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Siemens AG

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  • *U.S. stocks fall on disappointing earnings; MSCI global index slips. NEW YORK, Jan 27- World stock indexes fell on Tuesday following disappointing company earnings, while the dollar retreated after an unexpected decline in U.S. durable goods orders. All three major U.S. stock indexes ended more than 1 percent lower, with shares of Microsoft, down 9.3 percent, and...

  • *Ericsson and Philips fall after weak updates. LONDON, Jan 27- Renewed concern over Greece and weak results at companies such as Siemens and Philips halted a winning run on European stock markets on Tuesday. The euro zone's blue-chip Euro STOXX 50 index also declined 1.4 percent after a similar eight-day winning streak.

  • Siemens chairman says to stay on until 2018 Tuesday, 27 Jan 2015 | 9:35 AM ET

    MUNICH, Jan 27- Gerhard Cromme, the powerful chairman of German industrial group Siemens, will stay on until the end of his contract in 2018, he told shareholders at Siemens' annual general meeting on Tuesday, a year after facing public calls to resign at the same event. Cromme, 71, has been on Siemens' supervisory board since 2003, during which time he has seen off...

  • MUNICH, Jan 27- Siemens Chief Executive Joe Kaeser faced tough questions on Tuesday about his stewardship of Europe's biggest engineering group, 18 months after overthrowing his predecessor in a messy boardroom coup. Siemens shares fell more than 3 percent and Kaeser, 57, faced criticism at the company's annual meeting in Munich. "Even if you are the right man at...

  • *Ericsson and Philips fall after weak updates. LONDON, Jan 27- Renewed concern over Greece and weak figures from leading companies such as Siemens and Philips halted a winning run on European stock markets on Tuesday. The benchmark Athens ATG equity index fell 3.6 percent and Greece's borrowing costs rose.

  • LONDON, Jan 27- The euro rose and shares slipped in Europe on Tuesday as mixed corporate earnings and concerns over Greece kept investors cautious ahead of a busy week which will include the first policy meeting of the U.S. Although core bond yields held near those lows, lower-rated yields edged higher after Europe signalled it would not yield to a new Greek...

  • *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...

  • Siemens boss on management reshuffle   Tuesday, 27 Jan 2015 | 1:00 AM ET
    Siemens boss on management reshuffle

    Joe Kaeser, CEO of Siemens, discusses the change of management in the power and gas and healthcare business, saying the company needs the "next generation" of people for the company's development.

  • 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
    Merger M&A

    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.