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Siemens AG

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  • *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...

  • Halliburton pounces on Baker Hughes Monday, 17 Nov 2014 | 7:15 AM ET

    NEW YORK— In a deal that shows just how quickly falling prices can upend the energy industry, Halliburton is buying rival oilfield services company Baker Hughes for cash and stock worth $34.6 billion. That has forced the industry to cut costs by delaying or scaling back drilling— which means less work for Halliburton and Baker Hughes, companies that manage oil...

  • 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 CEO on continuing health care carve up     Thursday, 6 Nov 2014 | 1:30 AM ET

    Joe Kaeser, CEO of Siemens, says there is "strategic rationale" behind continuing to carve up the company's health care businesses.

  • Not concerned about oil price: Siemens CEO     Thursday, 6 Nov 2014 | 1:30 AM ET

    Joe Kaeser, CEO of Siemens, says he is not concerned that the falling oil price will weaken demand for the company's wind turbine generation technology.

  • FRANKFURT, Oct 28- Alexander Dibelius, one of Germany's most prominent investment bankers, is stepping down as country-head of Goldman Sachs and will be replaced by Wolfgang Fink and Joerg Kukies, according to an internal memo obtained by Reuters. Dibelius, who came to Goldman in 1993 and took the helm in Germany in 2002 after predecessor Paul Achleitner left for...

  • HELSINKI, Oct 23- Nokia delivered quarterly profits well above expectations on Thursday, six months after selling its struggling handset business to Microsoft in a 5.6 billion euros deal that transformed it into a pure play network equipment maker. The Finnish company reported strong earnings from its core network gear unit and lifted the outlook for the...

  • UPDATE 2-Higher advisory fees drive Lazard profit beat Thursday, 23 Oct 2014 | 10:13 AM ET

    Oct 23- Investment bank and asset manager Lazard Ltd reported a better-than-expected quarterly profit as it earned more fees from advising on M&A deals amid a surge in cross-border transactions. German companies were at the forefront of a slew of large cross-border deals in September, such as the $17 billion takeover of U.S.-based Sigma-Aldrich Corp by...

  • Oct 23- Investment bank and asset manager Lazard Ltd reported better-than-expected quarterly profit and revenue due to a jump in M&A advisory fees and an increase in asset management revenue. Among the big deals Lazard advised on during the quarter were Siemens AG's $7.6 billion acquisition of oilfield equipment maker Dresser-Rand Group Inc and chemical...

  • Lazard profit rises 48 pct on higher advisory fees Thursday, 23 Oct 2014 | 6:23 AM ET

    Oct 23- Lazard Ltd reported a 48 percent rise in quarterly profit due to a jump in advisory fees from higher M&A activity and an increase in asset management revenue. The company's net profit rose to $89 million, or 67 cents per share, in the third quarter ended Sept. 30, from $60 million, or 45 cents per share, a year earlier. Among the big deals Lazard advised on during the...

  • China to pitch high-speed trains to California Monday, 20 Oct 2014 | 10:49 PM ET

    SHANGHAI, Oct 21- State-backed China CNR Corporation is making a pitch to sell its high-speed trains to California, signalling China's growing export ambitions for such technology after building the world's longest network in just seven years. It marks the first concrete attempt by China to sell high-speed locomotives abroad and establish itself as a...

  • FRANKFURT, Oct 17- German industry is learning how to profit from the upheaval and costs of the country's shift towards solar and wind energy. Greater reliance on renewables in Europe's biggest power market is making the peaks and troughs of electricity production bigger and less predictable, as the wind picks up or drops and the sun shines or disappears behind...

  • LONDON, Oct 17- British engineer Rolls-Royce warned on Friday that deteriorating economic conditions meant its profit would not rise next year as previously forecast, sending its shares plunging as much as 16 percent. Wherever you look there were signs of economic slowdown such as the fall in oil and iron ore prices, an absence of growth in Europe and a slowdown...