ThyssenKrupp CEO sees Steel Americas loss next year

FRANKFURT (Reuters) - ThyssenKrupp is considering demanding compensation from its former chief executive and other managers for costly investments in steel plants in Brazil and the United States. A spokesman for ThyssenKrupp confirmed on Sunday a Der Spiegel magazine report that supervisory board chairman Gerhard Cromme had mandated a law firm to determine whether former Chief Executive Ekkehard Schulz and other former board members had knowingly provided wrong information regarding the investments. The spokesman said the expert report would find out whether the company could seek ...

FRANKFURT (Reuters) - Consolidation of European banks is not yet at an end, and Germany's sector with its many small banks will have to change, the co-chief executive of Deutsche Bank told a German newspaper.

FRANKFURT (Reuters) - ThyssenKrupp is considering demanding compensation from its former chief executive and other managers for costly investments in steel plants in Brazil and the United States.

Trefis submits: Our price estimate for U.S. Steel (X) stands at $60.17, roughly 15% ahead of market price.

Taxpayers are already on the hook for $180 billion in losses at Fannie Mae and Freddie Mac. That number is going to rise, perhaps significantly. The clever synonym for more taxpayer losses is "treasury Advance". With that understanding, please consider Fannie Mae's Losses Narrow but Treasury Advance Requested.

German steel giant ThyssenKrupp said on Friday it booked heavy losses in its business year just ended owing to massive 2.9 billion euros ($3.9 billion) in writedowns on its US and stainless steel businesses.ThyssenKrupp said in a statement it booked bottom-line net loss of 1.783 billion euros in the 12 months to September compared with profit of 927 million euros a year earlier, on a 15-percent rise in sales to 49.09 billion euros.