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Merkel Urges Europe to Unite on Migrant Crisis

German Chancellor Angela Merkel called on Europe to tackle the migrant crisis and agree on a fair distribution of people, warning that failing to do so might put the EU’s open-border policy at risk.

Oil Surges as Supply Estimates Shrink

Oil prices soared Monday, marking their strongest three-day rally since Iraq’s 1990 invasion of Kuwait, on doubts the global glut of crude would be as long-lasting as many investors and traders had earlier believed.

Islamic State Blows Up Palmyra Ruins

Islamic State has partially destroyed Palmyra’s 2,000-year-old Temple of Bel in a massive explosion, the latest in a series of attacks by the militants on the Syrian city’s famed historic sites. 165

Samsung Takes Smartwatch Fight to Apple

Samsung plans to unveil a new smartwatch, as the company attempts to prove that it can outshine Apple on design in a nascent product category.

Russia Puts Off Data Showdown With Technology Firms

Facebook, Google and Twitter are among the U.S. companies that are getting more time to comply with a new law requiring Russian data centers.

Ukrainian National Guard Officer Killed, Dozens Injured in Protest Blast

One member of Ukraine’s National Guard was killed and at least 69 others were injured outside the country’s parliament, as fighting broke out between protesters and law-enforcement officers.

Nuclear-Energy Official Pleads Guilty in Russian Uranium Sales Bribery Case

A Russian nuclear-energy official pleaded guilty Monday in U.S. federal court to conspiracy to commit money laundering for arranging more than $2 million in bribes to help U.S. companies do business with the Russian state-owned nuclear-energy corporation.

Google, Sanofi Team Up on Diabetes Research

The Internet company said its health-care research unit plans to work with European pharmaceutical major Sanofi on new ways to monitor and treat the condition.

Gazprom Posts 29% Net Profit Growth

Russian state gas giant PAO Gazprom said net profit for the second quarter was up 29% from the same period last year as a higher ruble price made up for lower sale volumes in its most-lucrative European market.

Apple and Cisco Unveil a Business Partnership

Apple and Cisco Systems are teaming up to help bring more iPhones and iPads to business users.

Iliad Lifted by New Mobile Clients

Iliad said net profit rose 16% in the first half as the French low-cost telecom company continued to win over new mobile clients with its ultracheap tariff plans.

Dollar Slumped Against Euro, Yen in August

The dollar retreated against the euro and the yen in August as rising concerns over global growth and inflation moved investors to push back expectations for higher U.S. interest rates and exit from some of their large consensus trades.

China’s Two-Yuan Dilemma

Since China devalued the yuan on Aug. 11, the spread between its value in Hong Kong and in the mainland has widened—a complication for Beijing’s ambitions to raise the currency’s global profile.

Gold Prices Fall as Traders Focus on U.S. Fed

Gold prices retreated Monday as investors continued to recalibrate views on U.S. interest rates following recent comments from Federal Reserve policy makers.

The Only Bank This Hip-Hop Mogul Will Use

Low-profile Signature Bank has become one of the nation’s fastest-growing lenders, attracting a fan base ranging from hip-hop mogul Irv “Gotti” Lorenzo to former Congressman Barney Frank.

China ‘Punishes’ Nearly 200 People for Spreading Rumors

Sweep targets people who the government said spread false Internet rumors regarding the stock-market turmoil and deadly blasts in Tianjin. 66

U.A.E. Takes Lead in Southern Yemen

U.A.E. forces prevented Houthi rebels in Yemen from overrunning the Yemeni port city of Aden and now also reluctantly find themselves in the business of nation-building.

Biden Faces Narrow Path

As Vice President Joe Biden weighs a presidential bid, he must confront a number of fundamental questions. Among them: Does he have a viable path through an electoral map that is becoming more treacherous? 322

France to Finance Tax Cuts With Cost Savings

The French government says it can find $2.2 billion worth of savings in 2016 to pay for tax cuts for households without sacrificing France’s commitment to reduce the budget deficit.

Climate Change Builds as 2016 Issue

President Barack Obama’s trip to Alaska’s Arctic on Monday will likely reverberate much farther south, on the 2016 presidential campaign trail, where global warming is expected to emerge as a key issue. 676

Suppliers Feel Pain as Coal Miners Struggle

As big coal miners struggle, their equipment suppliers—thousands of businesses sprinkled throughout Pennsylvania, West Virginia, Ohio and Kentucky—are scrambling to find new customers anywhere they can. 129

Eni Reports Huge Natural-Gas Discovery off Egypt

Eni SpA said it made a massive natural-gas discovery off the coast of Egypt in what the Italian oil-and-gas company is calling the largest ever find in the Mediterranean Sea.

China Slowdown to Hit Asia Electronics Supply Chain

After several years of torrid expansion, the slowdown in smartphone sales in China is expected to hit Asian parts suppliers.

U.K. Approves Giant North Sea Gas Project

A.P. Møller-Maersk A/S said it has received approval to develop the $4.5 billion Culzean gas field, the largest new find in the U.K. North Sea for a decade.

