Siemens extends amnesty offer in corruption probe
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Siemens AG  has extended  its amnesty offer to employees in connection with a probe into  a corruption scandal until the end of February, the company  said on Thursday.
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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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Prosecutors expand the probe into alleged game-fixing of German soccer games Wednesday, raiding homes of 14 players and four referees under suspicion.
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Marsh &amp; McLennan Companies Inc., the insurance brokerage giant, is looking to collect about $230 million in incentive fees at the heart of a bid-rigging probe by New York authorities as a way to help fund a possible settlement over the questioned fees.
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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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(InfoWorld) - The U.S. Department of Justice (DOJ) and Microsoft filed formal paperwork Wednesday to extend part of an antitrust judgment against the company for at least two years. The extension of U.S. District Court Judge Colleen Kollar-Kotelly's November 2002 antitrust settlement would give Microsoft more time to complete work on technical documentation for licensees of its communications protocols. The DOJ and Microsoft filed a joint request Wednesday for Kollar-Kotelly to approve the extension, which the DOJ proposed in May. The antitrust order had been scheduled to expire in November 2007. If the judge approves the two-year extension, the DOJ and 17 state plaintiffs in the antitrust case can ask for an additional three-year extension if they still have complaints about Microsoft documentation. Microsoft has said it will not oppose a second extension. Under the settlement, Microsoft is required to license the communication protocols to other IT vendors interested in developing server software that works with Microsoft's Windows operating system. But as of May, hundreds of bugs in the technical documentation remained. A technical committee working with the antitrust plaintiffs identified 575 bugs in the technical documentation as of Feb. 8. By March 16, Microsoft had whittled the bugs identified by the technical committee down to 307, but the number of high-priority bugs grew from 68 to 71 in that period. By May 8, the number of high-priority bugs with a 60-day deadline grew to 79, and the total number of bugs identified by the technical committee was 414.
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"The corporate executive committee will be scrutinizing the organization of the groups, the regional companies and the tasks of the corporate units in detail"  FRANKFURT, Germany: The new chief executive of scandal-plagued Siemens AG said Thursday the company would restore the confidence of investors and the financial markets, move forward with its efficiency program ... via International Herald Tribune
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HANOVER, Germany  - German engineering union IG   Metall has extended until Wednesday its ultimatum to Volkswagen   VOWG.DE to provide binding and concrete investments that will   secure jobs for its German workforce.
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NEW YORK, Aug 30 (IPS) - U.S. officials from the Securities and Exchange  Commission, the Justice Department and the Federal Bureau of  Investigation met with prosecutors in Munich this week regarding  the 1.3-billion-dollar bribe fund run by Siemens, the German  multinational technology company.
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Get INQ7 breaking news on your Smart mobile phone in the Philippines. Send INQ7 BREAKING to 386. KUALA LUMPUR, Malaysia -- The government on Wednesday extended an amnesty for hundreds of thousands of illegal
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Siemens AG tried Sunday to blunt fierce criticism from politicians, labor unions and the media for unloading its mobile phone business on a Taiwanese company which has failed to keep it afloat.Comment
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Deutsche Bahn, the state-run rail operator, made an improved offer Thursday in an ongoing wage dispute with employees that led to crippling strikes this week, the company said.
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Arrests in Denmark and Germany this week could spur widening investigative police powers.
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The chipmaker gets another extension to address charges that it cut prices below costs in anticompetitive practices.
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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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Some of Germany's best-known and highly respected companies, including Siemens and Volkswagen, have hit the headlines this week in corruption scandals that threaten to tarnish Germany's squeaky clean business reputation.
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German engineering giant Siemens said it had suspended a number of employees in the ongoing corruption probe as evidence appeared to harden that they might have been involved in possible wrongdoing.