|Bid||0.00 x 44200|
|Ask||0.00 x 100000|
|Day's range||115.30 - 118.55|
|52-week range||99.38 - 133.50|
|PE ratio (TTM)||16.16|
|Earnings date||9 Nov 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||N/A|
Siemens (SIEGn.DE) may cut thousands of jobs as part of plans to overhaul its power turbine business, where growth in renewable energy is dampening demand for new coal and gas power stations, a person familiar with the matter said. "Various scenarios are being considered," the source said, adding that details of the changes at the Power & Gas division were still to be decided. German monthly Manager Magazin earlier cited company sources as saying that Siemens could shut or sell up to 11 of its 23 Power & Gas sites around the world, which could include plants in the eastern German cities of Erfurt and Goerlitz.
FRANKFURT (Reuters) - Siemens (SIEGn.DE) is planning restructuring at its Process Industries business as well as at Power & Gas, news agency Bloomberg reported on Thursday, citing sources. It said job ...
Siemens AG is starting what could be its largest round of job cuts in at least two years and may close several sites as part of a reorganization plan, people familiar with the matter said.
LONDON, Oct (Shenzhen: 000069.SZ - news) 12 (Reuters) - If the 40-year wave of globalization is now giving way to a rising tide of protectionism, the outlook for national and regional champions is brightening. Early signs of these trends may already be starting to emerge as the de-globalization drift deepens, with the Trump administration's "America First" world view sowing doubt over how global trade will evolve in the years and decades ahead. In that time he has withdrawn the United States from the Trans-Pacific Partnership (TPP), threatened to withdraw from the North American Free Trade Agreement (NAFTA) and chided Germany for its huge trade surplus.
BERLIN/PARIS, Oct (Shenzhen: 000069.SZ - news) 11 (Reuters) - European countries are scrambling to cobble together a package of measures they hope will keep the Iran nuclear deal on track if U.S. President Donald Trump ignores their pleas and decertifies the landmark 2015 agreement this week. The package would include a strong statement backing the deal by European powers, together with efforts to lobby the U.S. Congress and put wider pressure on Iran, officials said.
United Technologies Corp. has hired Judy Marks, chief executive of Siemens AG’s U.S. unit, to lead its Otis elevator and escalator manufacturing business.
Russian President Vladimir Putin will meet a representative of Siemens along with businessmen from other German firms on Thursday, Kremlin aide Yuri Ushakov said on Monday, Russian news agencies reported. Siemens said earlier this year it was reviewing aspects of its dealings with Russia after four of its power-generating turbines were delivered to Crimea, which is subject to European sanctions on technology supplies after Russia annexed the area. "This meeting is being arranged on the initiative of the Eastern Committee of the German Economy," Ushakov told a news briefing with reporters, the TASS news agency said.
BERLIN, Oct (Shenzhen: 000069.SZ - news) 5 (Reuters) - German firms active in Britain should make provisions now for a "very hard Brexit", Germany's biggest industry group said on Thursday, because the government in London does not know what it wants. The Federation of German Industries (BDI) said British Prime Minister Theresa May's government lacked a clear strategy on how to exit the European Union following last year's referendum.
German engineering firm Siemens (SIEGn.DE) has sold its remaining 17 percent stake in Osram Licht (OSRn.DE) for 1.2 billion euros (1.06 billion pounds) to institutional investors, severing links with the lighting group. Osram, listed by Siemens in July 2013, clashed last year with its biggest shareholder and former parent company over its new strategy of expanding in the general LED lighting market. Siemens said in a statement on Wednesday that net proceeds from the sale will be used for general corporate purposes, adding it would retain a small number of Osram shares to service a Siemens bond plus warrant issue due in 2019.
Siemens AG’s complete withdrawal from the lighting industry further scales back the once sprawling German conglomerate, as Chief Executive Officer Joe Kaeser offloads assets from trains to medical scanners ...
Under the terms of the deal, which has yet to be signed, Siemens will provide 330 double deck electric units, Israel Railways said in a statement to the Tel Aviv stock exchange
MONTREAL/BELFAST, Sept 27 (Reuters) - Stiff U.S. duties imposed on Bombardier Inc (Toronto: BBD-A.TO - news) 's CSeries jet sparked retaliation threats from Britain and Canada's Quebec province on Wednesday as the dispute, which may affect thousands of jobs, overshadowed North American trade talks. The U.S. Commerce Department on Tuesday slapped preliminary anti-subsidy duties of 220 percent on the jets, which could effectively shut Bombardier out of the U.S. market if upheld, after rival Boeing Co launched a trade challenge accusing Canada of unfairly subsidizing the aircraft.
Banks led European stocks to a 10-week high on Wednesday as a tax overhaul plan backed by President Donald Trump fuelled hope in a revival of the "Trumpflation" trade, a bet on rising rates, ...
Britain and the Canadian province of Quebec reacted with outrage on Wednesday to stiff U.S. tariffs imposed on Bombardier Inc (Toronto: BBD-A.TO - news) 's CSeries jet and raised the prospect of retaliation as the company's shares and bond prices fell. The U.S. Commerce Department on Tuesday slapped preliminary anti-subsidy duties on the jets after rival Boeing Co (NYSE: BA - news) launched a trade challenge accusing Canada of unfairly subsidizing the aircraft. Bombardier shares fell 14 percent at the open in Toronto before regaining ground to trade down 6.6 percent at midday.
Europe's main benchmarks climbed to a new ten-week high on Wednesday as deals remained front and centre, while a weaker euro also supported indexes which had dipped this summer as the strong currency dented ...
MONTREAL/NEW YORK, Sept 26 (Reuters) - The U.S. Commerce Department on Tuesday slapped preliminary anti-subsidy duties on Bombardier Inc (Toronto: BBD-A.TO - news) 's CSeries jets after rival Boeing Co (NYSE: BA - news) accused Canada of unfairly subsidizing the aircraft, a move likely to strain trade relations between the neighbors. The department said it imposed a steep 219.63 percent countervailing duty on Bombardier's new commercial jets after it made a preliminary finding of subsidization.
German industrial giant Siemens and French train-maker Alstom are in talks to create a European rail transportation powerhouse to better rival strong competition from China.
A group of energy firms has backed a disputed plan by EU regulators to attach emissions limits to subsidies for providing back-up power capacity to avert blackouts. The proposal by the European Commission, which would set a cap of 550 grammes of carbon dioxide per kilowatt-hour for new power stations, ruling out less-efficient coal and gas-fired plants, has been fiercely contested by Poland and some other EU member states. It is part of a draft reform of Europe's electricity market that calls for stricter rules on capacity mechanisms used in countries such as Britain and France to fund power generation that may not be cost-effective or as clean as renewable energy but is needed to guarantee supply during periods of peak demand.
Siemens insists it was not aware that the turbines would be diverted and says the Russian company breached contract conditions by sending them to Crimea
Innogy, Germany's largest energy group, has no need of a strategic partner to help expand its business, its chief executive said on Friday, adding there was no prospect of a large deal involving the company. Innogy, focused on networks, renewables and retail, was split from RWE (IOB: 0FUZ.IL - news) last year in Germany's largest stock market flotation since 2000, giving investors direct access to faster growing businesses as opposed to RWE's legacy power plant and volatile energy trading operations.