For some in eastern Europe, communism helps explains how two small countries managed to triumph in computing.» Read More
Internal investigators have uncovered more than 1 billion euros ($1.4 billion) of dubious payments at Siemens' telecoms and turbines divisions, far more than previously thought, the Sueddeutsche Zeitung said.
Strong cell phone demand in emerging markets and in Western Europe boosted Nokia's second-quarter sales and profits, sending its shares to their highest level in more than five years.
Quarterly earnings reports and new drug trial data were some of the catalysts behind the most actively traded stocks on Wednesday.
Siemens' new chief executive made his debut on Wednesday with a politically astute disposal, a surprise acquisition but a weak set of third-quarter results, sending Siemens shares down more than 4%.
Corporate takeovers in the tech sector and earnings news were some of the catalysts behind the most actively traded stocks on Monday.
Shares of Tellabs surged 19 percent Monday, after a financial news Web site reported the U.S. telecommunications equipment maker was entertaining a $7 billion bid by a joint venture of Nokia and Siemens.
Continental Chief Executive Manfred Wennemer will have to play the German card to get key support from German unions to buy conglomerate Siemens' automotive electronics unit VDO.
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German car parts maker Continental and Blackstone Group with its TRW Automotive Holdings are set to submit bids for VDO, the automotive unit of Siemens, people familiar with the situation said on Wednesday.
Nokia said Klaus Kleinfeld, the president and chief executive of Siemens, has resigned from the board of Nokia Siemens Networks, as of July 1.
Telecom equipment maker Nokia Siemens Networks said Friday that it appointed Eric Simonsen as chief financial officer, effective June 1.
Siemens supervisory board chairman Gerhard Cromme is considering selling some of the company's businesses in a bid to increase share value and thwart any threats of a hostile takeover, Der Tagesspiegel said, citing board sources.
The supervisory board of German engineering conglomerate Siemens announced Sunday it has tapped Peter Loescher as its new CEO as the company struggles to improve an image tarnished by corruption.
Two former Siemens officials were convicted Monday of bribery and assisting bribery for their involvement in multimillion-dollar payments to officials at an Italian utility.
Foreign stocks have outpaced the U.S. for the past five years. But analysts say investors can still find good opportunities in select foreign companies and U.S. multinationals that do substantial business overseas.
When the owners of football teams want the best performance, they hire the best managers. When the team is failing the manager gets sacked.
German industrial conglomerate Siemens will set higher profitability targets for most of its businesses to reach by 2010, it said on Thursday, a day after Chief Executive Klaus Kleinfeld resigned.
Siemens Chief Executive Klaus Kleinfeld will leave the scandal-hit group when his contract expires at the end of September, the company said on Wednesday, deepening its leadership crisis.
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Siemens' outgoing supervisory board chairman, who is departing amid corruption scandals at the company, said in an interview published Sunday that he knew nothing about alleged improper payments during his time at the helm and is leaving with his "head held high."