International Business News - SI http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Serco Group PLC of Britain on Wednesday said it has agreed to buy SI International Inc., a U.S. federal contractor, for $423 million. The offer of $32 per share in cash is a 40 percent premium to SI's Tuesday closing share price $22.89. In Wednesday morning trading, the shares were up $8.11, or 35 percent, to $31. http://www.ibtimes.com/articles/20080827/serco-to-buy-si-international-for-423m.htm Wed, 27 Aug 2008 09:51:35 EDT A new European equities trading platform backed by a group of investment banking heavyweights began operating on Friday, piling further pressure on the London Stock Exchange PLC and other traditional European bourses. http://www.ibtimes.com/articles/20080815/new-european-equities-platform-begins-trading.htm Fri, 15 Aug 2008 11:12:39 EDT Harman International Industries Inc. reports earnings for the fourth-quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20080813/earnings-preview-harman-international-industries.htm Wed, 13 Aug 2008 16:26:46 EDT Siemens AG is close to leaving its long-running computer joint venture with Fujitsu Ltd., The Wall Street Journal reported Wednesday. The newspaper, citing people familiar with the matter, said that Munich-based Siemens had informed Fujitsu that it wanted out of the 9-year-old venture, Fujitsu Siemens Computers, or FSC. Neither company would comment on the future of the arrangement. http://www.ibtimes.com/articles/20080806/siemens-could-be-close-to-exiting-fujitsu-venture.htm Wed, 06 Aug 2008 13:22:25 EDT Changshu Zhongjiang Import-Export Co., a clothing exporter in Suzhou, west of Shanghai, is accustomed to double-digit annual revenue growth. This year, with its key U.S. export market limping, sales have fallen an alarming 10 percent. http://www.ibtimes.com/data/articleimgs/104050-china-slowdown-worries.jpg http://www.ibtimes.com/articles/20080806/chinas-booming-economy-shows-signs-of-weakening.htm http://www.ibtimes.com/articles/20080806/chinas-booming-economy-shows-signs-of-weakening.htm Wed, 06 Aug 2008 11:21:55 EDT Industrial conglomerate Siemens AG has sold an 80.2 percent stake in its cordless phone unit to fellow German firm ARQUES Industries AG, both companies said Friday. http://www.ibtimes.com/articles/20080801/siemens-sells-majority-of-its-cordless-phone-unit.htm Fri, 01 Aug 2008 07:52:45 EDT Industrial conglomerate Siemens AG said Wednesday that its third-quarter profit fell 31 percent from the same period a year ago, but was buoyed by better orders for power plants. http://www.ibtimes.com/data/articleimgs/100459-germany-siemens-scandal.jpg http://www.ibtimes.com/articles/20080730/siemens-sees-third-quarter-profit-slip-31-percent.htm http://www.ibtimes.com/articles/20080730/siemens-sees-third-quarter-profit-slip-31-percent.htm Wed, 30 Jul 2008 13:24:36 EDT Americans look for ray of hope in economic gloom NEW YORK (AP)--A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. http://www.ibtimes.com/articles/20080729/business-highlights.htm Tue, 29 Jul 2008 19:13:50 EDT Industrial conglomerate Siemens AG is forming a joint venture with U.S.-based private investor the Gores Group involving business software and services, Siemens said Tuesday., http://www.ibtimes.com/articles/20080729/siemens-private-investor-in-joint-venture.htm Tue, 29 Jul 2008 12:49:55 EDT SI International Inc., an information technology and network solutions provider, on Tuesday projected earnings for the remainder of the year that fall below analysts expectations, sending shares sharply lower in morning trading. http://www.ibtimes.com/articles/20080729/si-international-2008-projections-below-analysts.htm Tue, 29 Jul 2008 11:19:37 EDT SI International Inc., an information technology and network services provider, said Tuesday its second-quarter earnings fell 24 percent as rising costs outpaced revenue growth. http://www.ibtimes.com/articles/20080729/si-intl-2q-profit-falls-but-meets-estimate.htm Tue, 29 Jul 2008 10:27:50 EDT SI International Inc., an information technology and network services provider, said Tuesday it terminated its agreement to acquire Arrowpoint Corp. SI International said just two weeks ago that it would purchase the information technology government contractor for $16 million in cash. http://www.ibtimes.com/articles/20080729/si-international-cancels-deal-to-buy-arrowpoint.htm Tue, 29 Jul 2008 10:26:07 EDT Siemens AG said Tuesday it plans to sue two former CEOs and nine other ex-executives for alleged supervisory failings in a corruption scandal that has cost the company millions in fines and damaged its reputation. http://www.ibtimes.com/articles/20080729/siemens-seeks-damages-from-ex-executives.htm Tue, 29 Jul 2008 18:00:39 EDT A former Siemens AG manager was sentenced to two years' probation and fined 108,000 euros ($170,000) on Monday for his role in a corruption scandal at the industrial conglomerate. http://www.ibtimes.com/articles/20080728/ex-siemens-man-convicted-of-corruption.htm Mon, 28 Jul 2008 13:46:44 EDT Prosecutors sought a two-year suspended sentence and a fine Thursday for a former Siemens AG manager over a corruption scandal at the industrial conglomerate. http://www.ibtimes.com/articles/20080724/punishment-sought-for-ex-siemens-manager.htm Thu, 24 Jul 2008 08:40:33 EDT Union IG Metall said Tuesday it had agreed with Siemens AG and the company's works council on some of the ground rules for talks surrounding the conglomerate's planned restructuring in Germany. http://www.ibtimes.com/articles/20080722/siemens-union-agree-on-some-restructuring-points.htm Tue, 22 Jul 2008 12:04:16 EDT Shares of Nokia Corp. jumped Thursday after the world's No. 1 cell phone maker reported second-quarter report above expectations, and the company slightly increased its guidance for overall handset market growth in 2008. http://www.ibtimes.com/articles/20080717/last-call-nokia-climbs-as-2q-report-tops-views.htm Thu, 17 Jul 2008 19:18:24 EDT Siemens AG said Thursday it won a $120 million order from Brazilian oil and gas company Petrobras to supply 10 compressors for oil refineries. The Munich-based industrial conglomerate said the large compressors will be installed in desulfurization units at eight refineries in Brazil. They will be delivered starting late next year. http://www.ibtimes.com/articles/20080717/siemens-wins-120-million-petrobras-order.htm Thu, 17 Jul 2008 06:54:25 EDT Nokia Corp., the world's top cell phone maker, reported better-than expected results for the second quarter Thursday and upgraded its forecast for the global handset market. Its shares jumped 8 percent. http://www.ibtimes.com/articles/20080717/nokias-2q-profits-drop-61-percent.htm Thu, 17 Jul 2008 13:46:03 EDT Business software and computer network developer SI International Inc. said Wednesday it plans to acquire information technology government contractor Arrowpoint Corp. for $16 million in cash. http://www.ibtimes.com/articles/20080716/si-international-to-buy-arrowpoint-for-16m-cash.htm Wed, 16 Jul 2008 18:49:08 EDT