MUNICH RE
Q1 results. High payouts for natural catastrophes are expected to slice Munich Re's net profit by more than a tenth to 387 million euros in the first quarter, the average of 16 forecasts in a Reuters poll of banks and brokerages showed. Poll:
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BMW
The world's largest premium auto company is not thinking about extending joint projects with French mass carmaker PSA Peugeot Citroen beyond its current four cylinder engine partnership.
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BAYER
The U.S. Food and Drug Administration said on Thursday it approved Bayer's new birth control pill Natazia. The pill, already licensed in Europe under the brand name Qlaira, is the first four-phase oral contraceptive marketed in the United States, the FDA said.
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SOLAR STOCKS
Germany's Bundestag lower house of parliament approved on Thursday controversial cuts for solar power incentives to take effect from July.
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PUMA
Puma Chief Executive Jochen Steitz says he believes the financial crisis is not yet over, according to his interview with Handelsblatt.
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RHEINMETALL
Q1 results. The technology group, which is active in the automotive components and defense markets, is set to post eanings before interest and taxes (EBIT) of 35 million euros when it unveils first-quarter earnings, the average of 10 bank and brokerage estimates in a Reuters poll shows. Poll:
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AURUBIS
Europe's biggest copper smelter said it expected rising production volume with stable margins for this year after first-half pretax profit, excluding valuation effects, rose 77 million euros from 7 million euros the year earlier.
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PFLEIDERER
Q1 results. The producer of engineered wood and laminate flooring is expected to post a 22 million euro net loss when it unveils first-quarter earnings. Poll:
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TOGNUM
Q1 results. The offroad diesel engine maker was expected to report first-quarter adjusted operating profit fell 36 percent as a drop in orders last year fed through to a lower top line, a Reuters poll found. Poll:
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ROFIN-SINAR
German-U.S. laser machine producer said it revised upward its sales target for the current business year after sales rose fourfold in the quarter to March, thanks to rising demand from machine engineering, medical technology and semi-condutory industries.
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ANNUAL GENERAL MEETINGS
DRAEGERWERK, proposed div 0.40 eur/shr
COMDIRECT, proposed div 0.41 eur/shr
TRADING EX-DIVIDEND
E.ON, div 1.50 eur/shr
ADIDAS,, div 0.35 eur/shr
HEIDELBERGCEMENT, div 0.12 eur/shr
CELESIO, div 0.50 eur/shr
BIOTEST, div 0.40 eur/shr
OVERSEAS STOCK MARKETS
Dow Jones dropped 3.20 pct, S&P 500 3.24 pct, Nasdaq 3.44 pct at Thursday's close.]
Nikkei down 2.86 pct at 0459 GMT.
GERMAN ECONOMIC DATA
Industrial output for March due 0900 GMT. Seen up 1.4 pct m/m.
EUROPEAN FACTORS TO WATCH
DIARIES
REUTERS TOP NEWS
(Reporting by Marilyn Gerlach) (marilyn.gerlach@thomsonreuters.com; +49 69 7565 1279; Reuters messaging: marilyn.gerlach.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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