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Wednesday, April 7, 2010 as of 11:14 AM ET

Siemens

Siemens

Siemens AG () is a German multinational conglomerate company headquartered in Munich, Germany. It is the largest Europe-based electronics and electrical engineering company.

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IPO WATCH: Evonik, Georgian Railway Show Twin-Track Europe

Evonik Industries AG's decision to press ahead with a Frankfurt listing as Georgian Railway pulls a planned London float highlights Europe's increasingly divided equity capital markets landscape, with the relative strength of German companies and the benchmark DAX index at odds with volatility and gloom elsewhere in Europe.

Specialty chemicals maker Evonik said Friday that it would launch what could be Germany's biggest IPO since 2000, raising up to EUR4.5 billion. By contrast, Georgian Railway, the state rail monopoly for the former Soviet state, Thursday said it had postponed a London listing of global depositary receipts set to raise up to $250 million."This relates to Germany as an economy and a destination for investor sentiment," said Martin Steinbach, IPO leader at Ernst & Young for Europe, the Middle East, India and Africa. "Investors are showing their confidence in the underlying economy."The twin moves highlight that German companies preparing to list in Germany are likely to ...

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  1. Deutsche Bahn Seeks Compensation From Siemens For Delivery Delay-Report

    German railways company Deutsche Bahn AG seeks EUR45 million to EUR50 million compensation from Siemens AG (SI) for the late delivery of 16 ICE-3 trains, Bild am Son...

  2. Siemens Wins Power Plant Order In German City Of Duesseldorf

    Siemens AG (SI) was picked by Stadtwerke Duesseldorf, a municipal utility based in the western German city of Duesseldorf, to build a gas- and steam-fired power plan...

  3. Vale, Barrick Gold Corporation Among Stocks falling to Annual Lows Tuesday

    These nine stocks fell to 52-week lows:While trading on above-average volume, Vale (NYSE:VALE) declined today, hitting and then dropping past its previous 52-week lo...

  4. Siemens May Distribute Osram Stock To Shareholders - Report

    Siemens AG (SIE.XE) may distribute Osram AG stock to its own shareholders as a dividend in kind, rather than selling shares in the lighting unit in an initial public...

  5. Henkel Joins Some European Peers In Lauding US Recovery

    Henkel AG & Co. KGaA (HEN.XE), maker of laundry detergents, beauty products and consumer and industrial glues, Wednesday said it was experiencing a recovery in the U...

  6. NSN Enters WiFi System Reseller Deal With Ruckus Wireless

    Nokia Siemens Network, the wireless network joint venture of Nokia Corp. (NOK) and Siemens AG (SI), Wednesday said it has entered into a reseller agreement with U.S....

  7. Siemens To Build $160 Million Gas Turbine Plant In Saudi Arabia

    Of ZAWYA DOW JONESDAMMAM, Saudi Arabia (Zawya Dow Jones)--German engineering conglomerate Siemens AG (SIE.XE) is building a 600 million Saudi riyals ($160 million) g...

  8. Siemens Executive Wants Low-Cost Strategy For Wind Plants - Report

    German engineering conglomerate Siemens AG (SIE.XE) plans to use common platform and production strategies and the introduction of components to lower costs in the w...

  9. ADR Report: Shares Lower As Price Of Oil Tumbles

    International companies trading in New York closed lower Friday, in line with the broader market, following a weaker-than-expected reading on U.S. employment in Apri...

  10. Italian Union Protests 580 Planned Layoffs By Nokia Siemens Unit

    An Italian labor union leader Friday protested 580 planned layoffs by Nokia Siemens Network Italia."We will fight this every way we can," Sergio Bellavita, a senior ...

  11. Nokia Defends Strategy to Exasperated Investors

    Nokia's chairman-designate Risto Siilasmaa defended its turnaround strategy on Thursday before meeting shareholders who are losing patience with the company's effort...

  12. Germany's Merkel Seeks More Effort In Offshore Wind Parks At Meeting

    German Chancellor Angela Merkel will push energy companies to make more effort in the offshore wind farm sector when she discusses power generation issues with key i...

  1. Siemens To Cut 490 Jobs In German Transformer Plants-Spokesman

    Siemens AG (SI) will slash 490 jobs at German transformer factories by the end of 2014 due to falling prices and overcapacity, Siemens energy spokesman Torsten Wolf ...

  2. Germany's Siemens Targets Role In Brazil High-Speed Rail Plan

    German industrial conglomerate Siemens AG (SI, SIE.XE) is interested in participating in a tender auction to build a high-speed rail link between Rio de Janeiro and ...

  3. Siemens Brasil CEO: Foreign Exchange Volatility Causes Short-Term Impact

    Recent volatility in foreign-exchange rates has generated a short-term impact on business, but will not affect the long term plans of Germany's Siemens AG (SI).Sieme...

  4. Siemens Could Boost Brazil Investments If High-Speed Rail Built

    Germany's Siemens AG (SI, SIE.XE) could increase its Brazil investments if the country moves forward with a controversial high-speed train project."We believe in hig...

  5. Siemens To Invest Up To $1 Billion In Brazil Over Next 5 Years

    Industrial conglomerate Siemens (SI) Wednesday said it plans to invest a total of up to $1 billion over the next five years to expand its business in Brazil.MAIN FAC...

  6. Germany's Siemens To Invest Up To $1 Billion In Brazil By 2017

    German industrial conglomerate Siemens AG (SI) will invest up to $1 billion in Brazil over the next five years, the company said Wednesday.The investments through 20...

  7. Siemens Sees German Sales Growth Slowing In Second Half Year

    Industrial conglomerate Siemens AG (SI) said Wednesday it expects domestic sales to grow at a slower rate in the second half of its fiscal year than the first half.D...

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