Industrial conglomerate Siemens , which late Wednesday said it would buy back up to 10 billion euros of shares by 2010, said it lost 74 million euros ($107 million) in the fiscal fourth-quarter, mostly on the tax hit from carving out Siemens VDO Automotive.

From continuing operations, income jumped to 1.39 billion euros from 139 million euros, with revenue up 9% to 20.2 billion euros and orders up 21% to 21.33 billion euros. It said all its businesses reached their Fit 4 2010 margin target ranges. For the current fiscal year, volume grown is seen twice as high as the rate of global economic growth.

Germany