Latest Leo Kirch Stories

Germany's Deutsche Bank AG fired two executives as prosecutors probed alleged bank spying on board members and a shareholder, sources aware of the matter said. The fired executives are Wolfram Schmitt, head of investor relations, and Rafael Schenz, the company's head of German corporate security, The Wall Street Journal and New York Times reported Tuesday. The bank, Germany's largest lender, ordered an internal review of possible violations of privacy laws in May, after several incidents...

By Kevin J. O'Brien The last time News Corp. left the German media market in 2002, the exit was costly. The media conglomerate controlled by Rupert Murdoch had been a shareholder in the media group controlled by the Munich entrepreneur Leo Kirch and had to take a $1.93 billion write- off when two Kirch companies filed for bankruptcy. The companies had buckled under the costs of operating Premiere, Kirch's unprofitable pay-TV service, which was supposed to become News Corp.'s long-sought...