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Stock Market & Financial Investment News

News Breaks
July 16, 2014
08:02 EDTSIEGYSiemens expands strategic partnership with Penn State
Siemens strengthened its 25-year relationship with The Pennsylvania State University by announcing a major in-kind grant of product lifecycle management software with a commercial value of $750M to enhance academic and research programs. Students at Penn State will now have access to the same Siemens PLM software used throughout the global manufacturing industry to design, develop and manufacture some of the world’s most sophisticated products in a variety of industries, including automotive, aerospace, medical devices, machinery, shipbuilding, and high-tech electronics.
News For SIEGY From The Last 14 Days
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October 30, 2014
14:01 EDTSIEGYSiemens signs long term service and maintenance agreement with MidAmerican
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06:29 EDTSIEGYDHS says spies targeted control systems made by Siemens, GE, WSJ reports
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October 29, 2014
13:52 EDTSIEGYSiemens may pick buyer for hearing aid unit next week, WSJ reports
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October 27, 2014
07:30 EDTSIEGYInternational Economic Forum of the Americas to hold a forum
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06:22 EDTSIEGYSiemens consortium updates claimed amount in ICC arbitration
Teollisuuden Voima Oyj procured Olkiluoto 3 as a fixed-price turnkey project from the plant supplier AREVA-Siemens consortium. Both parties to the dispute have updated their estimates of costs and losses caused by the delay to the OL3 nuclear power plant project as part of their recent submissions in the International Chamber of Commerce arbitration proceedings. The updated quantification which the plant supplier submitted on October 23 brings the total amount claimed by the supplier for events occurring during the construction period ending June 2011 to approximately EUR 3.5B. Among other things, this sum includes over EUR 1.3B in respect of penalty interest and payments allegedly delayed by TVO under the plant contract, as well as approximately EUR 150M of alleged lost profit. TVO has previously considered the claims upon which the amounts demanded are based, and found them to be without merit. TVO will scrutinize the new material which has been submitted, and respond to it in due course. The arbitration proceedings may continue for several years, and the amounts claimed may be updated again. TVO has not recorded any receivables or provisions on the basis of the claims presented in the arbitration proceedings. Reference Link
October 22, 2014
08:39 EDTSIEGYSiemens sees catching up with rivals on sales growth in 2018, Reuters reports
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October 21, 2014
10:30 EDTSIEGYSiemens discussing sale of hearing-aid unit for over $2.6B, Bloomberg says
Siemens, which had planned to sell shares in its hearing-aids division on the stock market, is now in advanced talks to sell the unit for more $2.6B, with private-equity firm EQT Partners seen as the frontrunner but other firms and companies also showing interest, according to Bloomberg, citing people familiar with the matter. Reference Link
10:03 EDTSIEGYSiemens discussing sale of hearing-aid unit for near $2.6B, Bloomberg says
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October 17, 2014
06:23 EDTSIEGYRolls-Royce sees sale of gas turbine, compressor unit to Siemens by year end
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