Philips to split off lighting business

Electronics group to consider offering for standalone unit

Siemens set to exploit US shale boom

New chief hopes pair of deals will revive profits

An employee of Siemens Charlotte Turbine-Generator Center inspects the inside of a stator core, which is the stationary part of a generator's rotor system. Siemens state-of-the-art generator manufacturing operations include new-unit generator manufacturing as well as service repairs for steam turbines and generators. The Charlotte NC manufacturing facility was founded in 1967 by Westinghouse Electric Corporation to manufacture nuclear low pressure turbines. Siemens Charlotte plant is the primary service center for generator and steam turbine equipment in the Americas, and the lead plant for manufacturing new electrical generators. Internationally, Siemens AG is Europe's largest engineering conglomerate.

Siemens: Cheque out

Deal looks expensive, but the German group can afford it

Luxury carmakers hindered in India

Hefty import duties and economic downturn hurt sales of supercars

GE eyes oil group Dresser-Rand

Prospect of bid war with Siemens over oil equipment maker

Week in Review

Week in Review, September 20

Air France strike; European taxes, Phones4U and Asos also in the news

City Insider: Weir’s Cochrane leads Noes

Keith Cochrane, John McFarlane and Masroor Siddiqui in the news

Auto lenders face tougher US supervision

Dealers strongly opposed to new oversight from CFPB

Smiths Group struggles weigh on earnings

Detection and medical divisions prove a disappointment for group

Renault reaps benefit of Russia ties

Russian car market shrinking amid country’s economic troubles

Tycoon orders 30 Rolls for record $20m

HK entrepreneur Stephen Hung will use fleet in Macau resort

GM to pay compensation for 19 fatalities

Carmaker receives 125 claims for ignition-linked deaths

Driverless car ambitions spur $11.7bn deal

Germany’s ZF to buy TRW to create second-largest parts maker

China’s rise is a credit to private enterprise

Those who attribute it to Beijing’s hidden hand risk losing out

Concern rises over Europe’s growth rate

Aveva falls after contracts delay warning

London IT group cites delayed contracts and softening demand

IC: September 13 highlights

Companies analysis from our sister publication

Ferrari faces long road back to F1 glory

Sporting failure spurs exit of sports car maker’s chairman

Rank eyes sale of timber businesses

Deal would be New Zealand group’s latest disposal

ABB unveils $4bn share buyback

Swiss engineer moves to appease investors for underperformance


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