Finance

Halbleib: mainschleifenbahn needs money and organization

Halbleib: mainschleifenbahn needs money and organization

The recently presented successful potential analysis of the bavarian railroad company (BEG) about the expected passenger volume of the mainschleifenbahn encourages the member of the state parliament volkmar halbleib (SPD) from ochsenfurt to state in a press release that the way to a reactivation of the railroad line between volkach-astheim and wurzburg "despite resistance and doubts of the BEG and the bavarian ministry of transport is now finally clear" is. The analysis sees up to 1400 commuters per day who could use the main loop railroad.

Mabgebliche role as shareholder demanded

In order for trains to actually start rolling again on the railroad between the mainschleife and wurzburg, the most important thing now is to clarify who will organize the operation of the railroad and where the money needed for its operation will come from. In a letter to the district councils of tamara bischof (kitzingen), eberhard nub (wurzburg) and florian topper (schweinfurt), the delegate therefore calls for the rapid establishment of a rail infrastructure company. Halbleib envisions that the three counties will have to play a major role as shareholders in the project.

For him, this is the most sensible way "to ensure smooth maintenance and later servicing of the rail tracks and the associated infrastructure and thus enable the reactivation of the mainschleifenbahn in the near future". It is important, however, to intensively involve the mainschleifenbahn claim association and its "know-how and stubbornness".

Finance

Young and energetic: schalke’s cash-strapped squad must rely on young talent

Young and energetic: Schalke's cash-strapped squad must rely on young talent

David wagner has little interest in the winless record series. The FC schalke 04 coach has enough on his plate trying to find solutions in the fubball bundesliga’s tightly packed remaining schedule.

The decision to rely on young and hungry players, forced on us by an intangible injury problem, is not proving to be the worst one. It is becoming increasingly clear that the 48-year-old soccer coach will have to find the right mix of talent and a few experienced professionals with leadership qualities for the upcoming season.

Schalke fans got a taste of things to come with a respectable 1-1 draw against champions league contenders bayer leverkusen. With ten professionals missing, wagner sent in a ragtag squad with an average age of 23.45, which gave the playfully superior opponents a run for their money. Of the starting eleven, only bastian oczipka (31), alessandro schopf (26) and captain caligiuri (32) were older than 23.

Finance

Even d trains to berlin stopped in stockheim

Even d trains to berlin stopped in stockheim

When on 7. When the legendary adler locomotive steamed from nurnberg to furth in december 1835, there were only a few optimists who thought the triumphant advance of the railroad was possible. Almost 60 years later, europe was covered with a widely ramified rail network. Industrialization experienced through "rolling progress an unexpected upswing.

The decisive factor for the development of the railroad was steam power, which was technically implemented by the englishman james watt as early as 1769, thus ushering in a new era. The mobile source of energy from now on promoted the ancient agricultural and artisanal society to the industrial society of the modern era. And stockheim, which was connected to the rail network exactly 150 years ago, was also involved in this upswing at an early stage.

Joseph von swaine never lets up
with the construction of the ludwig-sud-north railroad, the rail line reached the hochstadt/marktzeuln station as early as 1846. But as early as 1842, mine owner baron joseph von swaine (stckheim) had vigorously pushed for a connection to stockheim. It came first to an intermediate draw. In 1846, the mine owners von swaine and von weib from the stockheim and neuhaus coal mines had built a coal loading station at the hochstadt station.

Finance

Schaeffler sees itself back on track

Schaeffler sees itself back on track

At 505 million euros, consolidated net profit for the first six months was a good fifth below the previous year’s level – on sales of 5.652 billion euros (plus 5.1 percent); however, special effects from financial market transactions had pushed the profit at that time to unusual heights. If the first quarter of 2011 is disregarded, schaeffler generated its highest quarterly net profit since 2010 from april to june 2012 at 269 million euros.

CEO jurgen geibinger therefore expressed his satisfaction when presenting the half-year figures on tuesday: "we were able to continue the success story of the past two years. We have again generated a gross profit."The fact that it wasn’t rougher also has something to do with the schaeffler group’s billions in debt. In the first half of the year, the company paid more than 300 million euros in interest on its current debt of around 7.094 billion euros. All in all, the group is currently suffering from a debt burden of around 12 billion euros, part of which is parked at the schaeffler holding company.

The billion-dollar debts on schaeffler’s books will probably keep the memory of the turbulence surrounding the takeover of tire manufacturer conti alive for a long time to come. Schaeffler almost swallowed the company giant when it bought it – the french family-owned company was only able to finance the takeover with loans worth billions of euros. Now that the company is programmed for growth again, the management board seems to be relaxed about the mountain of debt. "We do not have a debt reduction target at the moment". The capital structure is intact," said schaeffler CFO klaus rosenfeld in a conference call on tuesday.