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By Pierre Bertrand Siemens said late on Wednesday that it has transferred 6.8% of its stake in Siemens Energy to the Siemens pension trust. The transfer to...
By Mauro Orru Siemens set out plans to invest 2 billion euros ($2.17 billion) to boost manufacturing capacity this year, pledging to develop a high-tech...
Germany’s industrial machine, diminished or not, still offers attractive names like Siemens, SAP, and Deutsche Telekom.
Potential beneficiaries of a move to expand tech production stretch from Mexico to Poland, Malaysia and Vietnam.
Siemens Energy stock tumbled on Friday, after General Electric sued the German company over the alleged theft of trade secrets it claims were used to win contracts worth billions of dollars. Shares in the company, a spinoff of Siemens that listed in September last year, were 6.3% lower in early trading. Despite the fall, the stock has still risen 44% since its listing. The lawsuit, filed with a U.S. District Court in Virginia on Thursday, alleges that Siemens Energy obtained the U.S. giant’s trade secrets when both companies were competing over a gas turbine contract...