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Lufthansa Duels Over Chairman

Deutsche Lufthansa AG's shareholders meeting Tuesday became a duel between U.S. and German corporate-governance standards amid a dispute over whether the airline's former chief executive, Wolfgang Mayrhuber, should be elected its next chairman.At issue was whether Mr. Mayrhuber, who left the CEO post in 2010, should become chairman of the supervisory board. Only 63.2% of voting shareholders approved his election, far below the more than 90% typical in such votes.Germany has been trying for years to adopt corporate-governance standards more in line with international practices, in part to assuage the many foreign investors, in particular those from the U.S., with major stakes in the country's big companies.The Lufthansa rift underscores the continued resistance to embracing the U.S. governance model, however. Moving a CEO to the chairman's office was commonplace in Germany until recently. U.S. investors argue that such transitions allow former CEOs to paper over their mistakes at the he...

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  1. Linde Receives Plant Contract from Reliance Industries

    German industrial gases company Linde AG (LIN.XE) said Tuesday it has received a contract from India's Reliance industries Ltd. to build several plants for generatin...

  2. Linde to Build Natural Gas Terminal in Emden, Germany

    German industrial gases company Linde AG (LIN.XE) Wednesday said it will build a natural gas terminal in Emden, Germany, for Norway's state-owned Gassco AS.MAIN FACT...

  3. Linde AG to Build Six Air Separation Units in China

    German industrial gases company Linde AG (LIN.XE) said Monday it will build six air separation units in northwest China.MAIN FACTS:-The units are for the Shenhua Nin...

  4. Linde Sees Sales, Profit Rising On Emerging Market Demand

    German industrial gases company Linde AG (LIN.XE) said Thursday it expects higher sales and operating profit this year, helped by demand for its energy, environment ...

  5. EARNINGS FORECAST TABLE: Linde 4Q 2012

    The following is a summary of analysts' forecasts for Linde AG (LIN.XE) fourth-quarter results, based on a poll of 11 analysts conducted by Dow Jones Newswires (figu...

  6. Linde CEO Reitzle Says Won't Switch Into Supervisory Board-Report

    German industrial gases company Linde AG's (LIN.XE) chief executive officer wants to step down in 2014 and won't consider switching into the company's supervisory bo...

  7. PRESSESPIEGEL/Unternehmen

    Gut ein Jahr vor dem Ende seiner Amtszeit ist die Nachfolge von Wolfgang Reitzle, dem Vorstandsvorsitzenden beim Gasekonzern Linde, weiter offen. In seiner Not denkt...

  8. EUROPE MARKETS: Europe Slips Ahead Of Bernanke; TNT, Plunges

    European stock markets ended lower Monday as investors awaited a speech by U.S. Federal Reserve Chairman Ben Bernanke, while shares of TNT Express NV plunged after U...

  9. EUROPE MARKETS: French Banks Up As The Rest Of Europe Struggles

    European stock markets struggled to make headway Monday as investors awaited the start of U.S. earnings season later in the week and as Wall Street kicked off tradin...

  10. Europe Stocks Climb Ahead Of U.S. Jobs Report

    European stock markets moved higher in early action on Friday, with oil firms in the lead, as investors awaited monthly jobs data from the U.S. to hint of the health...

  11. EARNINGS FORECAST TABLE: Linde 3Q 2012

    The following is a summary of analysts' forecasts for Linde AG (LIN.XE) third-quarter results, based on a poll of eight analysts conducted by Dow Jones Newswires (fi...

  12. Linde Saves EUR80 Million in First Half of 2012

    German industrial gases company Linde AG (LIN.XE) is making progress with its cost savings program and has cut costs by around 80 million euros ($103.2million) in th...

  1. EUROPE MARKETS: Europe Stocks Struggle With London Out, U.S. Flat

    European stock markets struggled for direction on Monday, with volumes hampered by a lack of trading in London. Retail sales data for Europe were among the few focal...

  2. Linde Redeems EUR400 Million Undated Subordinated Bond

    Linde AG (LIN.XE) will call and redeem an undated subordinated bond at its nominal amount, the German industrial gases company said Monday.MAIN FACTS:-The bond amoun...

  3. EUROPE MARKETS: Europe Stocks Flat As London Takes A Break

    European stock markets struggled for direction on Monday, with volumes hampered by a lack of trading in London. Retail sales data for Europe was among the few focal ...

  4. Europe Stocks Mostly Lower, London On Holiday

    European stock markets opened mostly lower on Monday, with a holiday in London and a lack of data or major earnings news keeping momentum subdued. After hitting a ne...

  5. Linde 1Q Revenue Increases, Confirms 2013 and 2016 Outlook

    German industrial gases company Linde AG (LIN.XE) Monday said group revenue increased in the first quarter of 2013, supported by growth in the healthcare division an...

  6. EARNINGS FORECAST TABLE: Linde 1Q 2013

    The following is a summary of analysts' forecasts for Linde AG (LIN.XE) first-quarter results, based on a poll of 10 analysts conducted by Dow Jones Newswires (figur...

  7. Linde Plans 10-Year Euro, 5-Year Dollar Bond

    German engineering and chemicals group Linde AG (LIN.XE) plans a euro-denominated 10-year bond and a five-year dollar bond, one of the banks running the deal said We...

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