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Siemens AG

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  • SHANGHAI, July 1- China began testing the first bullet train completely made from locally produced parts this week, the official People's Daily newspaper said on Wednesday, as part of a big government-led push to export railway technology. China is competing with Germany's Siemens AG, Canada's Bombardier Inc and Japan's Kawasaki Heavy Industries Ltd for...

  • NEW YORK— European regulators have cleared Siemens' $7.6 billion acquisition of the U.S. oilfield equipment maker Dresser-Rand. Siemens AG has agreed to pay $83 per common share of Dresser-Rand, which has a market capitalization of $6.12 billion. Dresser-Rand Group Inc., based in Houston and Paris, has annual revenue of around $3 billion and employs about 8,100...

  • SHANGHAI, May 13- Rampant speculation in the shares of China's top two train manufacturers ahead of their planned merger is the latest example of the country's aggressive investment culture as Beijing plans more consolidation in its sprawling state sector. The speculation in China CSR Corp and China CNR Corp highlights the dangers of a market driven largely...

  • NEW YORK/ BRUSSELS, May 11- General Electric Co said on Monday for the first time it would be willing to consider concessions in order to win European approval to acquire the power equipment unit of France's Alstom. "We are willing to explore remedies to get this deal done even though again we believe in the merits of the deal," Steve Bolze, president and CEO of GE Power&...

  • Rising rates could contain stocks Wednesday, 6 May 2015 | 7:27 PM ET
    Traders work on the floor of the New York Stock Exchange.

    The rise in interest rates can affect stocks as traders wait for the job reports coming out on Friday.

  • 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...

  • Siemens unit in China bribery probe - report Sunday, 3 May 2015 | 5:42 AM ET
  • 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...

  • This light bulb wants to be as hip as your iPhone Saturday, 21 Mar 2015 | 12:05 PM ET
    Sengled Pulse intelligent light bulbs with multi-channel, wireless speakers hidden within.

    What if, with the flick of a switch, you could turn your light fixture into a music player, or perhaps a home monitor?

  • 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...