Siemens boss says company needs 'years' to overcome corruption damage: report
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The head of German engineering giant Siemens has acknowledged in an interview to be published Friday it will take the company "several years" to overcome corruption scandals currently plaguing it.
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State prosecutors want to talk to Siemens  chief executive Klaus Kleinfeld as part of a probe into suspected fraud at the German industrial conglomerate, a source familiar with the matter told Reuters on Saturday.
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Troubled German engineering giant Siemens said Monday it had created a board level position to fight corruption, one of three nominations aimed at restoring the group&#39;s tarnished reputation.
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The merger between Nokia and Siemens' networking divisions has been postponed due to an ongoing investigation at Siemens over charges of bribery, Nokia said Friday.
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An anti-corruption unit at the World Bank heavily promoted by ousted president Paul D. Wolfowitz needs to be overhauled to mend tense relations with the rest of the bank's staff, according to a report released yesterday by a high-level outside review panel.
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Under mounting pressure from German government officials and former employees of the mobile phone division it paid BenQ to take off its hands, Siemens has set up a â¬35 million ($44.4 million) fund to aid workers at risk of losing their jobs.
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U.S. car parts maker TRW  plans hardly any job cuts should Germany's Siemens  sell automotive electronics unit VDO to the U.S. company, a German weekly reported on Sunday.
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A top manager at Siemens has turned himself in to police and has made detailed statements with on an unfolding bribery scandal at the German engineering giant, prosecutors said.
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Siemens supervisory board chief Heinrich von Pierer said he had no intention of stepping down over a bribery and embezzlement probe at the German engineering giant, in an interview.
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Siemens&#39; new chief executive, Peter Loescher, promised Wednesday to proceed carefully when he officially takes over at the German engineering giant next week.
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BERLIN The German engineering company Siemens said Thursday that its profit fell 10 percent in the fourth quarter as costly product defects led to losses in its mobile phone and train car businesses.
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After a public outcry over the collapse of BenQ's German mobile telephone making operations, electronics giant Siemens has sought to repair its reputation by cancelling a generous pay-rise for top managers and using the money saved to help BenQ's German employees instead.
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German engineering giant Siemens reportedly paid bribes to officials in the Greek interior and defence ministries linked to a contract it won for the Athens Olympics.
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German engineering conglomerate Siemens  posted first-quarter profits on Thursday that beat  expectations, but it failed to present a solution for its  ailing mobile-phones business or a clear full-year outlook.
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German electronics giant Siemens said on Friday that financial burdens connected with a technical fault in its new mobile phone handsets were likely to reduce earnings in the final quarter of its business year ending in September.
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The alleged bribery scandal surrounding the German conglomerate Siemens may scupper a planned tie-up with Finnish telecommunications equipment maker Nokia, according to a German newspaper 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.