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Industrial conglomerate Siemens AG (NYSE:SI) is shutting down its solar business after not being able to find a buyer for it, newspaper Handelsblatt reported Monday, citing industrial circles.The closure will affect 280 jobs, mostly in Israel, the article said, noting Siemens took over Israel's Solel Solar Systems for 285 million euros ($373 million) in 2009. The German company wanted to become a world leader in solarthermics, but the business didn't meet expectations due to fierce competition and falling prices.Handelsblatt said the closure is expected to cost around EUR50 million.Siemens couldn't immediately be reached for comment. Handelsblatt said a Siemens spokesman confirmed to the paper that the segment will be shut down soon.Newspaper website: http://www.handelsblatt.com-Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.comSubscribe to WSJ: http://online.wsj.com?mod=djnwiresCopyright © 2013 Dow Jones Newswires...
The European Union's trade chief will ask for backing this week from senior members of the bloc's executive arm to start investigations into alleged unfair trade pra...
Network equipment vendor joint venture Nokia Siemens Networks (NOK, SI) said Monday it has signed a memo of understanding with Ericsson (ERIC) and Huawei to jointly ...
When Nelson Craveiro lost his minimum wage job selling soft drinks last October due to Portugal's raging economic crisis, he dared not imagine that his fluent German...
Nokia Siemens Networks, the network equipment joint venture of Nokia Corp. (NOK) and Siemens AG (SI), said Wednesday it will reduce 150 positions in Finland in group...
Network equipment joint venture Nokia Siemens Networks (NOK, SI) said Wednesday that Rick Corker, head of the North American region, will join the company's executiv...
Osram said Wednesday it will shut down its production site in Indonesia's Tangerang with some 1,100 employees as part of the savings program of Siemens' lighting uni...
Nokia Corp. (NOK) Chief Executive Stephen Elop vigorously defended the Finnish handset maker on Tuesday regarding investor concerns about his company's ability to go...
General Electric Co said on Monday the renewal of the U.S. production tax credit has helped it sell wind turbines with 1 gigawatt of generating power since January.T...
European stock markets stayed choppy after a European Central Bank rate cut on Thursday, showing muted reaction to the widely expected move. On a busy day for corpor...
Siemens USA CEO Eric Spiegel on the company’s efforts to hire and train veterans.
Chinese telecom operators will start awarding contracts for super-fast mobile networks this year, kicking off the third wave of a global investment cycle that is res...
The following is a summary of analysts' forecasts for Siemens AG (SI) second-quarter results, based on a poll of 16 analysts conducted by Dow Jones Newswires (figure...
Total SA agreed to pay $398.2 million to settle U.S. criminal and civil allegations that it paid bribes to win oil and gas contracts in Iran, and a French prosecutor...
Network equipment vendor Nokia Siemens networks (NOK, SI) said Thursday it has signed a memorandum of understanding with Intel Corp. (INTC) to develop the mobile bro...
Industrial conglomerate Siemens AG (SI) Friday said it will appoint new members to the supervisory board of its lighting unit Osram once the business is publicly lis...
Siemens AG's (SI) Osram plans to break even in fiscal 2013 and expects revenue at the previous year's level, the lighting unit said at its capital markets day Friday...
China threatened on Thursday to retaliate if the European Union formally opens an investigation into alleged anti-competitive behavior by Chinese mobile telecom equi...
The first of Amtrak’s 70 high-tech new trains rolls off the assembly line – thanks in part to small businesses around the country.
The European Commission plans to send a formal warning to China that it is ready to levy sanctions against telecoms equipment makers Huawei and ZTE Corp over illegal...
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