ADIDAS
Adidas is not afraid of losing its footing in the heated competition with athletic giant Nike, Adidas' CEO told Reuters on Monday, adding April sales were in line with the group's new 2010 targets.
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DEUTSCHE POST, DEUTSCHE POSTBANK
Deutsche Postbank aims to take over 277 of 350 remaining post branches from July 1, the Hannoversche Allgemeiner Zeitung newspaper reported.
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DEUTSCHE BANK
The lender and investment bank hired several managers to strengthen its global credit sales and trading unit.
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EADS
Boeing Co intends to bid in a multibillion-dollar U.S. Air Force refuelling plane competition although it remains concerned that rival bidder EADS could have an advantage in the competition because it receives government subsidies.
Separately, Boeing said it would boost production of its narrow-body 737 model to 34 aircraft per month, citing strong demand from airlines as they rebound from a steep downturn in 2008 and 2009.
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EURO ZONE CRISIS
Germany is drawing up plans to boost the euro and avert future debt crises, a finance ministry spokesman said on Monday.
Meanwhile, euro zone finance ministers aim rapidly to iron out wrinkles in the 750 billion euro plan they hatched a week ago to calm markets and stem fears of serial Greek-style debt crises in the currency area.
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BANKING
German Chancellor Angela Merkel's conservatives will push for a European financial transaction tax to help cover the costs of the debt crisis, parliamentary sources told Reuters on Monday.
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RETAIL
European buyout firm Triton is threatening to pull out as sole bidder for insolvent department store chain Karstadt after saying it has made no progress in talks with employees. The creditor committee's deadline for the sale is May 28.
Sources familiar with the matter told Reuters in April that the Highstreet consortium led by Goldman Sachs and Deutsche Bank, which owns about two-thirds of the Karstadt store space, was considering a takeover of Karstadt if no other investor emerged.
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ANNUAL GENERAL MEETINGS:
BMW, proposed div 0.30 eur/shr
TOGNUM, proposed div 0.35 eur/shr
OVERSEAS STOCK MARKETS
Dow Jones closed up 0.05 pct, S&P 500 finished up 0.11 pct, Nasdaq 0.31 pct higher at Monday's close.
Nikkei -0.12 pct at 0501 GMT.
GERMAN ECONOMIC DATA
ZEW current conditions for May due 0900 GMT. Seen at -33.3 vs -39.2 in the previous month. Economic sentiment seen at 47.0 vs 53.0.
EUROPEAN FACTORS TO WATCH
DIARIES
REUTERS TOP NEWS
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