Germany's DAX Index Falls, Paced by Deutshe Bank, DaimlerChrysler Shares

(Bloomberg) -- German stocks dropped for a second
day, led by Deutsche Bank AG after Merrill Lynch & Co. cut its
price estimate on shares of the country's biggest bank.

Allianz SE and Hypo Real Estate Holding AG paced losses by
financial shares. DaimlerChrysler AG, the world's fifth-largest
carmaker, also declined.


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DAX Index Falls, Led by Siemens; Fresenius Medical, DaimlerChrysler Rise

(Bloomberg) -- Germany's DAX Index dropped for a
second day, paced by Siemens AG after the engineering group
agreed to buy medical-scanners maker Dade Behring Holdings Inc.
for $7 billion ($9.6 billion) and sell its VDO automotive unit.

Fresenius Medical Care AG, Deutsche Lufthansa AG and
DaimlerChrysler AG paced rising shares.


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RLPC-UPDATE 1-Chrysler Corp postpones $12 bln auto loan deal

(Reuters) - The automaker is raising cash to help fund Chrysler Group's
buyout from DaimlerChrysler AG by Cerberus Capital
Management.




The buyout is still expected to close because underwriters
remain committed to providing financing, market sources told
RLPC.


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CORRECTED - US STOCKS-Indexes fall on deal financing worry

(Reuters) - "It's the financials rolling over pretty hard after we had
the move up after the opening," said Bobby Harrington, head of
U.S. cash equities trading at UBS in Stamford, Connecticut.




The drop followed news that Chrysler Corp. had postponed a
$12 billion auto loan deal. For details, see [ID:nN25373257]


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Chrysler, UAW to mark start of contract talks

(Reuters) - Chrysler, which is being spun off by German parent DaimlerChrysler in a $7.4-billion deal, was the first of the three U.S. automakers to reach a deal with the UAW during the last round of labor talks in 2003.




On Friday, in a choreographed photo opportunity, Chrysler Chief Executive Tom LaSorda will shake hands with UAW President Ron Gettelfinger at Chrysler's Auburn Hills, Michigan headquarters and usher in a period of both deep uncertainty and heightened expectations for the U.S. auto industry.


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