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Siemens AG

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  • *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to clinch a contract to build a $3.75 billion Mexican high-speed train system even after its original winning bid was revoked when it became engulfed in a political scandal, say sources with knowledge of the bidding.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.

  • 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...

  • India waits for Modi to dig economy out of hole Tuesday, 11 Nov 2014 | 6:21 PM ET
    India's Prime Minister Narendra Modi

    Since the election of Prime Minister Narenda Modi six months ago, the prospect of better times ahead has not yet persuaded firms to invest in India.

  • Wyoming data center: We'll power ourselves, thanks Tuesday, 11 Nov 2014 | 2:43 PM ET
    Microsoft's biogas and fuel cell Data Plant system under construction in Cheyenne, Wyo.

    A Microsoft Data Plant in Wyoming uses fuel cells and anaerobic digesters for zero-carbon power.

  • Mexico scraps $3.75B China rail deal before state visit Saturday, 8 Nov 2014 | 12:28 AM ET

    Mexico has revoked a $3.75 billion high-speed rail contract from a Chinese-led consortium after its uncontested bid prompted an outcry from lawmakers.

  • Europe closes mixed after ECB's Draghi speech Thursday, 6 Nov 2014 | 11:41 AM ET

    European shares closed mixed on Thursday, after ECB President Mario Draghi hinted as to the possibility of further aggressive stimulus measures.

  • 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
    Siemens CEO on Germany slowdown

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