Siemens Energy sinks in the stock market: problems with wind turbines, revises earnings guidance downwards
Rising costs and turbine component failures underlie this decision. The stock loses more than 30% on the Stock Exchange
Gruppo FS continues the renewal of the freight railway fleet: 40 new Siemens locomotives
Ferrovie dello Stato Italiane has signed a purchase contract for 40 new Siemens interoperable locomotives with the option of a further 25. The contract is worth 300 million euro
Leonardo runs to Piazza Affari: agreement with Siemens on cybersecurity
Leonardo and Siemens have signed an agreement to strengthen cybersecurity on industrial facilities, energy, oi & gas. Stock market leap
Siemens: net loss of 1,5 billion in the quarter. Weigh Russia and energy. Title down on the Stock Exchange
Due to an accounting write-down, the German giant reported a net loss of 1,5 billion in the third quarter of its fiscal year. Since the beginning of the year, the stock is down 30%
Siemens and Shell leave Russia, Unicredit ready to sell: here are the companies that are fleeing from Moscow
The announcements of European groups who have decided to leave or who will leave Russia are multiplying - From beer to sport, from insurance companies to banks, here's who is retreating
Alstom-Siemens, competition is good for competitiveness
The rejection of the merger between Alstom and Siemens by the European Antitrust re-proposes the opposition between industrial policy and competition of the 70s but since then the perception of the close relationship between competition in the market and competitiveness of the industry has not…
Alstom-Siemens, the EU says No to weddings: "Competition at risk"
The largest European giant in the railway sector will never be born - The EU antitrust has blocked the merger between the two companies because it would have "Influenced competition in the railway market" - Wrath of Paris: "A favor to the Chinese" - Headline…
Siemens-Alstom, marriage at risk: EU Antitrust ready for No
Alstom and Siemens presented a package of proposals aimed at overcoming the fears of the EU Antitrust on possible distortions of competition, but the measures were considered insufficient.
Siemens cuts 7 jobs, half in Germany
The German company has announced that the reduction in demand for gas turbines will lead to personnel cuts, especially in the divisions active in energy and automation.
Alstom-Siemens, one step wedding on supertrains
According to the Financial Times, the announcement is imminent - 50% of the new company would go to the Germans, which would have its headquarters in France, would be listed on the Paris Stock Exchange.
Alstom-Siemens, possible wedding
"Alstom confirms the existence of negotiations with Siemens relating to a possible aggregation between Alstom and the Mobility division of Siemens", says the French group in a note where, however, it underlines that "no decision has been taken".
Saipem makes agreements with Siemens and Ntt Data
The collaboration agreement with Siemens aims to improve the performance and reduce the costs of submarine control systems - The agreement with Ntt Data, on the other hand, aims at the implementation of new solutions in shipyards and on ships.
Siemens announces cut of 7.800 jobs (of which over 3 in Germany)
The painful restructuring measures are expected to lead to savings of 1 billion euros by the end of 2016.
Ten weeks of rising for the dollar but the duel between the USA and Germany is worrying the markets
Despite a small slowdown this morning, the dollar closes 10 weeks of continuous rise as it hasn't happened since 1967 - The markets, however, are looking with concern at the exchange of accusations between the US and the German minister Schaeuble who replies…
Alstom, Paris chooses General Electric
Rival bid by German Siemens and Japanese Mitsubishi defeated - At the same time, Economy Minister Arnaud de Montebourg announced that the state will become the first shareholder of Alstom with a 20% stake.
Siemens and Mitsubishi relaunch on Alstom
The German giant and its Japanese ally have raised their valuation of the French conglomerate by 400 million euros, bringing it to 14,6 billion - General Electric's offer for the French group's energy division expires on Monday -…
Alstom, GE returns to the assault: new offer tomorrow, Paris decision on Friday
The US giant returns to the assault on the energy branch of the French group Alstom: tomorrow, according to Reuters reports, it will present a new offer to the Paris government and the unions, which exceeds the previous one - of 12,5 billion - considered for now...
