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.
Yahoo is making amends for years of blundering with one smart move: An investment in China's Alibaba that has turned into a multibillion-dollar boon.
Amid rumors that Alibaba is considering investing in its rival, Snapdeal, the ecommerce giant's boss said the group was not for sale.
Subsidies accounted for four-fifths of the profits reported by Chinese steel companies, a dramatic increase in reliance on state support.
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