International Business News - Siemens 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 Fujitsu Siemens Computers said Friday it wants to cut around 700 jobs in Germany as the economic downturn deepens. FSC, a joint venture between Fujitsu and Siemens, makes personal computers and laptops and currently employs about 6,000 people at 10 locations in Germany. http://www.ibtimes.com/articles/20081128/fujitsu-siemens-plans-700-german-job-cuts.htm Fri, 28 Nov 2008 06:56:14 EST Industrial conglomerate Siemens AG said Thursday it has signed a euro200 million ($258 million) deal to supply two electric transformer substations to the Dubai Electricity and Water Authority. http://www.ibtimes.com/articles/20081127/siemens-signs-euro200m-dubai-transformer-deal.htm Thu, 27 Nov 2008 05:19:39 EST Siemens AG, Germany's largest industrial and electronics company, said late Tuesday it reached a deal with administrators in the case of BenQ Mobile's insolvency settlement. http://www.ibtimes.com/articles/20081125/siemens-reaches-insolvency-deal-with-benq-mobile.htm Tue, 25 Nov 2008 13:24:00 EST A state court convicted a former Siemens AG executive and former independent labor leader Monday for involvement in a euro30.3 million ($38 million) scheme to manipulate union influence over Germany's largest industrial company. http://www.ibtimes.com/articles/20081124/siemens-feldmayer-to-get-2-years-probation-fine.htm Mon, 24 Nov 2008 19:49:24 EST Two Siemens AG employees were convicted Wednesday of involvement in a corruption scandal at the industrial conglomerate and sentenced to probation and fines. http://www.ibtimes.com/articles/20081119/2-former-siemens-managers-convicted.htm Wed, 19 Nov 2008 12:03:48 EST Industrial conglomerate Siemens AG on Thursday reported a net loss of 2.4 billion euros ($3 billion) for its fiscal fourth quarter, weighed down by large one-time charges that included money set aside for costs related to a bribery investigation. http://www.ibtimes.com/articles/20081113/siemens-posts-2-4-billion-euro-loss-in-4th-quarter.htm Thu, 13 Nov 2008 13:37:20 EST Nokia Siemens Networks Tuesday said it will lay off 1,250 employees in Finland and Germany as part of a previously announced cost-cutting plan. The company said the job cuts will affect 750 employees in the Finish cities Espoo, Tampere and Oulu, as well as 500 staff at the Hofmannstrasse office in Munich, Germany. http://www.ibtimes.com/articles/20081111/nokia-siemens-cuts-1-250-jobs-in-finland-germany.htm Tue, 11 Nov 2008 12:47:53 EST Industrial conglomerate Siemens AG said Wednesday it would set aside approximately 1 billion euros ($1.3 billion) to be booked in the last quarter of its 2008 fiscal year for any settlements related to ongoing corruption investigations at the company. http://www.ibtimes.com/articles/20081105/siemens-makes-1b-euro-provision-for-settlements.htm Wed, 05 Nov 2008 12:48:12 EST Japanese electronics maker Fujitsu Ltd. is acquiring Siemens AG's 50 percent share in the companies' joint venture Fujitsu Siemens Computers for 450 million euros ($580 million), both sides said Tuesday. http://www.ibtimes.com/articles/20081104/fujitsu-buying-siemens-stake-in-50-50-venture.htm Tue, 04 Nov 2008 06:46:46 EST Industrial conglomerate Siemens AG will sell its 50 percent stake in Fujitsu Siemens Computers to partner Fujitsu for 450 million euros ($567 million), the companies said in a statement Tuesday. http://www.ibtimes.com/articles/20081104/fujitsu-to-buy-stake-of-fujitsu-siemens-computers.htm Tue, 04 Nov 2008 02:55:08 EST Industrial conglomerate Siemens AG is poised to sell its 50-percent stake in the joint venture Fujitsu Siemens Computers to Japan's Fujitsu Group, two people familiar with the deal told The Associated Press on Monday. http://www.ibtimes.com/articles/20081103/sources-fujitsu-to-buy-siemens-stake-in-pc-maker.htm Mon, 03 Nov 2008 13:12:28 EST Industrial union IG Metall has asked Siemens AG to reveal its plans for its share of a 50-50 joint venture in Fujitsu-Siemens Computers. "This uncertainty has to finally have an end," said Juergen Kerner, the chief of IG Metall in Augsburg, where the computer unit has some of its German operations. http://www.ibtimes.com/articles/20081017/ig-metall-asks-siemens-to-disclose-fujitsu-plans.htm Fri, 17 Oct 2008 12:56:20 EDT Former Siemens AG chief Heinrich von Pierer will give up his supervisory board seat at Germany's largest steelmaker, ThyssenKrupp AG. Thyssen said Wednesday Von Pierer informed the company that he would leave the post Nov. 15, without providing more details. http://www.ibtimes.com/articles/20081015/siemens-von-pierer-to-leave-thyssenkrupp-board.htm Wed, 15 Oct 2008 11:15:51 EDT Industrial conglomerate Siemens AG and energy company E.On AG said Wednesday they will work together to build a wind farm off the Danish coast. In a joint statement, E.On said it had placed an order with Siemens Energy for the supply of 90 wind turbines, valued at euro275 million ($374 million), for the Rodsand II project off Lolland, an island in the Baltic Sea. http://www.ibtimes.com/articles/20081008/siemens-and-e-on-to-build-danish-offshore-windfarm.htm Wed, 08 Oct 2008 12:27:54 EDT A lawyer for the former head of an upstart German labor organization on Tuesday rejected allegations of wrongdoing over payments he received from Siemens AG. http://www.ibtimes.com/articles/20080930/ex-union-boss-rejects-siemens-charges.htm Tue, 30 Sep 2008 10:54:59 EDT A former top executive at Siemens AG went on trial Wednesday on charges of breach of trust and tax evasion and he testified that the company gave financial support to an upstart labor organization. http://www.ibtimes.com/articles/20080924/ex-siemens-manager-on-trial.htm Wed, 24 Sep 2008 10:51:41 EDT Industrial conglomerate Siemens AG said Tuesday it is setting up a foundation endowed with some 400 million euros ($583 million) that will finance social projects and highlight its "commitment to corporate citizenship." http://www.ibtimes.com/articles/20080923/siemens-to-set-up-583m-million-nonprofit-fund.htm Tue, 23 Sep 2008 09:10:14 EDT Conglomerate Siemens AG said Tuesday that it struck a deal with German utility E.ON AG to build 500 wind turbines for planned projects in Europe and the United States. http://www.ibtimes.com/articles/20080909/siemens-e-on-sign-wind-power-deal.htm Tue, 09 Sep 2008 04:54:19 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 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