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Siemens Mobility Receives Order For Up To 50 Locomotives

BRIEF-Siemens Mobility Receives Order For Up To 50 Locomotives Oct 18 (Reuters) - SIEMENS AG SIEGn.DE : GREEN MOBILITY PARTNERS HAS PLACED AN ORDER FOR UP TO 50 LOCOMOTIVES THE CONTRACT INCLUDES THE AGREED PURCHASE OF EIGHT VECTRON MS LOCOMOTIVES AS WELL AS SUPPORT IN THE SERVICE AREA Further company coverage: [SIEGn.DE] (Gdansk Newsroom)
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Billing software firm Zuora to go private in $1.7 bln deal with Silver Lake, GIC

UPDATE 2-Billing software firm Zuora to go private in $1.7 bln deal with Silver Lake, GIC Updates shares in paragraph 1, adds details in paragraphs 4-8 Oct 17 (Reuters) - Billing software firm Zuora ZUO.N said on Thursday it has agreed to be acquired by buyout firm Silver Lake and Singaporean wealth fund GIC in a deal valued at $1.7 billion, sending its shares up n early 6% in early trading.
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ABB's new CEO says company has work to do after mixed Q3 numbers

UPDATE 3-ABB's new CEO says company has work to do after mixed Q3 numbers Company raises full year profit guidance, lowers sales outlook New CEO says company increasing R&D spending Q3 operating profit beats forecasts, sales miss expectations Adds share price reaction, analyst By John Revill ZURICH, Oct 17 (Reuters) - Swiss engineering group ABB ABBN.S needs to improve its performance, new Chief Executive Morten Wierod said on Thursday, after the company reported mixed third-quarter results.
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ABB's new CEO says company has work to do after mixed Q3 numbers

ABB new CEO puts deals and R&D spending at heart of growth strategy CEO targets higher top line growth More M&A, capex will be part of strategy CFO says ABB has at least $1 billion for acquisitions R&D spending will also increase . By John Revill ZURICH, Oct 17 (Reuters) - ABB's ABBN.S new Chief Executive Morten Wierod wants to speed up sales growth at the Swiss engineering company, he said on Thursday, ramping up spending on deals as well as research and development.
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EU champions’ hope will slam into hard M&A reality

BREAKINGVIEWS-EU champions’ hope will slam into hard M&A reality The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 16 (Reuters Breakingviews) - Brussels wants European companies to join together and compete with U.S. and Chinese rivals. In many cases, however, national politicians and investors may have different ideas.
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Union slams wage offer for key German industries with threat of strikes

UPDATE 2-Union slams wage offer for key German industries with threat of strikes Employers propose 3.6% rise vs union demand of 7% Siemens, BMW, Mercedes involved in talks Strikes possible from Oct. 29 Updates throughout with formal offer, background, quotes from union and employers' side By Ilona Wissenbach and Alexander Hübner NUREMBERG, Germany, Oct 15 (Reuters) - G ermany's largest industrial union slammed a proposed pay rise for almost 4 million workers in key sectors on Tuesday as too lit
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Employers offer staggered pay rise to workers in German industry, say sources

Employers offer staggered pay rise to workers in German industry, say sources NUREMBERG, Germany, Oct 15 (Reuters) - Employers have offered a staggered pay rise of 1.7% and 1.9% over a period of 27 months to workers in Germany's auto, electrical and metal industries, sources said on Tuesday, falling short of the demand made by the union. The offer, which foresees the first increase on July 1, 2025 and the second a year thereafter, was made by employers in northern Germany, the first negotiating
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Siemens looks to digital platform to tackle automation downturn

Siemens looks to digital platform to tackle automation downturn By Jörn Poltz MUNICH, Oct 10 (Reuters) - Siemens SIEGn.DE is looking to its online digital platform Xcelerator to support future growth, including at its factory automation business which has been hit by weakening demand in China and Europe, managing board member Peter Koerte said. The German engineering group last month warned its full-year sales growth would be slower than expected, with revenues at its flagship digital industrie
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Russia launches own high-capacity gas turbine, replacing foreign technology

Russia launches own high-capacity gas turbine, replacing foreign technology MOSCOW, Oct 10 (Reuters) - Russia has launched a power unit based on its first domestically produced high-capacity gas turbine, as it develops its own alternatives to Western technology it can no longer import. The new unit at the Udarnaya power station in southern Russia was inaugurated via video link on Wednesday evening by President Vladimir Putin, in a ceremony shown on state TV.
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Siemens files lawsuit in Texas against Citgo Petroleum parent

Siemens files lawsuit in Texas against Citgo Petroleum parent By Marianna Parraga HOUSTON, Oct 9 (Reuters) - Siemens Energy Inc ENR1n.DE has filed a lawsuit in a Texas court against Citgo Petroleum's parent, PDV Holding, seeking to recoup about $200 million from a promissory note defaulted by Venezuela, according to a court document seen on Wednesday.
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British Business - Oct 3

