german billionaire takes own life over losses

Search Options	close
Search the following clips: All Clips

news science politics food economy art
technology health internet religion psychology

Sign Up Install Learn More Login


	german billionaire takes own life over losses

doodleicious

1-7-2009 5:43 AM

160 views

tags:

economy

Add a Comment

Login to Comment. Not a member yet? Sign up

Today's Top Clips

visit the Top Clips page

View the Top Clips from January 7, 2009

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/f3c811ff-6b7a-429d-ab6e-a9bba2bccb85/754E6095-F90B-4380-81CC-B36FE34CAA1F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20090106/german_billionaire_090601/20090106?hub=World" href="http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20090106/german_billionaire_090601/20090106?hub=World" style="font-size: 11px;">www.ctv.ca</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20090106/german_billionaire_090601/20090106?hub=World"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/www.ctv.ca/img/AF1E1645-6CC0-423C-A230-2A607E13BCF4" alt="The Dec. 17, 1996 file photo shows Adolf Merckle in Dresden. German billionaire Adolf Merckle has committed suicide after his business empire, which included interests ranging from drugs to cement, got into trouble in the global financial crisis, his family said Tuesday, Jan. 6, 2009." /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20090106/german_billionaire_090601/20090106?hub=World"><P>The Dec. 17, 1996 file photo shows Adolf Merckle in Dresden. German billionaire Adolf Merckle has committed suicide after his business empire, which included interests ranging from drugs to cement, got into trouble in the global financial crisis, his family said Tuesday, Jan. 6, 2009.  (AP Photo/Matthias Rietschel)</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20090106/german_billionaire_090601/20090106?hub=World"><P>His family, which had reported Merckle missing after he failed to return home Monday, issued a brief statement saying he took his own life. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20090106/german_billionaire_090601/20090106?hub=World"><P>"Adolf Merckle lived and worked for his family and his firms," it said. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20090106/german_billionaire_090601/20090106?hub=World"><P>Merckle's business interests included generic drug maker Ratiopharm International GmbH and cement maker HeidelbergCement AG. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20090106/german_billionaire_090601/20090106?hub=World"><P>His holding company, VEM Vermoegensverwaltung, recently had been in talks with banks to secure credit after its business interests ran up high levels of debt, and also lost value amid the global financial crisis. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20090106/german_billionaire_090601/20090106?hub=World"><P>Merckle also owned stakes in companies that made a wide array of goods from all-terrain vehicles, software to textiles. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/754E6095-F90B-4380-81CC-B36FE34CAA1F/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

New from the makers of Clipmarks: Amplify.com - Don't just share the news...Amplify it!

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Copyright; Privacy; EULA

Search Options

Today's Top Clips