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Stock Market & Financial Investment News

News Breaks
July 17, 2014
06:17 EDTSIEGY, DRCSiemens preparing bid for Dresser-Rand, Manager Magazin says
Siemens (SIEGY) is working with Lazard on a takeover bid for Dresser-Rand (DRC), Germany's Manager Magazin reports, citing sources close to Siemens. The German multinational would consider a hostile approach should Dresser-Rand rebuff its advances, the report adds. Shares Dresser-Rand, which manufactures a wide variety of products for use in the oil, gas, and process industries, closed yesterday up 12c to $60.42. The company has a market capitalization of $4.62B. Reference Link
News For DRC;SIEGY From The Last 14 Days
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January 29, 2015
10:22 EDTDRCHigh option volume stocks
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January 28, 2015
09:59 EDTSIEGYOn The Fly: Analyst Downgrade Summary
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05:24 EDTSIEGYSiemens downgraded to Underweight from Equal Weight at Barclays
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January 27, 2015
09:11 EDTSIEGYSiemens backs view for basic EPS to grow at least 15% in FY15
Siemens said: "We confirm our outlook. We believe that our business environment will be complex in fiscal 2015, among other things due to geopolitical tensions. We expect revenue on an organic basis to remain flat year-over-year, and orders to exceed revenue for a book-to-bill ratio above 1. Furthermore, we expect that gains from divestments will enable us to increase basic EPS from net income by at least 15% from EUR 6.37 in fiscal 2014. For our Industrial Business, we expect a profit margin of 10% to 11%. This outlook excludes impacts from legal and regulatory matters."
09:10 EDTSIEGYSiemens reports Q1 basic EPS EUR 1.30 vs. EUR 1.55 last year
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06:03 EDTDRC, SIEGYSiemens CEO says Dresser-Rand takeover 'makes sense,' Reuters reports
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January 26, 2015
07:56 EDTSIEGY, DRCSiemens to face shareholder pushback over oil equipment acquisition, WSJ says
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January 22, 2015
08:56 EDTSIEGYSiemens receives order for 48-MW Alexander wind project in Kansas
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