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Stock Market & Financial Investment News

News Breaks
December 20, 2013
10:40 EDTSISiemens receives order for H-class power plant in the U.S. valued at $400M
Siemens Energy announced that it has received an order from Panda Power Funds to supply two power plant units fitted with H-class gas turbines for the “Patriot” combined-cycle power plant in Clinton Township, Pennsylvania. This is the second project in Pennsylvania awarded by Panda Power Funds to Siemens. The first order was for the “Liberty” power plant which was announced in August. The total value of the contract, which includes a long-term maintenance and service contract, is approximately $400M.
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April 23, 2014
09:05 EDTSIFDA clears Siemens SOMATOM Force CT system
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April 22, 2014
06:24 EDTSISiemens, Beijing Automotive Industry form JV for electric cars, WSJ reports
Siemens and Beijing Automotive Industry Holding have formed a joint venture to make engines for hybrid and electric vehicles, reports the Wall Street Journal. The JV will begin small volume production of the electric drive trains this year with mass production starting in 2015 at a new facility in Beijing. Financial details of the transaction were not disclosed. Reference Link

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