The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses and prices are from the last close.
DAX Index futures expiring in March climbed 0.2 percent to 6,969 as of 8:56 a.m. in Frankfurt. The benchmark DAX Index rose 1.2 percent to 6,941.57 yesterday.
Bayer AG (BAYN GY): Bayer CropScience said it’s closing manufacturing facilities in Institute, West Virginia, and Woodbine, Georgia. The moves will result in about 300 job losses in two years.
Separately, Europe’s largest drug and chemical maker lost its court bid demanding royalties from Abbott Laboratories for U.S. sales of the arthritis drug Humira. The shares gained less than 0.1 percent to 54.32 euros.
Bayerische Motoren Werke AG (BMW GY): The carmaker may add models to its car production in the U.S., Frankfurter Allgemeine Zeitung reported, citing an interview with Ian Robertson, the company’s sales chief. The shares gained 2 percent to 59.66 euros.
Douglas Holding AG (DOU GY): The retailer was raised to “buy” from “hold” at Deutsche Bank by equity analyst Michael Kuhn. The 12-month target price is 48 euros. The stock gained 0.7 percent to 41.62 euros.
Kontron AG (KBC GY): The maker of miniature computers for slot machines and drone aircraft appointed Juergen Kaiser- Gerwens as new chief financial officer. He will start as CFO on Feb. 15. The shares jumped 4.6 percent to 9.38 euros.
RWE AG (RWE GY), EnBW Energie Baden-Wuerttemberg AG (EBK GY), E.ON AG (EOAN GY), BASF AG (BAS GY), Siemens AG (SIE GY): German Chancellor Angela Merkel invited executives of the companies to a “confidential” discussion of the European Union’s energy strategy, Die Welt reported.
RWE added 0.6 percent to 50.56 euros. EnBW increased less than 0.1 percent to 41.09 euros. E.ON advanced 0.4 percent to 22.45 euros. BASF climbed 0.5 percent to 57.07 euros. Siemens gained 3 percent to 91.48 euros.
Sky Deutschland AG (SKYD GY): The pay-television operator said 2011 earnings before interest, taxes, depreciation and amortization will be “significantly better than 2010, but will remain negative.” The shares surged 2.7 percent to 1.84 euros.
Software AG (SOW GY): Germany’s second-largest maker of business software said 2010 revenue and net income was at the upper end of its forecast, aided by demand from the financial industry and the public sector. The shares added 0.2 percent to 107.35 euros.
To contact the editor responsible for this story: David Merritt at firstname.lastname@example.org