Siemens shares surge after it raises business outlook

Siemens' shares surged on Wednesday after the German engineering giant raised its full-year business outlook following a 25-per-cent rise in quarterly profit.

Siemens to buy US software company Mentor for 4.5 billion dollars

German industrial giant Siemens said Monday that it plans to acquire US software company Mentor Graphics for 4.5 billion dollars in an effort to expand its industrial software portfolio.

Bosch, Siemens recall 170,000 potentially explosive gas ovens

German household products manufacturers Bosch and Siemens are starting a recall of 170,000 gas ovens that pose the risk of exploding, the licensee of the two brands, BSH housewares group, announced Tuesday in Munich.

Merkel appeals to business leaders in job hunt for Germany's migrants

Chancellor Angela Merkel has invited the leaders of Germany's biggest companies, including Siemens and Volkswagen, to discuss ways to integrate migrants into the world of work, popular German tabloid Bild reported Saturday.

Siemens shares jump after engineering giant raises profit outlook

Shares in Europe's biggest engineering company Siemens rose sharply on Thursday after the group posted strong quarterly earnings and raised its profit forecast for the second time this year.

Siemens plans to slash 2500 jobs worldwide

German engineering giant Siemens announced plans on Wednesday to cut about 2,500 jobs worldwide in its industrial processing operations amid a slump in demand and falling commodity prices.