Bank of America makes significantly less quarterly profit
CHARLOTTE – After brilliant business in the pandemic, Bank of America earned significantly less at the beginning of the year. In the first quarter, net profit fell by around 12 percent year-on-year to $7.1 billion (6.6 billion euros), as the money house announced on Monday in Charlotte. However, the bank increased total earnings by two percent to $23.2 billion. This was largely due to a strong consumer credit business. The share reacted before the market with slight price increases.
Tech billionaire Musk tries to take over Twitter – company fights back
SAN FRANCISCO – Elon Musk, the richest person in the world, wants to buy Twitter – but it is questionable whether his takeover attack will succeed. The Tesla boss is dependent on enough shareholders giving him their shares at the offered price of $54.20. Twitter fought back on Friday.
After Bayer defeat: Dortmund qualified for the Champions League
DORTMUND – Borussia Dortmund (BVB (Borussia Dortmund)) has already qualified for the Champions League after Bayer Leverkusen lost to RB Leipzig on Sunday evening. The Werkself’s 1-0 draw removed the last doubts about Dortmund’s return to the premier league, as there was a duel between Leverkusen and the current Fnften SC Freiburg on the last day of the game.
VW plants in Northeast China are gradually resuming production
BEIJING – After a month’s standstill due to the corona lockdown in Changchun in northeast China, the Volkswagen (Volkswagen (VW) vz) group’s plants in the Chinese metropolis have gradually resumed production. As a spokeswoman also reported on Monday in Beijing, it is also being checked whether the VW (Volkswagen (VW) vz) plant in Anting in Shanghai can be started up again after two and a half weeks.
Mercedes works council calls for electric motor production in Stuttgart
STUTTGART – According to works council chairman Michael Hberle, the next generation of electric motors will also be produced at the Stuttgart-Untertrkheim motor plant from 2027. Batteries and the so-called electrified drive train are already being built in the Stuttgart district of Untertrkheim, Hberle told the “Spiegel”. The actual heart, the electric motor, is supplied by an external partner. “We have to be able to react even faster to the increasing demand for electric cars,” said Hberle, who is also a member of the Supervisory Board.
Ankerkraut sold to Nestl – customers are up in arms
HAMBURG – The Hamburg spice trader Ankerkraut has dealt with a veritable shitstorm with the sale of the majority of the company to the food company Nestl. On Facebook alone, the Ankerkraut account received more than 20,000 comments by Friday – and almost all of them were negative. The situation was similar on Twitter and Instagram. Many accuse the founders Anne and Stefan Lemcke of having betrayed their values and are announcing a boycott of Ankerkraut products. A number of influencers, including LeFloid, are also turning their backs on the company, which became known primarily through its appearance on the television show “The Lion’s Den” (DHDL) in 2016.
Household goods manufacturer Leifheit with a significant drop in earnings
NASSAU – High freight and energy costs as well as material shortages are a burden for the household goods manufacturer Leifheit. Against the background of the war in the Ukraine and the growing inflation, consumer restraint can also be felt, the company in Nassau an der Lahn announced on Thursday. According to preliminary calculations, earnings before interest and taxes (EBIT) fell by around 67 percent to EUR 2.7 million in the first quarter of 2022 compared to the same period last year. At EUR 71.8 million, sales were 16.5 percent below the same quarter of the previous year.
Auto supplier Mahle is looking for a new boss
STUTTGART – Matthias Arleth, CEO of the automotive supplier Mahle, is leaving the company on April 30th. Mahle announced on Friday that the “consensual termination of the cooperation” was due to differing views on the future strategic direction of the group. Until the Supervisory Board decides on a successor, Michael Frick (55), Deputy Chairman of the Management Board, will take over as Chairman of the Management Board. Arleth joined the technology group in January 2022.
Peloton wants to increase the number of customers with cheaper devices
NEW YORK – Cheaper devices and more expensive subscription offers – the new management of the sporting goods supplier Peloton is screwing up the business model after high losses. The price of the company’s exercise bikes and treadmills will be reduced in all markets, Peloton announced on Thursday (local time). For example, the cheapest Peloton bike in Germany now costs 1445 euros, 300 euros less than before. In the home market of the USA, customers should also pay 44 instead of the previous 39 dollars for networking with online training hours. The subscription prices abroad remain “currently” unchanged, while the range of content is being expanded.
Deutsche Bank Deputy von Rohr warns against overly strict banking regulation
BERLIN – Deutsche Bank vice boss Karl von Rohr has warned politicians against making equity capital rules for banks stricter in view of the uncertain economic situation. “We don’t think it makes sense to tighten up some of these instruments now,” he told the “Frankfurter Allgemeine Sonntagszeitung”. You shouldn’t lose your balance, especially in the current situation.
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Additional Reports
-ROUNDUP/Forecast: Housing will collapse
-Sri Lanka restricts petrol and diesel at petrol stations
-Brexit and Covid put British language schools in existential distress
Association: New law saves 40 million male chicks a year
-Dner prices rise significantly – Imbiss visits are becoming more expensive
-First successes in water use project with data from space
-Prices for roof tiles are increasing noticeably
-After several forced breaks: VW diesel process continues after Easter
-Planned natural gas production before Borkum – distribution still unclear
-Where gold comes from in Germany – very high recycling rate
-Kiev: Flixbus resumes trips to Ukraine
-US authorities grant emergency approval for corona breath test
-Deutsche Bahn: As expected, trains are more heavily used
-ROUNDUP/Minister: Building more and more new single-family houses ecologically nonsensical
-USA impose sanctions on seven Belarusian planes
-Caritas: Nursing services reduce services due to high fuel prices
-Uber driver protest in India: Passengers have to sweat
Funds demand a reduction in VAT on medicines
-TV ratings: ‘Das Traumschiff’ takes everyone away
-ROUNDUP 2/Haaland scores again before Bayern hit: ‘Can tolerate pain’
-German fishermen continue to be under pressure due to high fuel prices
-DIHK calls for improvements to the package for the expansion of free electricity
-Ministry of Commerce: Security of supply currently guaranteed
-ROUNDUP/Habeck: Citizens can save ten percent of their energy
-Airport spokeswoman: More than 70,000 passengers at BER for the first time
-Industrial consultants promote sustainability and regionalization
-Raw Materials Agency: More independence from Russia through recycling
-Mexico’s president fails with energy reform in parliament
-China’s longest space mission to date successfully completed
-ProSieben is also planning a ‘Free ESC’ in 2022
-Biden unveils new Fed nominee for top banking regulator
-Nasa cancels ground test of lunar missile system again
Customer note:
ROUNDUP: You are reading a summary in the company overview. There are several reports on the dpa-AFX news service on this subject.
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