Startups Put Data in Farmers’ Hands

Farmers and startups like Farmobile and Granular are starting to compete with agribusiness giants over the newest commodity being harvested on U.S. farms—data.

Video

Ukraine Protest Blast Kills Officer, Injures Dozens

0:45

Body Count Rises in Migrant Effort to Reach Europe

1:38

Lebanese ‘Stink’ Protest Turns Toward Politicians

2:11

What to Watch for After Skin Cancer

Skin cancer is afflicting more people, and research shows patients who have had non-melanoma skin cancers are at increased risk of recurrence.

IMAGE 1 of 12

Video Music Awards 2015

Kanye West gave a long rant at the MTV Video Music Awards as he apologized to Taylor Swift for taking her microphone in 2009. Swift presented West with the Michael Jackson Video Vanguard Award. Earlier, she and Nicki Minaj buried their beef by joining forces onstage.

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Hätte der Aktienkurs das letzte Wort

Reuters
Muss enttäuschende Gewinnzahlen bekannt geben. Dieter Zetsche, Chef von Daimler.

Überzeugend sieht anders aus. Dass Daimler 2012 so viele Pkw und Lkw wie nie zuvor verkauft und den Umsatz gesteigert hat, hört die Börse sicher gerne. Was sie aber gar nicht hören mag und Daimler-Aktionäre schon gar nicht: Der operative Gewinn konnte mit der Umsatzentwicklung nicht Schritt halten und hat nachgegeben, auch wenn sich 8,1 Milliarden Euro als reines operatives Ergebnis eindrucksvoll lesen.

Damit nicht genug: Auch 2013, dem Jahr, in dem die zweite Amtszeit von Daimler-Chef Dieter Zetsche endet und eine dritte folgen soll, rechnen die Stuttgarter mit einem stagnierenden Ertrag. Zetsche, über dessen Vertragsverlängerung der Aufsichtsrat am 21. Februar befindet, zeigte sich selbst auch nur bedingt zufrieden und sprach von “erkennbarem Verbesserungspotenzial”.

In der Tat sieht eine Erfolgsbilanz anders aus, erst recht, wenn man den Aktienkurs sprechen lässt: Zum Amtsantritt von Zetsche als Vorstandschef des Konzerns im Januar 2006 kostete eine Daimler-Aktie 35,62 Euro. Heute steht sie bei 44 Euro. Das entspricht ohne Berücksichtigung der in diesen sieben Jahren Amtszeit ausgeschütteten Dividenden einem Plus von gut 23 Prozent, oder einer Rendite von rund 3 Prozent pro Jahr.

So weit so mager. Vergleicht man die Kursentwicklung der Daimler-Aktie in der Ära Zetsche aber mit den Kursverläufen von BMW oder gar VW, sieht die Bilanz endgültig trostlos aus. Die BMW-Aktie steht heute im Vergleich zum Jahresbeginn 2006 fast 120 Prozent höher, bei der VW-Aktie sind es sogar 535 Prozent. In Rendite ausgedrückt: Die BMW-Aktie warf jährlich knapp 12 Prozent Rendite ab, die VW-Aktie satte 30 Prozent.

Und auch im Vergleich zum europäischen Autosektor insgesamt fährt Daimler weit hinterher. Der Branchenindex, der sowohl die Automobilbauer wie auch die Zulieferer enthält, ist in dieser Zeit um 54 Prozent gestiegen, was einer jährlichen Rendite von immer noch 6,3 Prozent entspricht.

Als Empfehlungsschreiben taugt die Kursentwicklung der Daimler-Aktie also eher nicht, wenn der Aufsichtsrat darüber entscheidet, ob Zetsche eine dritte Chance als Daimler-Chef bekommt. Dabei hatte die Börse auf die ihr eigene Weise den Wechsel in der Führungsspitze bei Daimler 2005 noch euphorisch bejubelt.

Als Zetsches Vorgänger Jürgen Schrempp im Juli 2005 nämlich überraschend seinen vorzeitigen Abschied ankündigte, schoss der Daimler-Kurs um rund 17 Prozent nach oben auf 42,95 Euro. Auf diesem Niveau liegt er auch heute noch. Vom Regen in die Traufe mag da so mancher Daimler-Aktionär rückblickend denken.

“Fit for Leadership” lautet das Programm, das Zetsche im Herbst ausgerufen hat und das in erster Linie ein Sparprogramm ist. Würde man allein die Performance der Daimler-Aktie als Kriterium für die neuerliche Verlängerung seines Vertrages bis 2018 heranziehen, man müsste Zetsche diese Fitness absprechen.

 

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The Wall Street Journal & Breaking News, Business, Financial and Economic News, World News and Video
Search

Merkel Urges Europe to Unite on Migrant Crisis

German Chancellor Angela Merkel called on Europe to tackle the migrant crisis and agree on a fair distribution of people, warning that failing to do so might put the EU’s open-border policy at risk.

Oil Surges as Supply Estimates Shrink

Oil prices soared Monday, marking their strongest three-day rally since Iraq’s 1990 invasion of Kuwait, on doubts the global glut of crude would be as long-lasting as many investors and traders had earlier believed.

