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Stock Market & Financial Investment News

News Breaks
July 7, 2014
07:02 EDTSIEGYSiemens hits 10GW installed wind capacity milestone in the Americas
Siemens Energy has reached the significant milestone of 10 gigawatts of installed wind power capacity in the Americas. Siemens has installed more than 5,600 wind turbines in Canada, the USA and South America, including Peru, Chile and Brazil. This capacity is enough to supply clean, renewable power to approximately three million average households.
News For SIEGY From The Last 14 Days
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June 29, 2015
18:04 EDTSIEGYS&P announces changes to the S&P 400, 600 indices
S&P SmallCap 600 constituent Cracker Barrel Old Country Store (CBRL) will replace Dresser-Rand Group (DRC) in the S&P MidCap 400, and Marten Transport (MRTN) will replace Cracker Barrel Old Country Store in the S&P SmallCap 600 after the close of trading on Wednesday, July 1. Siemens AG (SIEGY) is acquiring Dresser-Rand Group in a deal expected to be completed soon.
06:39 EDTSIEGYEuropean Commission approves acquisition of Dresser-Rand by Siemens
The European Commission has approved under the EU Merger Regulation the proposed acquisition of rotating equipment manufacturer Dresser-Rand (DRC) of the U.S. by Siemens (SIEGY) of Germany. The Commission had concerns that regarding ADGT drivers, turbo compressors and turbo compressor trains driven by ADGTs the transaction would reduce the number of significant suppliers from 3 to 2. The initial investigation also indicated that the parties' competitors for the supply of small steam turbines of less than 5 MW have a limited presence and do not pose a significant competitive constraint on the parties. These two concerns could lead to less product variety and ultimately higher prices.After an in-depth investigation launched in February, the Commission has concluded that the transaction would not significantly impede effective competition in the European Economic Area or any substantial part of it.
June 22, 2015
07:10 EDTSIEGYSiemens to hold a summit
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