GABC
NASDAQ · Banking
German American Bancorp
$46.04
+0.13 (+0.28%)
GABC News13 articles
Rheinmetall Shares Plunge 13.5% Amid Fears of Lost German Frigate Contract
Rheinmetall shares plunged 13.5% after reports that Germany might scrap a €12 billion frigate contract, erasing €7.4 billion in market value and fueling investor concerns about the company's naval ambitions.
Germany's Pension Reform Plan: Retirement Age to 68 by 2051, State Fund Proposed
Germany's pension commission recommends raising the retirement age to 68 by 2051 and establishing a state-run investment fund, challenging Chancellor Merz's coalition as aging population strains public finances.
Eos Energy Shares Surge on German Battery Storage Deal
Eos Energy shares rose 11.7% after announcing a binding supply pact with CAPAC Energy for up to 2 GWh of battery storage through 2031, following the start of commercial production at a second manufacturing line.
Elbit Systems Surges 11.5% on German SkyStriker Deal and US Howitzer Pact
Elbit Systems shares surged 11.5% on June 11 after announcing a strategic partnership with Diehl Defence for SkyStriker loitering munitions and a US howitzer pact with Anduril.
Pfizer Stock Rises on RBC Upgrade Despite German Drug-Pricing Threat
Pfizer shares rose 2.7% to $26.28 after RBC Capital upgraded the stock to Sector Perform, citing improved risk-reward. Meanwhile, a Reuters report flags German drug-pricing policy risks that could affect investments.
Palantir Shares Dip 1.3% Ahead of Q1 Earnings Amid Citi Target Cut and German Military Snub
Palantir Technologies shares fell 1.3% on Tuesday after Citi lowered its price target to $210 from $260, ahead of Q1 earnings. A Cleveland-Cliffs AI deal provided some support, but Germany's military said it won't award Palantir contracts for now.
Rocket Lab Gains German Nod for Mynaric Takeover, Shares Rally
Rocket Lab received German regulatory clearance to acquire Mynaric in a $75 million deal, sending its shares up 6.7%. The acquisition establishes Rocket Lab's first European base in Munich.
Silver Climbs Above $70 Amid Geopolitical Tensions and German Coin Shift
Silver prices reclaimed the $70 level Monday, gaining 1% amid ongoing Middle East conflict and shifting rate expectations. Germany announced a significant reduction in silver content for its collector coins.
Teradyne Files German Copyright Suit Against Chinese Robotics Firm Elite Robots
Teradyne Robotics has initiated a copyright lawsuit in Germany against the German subsidiary of China's Elite Robots, claiming unauthorized use of Universal Robots software. The company also notified European safety authorities about potential issues with Elite Robots' machines.
Euronext Surges 4% on Strong Eurozone Data, Eyes German Ifo and ECB
Euronext shares closed Friday at €127.40, gaining 4% after a session of significant volatility. The rebound followed the release of stronger-than-anticipated Eurozone PMI figures.
Intertek Gains on German Solar Drone Acquisition Ahead of March Earnings
Intertek Group shares advanced 1% following its acquisition of German solar inspection specialist AePVI, which utilizes drone technology. The market now awaits the company's full-year financial report scheduled for March 3.
Meta Shares Dip Amid Regulatory Pressure in Germany and India
Meta Platforms stock declined roughly 1% in after-hours trading following a German court ruling ordering a €30 million payment to Deutsche Telekom and India's new three-hour content removal mandate.
Vodafone Launches Share Buyback Amid Focus on German Market Turnaround
Vodafone has initiated a £29.4 million share repurchase program while investors monitor Germany's service revenue growth. The telecom giant reported 5.4% group service revenue expansion in Q3.