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.
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.
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.
Online payments company PayPal, a unit of eBay (EBAY.O), will buy Israeli cyber security company CyActive for $60 million, Israeli media reported.
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.
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.
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.
World stock indexes fell on Tuesday following disappointing company earnings, while the dollar retreated after an unexpected decline in U.S. durable goods orders.
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.
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.
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.
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.
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.
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.
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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