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Siemens AG

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  • 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 seeks growth in 'attractive' US as Europe lags Thursday, 6 Nov 2014 | 3:40 AM ET
    A worker installs components at the base of a wind turbine blade at the Siemens AG turbine blade plant in Fort Madison, Iowa.

    Siemens is focusing on the United States to drive growth amid a weakening European economy, the chief executive told CNBC on Thursday.

  • Siemens CEO on Germany slowdown  Thursday, 6 Nov 2014 | 1:43 AM ET

    Joe Kaeser, CEO of Siemens, says that despite Germany's economy being strong the company does see some slowdown in the economy.

  • 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...

  • China sees tech cure for health-care woes Tuesday, 14 Oct 2014 | 8:02 PM ET

    Technology is widely used in developed markets, but the size and scale of China make this a huge opportunity for tech firms and a problem for doctors.

  • HANGZHOU, China, Oct 15- Liu Chunming almost died after a car crash in July in Taihe, a remote county in China's southeast Jiangxi province, but survived serious abdominal injuries thanks to specialist doctors who led his treatment from 1,000 kms away. Liu's case- one of a growing number of distance healthcare cases in China- reflects the rise in digital healthcare,...

  • *Deutsche Bank sees the euro falling to $0.95 by 2017. PARIS/ LONDON, Oct 8- The recent sharp slide in the euro and commodity prices is set to provide tailwind for European companies struggling against economic weakness, and soon break a streak of earnings downgrades that has already lasted 3-1/ 2 years. However, the euro's 10 percent drop in the past five months, and...

  • LONDON, Oct 7- A second day of grim German data and expectations for a cut in the International Monetary Fund's growth forecasts spooked European assets on Tuesday, as the recent spell of global financial market volatility continued. "Industrial production is currently going through a weak phase," Germany's Economy Ministry said in a statement.

  • *Iberdrola wants to make acquisition in the U.S. MADRID/ FRANKFURT, Oct 6- Spanish power firm Iberdrola has hired JPMorgan Chase& Co to sell some foreign renewable assets which could raise up to 2 billion euros to help fund an acquisition in the fast-growing U.S. market, three sources with knowledge of the matter said. Iberdrola's earnings suffered in Europe's...

  • Siemens may close some energy plants amid low margins Saturday, 4 Oct 2014 | 7:38 AM ET

    FRANKFURT, Oct 4- German industrial conglomerate Siemens expects low profit margins at its energy division in the next couple of years and could close some factories as a result, the head of the division told the Boersen-Zeitung newspaper. Siemens strengthened it this year with the acquisitions of U.S.-based Dresser Rand as well as Rolls Royce's power unit.

  • Siemens to acquire Dresser-Rand for $7.6 billion Sunday, 21 Sep 2014 | 8:14 PM ET

    Siemens has bid to acquire Dresser-Rand for $83 per common share in cash, in a deal with a total transaction value of $7.6 billion.