Various reports cited sources who said that Former Deutsche Bank AG Chief Executive Officer Josef Ackermann would be stepping down from his post in Siemens AG as deputy chairman of the supervisory board.
Tags: Siemens AG
Siemens chief feels pressure to spin off healthcare unit - report
Investment banks reportedly been courting Siemens AG to spin off its healthcare business. According to a Bloomberg report, Siemens AG Joe Kaeser may be able to obtain USD7 billion in value should he break off the company's healthcare business.
Siemens to buy back EUR4 billion of own shares
Siemens AG said that it had set aside EUR4 billion or USD5.4 billion for its stock buyback program. In its statement, Europe's largest engineering company Siemens AG revealed plans to launch a EUR4 billion or USD5.
Sun Capital drops out, Triton steps in to bid for Siemens postal automation unit - sources
Investment firm Triton had stepped in as the possible buyer of Siemens AG's postal automation and baggage-handling division unit after Sun Capital dropped out of the bidding round.
Siemens to exit from its water technologies unit - sources
Siemens AG's talks with equity group AEA Investors were at the advance stage regarding the German company's sale of its water technologies business.
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Yesterday, Siemens AG announced naming a new CEO for the company after ousting its former head, Peter Loescher.
The supervisory board at Siemens AG asked to oust its current CEO after failing to meet the 12% profit margin goal of the company.
Nokia's Standard & Poor's rating plummeted further in the junk territory. (Photo : reuters. com)Nokia, Finnish Telecom company SGV claims that Nokia is in no position to buy Siemens shares.
Voestalpine hired Seimens and Mildex to build Texas plant for $713.5 million (Photo : Reuters)Voestalpine awarded a $713. 5 million to Siemens and Midrex to build Texas plant Voestalpine, the international steel company based in Linz, Austria, awarded a $713.
Nokia's budget strained from move to buyout Siemens AG in handset deal (Photo : Reuters)Nokia to buyout Siemens in network deal. Nokia expects cash strain in the coming days as it continues to buyout Siemens AG for its share of the network equipment joint venture that was established between the two companies.
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