The head of Siemens was accused this week of sounding more like the head of a start-up; Joe Kaeser told CNBC that was a compliment.» Read More
European shares closed mixed on Thursday, after ECB President Mario Draghi hinted as to the possibility of further aggressive stimulus measures.
Siemens is focusing on the United States to drive growth amid a weakening European economy, the chief executive told CNBC on Thursday.
Joe Kaeser, CEO of Siemens, says that despite Germany's economy being strong the company does see some slowdown in the economy.
Joe Kaeser, CEO of Siemens, says there is "strategic rationale" behind continuing to carve up the company's health care businesses.
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.
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.
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.
The German industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group for all cash
Siemens plans to offer more than $6.1 billion for U.S. compressor and turbine maker Dresser-Rand, Germany's Manager Magazin said on Friday.
Plans are advancing for a private high-speed luxury railway in Florida by the end of 2016.
Christophe de Maistre, chairman of Siemens France, says France's labor market is too rigid and costs need to be reduced.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
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Peter Sorrentino, Senior Portfolio Manager at Huntington Asset Advisors, explains why Siemens and Mitsubishi Heavy are the winners of a "compromised deal" between General Electric and Alstom.
Gilles Sitbon, senior fund manager at Sycomore Asset Management, says a tie-up between Alstom and GE is "attractive" for both companies.
European shares finished Friday's session slightly higher, with investors contemplating M&A activity and ongoing tensions in Iraq.
GE will be allowed to proceed with its revised offer to buy Alstom's power and grid business as long as it meets certain conditions.