Siemens To Improve Software Operations Through $4.5B Deal

Aiming to sustain its industrial software business and respond to the pace considering the developments in the manufacturing technology, Siemens, one of the largest German engineering company, will enter into a deal to buy Mentor Graphics (MENT.O) for $4.5 billion.

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GE and Alstom get $5.6 billion deals to build India railways

General Electric Co. and Alstom have won contracts from India's state owned rail company worth a combined of $5.6 billion to supply and service diesel locomotives as the country works to modernise its infrastructure. The contracts are also the biggest deal to be awarded by India to foreign firms.

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Siemens CEO says Russia sales have halved: newspaper

German industrial group Siemens has seen sales in Russia plunge by about half due to the country's economic demise, Bild am Sonntag reported, citing chief executive Joe Kaeser.

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PayPal to buy Israeli cyber security firm CyActive: media

Online payments company PayPal, a unit of eBay (EBAY.O), will buy Israeli cyber security company CyActive for $60 million, Israeli media reported.

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'Made in China' nuclear reactors a tough sell in global market

As China signs global deals to export its nuclear power technology, it faces a huge obstacle: it still needs to show it can build and safely operate these reactors at home.

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China's CNR says interested in buying foreign rail technologies

China CNR, one of the country's top trainmakers, said it was interested in buying foreign rail-linked technologies as China seeks to export its high-speed trains and rail expertise.

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Siemens to cut 2 pct of workforce in restructuring

German industrial group Siemens plans to cut 7,800 jobs worldwide, or about 2 percent of its workforce, to complete a wide-ranging restructuring of the company, it said on Friday.

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Stocks drop on weak earnings, U.S. durables; dollar slips

World stock indexes fell on Tuesday following disappointing company earnings, while the dollar retreated after an unexpected decline in U.S. durable goods orders.

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Siemens to buy Dresser-Rand for $7.6 billion

Industrial conglomerate Siemens AG (SIEGn.DE) said on Monday it would buy U.S. oilfield equipment maker Dresser-Rand Group Inc (DRC.N) for $7.6 billion, in a move that would significantly boost the German company's oil and gas business in North America.

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Siemens considers bid for Dresser Rand: reports

Germany's Siemens (SIEGn.DE) is considering a bid for compressor and turbine maker Dresser-Rand (DRC.N) that could potentially derail a merger between Dresser-Rand and Swiss pump maker Sulzer (SUN.S), according to several media reports on Friday.

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Siemens to delist from London, Swiss exchanges

German engineering group Siemens will delist its shares from the London and Swiss stock exchanges because of low trading volumes there, it said on Tuesday.

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Siemens in talks to sell stake in household goods venture to Bosch - sources

German engineering group Siemens is in final stage talks to sell its 50 percent stake in a household goods joint venture to partner Robert Bosch, two sources familiar with the matter said on Wednesday.

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More corporations support technology startups through accelerators

After years of putting young firms at the backseat, more corporations are now financing early stage startups in the technology space through accelerator programs, TechCrunch reported.

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Siemens secures credit facility worth USD3 billion

Siemens announced on Wednesday it had obtained a new USD3 billion credit facility to replace a previous one that had expired last August of this year.

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Gerhard Cromme to quit Axel Springer board- magazine

A business magazine reported that Gerhard Cromme would leave the board of Axel Springer to concentrate on his role at Siemens.

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