Islamic State Blows Up Palmyra Ruins

Islamic State has partially destroyed Palmyra’s 2,000-year-old Temple of Bel in a massive explosion, the latest in a series of attacks by the militants on the Syrian city’s famed historic sites. 165

Samsung Takes Smartwatch Fight to Apple

Samsung plans to unveil a new smartwatch, as the company attempts to prove that it can outshine Apple on design in a nascent product category.

Russia Puts Off Data Showdown With Technology Firms

Facebook, Google and Twitter are among the U.S. companies that are getting more time to comply with a new law requiring Russian data centers.

Ukrainian National Guard Officer Killed, Dozens Injured in Protest Blast

One member of Ukraine’s National Guard was killed and at least 69 others were injured outside the country’s parliament, as fighting broke out between protesters and law-enforcement officers.

Nuclear-Energy Official Pleads Guilty in Russian Uranium Sales Bribery Case

A Russian nuclear-energy official pleaded guilty Monday in U.S. federal court to conspiracy to commit money laundering for arranging more than $2 million in bribes to help U.S. companies do business with the Russian state-owned nuclear-energy corporation.

Google, Sanofi Team Up on Diabetes Research

The Internet company said its health-care research unit plans to work with European pharmaceutical major Sanofi on new ways to monitor and treat the condition.

Gazprom Posts 29% Net Profit Growth

Russian state gas giant PAO Gazprom said net profit for the second quarter was up 29% from the same period last year as a higher ruble price made up for lower sale volumes in its most-lucrative European market.

Apple and Cisco Unveil a Business Partnership

Apple and Cisco Systems are teaming up to help bring more iPhones and iPads to business users.

Iliad Lifted by New Mobile Clients

Iliad said net profit rose 16% in the first half as the French low-cost telecom company continued to win over new mobile clients with its ultracheap tariff plans.

Dollar Slumped Against Euro, Yen in August

The dollar retreated against the euro and the yen in August as rising concerns over global growth and inflation moved investors to push back expectations for higher U.S. interest rates and exit from some of their large consensus trades.

China’s Two-Yuan Dilemma

Since China devalued the yuan on Aug. 11, the spread between its value in Hong Kong and in the mainland has widened—a complication for Beijing’s ambitions to raise the currency’s global profile.

Gold Prices Fall as Traders Focus on U.S. Fed

Gold prices retreated Monday as investors continued to recalibrate views on U.S. interest rates following recent comments from Federal Reserve policy makers.

The Only Bank This Hip-Hop Mogul Will Use

Low-profile Signature Bank has become one of the nation’s fastest-growing lenders, attracting a fan base ranging from hip-hop mogul Irv “Gotti” Lorenzo to former Congressman Barney Frank.

China ‘Punishes’ Nearly 200 People for Spreading Rumors

Sweep targets people who the government said spread false Internet rumors regarding the stock-market turmoil and deadly blasts in Tianjin. 66

U.A.E. Takes Lead in Southern Yemen

U.A.E. forces prevented Houthi rebels in Yemen from overrunning the Yemeni port city of Aden and now also reluctantly find themselves in the business of nation-building.

Biden Faces Narrow Path

As Vice President Joe Biden weighs a presidential bid, he must confront a number of fundamental questions. Among them: Does he have a viable path through an electoral map that is becoming more treacherous? 322

France to Finance Tax Cuts With Cost Savings

The French government says it can find $2.2 billion worth of savings in 2016 to pay for tax cuts for households without sacrificing France’s commitment to reduce the budget deficit.

Climate Change Builds as 2016 Issue

President Barack Obama’s trip to Alaska’s Arctic on Monday will likely reverberate much farther south, on the 2016 presidential campaign trail, where global warming is expected to emerge as a key issue. 676

Suppliers Feel Pain as Coal Miners Struggle

As big coal miners struggle, their equipment suppliers—thousands of businesses sprinkled throughout Pennsylvania, West Virginia, Ohio and Kentucky—are scrambling to find new customers anywhere they can. 129

Eni Reports Huge Natural-Gas Discovery off Egypt

Eni SpA said it made a massive natural-gas discovery off the coast of Egypt in what the Italian oil-and-gas company is calling the largest ever find in the Mediterranean Sea.

China Slowdown to Hit Asia Electronics Supply Chain

After several years of torrid expansion, the slowdown in smartphone sales in China is expected to hit Asian parts suppliers.

U.K. Approves Giant North Sea Gas Project

A.P. Møller-Maersk A/S said it has received approval to develop the $4.5 billion Culzean gas field, the largest new find in the U.K. North Sea for a decade.

Startups Put Data in Farmers’ Hands

Farmers and startups like Farmobile and Granular are starting to compete with agribusiness giants over the newest commodity being harvested on U.S. farms—data.

Video

Ukraine Protest Blast Kills Officer, Injures Dozens

0:45

Body Count Rises in Migrant Effort to Reach Europe

1:38

Lebanese ‘Stink’ Protest Turns Toward Politicians

2:11