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Stock Market & Financial Investment News

News Breaks
July 17, 2014
06:17 EDTDRC, SIEGYSiemens 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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March 27, 2015
12:19 EDTSIEGY, DRCDresser-Rand volatility elevated on European Commission antitrust investigations
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March 26, 2015
10:30 EDTDRCOptions with decreasing implied volatility
Options with decreasing implied volatility: ASPS WLL WBAI CTRP FIVE LINE DRC RHT LULU APOL
March 25, 2015
10:48 EDTDRC, SIEGYEU suspends Siemens-Dresser-Rand deal investigation, Reuters reports
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March 23, 2015
12:01 EDTSIEGYSiemens expands UI LABS partnership with CityWorks
Siemens announced it is expanding its partnership with Chicago’s UI LABS with the formation of CityWorks, a consortium that will develop and test urban infrastructure solutions to help transform cities across the globe. In collaboration with the city of Chicago, local academic institutions, and civic partners, CityWorks will address infrastructure challenges in four key areas: energy management, physical infrastructure, water and sanitation systems, and transportation and logistics systems.
08:01 EDTSIEGYBofA/Merrill industrials/EU autos analysts hold analyst/industry conference call
Analysts provide a discussion of the key takeaways from the recently held Global Industrials & European Autos Conference on an Analyst/Industry conference call. to be held on March 23 at 10 am.
March 19, 2015
11:08 EDTDRCDresser-Rand drops 2% after German magazine highlights integration issues
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11:07 EDTSIEGY, DRCDresser-Rand, Siemens integration not smooth, Manager Magazin says
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06:10 EDTSIEGYPhilips planning to spin off lighting business in IPO in 1H16, WSJ reports
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March 16, 2015
06:50 EDTSIEGYSiemens settles dispute with Pemex, Reuters says
Siemens and Pemex settled their dispute regarding Conproca. The terms of the resolution state that Siemens will place funds received from Conproca in a trust to fund Mexican energy projects, reports Reuters. Reference Link
March 15, 2015
17:03 EDTSIEGYSiemens and Egypt in agreements to increase power generation capacity
Siemens and the Egyptian government have reached firm agreements today to build a 4.4 GW combined-cycle power plant and install wind power capacity of 2 GW. Siemens will build a factory in Egypt to manufacture rotor blades for wind turbines, creating up to 1,000 jobs and therefore nearly trebling Siemens' footprint in the country. Including two further Memorandums of Understanding, MoU, which were signed at the event, Egypt's power generation capacity will be massively increased by up to one third mostly by 2020. Under the agreements, Siemens will propose to build additional combined cycle power plants with a capacity of up to 6.6 GW and ten substations for reliable power supply. The agreements were signed at the Egypt Economic Development Conference in Sharm el-Sheikh in the presence of Egypt's Minister of Electricity Shaker al Markabi, Germany's Vice Chancellor Sigmar Gabriel, and Joe Kaeser, President and CEO of Siemens AG. Reference Link

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