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Stock Market & Financial Investment News

News Breaks
June 20, 2014
06:36 EDTALSMY, SIEGYSiemens CEO says receptive to French stake in Alstom, Reuters says
Siemens (SIEGY) CEO Joe Kaeser said that the German firm and Mitsubishi Heavy Industries are receptive to the French government taking a stake in Alstom (ALSMY) if their joint offer for the company's power division is successful, according to Reuters, citing comments from Kaeser. Kaeser is scheduled to meet with French President Francois Hollande to talk about the revised Siemens-MHI bid. Reference Link
News For SIEGY;ALSMY From The Last 14 Days
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December 22, 2014
11:55 EDTALSMYAlstom to pay $772M to resolve U.S. bribery charges
The U.S. Department of Justice announced that Alstom pleaded guilty and agreed to pay a $772.29M fine to resolve charges related to a "widespread scheme involving tens of millions of dollars in bribes in countries around the world, including Indonesia, Saudi Arabia, Egypt and the Bahamas." Reference Link
December 16, 2014
10:59 EDTALSMYAlstom could pay nearly $700M in bribery settlement, WSJ reports
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December 9, 2014
06:52 EDTSIEGYSiemens CEO says won't spend aggressively on M&A, Reuters reports
Siemens CEO Joe Kaeser stated that the company will not spend its money too aggressively in M&A and instead focus on organic growth, fix underperforming units, and looks to increase R&D spending, reports Reuters, citing Kaeser. Reference Link

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