Siemens decides not to sue against state-engineered Alstom bailout
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German engineering giant Siemens has decided not to appeal to the European Court of Justice against the publicly financed bailout of French rival Alstom.
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Competition boss who filed charges rejected a settlement offer so EU could maintain oversight.
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Stelco Inc. (STEa) said on Wednesday it had forged a new bailout plan with Deutsche Bank AG that does not require the insolvent steelmaker to have a supply contract with General Motors Corp.
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A federal judge has ruled that some product-liability claims against Boston Scientific Corp.  over implantable heart defibrillators can proceed, rejecting the medical device maker's motions to dismiss them.
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Internet phone company Vonage Holdings Corp. said on Friday it was not going out of business despite a jury's verdict a day earlier that it infringed on three patents owned by Verizon Communications Inc.
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German-US auto giant DaimlerChrysler, one of the main shareholders in EADS, has said it would not participate in a possible capital hike at the European aerospace giant.
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LONDON (CBS.MW) -- Credit Suisse First Boston overnight cut its rating on German mobile phones-to-turbines conglomerate Siemens (SI) (DE:723610) to neutral from outperform and cut its price target on the stock to 65 euro from 70 euro.
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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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German chip maker Infineon Technologies has filed a motion to dismiss a patent-infringement suit by Rambus.
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An executive at Scania ,  object of an unsolicited bid from Germany's MAN, has rejected  market speculation that Scania may be too small to remain  independent and successful over the long term.
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The Saudi Binladin Group is not liable for the Sept. 11 attacks, attorneys for the multinational engineering firm claim, because it made Osama bin Laden surrender his stake in the company 14 years ago.
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A European court on Thursday dismissed a legal action brought by the EU Commission accusing the British government of breaking its worker health and safety rules.
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Siemens  Chief Executive Klaus Kleinfeld denied any knowledge that the German engineering conglomerate was paying bribes in exchange for contracts, German magazine Focus reported on Saturday.
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Cancelling pay rises Siemens' board voted this weekend to forgo a planned 30 per cent pay rise in order to set up a â¬30m hardship fund for workers affected by the closure of the German handset business it offloaded to BenQ last year.â¦
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The drastic cost-saving and restructuring programme being implemented at loss-making German car maker Opel will not entail any compulsory redundancies or plant closures, executives of US parent company General Motors and unions agreed.
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Austrian regulators have approved Siemens AG&#39;s bid to takeover engineering competitor VA Technologie AG, Austrian radio said Friday.
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German investment bank Deutsche Bank challenged the right of Yukos to claim bankruptcy protection under US law. It will place adverts and in a court filing on Tuesday it said the oil giant has few Texas ties