Peter Loescher, the first outsider to lead the company will be leaving Siemens soon. Peter Loescher, chief executive of Siemens and the first outsider to lead the company, will be leaving the company four years ahead of his end of contract.
Investors
Blackstone sees lesser opportunities in India
A Blackstone executive said it had found fewer opportunities to invest in India after seeing public governance issues.
Old Mutual launches new fund
Old Mutual Investment Group announced that it had launched a new private equity fund which is to be invested in private equity funds in South Africa.
Private equity firms zero in on Aman Resorts after talks between DLF and Zecha breaks down
DLF announced that it is entertaining private equity firms after ending the talks to sell Aman Resorts with Zecha.
Private equity funds move into Europe
A survey by Jones Lang LaSalle reported that private equity investments into Europe by large funds have reached their highest levels since 2007.
Latest News
Google's mess in China should concern the company as it brings risks of being used as a blueprint in the US.
Google discontinued its Chromecast-Netflix subscription promo after receiving "overwhelming demand".
Zynga CEO Don Mattrick planned to start his first 90 days assessing and reviewing the entire business.
Microsoft built too many RT surface, according to Microsoft CEO Steeve Ballmer. Steeve Ballmer, Microsoft CEO, admitted that the company overproduced the Surface RT tablet.
Google planned to shut down its Google Shopper app. Google announced its plan to shut down Google Shopper app on August 30. Earlier, Google+ Local app was also shut down by the company a few weeks ahead of schedule.
Netflix-exclusive "Mako Mermaids" premiered Friday. Netflix has a new show titled "Mako Mermaids". The Netflix exclusive debuted Friday.
Here are six ETFs Facebook fans will like. Facebook was performing well, according to the latest report from the company. It reported a profit of US$333 million for the second quarter.
Intel planned to offer holograms and bio-sensors for shopping. Holograms and bio-sensors were possible to become the reality of next-decade personalized shopping, according to Brian David Johnson of Intel.
Pinterest added "Edit Your Home Feed" to offer users with better personalized service. Pinterest announced its support for Do Not Track, a mechanism that allowed users to opt-out of having websites and third parties collect their personal data and activity.
