German stocks - Factors to watch on Aug 28
FRANKFURT, Aug 28 (Reuters) - The following are some of the factors that may move German stocks on Thursday:
PORSCHE (PSHG_p.DE), VOLKSWAGEN (VOWG.DE)
A high-level meeting designed to settle a row over labour representation at Porsche's new holding company has been called off, Porsche said. [ID:nLR151402]
Related news [PSHG_p.DE-E] [VOWG.DE-E]
CONTINENTAL (CONG.DE)
Continental is sticking to its earnings guidance for now despite weakening automotive markets, finance chief Alan Hippe said. [ID:nLR664307]
Related news [CONG.DE-E]
SIEMENS (SIEGn.DE)
Siemens has held talks with sovereign wealth funds from the Gulf, Russia and other regions to expand its long-term investor base, the Financial Times reports. Siemens "would very much welcome an active involvement" of such funds, the paper quotes Siemens' chief financial officer Joe Kaeser as saying.
Siemens is already in talks to sell its railway technology plant in Prague, personnel chief Siegfried Russwurm was quoted as saying in newspaper Die Welt. The company has said it wants to divest the business by late 2009.
Related news [SIEGn.DE-E]
ALLIANZ (ALVG.DE) COMMERZBANK (CBKG.DE)
A merger between Commerzbank and Dresdner Bank could prompt 9,000 job losses, Handelsblatt newspaper reports, citing sources familiar with the merger talks. Continued...

