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  • *Siemens, Ericsson, Philips lead falls after weak updates. LONDON, Jan 27- European shares were little changed on Tuesday as disappointing updates by companies like Siemens and Ericsson raised concern about the coming earnings season and weakened demand for stocks after an eight-day rally. Telecoms network supplier Ericsson was down 3.3 percent after it...

  • European rally hits pause on mixed trading updates Tuesday, 27 Jan 2015 | 3:10 AM ET

    LONDON, Jan 27- European shares opened steady on Tuesday as mixed corporate updates from firms including Siemens and Ericsson tempered investor appetite for stocks after an eight-day rally. Shares in Siemens fell 1.9 percent after it said profit from its industrial units fell 4 percent last quarter, driven by a drop at its power and gas unit, where it is...

  • SHANGHAI, Jan 26- China CNR Corp Ltd and CSR Corp, China's two top trainmakers, recently signed deals worth 45.41 billion yuan with Chinese and foreign firms. CNR's deals included the confirmation of a 4.1 billion yuan subway contract with the Massachusetts Bay Transportation Authority, which it announced in October. The two state-backed firms plan to merge to...

  • SHANGHAI, Jan 26- China CNR Corp Ltd, one of the country's top train makers, said on Sunday it had recently signed 24.3 billion yuan of deals with both Chinese and foreign firms. They included a 4.1 billion yuan subway deal with the Massachusetts Bay Transportation Authority, which Reuters reported in October. CNR plans to merge with CSR Corp Ltd, another of China's...

  • *Israel leads OECD in R&D spending at 4.3 pct of GDP. TEL AVIV, Jan 19- Israeli entrepreneur Avi Brenmiller says he was coaxed by investors into selling Solel, his solar-thermal power firm, to Germany's Siemens for $418 million in 2009. Today, little is left of it after Siemens pulled out of the business. Israel's high tech industry is a major growth engine and...

  • MEXICO CITY, Jan 14- China Railway Construction Corp looks poised to clinch a contract to build a $3.75 billion Mexican high-speed train system even after its original winning bid was revoked when it became engulfed in a political scandal, say sources with knowledge of the bidding. Mexico on Wednesday revealed fresh preliminary bid terms for the tainted train...

  • Mexico will on Wednesday reveal the fresh bid terms for the tainted train project linking Mexico City with the wealthy, industrial city of Queretaro, which was meant to be one of Mexican President Enrique Pena Nieto's flagship infrastructure investments. Since taking office in 2012, Pena Nieto has courted Chinese money to wean Mexico off its dependency on...

  • China railway strategy goes off track Tuesday, 23 Dec 2014 | 8:38 PM ET
    Mechanics check a high-speed train at Xi'an Electric Multiple Unit Maintenance Base

    A decade after splitting two railroad manufacturers from the same company to promote competition, China now wants to recombine them. The Financial Times reports.

  • Fear factor fades as global M&A hits 7-year high Monday, 22 Dec 2014 | 5:47 AM ET

    CEOs got their deal-making mojo back in 2014, emboldened by a clearer outlook for their businesses to take M&As to their highest level since 2007.

  • MOSCOW/ LONDON, Dec 19- Russia pays hugely inflated prices for vital medical equipment made by Western companies, in part because some manufacturers channel sales through obscure intermediary companies, a Reuters examination has found. An analysis of 20,000 transactions dated between January 2006 and July 2013 found that international companies sold...

  • Dec 17- Oracle Corp reported a 3.5 percent increase in quarterly revenue on Wednesday, beating Wall Street's expectations, as sales at its closely watched cloud services business rose 45 percent. Investors have been carefully watching how Oracle beefs up its cloud divisions, which deliver software over the Internet. "Oracle has been going through a transition...

  • WASHINGTON/ PARIS, Dec 16- Alstom SA is close to settling a bribery case with the U.S. Justice Department for $700 million, a person close to the matter said on Tuesday, in what would be the largest criminal fine levied by the United States for foreign bribery. A top Justice Department official said in a speech last month that Alstom executives along with Japanese...

  • SHANGHAI, Dec 15- Chinese trainmaker CSR Corp Ltd said it won 1.7 billion yuan worth of orders from Argentina, as Chinese rail firms increasingly flex their muscles overseas. China Railway Construction Corp Ltd signed a $12 billion railway contract in Nigeria in November, the largest single overseas construction deal won by a Chinese firm.

  • Siemens challenges Bombardier contract win in Vienna Friday, 12 Dec 2014 | 7:52 AM ET

    VIENNA, Dec 12- German group Siemens has filed an appeal challenging the city of Vienna's selection this month of Canada's Bombardier to supply trams in a deal worth 562 million euros, the city's transport authority said on Friday. A Wiener Linien spokesman said a Vienna court would now rule within weeks on the contract for as many as 156 streetcars.

  • TORONTO, Dec 8- Canada's Bombardier Inc said on Monday it is not bidding for the contract to replace Amtrak's high-speed Acela, clearing the way for a rival to produce the next generation of the popular but sometimes troubled U.S. passenger trains. Alstom declined to comment on whether it is bidding. The relationship between Amtrak and the Bombardier/ Alstom...

  • COPENHAGEN, Dec 4- The U.S. House of Representatives voted on Wednesday to renew a package of temporary tax breaks, known as the "extenders," including a wind production tax credit crucial for turbine makers such as Denmark's Vestas. The PTC will be extended for one year retroactively for 2014 if the Senate and President Barack Obama concur. However, he said the...

  • China Railway Construction flexes muscles abroad Wednesday, 3 Dec 2014 | 6:40 PM ET

    China Railway Construction's shows ambitions to become a global force in transport projects and take on the likes of Siemens, Alstom and Bombardier.

  • *China's rail giant CRCC snaps up overseas deals. SHANGHAI, Dec 4- It will take more than the abrupt cancellation of a high-speed train deal with Mexico to derail China Railway Construction Corp's ambitions to become a global force in transport projects and take on the likes of Siemens, Alstom and Bombardier. About two weeks after the cancellation, CRCC announced...

  • MILAN, Nov 27- Technology firm Insigma has teamed up with another Chinese company to try to buy Finmeccanica's rail assets, two people familiar with the matter said, a move that could thwart a rival bid from Hitachi. Italy's Finmeccanica is selling its unprofitable train-making unit AnsaldoBreda and its 40 percent stake in Ansaldo STS, which makes rail...

  • MILAN, Nov 27- Technology firm Insigma has teamed up with another Chinese company to try to buy Finmeccanica's rail assets, two people familiar with the matter said, a move that could thwart a rival bid from Hitachi. Italy's Finmeccanica is selling its unprofitable train-making unit AnsaldoBreda and its 40 percent stake in Ansaldo STS, which makes rail...