Deutsche Bank, which has said it wants to untangle its web of industrial cross-holdings, is moving toward greater entanglements.
Unlike such larger rivals as Dresdner, with which it tried to merge earlier this year, Commerzbank has few industrial cross-holdings it can sell.
Between them, Deutsche and Allianz have for decades been at the center of a web of German industrial cross-holdings that made the companies seem impregnable to outsiders.
In July, Chancellor Gerhard Schroder of Germany pushed pro-business measures through Parliament to reduce taxes for corporations and promote their reorganization by sweetening the sale of industrial cross-shareholdings, a built-in obstacle to the kind of industrial consolidation that is now engulfing Europe.
The goals of an external dissemination strategy are to promote international academic and industrial cross-fertilization, both within and outside IRDiRC, and to provide information on IRDiRC research to other research projects, the scientific community, industrial groups, government bodies, policy makers, and the general public, including patients.
No one ever said that unwinding Germany's extensive industrial cross-shareholdings would be simple.
A ripple of rejuvenation is running through Port Elizabeth (PE), an upswing that, in part, has been cultivated by the city's youth who have renewed hope in PE's potential, reinventing South Africa's hidden gem as a post-industrial cross-cultural hotspot.
The Dow Jones industrials crossed the psychologically important 13,000 level for the first time Wednesday as investors focused on a tide of stronger-than-expected earnings from PepsiCo, Corning, Colgate-Palmolive and Boeing.
The Fed minutes didn't have much of an impact on equity traders Wednesday, in a session that was primarily focused on the Dow Jones industrial average crossing the 10,000 mark for the first time in over a year.
