For some in eastern Europe, communism helps explains how two small countries managed to triumph in computing.» Read More
The board chairman of German industrial giant Siemens said Thursday he was stepping down and hoped that a successor could steer the scandal-plagued company into "calmer waters."
Nokia Siemens Networks, which began operations on April 1, said Monday it expects "very slight" market growth in 2007, downgrading earlier estimates by the two companies that formed the joint venture.
A board member of Siemens was arrested Tuesday in connection with an investigation of alleged payments to the head of a tiny labor union, the company said.
Two former managers of German industrial group Siemens denied charges of breach of trust and bribery but acknowledged making payments to employees of Italy's Enel to secure gas-turbines contracts.
Health insurer UnitedHealth Group said on Monday it would acquire Sierra Health Services for $43.50 per share to help it expand in the fast-growing U.S. Southwest.
Siemens is close to a deal to buy business software maker UGS for about $3.5 billion, including debt, two sources familiar with the situation said on Wednesday.
The project, codenamed "Herkules," foresees the modernization of the administrative information technology system and of communication networks for the German armed forces, the Bundeswehr.