Siemens AG


  • MUNICH, Jan 28- German engineering group Siemens posted a 15 percent rise in quarterly profit and higher margins, the first signs that Chief Executive Joe Kaeser is starting to close the gap with more profitable rivals.

  • *Investors look to Turkey central bank policy meeting. LONDON, Jan 28- Emerging markets steadied after three days of intense selling on Tuesday, as investors waited to see if Turkey, one of the epicentres of the rout, would hike interest rates to defend its battered lira.

  • Siemens helps European shares bounce back from lows Tuesday, 28 Jan 2014 | 4:00 AM ET

    *Rise in Siemens adds most points to FTSEurofirst 300. LONDON, Jan 28- European shares bounced back from near one-month lows on Tuesday, helped by a rise in Siemens after the German engineer posted higher first quarter profits. The euro zone's blue-chip Euro STOXX 50 index advanced 0.6 percent to 3,032.46 points.

  • LONDON, Jan 28- European shares rebounded from one-month lows in early trading on Tuesday, with Siemens gaining after posting a 15 percent jump in core operating profit. Shares in the German conglomerate rose more than 2 percent following impressive results as new Chief Executive Joe Kaeser reined in costs and tightened control of major projects.

  • UPDATE 2-Siemens says must press on with cost cuts Tuesday, 28 Jan 2014 | 2:51 AM ET

    *Siemens shares indicated 0.8 percent higher. MUNICH, Jan 28- Siemens needs to press on with cost cuts, its chief executive said on Tuesday, as the German engineer battles a tough market environment and strong euro that have hurt industrial companies' earnings.

  • Joe Kaeser, CEO of Siemens, says emerging markets are still growing strong, though China's economic pick-up is taking longer than expected.

  • Siemens posts 20% rise in net profit Tuesday, 28 Jan 2014 | 12:00 AM ET

    German electronics and engineering firm Siemens reported a 20 percent rise in first quarter net profit on Tuesday and kept its outlook for 2014.

  • Veterans of the annual World Economic Forum in Davos seized on the wobble as a warning that expectations for a smooth upswing were misplaced, and that recovery would likely be volatile and uneven. "I hear way too much optimism now," Larry Fink, CEO of investment group BlackRock, told the forum.

  • Sees Q4 net profit at $525 mln vs $924.25 mln analyst forecasts. ZURICH, Jan 22- Swiss engineering group ABB told investors on Wednesday it would miss fourth-quarter profit expectations due to weak orders at its power division and delays on wind projects in the North Sea.

  • Jan 9- Alcoa Inc and a joint venture it controls have agreed to pay $384 million to resolve charges of bribing officials of a Bahraini state-controlled aluminum smelter, marking one of the largest U.S. anti-corruption settlements of its kind.

  • NEW DELHI, Jan 9- India will soon invite foreign businesses to help expand its once-mighty but now outdated railways, government sources said, in a move that would mark the opening up of one of the country's last great state-controlled industries.

  • European shares set to mark strongest year since 2009 Monday, 30 Dec 2013 | 11:11 AM ET

    *FTSEurofirst 300, Euro STOXX 50 down 0.3 pct. PARIS, Dec 30- European stock indexes stayed on track on Monday to post their biggest annual gains in four years after signs of economic recovery coupled with a long run of cheap central bank money prompted investors to scoop up shares.

  • Dec 30- Germany's blue-chip index DAX closed the year with a gain of 26 percent on Monday, strongly outpacing pan-European indexes as investors favoured shares from the region's biggest economy. The strong annual gains for the DAX- home of bellwethers such as Siemens, BMW and Deutsche Bank- followed a rise of 29 percent last year.

  • Private equity firm Carlyle Group is nearing an agreement to acquire a Johnson & Johnson unit, people familiar with the matter said.

  • PARIS, Dec 18- French utility GDF Suez's Cofely unit plans to buy several smaller peers with combined revenue of 1 billion euros to drive home its advantage as Europe's biggest provider of energy services for buildings.

  • AMSTERDAM, Dec 12- Every year Singaporeans and Malaysians choke on smoke when farmers and plantation firms in neighbouring Indonesia clear the land with fires during the dry season. Last summer, Philips diverted stocks of air purifiers from Hong Kong and China to the area in time for the worst pollution in 16 years.

  • FRANKFURT, Dec 5- Siemens' troubled Infrastructure& Cities business will take a more selective approach to new projects to boost profitability, the head of the division said on Thursday.

  • WASHINGTON, Dec 4- Wal-Mart Stores Inc is paying for lawyers to represent more than 30 of its executives involved in a foreign corruption investigation, according to people familiar with the matter, an unusually high number that shows the depth of the federal probe.

  • European firms size up Iran's post-deal potential Friday, 29 Nov 2013 | 12:00 AM ET

    *Populous, resource-rich Iran could be lucrative market. *German exports to a post-sanction Iran could hit 5 bln euros.

  • FRANKFURT, Nov 27- German engineer Siemens expects its Infrastructure& Cities business, which has been hit by project delays and restructuring, to reach its profitability target this financial year, it said on Wednesday.

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