The latest in Siemens AG

Siemens moves power unit to NC, adds 825 jobs

2010-03-11T14:45:16Z

<div id="subtitle">Siemens preps for expected rise in power demand, moves unit producing gas turbines to NC</div><div><p>German industrial conglomerate Siemens AG is consolidating production of gas turbines for electric utilities in North Carolina to position itself for an expected boom in electricity demand in the Southeast and around the world.</p><p&...

Siemens execs held in latest French "bossnapping"

2010-03-02T12:17:05Z

<div><p>LYON, France (Reuters) - Two managers of German electrical and engineering group Siemens AG were released on Tuesday after being held in their offices overnight by employees demanding concessions over job cuts.</p><p>Staff representatives said management had refused to bow to their demands for more genero...

Demand For Consumer Appliances Strong Despite Weak Global Economies

2010-02-08T07:31:31Z

Attention editors: The pictures of the BSH Bosch Siemens Hausgeraetewerk Nauen consumer appliances factory show washing machines, not dishwashers. Correct caption should read: NAUEN, GERMANY - FEBRUARY 08: A worker assembles a washing machine at the BSH Bosch Siemens Hausgeraetewerk Nauen consumer appliances factory, the world's third-largest appliance maker, on February 8, 2010 in Nauen, Germany....

Siemens to slash 2,000 German jobs

2010-02-22T14:14:38Z

<div id="subtitle">Siemens to slash some 2,000 German jobs, part of restructuring in technology, manufacturing</div><div><p>Industrial conglomerate Siemens AG says it plans to slash around 2,000 manufacturing jobs in Germany as part of restructuring measures due to lower market demand.</p><p>The company said in a sta...

Siemens Annual Shareholders' Meeting

2010-01-26T02:30:54Z

MUNICH, GERMANY - JANUARY 26: Peter Loescher, CEO of German industrial giant Siemens, addresses the media prior to Siemens annual shareholders' meeting on January 26, 2010 in Munich, Germany. Siemens fiscal first quarter net income rose by 24 percent to euro1.5 billion ($2.12 billion). (Photo b...

Siemens Headquarter

2010-01-18T10:30:49Z

MUNICH, GERMANY - JANUARY 18: The heaquarter of Siemens AG, Europe's biggest engineering company is pictured on January 18, 2010 in Munich, Germany. The annual general meeting of German industrial giant Siemens will take place on 26. January 2010. (Photo by Miguel Villagran/FRANKFURT (Reuters) - Siemens and ThyssenKrupp are set to be the first big German companies to give shareholders a vote on executive pay, broadening the debate in a country where many managers have fought hard to keep their salary a s...

German Economy Showing Signs Of Recovery

2010-01-08T10:31:32Z

BERLIN - JANUARY 08: A worker cleans a rotor assembly for a turbine at the Siemens gas turbine factory on January 8, 2010 in Berlin, Germany. Recent economic data, including better-than-expected unemployment figures and a positive trend in manufacturing orders in the last quarter, are giving economists hope that the German economy is recovering faster tha...

WHAT HEALTH REFORM WON'T CURE

2010-02-23T14:22:31Z

<div><h1>WHAT HEALTH REFORM WON'T CURE </h1><p>President Barack Obama and his Democratic allies on Capitol Hill say that a vast expansion of health coverage can be funded by squeezing out waste and fraud rather than cutting benefits. Whether that turns out to be true may help determine the success of the sweeping reform packag...

Drug, math research honored in youth competition

2010-02-23T19:34:55Z

<div id="subtitle">High school students honored in Siemens science contest for work on chemo drugs, graph theory</div><div><p>High schoolers who delved into the mysteries of chemotherapy and graph theory won $100,000 prizes Monday at a competition honoring the nation's top math and science students.</p><p>Five other individual students and five teams won $10,000...

Cancer, math research honored in youth competition

2010-02-23T19:35:53Z

<div id="subtitle">NY high school student honored in Siemens science contest for work on chemotherapy drugs</div><div><p>A New York high school student has won a prestigious science competition for a project examining resistance to chemotherapy.</p><p>The winners of the Siemens Competition in Math, Science and Tech...

SIEMENS RIDES THE OFFSHORE WINDS

2010-02-23T21:02:43Z

<div><h1>SIEMENS RIDES THE OFFSHORE WINDS </h1><p>German engineering giant Siemens () looks like an also-ran in wind turbines. It's in sixth place globally, with 7% of the market, well behind leaders Vestas and General Electric (). Yet the headquarters of Siemens Wind Power has plenty of bustle. Under the o...

Nokia willing to pay more for Nortel assets

2010-02-23T21:55:23Z

<div id="subtitle">Nokia Siemens objects to Ciena bid for Nortel assets, willing to pay more</div><div><p>Nokia Siemens has asked a U.S. bankruptcy court to reject Ciena Corp. as the...

Siemens predicts profit slump in "challenging" market

2010-02-23T21:31:02Z

<div><p>MUNICH (Reuters) - German industrial conglomerate Siemens &lt;SIEGn.DE&gt; took a big fourth quarter writedown on its struggling network joint venture with Nokia and warned of lower operating profits and possible restructuring in 2010.</p><p&a...

Siemens 4Q loss narrows from year earlier

2010-02-23T21:37:45Z

<div id="subtitle">Germany's Siemens reports 4th quarter net loss of $1.65 billion, driven by write-down</div><div><p>Germany's Siemens AG said Thursday that its losses narrowed to euro1.1 billion ($1.65 billion) in its fiscal fourth quarter, as writedowns on its Nokia Siem...

Siemens Annual Press Conference 2009

2009-12-03T02:45:56Z

MUNICH, GERMANY - DECEMBER 03: Joe Kaeser, the financial director of Siemens, lools on during the annual press conference on December 3, 2009 in Munich, Germany. Siemens expects its operating profit to decline this fiscal year. (Photo by Miguel Villagran/Bongarts/Siemens AG in Muenchen. Nach dem ueberraschenden Vergleich mit dem frueheren Konzern-Chef Heinrich von Pierer hat sich Siemens nahezu mit der gesamten frueheren Vorstandsriege ueber Schadenersatzzahlungen im Schmiergeldskandal geeinigt, teilte der Konzern am Mittwoch, 2. Dezember 2009, in Mu...

Siemens reports quarterly loss of 1 bln euros

2010-02-23T21:36:12Z

<div><p>German industrial giant Siemens said Thursday it suffered a net loss of one billion euros (1.5 billion dollars) in the last quarter of its 2008/09 fiscal year, and expected the current year to be worse.</p><p>Earnings from the year ended on September 30 were slammed by 1.962 billion euros in charges stemming from the group's WILMINGTON, Delaware (Reuters) - Bankruptcy courts cleared on Wednesday Ciena Corp's acquisition of a unit of bankrupt Nortel Networks Inc for $769 million after fighting off a legal challenge by Siemens said on Wednesday that six more former directors would pay damages in connection with a wide-ranging corruption scandal.</p><p>In all, nine former Siemens executives, including ex bosses Heinrich von Pierer and Klaus Kle...