Alstom: Siemens and Mitsubishi present joint offer of 7 billion
Siemens and Mitsubishi Heavy Industries have formulated a joint offer on the French Alstom for a total of 7 billion euros - In particular, Siemens has proposed to buy the assets in gas turbines for 3,9 billion maintaining the current…
Alstom, Hitachi enter the game together with Mitsubishi and Siemens
Will participate in the joint offer of Mitsubishi Heavy Industries and Siemens to acquire part of the energy assets of the French industrial group - The proposal is aimed at countering the offer made by the Americans of General Electric to buy the entire energy division of…
Alstom, Eliseo: "We have no preferences, but the offers need to be improved"
From Paris they let it be known that they have no "preference for one or the other proposal", but "needs which are employment, maintaining activities in France, energy independence" - They measure themselves on these points " offers and the goal now is…
Siemens and Mitsubishi Heavy Industries evaluate offer for some Alstom activities
According to sources close to the dossier, the activities covered by the possible offer would concern Alstom's energy sector, for which General Electric (Ge) is also in the running - Meanwhile, Alstom warns against a possible dismantling of the company in…
Siemens, shock restructuring: 11.600 jobs at risk
The German group confirmed that around 11.600 jobs will be involved in the restructuring process presented by CEO Joe Kaeser earlier this month.
Siemens meditates withdrawal from the race for Alstom, which flies on the stock exchange
According to the latest updates, Siemens is apparently withdrawing from the race for the French industrial giant, for which the track leading to General Electric therefore remains in pole position.
Alstom, the board of directors said yes to General Electric
The French group has accepted the offer of the American giant for its energy division - At this point, intervention by the Paris government cannot be ruled out.
Alstom at the crossroads: General Electric or Siemens, but German favourites
Decisive hours for Alstom's fate at the crossroads: the range of summit meetings has not yet resolved the alternative between General Electric and Siemens. But for geopolitical reasons, the Germans seem to be in pole position even if the Stock Exchange has…
Indesit: Whirlpool makes offer for Fineldo package
Among the possible buyers of the share that should be sold by the shareholder Fineldo (the safe of the Merloni family) there are 4 names: the Turkish Arcelik, the German Bosch Siemens, the Korean LG and the American Whirlpool - Whirlpool has allegedly made the proposal to…
Siemens earthquake, via managing director Löscher
Chairman and CEO Peter Löscher leaves after investor disappointments and strategic missteps - The sudden decision, according to the WSJ, could lead the giant into chaos - In his place perhaps the chief financial officer Kaeser
Stock market, Nokia flies on repurchase of the Siemens jv
The operation, worth 1,7 billion euros, was appreciated by the markets, which at the start rewarded the title of the Finnish mobile phone manufacturer with +8%.
Siemens, profit grows less than expected: +10% to 1,03 billion
The German group saw its orders increase by 20%, to 21,5 billion euros, thanks in particular to important contracts won in the offshore wind and rail sectors, but its quarterly turnover slipped by 7% to 18 billion…
Finmeccanica, Samsung withdraw from the tender for Ansaldo Energia
The energy company of the Samsung group explained that it does not intend to participate in the tender because it does not believe that the purchase will be useful for strengthening its core business, i.e. the construction of components for power plants.
Ansaldo Energia, Siemens denies binding offer: "Interested only in turbines"
A source close to the German company, according to Reuters reports, denied the rumors of a binding proposal for Ansaldo Energia - "They affect the order book of gas activities, but in terms of technology, Siemens has nothing to learn".
Stock market, Finmeccanica rebounds after Siemens offer for Ansaldo Energia
The German giant has put on the table a sum close to that estimate of 1,3 billion euros for the Finmeccanica subsidiary - But the new CEO, Alessandro Pansa, has postponed any decision until after the vote.
Siemens, earnings down 12% in the quarter
The German industrial giant reported a 12% drop in profits to 1,2 billion - A decline also for new orders, but a 2% increase in turnover to 18,1 billion - Confirmed targets for 2013.
Stock Exchange, Finmeccanica still rallying on Ansaldo Energia rumours
Negotiations for the sale of the subsidiary accelerate: January 23rd is the deadline for offers - Doosan's Koreans seem to have an advantage over Siemens, while the Italian consortium led by the FSI could by now be out of the game.
