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Stock Market & Financial Investment News

News Breaks
July 7, 2014
10:43 EDTAIRYY, DLAKYLufthansa, Air China expand partnership
During German Chancellor Angela Merkel's state visit to China, Song Zhiyong, CEO of Deutsche Lufthansa (DLAKY), signed a memorandum of understanding in Beijing to expand the scope of the strategic partnership with Air China (AIRYY). In the summer season of 2014, Air China and Lufthansa have a joint capacity input of 81 flights per week on the Sino-German routes.
News For DLAKY;AIRYY From The Last 14 Days
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November 18, 2014
05:29 EDTDLAKYIBM signs EUR 1B contract with Lufthansa
IBM (IBM) announced that it has signed a seven-year EUR 1B outsourcing contract to deliver IT infrastructure services for the Deutsche Lufthansa AG (DLAKY) and its Group companies. According to the agreement, which is subject in particular to the approval of the Lufthansa Supervisory Board and antitrust authorities, IBM will first optimize the airline's IT processes to increase efficiency, which is expected to generate an estimated cost savings by an average of approximately EUR 70M annually for the Lufthansa Group. This agreement is in line with the terms and conditions as published already in October. As part of the outsourcing agreement, IBM will manage Lufthansa Systems' entire data center operations, help desk and printer services along with individual infrastructure services. Around 1,400 Lufthansa Systems employees will transfer to IBM. Infrastructure services are scheduled to begin from IBM on April 1, 2015. The contract was signed November 15, 2014.
November 16, 2014
17:47 EDTAIRYYAir China downgraded to Sell from Neutral at Goldman

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