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 SIEMENS
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SIEMENS Technology News
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Siemens to pay $100 million to fight graft: World Bank (AFP via Yahoo! News) |
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German industrial giant Siemens will pay 100 million dollars over 15 years into a fund to fight corruption after probes revealed fraud at its subsidiaries, the World Bank said Thursday.
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Thu, 02 Jul 2009 19:38:13 GMT
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German Stocks Pare Earlier Gains as Siemens, MAN Decline (Bloomberg) |
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July 3 (Bloomberg) -- German stocks pared earlier gains, with the benchmark DAX Index falling 0.1 percent to 4,712.68 as of 9:16 a.m. in Frankfurt. Siemens AG and MAN SE led declines, dropping more than 1 percent each.
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Fri, 03 Jul 2009 07:52:25 GMT
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Siemens PLM Software appoints VP for India (CIOL) |
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NEW DELHI, INDIA: Siemens PLM Software announced that Suman Bose has been named VP and MD for its India Operations. In this role, Bose is responsible for increasing Siemens PLM Software's marketshare and extending its leading position in India's PLM field.
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Fri, 03 Jul 2009 13:09:55 GMT
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WB reaches settlement with Siemens on corruption charges (Business Standard India) |
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The World Bank has reached a settlement with Siemens AG related to the German conglomerate's past "misconduct", including alleged corruption, and will pay $100 million for anti-corruption measures of the global lender.
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Fri, 03 Jul 2009 13:57:18 GMT
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WB reaches settlement with Siemens on graft charges (Press Trust of India) |
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New York, July 3 (PTI) The World Bank has reached a settlement with Siemens AG related to the German conglomerate's past "misconduct", including alleged corruption, and will pay USD 100 million for anti-corruption measures of the global lender.
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Fri, 03 Jul 2009 14:03:21 GMT
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Nokia Siemens bid for Nortel's wireless could pay off (telecomasia.net) |
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In light of the Nortel bankruptcy, Nokia Siemens Networks' (NSN) bid for Nortel's CDMA and LTE assets could finally allow the Nokia/Siemens joint venture to succeed at the wireless edge.
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Fri, 03 Jul 2009 09:42:34 GMT
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Germany's Siemens to pay euro75M to combat corruption (AP via Yahoo! Finance) |
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German industrial conglomerate Siemens AG said Thursday it has agreed to pay euro75 million over 15 years to help bolster international anti-corruption efforts and to refrain from bidding for contracts under World Bank-financed projects until 2011.
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Thu, 02 Jul 2009 15:23:44 GMT
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Siemens Shut Out From World Bank Projects After Bribery Scandal (Bloomberg) |
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July 2 (Bloomberg) -- Siemens AG , the German engineer that’s emerging from a global bribery scandal, will be shut out from World Bank financed projects for two years and the company agreed to pay $100 million to support anti-corruption work.
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Thu, 02 Jul 2009 15:37:27 GMT
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Siemens to pay 100 million dollars to fight graft (Manila Bulletin via Yahoo! Philippines News) |
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WASHINGTON, July 2, 2009 (AFP) - German industrial giant Siemens will pay $100 million over 15 years into a fund to fight corruption after probes revealed fraud at its subsidiaries, the World Bank said Thursday. Siemens has also agreed not to bid for business from the Washington-based World Bank for two years as part of its punishment following the anti-corruption investigations. "The World Bank ...
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Thu, 02 Jul 2009 22:41:42 GMT
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Siemens to pay $100 mln to fight corruption (People's Daily) |
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The World Bank on Thursday announced a comprehensive settlement with Siemens AG in the wake of the company's acknowledged past misconduct in its global business and a World Bank investigation into corruption in a project in Russia involving a Siemens subsidiary. The settlement includes a commitment by Siemens to pay 100 million dollars over the next 15 years to support anti-corruption work, an ...
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Fri, 03 Jul 2009 02:22:55 GMT
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