Ansaldo goes public after Siemens-Invensys Rail announcement
The announcement of the Siemens-Invensys Rail purchase operation pushed the prices of Ansaldo, which is at the top of the Ftse Mib - At those multiples, Ansaldo's price would rise significantly - Finmeccanica shares also did well.
Finmeccanica, no top management from Monti: Siemens renounces Ansaldo Energia and Pansa gains ground
Monti cancels tomorrow's summit on Finmeccanica due to the sunset of the Bae-Eads merger but the winds of war remain - Siemens throws in the towel on Ansaldo Energia: the Grilli-Passera line won, supported in the holding by Alessandro Pansa, who…
Final squeeze on Ansaldo Energia: Finmeccanica takes to the stock market
The race undertaken in the last week by the title of Finmeccanica continues, which also today leads the Ftse Mib - For Ansaldo Energia, a head-to-head between Siemens and the Italian consortium is looming.
Passera: "Do Ansaldo Finmeccanica in the interest of Italy and the company"
Corrado Passera, on the sidelines of a conference, comments on the situation of Ansaldo Energie, disputed between Siemens and an Italian consortium linked to Cdp - "If there is a possibility that it goes to Italian entrepreneurs, it would be better, but the priority is…
An Italian consortium enters for Ansaldo, the title of Finmeccanica flies
The rumors about the imminent sale of Ansaldo Energia push up the Finmeccanica stock, which gains 2,49% and is at the top of the Fitse Mib - A consortium of Italian entrepreneurs has joined the negotiation, gravitating around…
Stock market, Finmeccanica flies: the agreement with Siemens for the sale of Ansaldo Energia is close
The operation has not yet closed, but according to the latest rumors, only the last term sheet clauses would remain to be defined - The proceeds for the Italian group would be around 500 million euros and would significantly reduce the corporate debt.
Siemens: expected cuts of thousands of jobs, due to the crisis (-43% of orders)
The German electronics company will cut thousands of jobs between October and November due to the crisis. In fact, the German giant suffered a 43% drop in orders in 2012.
Stock market: Finmeccanica soars after contracts with Israel, Avio accounts and rumors of Siemens offer for Ansaldo
The group's stock leads the Ftse Mib - Rumors of an imminent offer by Siemens for Ansaldo Energia are driving the shares, but also the maxi-contracts signed in Israel and the good results of…
Siemens accelerates on Ansaldo, incoming offer
According to financial rumors, the Germans are preparing, together with the advisor Credit Suisse, an offer equal to about 1,3 billion euros - Siemens will however also have to agree with First Reserve, a minority shareholder, and with the financing banks of Ansaldo Energia.
Ansaldo, Siemens asks to meet Doria and Burlando to buy the company
After the three-way meeting between Siemens, Finmeccanica and First Reserve, the German multinational group would like to resolve any doubts thanks to the project it plans to present to the highest authorities of Genoa and Liguria: the mayor of Genoa…
Nokia in the crosshairs: class action in the USA, 580 redundancies with Siemens in Italy
The initiation of the class action was communicated by the Finnish giant himself, who however did not specify the charges underlying the legal action - Nokia Siemens Network has announced 580 redundancies out of 1.100 employees in Italy.
Siemens Reports 2011-2012 First Quarter Earnings Down 17%
The German group started the first quarter 2011-2012 badly, recording a drop in profits to 1,46 billion euros - The overall data on the turnover increased by 2%, but the orders fell, in particular those of …
From Siemens to BMW, from Daimler to Deutsche Telekom and Deutsche Post: the big German company supports the euro
The big names in German business have clearly distanced themselves from the sortie of Reitze (Linde) who hypothesizes Germany's exit from the eurozone - Be careful, however, with regard to Merkel's hesitant policy.
Siemens, turnover ever closer to 100 billion euros
The German technology giant closed the 2010/2011 fiscal year with a net profit of 6,15 billion euros (+57,6%) and a turnover of 73,5 billion euros, but announces that it will cutting jobs in the healthcare division…
Volvo and Siemens together for electric cars
The Swedish automaker, controlled by the Chinese giant Geely, has decided to work in partnership with the German electronic engineering giant to develop electric motors and produce green vehicles.