Peter Loscher

Quarterly loss at Siemens widens to €2.4 billion

Siemens, the German industrial conglomerate, reported a huge quarterly loss Thursday as it wrote off the cost of shedding its troubled business-telecommunications unit and set aside money to resolve bribery charges. That...

Siemens upbeat despite gloom

German industrial conglomerate Siemens AG has posted a 46% increase in annual net profits despite the economic gloom. Siemens said its year-on-year profits climbed to 5.9bn euros ($7.4bn; £4.9bn), against 4bn euros last year....

Siemens sticks to target despite fourth-quarter loss

By Daniel Schäfer in Munich Siemens on Thursday reassured investors by reaffirming its profit goal for 2009, even as it reported a widely expected loss in the fourth quarter. The German company, Europe’s largest engineering...

High Siemens order backlog supports positive development into the future

13.11.2008 - 09:31 Uhr - Siemens looks to fiscal 2009 with confidence despite the weakening economic environment. The company's order backlog of roughly ¤85 billion is one of the key pillars for supporting positive business...

Siemens Moves Toward Pact

By DAVID CRAWFORD and MIKE ESTERL Siemens AG said it will set aside €1 billion ($1.3 billion) in estimated fines from U.S. and German authorities investigating alleged bribery at the German conglomerate. The disclosure by...

Chip companies go green with efficiency

The quest to better fuel efficiency for cars leads to hybrid drive and electric drive concepts. In order to implement these concepts, the vehicle's power supply system has undergo significant modifications. In parallel,...