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Finalists For 2015 Siemens AG (ADR)(OTCMKTS:SIEGY) Competition In Science, Math & Technology Announced

To ensure that high-school students in Washington get the exposure they deserve, Siemens Foundation owned by Siemens AG (ADR)(OTCMKTS:SIEGY) keep organizing various competitions. As per the reports, it announced the 2015 class of regional finalists of competition in science, math and technology. It’s considered as one of the most sought after competitions in the country. […]

General Electric Company (NYSE:GE) Receives Antitrust Concerns From EU Commission on Alstom Deal

General Electric Company (NYSE:GE) has received a series of antitrust concerns from the EU Commission with regards to its plans to acquire the Alstom energy business. GE’s intent to purchase Alstom’s energy business was confirmed in 2014 after Alstom’s board unanimously selected General Electric as the successful contender. The subject business is a power and […]

Siemens AG (ADR) (OTCMKTS:SIEGY) To Drop 4,500 Jobs, Retain Unprofitable Units

German industrial group Siemens AG (ADR) (OTCMKTS:SIEGY) will slash a further 4,500 jobs as it struggles with low economic growth and weak demand from energy customers. The cuts follow 7,400 job losses already declared and were disclosed on Thursday with a 5% decline in first-quarter profit at its industrial businesses. The trains-to-turbines group presently has […]

SAP SE (ADR) (NYSE:SAP) Inks Deal With Intel Corporation (NASDAQ:INTC) And Siemens AG (ADR) (OTCMKTS:SIEGY) To Expand Internet Of Things

SAP SE (ADR) (NYSE:SAP) has introduced the HANA Cloud Platform (HCP) for the Internet of Things on Wednesday. To further strengthen its IOT portfolio, the company has also entered into a pact with Siemens AG (ADR) (OTCMKTS:SIEGY) and Intel Corporation (NASDAQ:INTC). The HCP is developed embracing the prevailing SAP technology including geolocation, telematics, and predictive […]

SAP SE (ADR) (NYSE:SAP) Partners With Intel Corporation (NASDAQ:INTC) And Siemens AG (ADR) (OTCMKTS:SIEGY) To Provide Wings To Its IoT Portfolio

SAP SE (ADR) (NYSE:SAP) has launched the HANA Cloud Platform (HCP) to diversify into the Internet of Things (IoT). Executive board member of SAP, Bernd Leukert, highlighted the use of the newly launched HCP in connected cars, logistics, smart cities and vending systems. Companies can easily connect to devices related to their work and the […]

Molycorp Inc (NYSE:MCP) – Strong Resistance Around $1.20

Molycorp Inc (NYSE:MCP) rallied very sharply and ended the last trading session with a huge gain of 77% on the back of the news of Siemens AG (ADR) (OTCMKTS:SIEGY) selecting the company to supply rare earth materials for the next 10 years. The volume exploded to 42 million against the daily average of 8.7 million […]

Dresser-Rand Group Inc. (NYSE:DRC) Acquisition Will Help Siemens AG (ADR) (OTCMKTS:SIEGY) Tap U.S. Shale Gas Boom

Boston, MA 09/23/2014 (wallstreetpr) – In order make its position in the United States concrete, Germany-based Siemens AG (ADR) (OTCMKTS:SIEGY) agreed to acquire Dresser-Rand Group Inc. (NYSE:DRC) for an amount of $7.6 billion (all-cash). The acquisition of Dresser-Rand is seen as Siemens’ effort to compete aggressively with the General Electric Company (NYSE:GE) in rapidly growing […]

General Electric Company (NYSE:GE)’s GE Healthcare Announced FDA Approval For 3-D Mammography Device

Boston, MA 09/03/2014 (wallstreetpr) – GE Healthcare, a health-related unit of General Electric Company (NYSE:GE), announced recently that the U.S. Food and Drug Administration gave its nod to company’s mammography device. According to GE Healthcare, this device has a capability of extracting 3-D images for diagnosis of breast cancer. The three-dimensional results produced by this […]