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Siemens AG

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  • Siemens, regulator deny China bribery report Tuesday, 5 May 2015 | 10:55 AM ET

    SHANGHAI, May 5- Siemens AG and China's State Administration for Industry and Commerce, a competition regulator, denied a Reuters report that the SAIC investigated the German group's healthcare unit and its dealers for "commercial bribery". "The SAIC has not launched a commercial bribery investigation into Siemens Healthcare Unit," a spokesperson for the...

  • The investigation, which has not previously been reported, follows a wide-reaching probe into the pharmaceutical industry in China that last year saw GlaxoSmithKline Plc fined nearly $500 million for bribing officials to push its medicine sales. "We are not aware of any situation that conforms to what you describe," said Germany- based spokesman Matthias...

  • SHANGHAI, April 15- Singapore's Flextronics International Ltd is in advanced talks to buy part of the Chinese business of Alcatel-Lucent SA, the French telecoms firm currently being taken over by Nokia Oyj, two people told Reuters. Telecoms equipment makers like Alcatel-Lucent and Finland's Nokia have been grappling with a sector suffering slow growth...

  • TOKYO, March 23- Two Japanese firms that until recently were the frontrunners to win a multi-billion dollar contract to build Australia's new submarines have rebuffed an invitation to attend a gathering of top Australian naval officials and politicians this week. The no-show by Mitsubishi Heavy Industries and Kawasaki Heavy Industries at an event called...

  • Italian boost sends European shares to 15-year high Thursday, 19 Mar 2015 | 2:01 PM ET

    *Pirelli, Enel boosts Italian index. LONDON/ PARIS, March 19- A broad index of European shares hit its highest level in 15 years on Thursday, led by Italian stocks thanks to sharp gains in tyre maker Pirelli and utility Enel. Shares in Enel rose 1.9 percent after it said it aims to raise profits and dividends over the next five years by focusing on emerging markets and...

  • UPDATE 2-European equity rally pauses at multi-year highs Thursday, 19 Mar 2015 | 11:19 AM ET

    *DAX underperforms, led by Siemens, K+ S. LONDON 1/ 4 PARIS, March 19- European stocks paused after hitting a 7-1/ 2- year high on Thursday, capped by falls in Germany's Siemens DE> and K&S due to concerns about the impact of lower commodity prices on their profits. Shares in industrial group Siemens slid 5 percent after the group Chief Executive Joe Kaeser said on Thursday...

  • *Siemens rises on Egyptian power deals. *Special Catholic Holy Year lifts Autogrill and Atlantia. The DAX and other European stock markets have been lifted by the European Central Bank's launch of a trillion euro money-printing scheme aimed at boosting economic growth in Europe.

  • *Siemens rises on Egyptian power deals. LONDON/ PARIS, March 16- European stocks rose on Monday and Germany's DAX hit record highs, extending their recent sharp rally as investors bet that the weakened euro would boost the region's economy and lift exporter earnings. The DAX and other European stock markets have been lifted since the start of 2015 by the European...

  • Aided by foreign technology acquired during three decades of development, China has the highest number of reactors being built and ambitions to export its home-grown models to an overseas market worth hundreds of billions of dollars. And in a sign of progress on exporting its own nuclear technology, China signed a preliminary agreement last month to sell its...

  • BRASILIA/ SAO PAULO, March 5- A corruption scandal at state-run oil company Petrobras has entered a volatile new phase that could lead to jail for some of Brazil's best-known politicians and business leaders while making a likely recession even worse. A prosecutor's motion on Tuesday to open investigations against 54 individuals, reportedly including the...

  • MILAN, Feb 24- Italian aerospace and defence group Finmeccanica has agreed to sell its rail business to Hitachi Ltd in a deal which will cost the Japanese conglomerate up to 1.9 billion euros and cut Finmeccanica's debt by 15 percent. For Hitachi the acquisition will give it a stronger foothold in Europe where it competes with the world's top three train makers-...

  • MILAN, Feb 24- Italian conglomerate Finmeccanica has agreed to sell its rail assets to Japan's Hitachi in a potential 1.9 billion euro deal that will cut its debt by 15 percent and help it to refocus on aerospace and defence. Hitachi, meanwhile, will gain a stronger foothold in Europe to compete with bigger rivals such as Germany's Siemens and France's Alstom,...

  • LONDON/ MILAN, Feb 23- Hitachi Ltd has agreed to buy Italian conglomerate Finmeccanica's rail and signal assets, sources close to the matter said, a deal expected to top $2 billion and give the Japanese firm a stronger foothold in Europe to compete with bigger rivals. For Hitachi, which relocated its rail division to London last year, the main focus of the deal is rail...

  • *Areva issues fifth profit warning in seven months. PARIS, Feb 23- French state-controlled nuclear group Areva said it expects a 2014 net loss of about 4.9 billion euros, mostly due to asset writedowns and provisions, notably connected with its much-delayed Olkiluoto 3 reactor in Finland. Areva's latest profit warning, the fifth in seven months, comes ahead of the...

  • Feb 17- China is considering combining its huge state-controlled oil companies to better compete with the world's biggest producers, the Wall Street Journal reported. Other options include merging China National Offshore Oil Corp, or CNOOC, and Sinochem Group, the report said. China said late last year that it would merge the country's top two state-owned...

  • BRUSSELS, Feb 9- Rich nations provided nearly $15 billion over a decade from 2003 to 2013 to fund exports of coal-fired power plant and coal mining technology, data seen by Reuters shows, defying calls to end subsidies for the most polluting of the fossil fuels. A document prepared late last year by the Paris- based Organisation for Economic Cooperation and...

  • MUNICH/ FRANKFURT, Feb 6- Siemens Chief Executive Joe Kaeser applied the finishing touches to his overhaul of the German industrial group with the announcement on Friday of 7,800 job cuts designed to streamline management and speed decision-making. The roughly 2 percent cut to the trains-to-turbines group's global workforce will generate productivity...

  • *Q4 net profit $680 mln vs poll avg $720 mln. ZURICH, Feb 5- Swiss engineering group ABB took a cautious stance on earnings for the coming months after a strong U.S. dollar, sluggish global economy and a slide in oil prices caused it to miss expectations in the fourth quarter. Like rivals Siemens and Schneider Electric, ABB has been grappling with delayed capital...

  • *Q4 net profit $680 mln vs poll avg $720 mln. Like rivals Siemens and Schneider Electric, ABB has grappled with a sluggish global recovery that has delayed capital spending by its customers, which include utility companies and oil, gas and mining firms, as well as a slide in oil prices. The Zurich- based company said fourth-quarter orders fell 6 percent to $9.37...

  • HELSINKI/ FRANKFURT, Jan 29- Nokia reported higher than expected profits at its core Networks business on Thursday, on the back of strong sales in North America, but group profits took a knock from higher costs at its Technologies unit which handles its patents and develops new products. The Finnish company, which sold its former flagship phones business to...