Siemens scrutinizing 1.6 billion euros in dubious deals: report
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An internal probe at the German engineering group Siemens has raised the amount of suspicious transactions the company is investigating to about 1.6 billion euros (2.3 billion dollars), a press report said Thursday.
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TRW Automotive Holdings  is  thinking about making a bid for the automotive engineering unit  of Germany's Siemens, the Financial Times reported on Tuesday,  citing three people involved in the bidding process.
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Two former executives of German engineering firm Siemens go on trial accused of paying 6m euros in bribes.
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Two more people have been arrested in an investigation of suspected embezzlement of company funds at Siemens bringing the total to six, Munich prosecutors said. The two worked at the internal audit and accounting unit of the electronics conglomerateÂs fixed-line communications division. Prosecutors say that the six people banded together to help commit breach of trust against Siemens by setting up secret funds outside Germany. Prosecutors said the embezzled amount could be more than 200 million euros ($255 million). They added that the money had not yet been tracked down.
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FRANKFURT : German electronics giant Siemens is planning to de-list its shares from the New York Stock Exchange because of the high costs of maintaining a listing on Wall Street.
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Fujitsu says it has found fictitious transactions at one of its subsidiaries, confirming a newspaper report.
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German industrial conglomerate Siemens AG said Monday it has secured a 180 million euro ($224 million) order to modernize Libya's electricity network.
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TRW Automotive Holdings  is thinking about making a bid for the automotive engineering unit of Germany's Siemens, the Financial Times reported on Tuesday, citing three people involved in the bidding process.
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The EC is investigating the proposed  Â£11.6bn takeover of Scottish Power by the Spanish firm Iberdrola.
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Siemens, the 161-year-old conglomerate based in Munich, has been disproving the skeptics who questioned whether an industrial giant could be a stock market star.
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Mr Pierer received cash compensation of 3.56m plus stock-based compensation valued at 1.08m, Siemens has revealed in its annual report for the financial year that ended in September.
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A corruption affair that has shaken  German industrial conglomerate Siemens AG (SIEGn.DE) has spread  to the United States with investigations by the U.S. Department  of Justice and Securities and Exchange Commission.
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SEOUL: South Korean prosecutors said that Hynix Semiconductor is being investigated in connection with an alleged accounting fraud involving 1.7 billion dollars.
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German regulators say they've found evidence that a large bond trade last year by Citigroup Inc., the world's largest financial institution, resulted in market manipulation, according to a published report.
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AUGUST 27, 2004 (IDG NEWS SERVICE) - DUSSELDORF, Germany -- Siemens AG warned yesterday of a software defect in a range of mobile phones that could cause hearing damage.
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Banks selling up to 4.5 billion euros ($5.6 billion) worth of Deutsche Telekom shares are taking on a high level of risk in a sign of continued aggressive bidding on such deals, market sources said.
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An 11bn euro bond trade by US bank Citigroup in August 2004 is now being investigated by German prosecutors.