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Siemens AG

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  • Dec 17- Oracle Corp reported a 3.5 percent increase in quarterly revenue on Wednesday, beating Wall Street's expectations, as sales at its closely watched cloud services business rose 45 percent. Investors have been carefully watching how Oracle beefs up its cloud divisions, which deliver software over the Internet. "Oracle has been going through a transition...

  • WASHINGTON/ PARIS, Dec 16- Alstom SA is close to settling a bribery case with the U.S. Justice Department for $700 million, a person close to the matter said on Tuesday, in what would be the largest criminal fine levied by the United States for foreign bribery. A top Justice Department official said in a speech last month that Alstom executives along with Japanese...

  • SHANGHAI, Dec 15- Chinese trainmaker CSR Corp Ltd said it won 1.7 billion yuan worth of orders from Argentina, as Chinese rail firms increasingly flex their muscles overseas. China Railway Construction Corp Ltd signed a $12 billion railway contract in Nigeria in November, the largest single overseas construction deal won by a Chinese firm.

  • Siemens challenges Bombardier contract win in Vienna Friday, 12 Dec 2014 | 7:52 AM ET

    VIENNA, Dec 12- German group Siemens has filed an appeal challenging the city of Vienna's selection this month of Canada's Bombardier to supply trams in a deal worth 562 million euros, the city's transport authority said on Friday. A Wiener Linien spokesman said a Vienna court would now rule within weeks on the contract for as many as 156 streetcars.

  • TORONTO, Dec 8- Canada's Bombardier Inc said on Monday it is not bidding for the contract to replace Amtrak's high-speed Acela, clearing the way for a rival to produce the next generation of the popular but sometimes troubled U.S. passenger trains. Alstom declined to comment on whether it is bidding. The relationship between Amtrak and the Bombardier/ Alstom...

  • COPENHAGEN, Dec 4- The U.S. House of Representatives voted on Wednesday to renew a package of temporary tax breaks, known as the "extenders," including a wind production tax credit crucial for turbine makers such as Denmark's Vestas. The PTC will be extended for one year retroactively for 2014 if the Senate and President Barack Obama concur. However, he said the...

  • *China's rail giant CRCC snaps up overseas deals. SHANGHAI, Dec 4- It will take more than the abrupt cancellation of a high-speed train deal with Mexico to derail China Railway Construction Corp's ambitions to become a global force in transport projects and take on the likes of Siemens, Alstom and Bombardier. About two weeks after the cancellation, CRCC announced...

  • MILAN, Nov 27- Technology firm Insigma has teamed up with another Chinese company to try to buy Finmeccanica's rail assets, two people familiar with the matter said, a move that could thwart a rival bid from Hitachi. Italy's Finmeccanica is selling its unprofitable train-making unit AnsaldoBreda and its 40 percent stake in Ansaldo STS, which makes rail...

  • MILAN, Nov 27- Technology firm Insigma has teamed up with another Chinese company to try to buy Finmeccanica's rail assets, two people familiar with the matter said, a move that could thwart a rival bid from Hitachi. Italy's Finmeccanica is selling its unprofitable train-making unit AnsaldoBreda and its 40 percent stake in Ansaldo STS, which makes rail...

  • *Dong wants to diversify from sole supplier Siemens. PARIS, Nov 21- Dong Energy, Europe's largest offshore wind farm developer, plans to make the switch to giant wind turbines in a move that could signal a breakthrough for a new generation of products. The August deal was for the relatively small British 256 MW Burbo Bank farm, which Dong hopes to start building in...

  • ZURICH/ COPENHAGEN, Nov 17- The world's largest maker of hearing aids Sonova posted disappointing first-half profits and a share buyback half the size of what was expected, worrying investors about its strategy of boosting market share by making deep discounts. It also alienated independent shops that were Sonova's traditional outlets and angered its...

  • OFF THE COAST OF HELIGOLAND, Germany, Nov 14- As European governments start to curb offshore renewable power subsidies, utilities, wind turbine makers and installers are racing to cut costs to help the industry survive. Britain, Germany and the Netherlands, wary of committing billions of euros when budgets are tight, have announced subsidy cuts in the past 18...

  • COPENHAGEN, Nov 12- Denmark's Vestas will be ready to start manufacturing blades next year for its largest ever wind turbine, which is still undergoing tests, the company said on Wednesday. The blades are for the 8 megawatt V164 wind turbine which is being produced by MHI Vestas Offshore, a joint venture of Vestas and Japan's Mitsubishi Heavy Industries.

  • India waits for Modi to dig economy out of hole Tuesday, 11 Nov 2014 | 6:21 PM ET
    India's Prime Minister Narendra Modi comes out of a meeting room to receive his Bhutanese counterpart, Tshering Tobgay, before the start of their bilateral meeting in New Delhi.

    Since the election of Prime Minister Narenda Modi six months ago, the prospect of better times ahead has not yet persuaded firms to invest in India.

  • "You have to go out there and see backhoe loaders and earth moving equipment moving earth," said Anand Mahindra, one of India's leading industrialists. "When you see that happening, when there is a real revival on the ground, that's when people will start to get confidence that things are going to turn around," the managing director of Mahindra Group told a World...

  • Mexico scraps $3.75B China rail deal before state visit Saturday, 8 Nov 2014 | 12:28 AM ET

    Mexico has revoked a $3.75 billion high-speed rail contract from a Chinese-led consortium after its uncontested bid prompted an outcry from lawmakers.

  • MEXICO CITY, Nov 7- Mexico has revoked a $3.75 billion high-speed rail contract from a Chinese-led consortium after its uncontested bid prompted an outcry from lawmakers, souring a state visit to China next week by President Enrique Pena Nieto. "The president wants this project which is so important for Mexico to not be questioned, to have absolute clarity,"...

  • BERLIN, Nov 6- German engineering group Siemens resigned itself to another year of flat sales on Thursday after reporting that one-off charges hit profits again in the fourth quarter, this time for wind turbines. Siemens, one of Germany's biggest companies and a major exporter of goods from trains to hospital equipment, said it first aimed to improve the...

  • Siemens seeks growth in 'attractive' US as Europe lags Thursday, 6 Nov 2014 | 3:40 AM ET
    A worker installs components at the base of a wind turbine blade at the Siemens AG turbine blade plant in Fort Madison, Iowa.

    Siemens is focusing on the United States to drive growth amid a weakening European economy, the chief executive told CNBC on Thursday.

  • Siemens CEO on Germany slowdown  Thursday, 6 Nov 2014 | 1:43 AM ET

    Joe Kaeser, CEO of Siemens, says that despite Germany's economy being strong the company does see some slowdown in the economy.