PRESS DIGEST-British Business - Oct 3 Oct 3 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Starling Bank has been fined 29 million pounds ($38.4 million) by the City regulator for "shockingly lax" controls that left the financial system "wide open to criminals and those subject to sanctions".
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Siemens Closes Sale Of Innomotics To KPS Capital Partners

BRIEF-Siemens Closes Sale Of Innomotics To KPS Capital Partners Oct 1 (Reuters) - Siemens AG SIEGn.DE : CLOSES SALE OF INNOMOTICS TO KPS CAPITAL PARTNERS ENTERPRISE VALUE EUR 3.5 BILLION Further company coverage: [SIEGn.DE] (Gdansk Newsroom)
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Siemens Mobility And Beacon Sign Contract For Purchase Of Vectron Locomotives

BRIEF-Siemens Mobility And Beacon Sign Contract For Purchase Of Vectron Locomotives Sept 30 (Reuters) - Siemens AG SIEGn.DE : SIEMENS AG - SIEMENS MOBILITY AND BEACON SIGN MAJOR FRAMEWORK CONTRACT FOR PURCHASE OF VECTRON LOCOMOTIVES SIEMENS AG - INITIAL ORDER FOR 25 VECTRON MS UNITS FOR CONTINENTAL EUROPE Source text for Eikon: [ID:] Further compan
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Siemens CFO expects full-year sales growth below forecasts

UPDATE 1-Siemens CFO expects full-year sales growth below forecasts Adds further executive comment from paragraph 6, background ZURICH, Sept 27 (Reuters) - Siemens SIEGn.DE will post lower-than-expected full-year sales growth, its Chief Financial Officer Ralf Thomas said in an interview published on Friday, although profits will not be harmed and its dividend could rise.
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Siemens sales growth likely to be below guidance, CFO tells paper

Siemens sales growth likely to be below guidance, CFO tells paper ZURICH, Sept 27 (Reuters) - Siemens SIEGn.DE will post weaker-than-expected full year sales growth, Chief Financial Office Ralf Thomas said in an interview published on Friday, although profits will not be harmed and the dividend could rise. "In terms of sales growth, the trend is not towards 4%, but towards 3%," Thomas told German newspaper Boersen-Zeitung.
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Burberry, Experian, GEA Group

EUROPE RESEARCH ROUNDUP- Burberry, Experian, GEA Group Sept 26 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Burberry, Experian and GEA Group, on Thursday. HIGHLIGHTS * Burberry BRBY.L : RBC cuts target price to 650p from 800p * Experian EXPN.L : RBC raises to sector perform from underperform * FACC AG FACC.VI : Kepler Cheuvreux raises to buy from hold * GEA Group AG G1AG.DE : Morgan Stanley raises to overweight from equal-weight
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Siemens Energy extends CEO contract as recovery continues

UPDATE 1-Siemens Energy extends CEO contract as recovery continues Recasts, adds details from paragraph 2, adds photos of Bruch Sept 25 (Reuters) - Siemens Energy ENR1n.DE said on Wednesday it has extended the contract of CEO Christian Bruch for a further five years, t he latest sign that the power equipment supplier has turned a corner following a major crisis at its wind turbine business.
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US business equipment borrowings fall 10% Y/Y in August, ELFA says

US business equipment borrowings fall 10% Y/Y in August, ELFA says Sept 24 (Reuters) - U.S. companies borrowed 10% less to finance equipment investments in August compared with the year-ago period, the Equipment Leasing and Finance Association (ELFA) said on Tuesday . New loans, leases and lines of credit signed up by companies in August were also down 17% from $11.1 billion a month earlier.
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Suez, Siemens and Abu Dhabi National Energy Company join up in desalination initiative

Suez, Siemens and Abu Dhabi National Energy Company join up in desalination initiative Sept 24 (Reuters) - French utility company Suez, German company Siemens SIEGn.DE and Abu Dhabi National Energy Company TAQA.AD have signed a memorandum of understanding (MoU) to participate in a desalination initiative to help emerging market countries. WHY IT MATTERS: Global warming and droughts have put pressure on the amount of drinking water supplies around the world.
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Auto File: Giorgia says it out loud

Auto File: Giorgia says it out loud Sept 24 - By Nick Carey , European Autos Correspondent Greetings from London! Another week, another reminder of how hard it is to scale up in the world of electric cars, especially if you’re trying to chase decades of Asian investment in and dominance of battery making. In a fresh announcement, Northvolt cut about a fifth of its workforce and dropped plans to massively expand a factory in Sweden, just two weeks after saying it was giving up on cathode active
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