A European Union effort to force Deutsche Post AG to repay at least EUR572 million in state aid faces more delays. The German government has asked the E.U. Commission to postpone the deadline for coming up with a repayment plan for a second time, a finance ministry spokeswoman told Dow Jones Newswires on Wednesday.
Read MoreDeutsche Post AG Chief Executive Klaus Zumwinkel has spent $5 billion on acquisitions since 1998 to reduce dependence on the domestic mail business. But so far, the company still makes more money from delivering postcards than from flying urgent documents to their destination on time.
Read MoreDeutsche Post’s ceo Klaus Zumwinkel put an end to the speculation circulating over the weekend in a letter to his employees.
He shall remain head of Deutsche Post
Read MoreDeutsche Post, the German postal service operator, has announced that it is to continue operating its loss-making digital signature subsidiary Signtrust. It had been due to withdraw entirely from the business, as announced at the end of May, but it will now remain in operation.
Read MoreInternational mail services company Deutsche Post Global Mail (in the US) is to unveil its new online services today that will let customers order shipping materials, schedule pickups and view their order history directly on the web.
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