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Stock Market & Financial Investment News

News Breaks
January 28, 2014
06:17 EDTDTEGY, DLAKYLufthansa considers former Deutsche Telekom head for CEO job, Reuters reports
Lufthansa (DLAKY) contacted Rene Obermann, the former CEO of Deutsche Telekom (DTEGY), as it looks for a new CEO, according to Handelsblatt and Rheinische Post newspapers, reports Reuters.Reference Link
News For DLAKY;DTEGY From The Last 14 Days
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November 26, 2014
05:54 EDTDTEGYEE confirms Deutsche Telekom, Orange talks with BT Group
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November 25, 2014
06:41 EDTDTEGYBT Group in good position for M&A deals, Reuters columnist says
Britain's BT Group (BT) is in a strong position to carry out M&A deals in the mobile space, and could look to buy Telefónica’s (TEF) O2 unit or Orange and Deutsche Telekom’' (DTEGY)s EE, a Reuters Breakingviews columnist wrote. However, BT would have to beat out competing bidders for either potential target, the columnist added. Reference Link
November 19, 2014
13:06 EDTDTEGYDeutsche Telekom CEO says T-Mobile could again attract suitors, Bloomberg says
Bloomberg quotes Deutsche Telekom (DTEGY) CEO Timotheus Hoettges speaking in interview as having said that T-Mobile (TMUS) could attract interest from suitors such as Comcast (CMCSA), DISH (DISH) or America Movil (AMOV, AMX).
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.

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