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Industrial Info Resources: Iraq Signs $8 Billion Deals With Siemens and GE for 10,000 Megawatts of Power Generation Capacity, an Industrial Info News Alert

BANGALORE, INDIA (MARKET WIRE) Researched by Industrial Info Resources (Sugar Land, Texas) -- Iraq recently entered into several preliminary agreements worth $7 billion to $8 billion with General Electric Company (NYSE: GE) (GE) (Fairfield, Connecticut), Siemens AG (Munich, Germany), and an undisclosed third company to procure equipment to double its power generation. The three agreements will enable...

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James O'Neill Appointed CEO of Siemens Enterprise Communications

MUNICH, Germany, Oct. 1 /PRNewswire/ -- Siemens Enterprise Communications, a newly-created joint venture between The Gores Group, a U.S.-based private equity firm, and Siemens AG, announced today the appointment of James R. O'Neill, a 30-year ...

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The Gores Group and Siemens AG Complete Transaction Creating Joint Venture

Siemens AG and The Gores Group, a U.S.-based private equity firm both known for their operating expertise, have completed a joint venture transaction in which Gores acquired a 51 percent stake in Siemens Enterprise Communications.

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UPDATE 1-Siemens revamp to cost around 3 billion euros

FRANKFURT, Sept 30 (Reuters) - Siemens AG expects restructuring costs of around 3 billion euros ($4.30 billion), mostly to be booked in its fiscal fourth quarter that ends on Tuesday, it said in a statement.

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Iraq Signs Electricity Deals With GE, Siemens

An Iraqi official says the country has signed preliminary deals with General Electric Co. and Siemens AG for boosting the country's electricity generation.

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EU clears Siemens sale of phone unit SHC to Arques

BRUSSELS, Sept 25 (Reuters) - German investment group Arques Industries AG won permission from European Union competition authorities on Thursday to acquire Siemens AG's cordless phone unit SHC.

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Trade Alerts on Recent Analyst Upgrade Notables: ANDS, UMC, NTRS, SI, TTWO, APC

(EMAILWIRE.COM, September 25, 2008 ) DALLAS, Texas - Today's Trade Alerts include: Anadys Pharmaceuticals Inc. (Nasdaq: ANDS), United Microelectronics Corp. (NYSE: UMC), Northern Trust Corp. (Nasdaq: NTRS), Siemens AG (NYSE: SI), Take-Two Interactive Software Inc. (Nasdaq: TTWO) and Anadarko Petroleum...

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Ex-Siemens manager on trial

A former top executive at Siemens AG went on trial Wednesday on charges of breach of trust and tax evasion and he testified that the company gave financial support to an upstart labor organization. Johannes Feldmayer was the first former management board member to appear in the dock over a series of corruption scandals that have rocked the Munich-based industrial conglomerate. Prosecutors say Feldmayer...

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Siemens, Fujitsu in talks over JV buyout: sources

MUNICH/TOKYO (Reuters) - Fujitsu Ltd is in talks with its partner Siemens AG about buying the German company's stake in Fujitsu Siemens Computer (FSC) but is not willing to pay the price Siemens is asking, sources close to the matter said.

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EU approves Siemens Enterprise/Gores deal

BRUSSELS, Sept 19 (Reuters) - U.S. private equity investment company Gores Group won permission from the EU competition regulator on Friday to buy communications products company Siemens Enterprise Communications from Siemens AG .

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Industrial Info Resources: Tessenderlo, Advanced Power and Siemens to Build 422-Megawatt Combined-Cycle Plant in Belgium, an Industrial Info News Alert

CORDOBA, ARGENTINA (MARKET WIRE) Researched by Industrial Info Resources (Sugar Land, Texas) -- Tessenderlo Chemie NV/SA (EBR: TESB) (Brussels, Belgium), Advanced Power AG (Zugerberg, Switzerland) and Siemens Project Ventures GmbH (Erlangen, Germany), a subsidiary of Siemens AG (Munich, Germany), will begin construction of a 422-megawatt (MW) combined-cycle power plant on the site of Tessenderlo Chemie...

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Nokia Siemens appoints new CFO, head of strategy

LONDON (MarketWatch) -- Nokia Siemens Networks, the telecommunications-equipment joint venture of Nokia Corp. and Siemens AG , appointed Luca Maestri as its new chief financial officer, replacing Eric Simonsen. Maestri, who is currently the CFO of General Motors Europe, will join NSN on Oct. 1 and assume the role of CFO on Nov.1. Simonsen will start his retirement in December. NSN also appointed a...

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Siemens, E.ON sign wind power deal (SI; EOAN.F)

From the International Herald Tribune: Conglomerate Siemens AG said Tuesday that it struck a deal with German utility E.ON AG to build 500 wind turbines for planned projects in Europe and the United States. In a joint statement, the companies said that Siemens Energy, a unit of Munich-based Siemens, would supply 500 wind turbines with the capacity of 1,150 megawatts for projects on both continents...

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Siemens latest to sign on in Plainfield

PLAINFIELD, Ind. -- The national economy may be soft, but real estate developers point to the newest lease of a distribution center for global corporation Siemens AG as evidence that the industrial market is still solid in Plainfield.

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German workers push for biggest wage rise in years

GERMANY'S IG Metall labour union, representing 3.2 million workers, will demand the biggest pay increase in at least 16 years for workers at companies such as ThyssenKrupp AG and Siemens AG next year.