion euro offer for hospital operator Rhoen-Klinikum , Rhoen said on Monday. Related news BAYER Indicated down 0.3 pct Leaving the euro zone could help Greece to recover economically and prevent the region's debt crisis from spreading, the head of the German drugmaker was quoted as saying in a newspaper interview on Saturday. Related news LUFTHANSA Indicated down 0.1 percent Cabin crews of the German airline will strike again on Tuesday and extend work stoppages, after a labour action on Friday over pay and cost-cutting measures brought Frankfurt airport, Germany's busiest, to a standstill. The airline said on Saturday the strike had cost the company millions. Related news DEUTSCHE BANK Indicated down 0.6 percent Deutsche Bank's BHF unit has generated a pretax profit of 31.2 million euros in the first half boosted by the sale of the BHF building in Frankfurt, German magazine WirtschaftsWoche reported, without saying where it obtained the information. Related news VOLKSWAGEN Indicated down 0.6 percent Europe's largest car maker denied a German magazine report it was bracing for a slump in the economy and had told suppliers it was considering cutting production by 10 percent in the European autumn. Related news EADS Indicated down 1.1 percent The group's Airbus unit said on Friday that it was delaying by at least three months the first delivery of Europe's flagship military transporter plane next year, blaming engine problems. Related new SIEMENS Indicated down 0.5 percent Union IG Metall has accused management of hindering the USW union in the U.S. and offered its support to the union there, Sueddeutsche Zeitung reported on Monday. Related news RATIONAL Indicated unchanged Rational plans to build a factory in the Americas or in Asia as part of its strategy to expand without takeovers, Chief Executive Guenter Blaschke said, according to German paper Frankfurter Allgemeine Sonntagszeitung. Related news BERTELSMANN The Mohn family which controls Bertelsmann, Europe's largest media group, has decided against taking the company public, German newspaper Handelsblatt reported, citing an unnamed source familiar with the family's thinking. A spokesman for Bertelsmann declined to comment. Related news SCHLECKER Creditors of German drugstore chain Schlecker, which filed for insolvency in January, will have to write off most of their claims against the company, its insolvency administrators said, according to German magazine WirtschaftsWoche. Related news OVERSEAS STOCK MARKETS Dow Jones up 0.7 pct, S&P 500 up 0.5 pct, Nasdaq up 0.6 pct at Friday's close. Nikkei closed down 0.6 pct. GERMAN ECONOMIC DATA German Markit/BME manufacturing PMI for August due at 0753 GMT. Seen unchanged at 45.1. EUROPEAN FACTORS TO WATCH DIARIES REUTERS TOP NEWS (Reporting by Peter Dinkloh and Victoria Bryan) Link this Share this Digg this Email Reprints

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