Defense investigators raid Siemens Medical in Pa. weeks after firm wins $267M contract

October 12th, 2009 Siemens loans $178M to finance wind expansionISELIN, N.J. — Siemens Financial Services Inc.

September 19th, 2009 ISLAMABAD - Following a raid here early Saturday, the police claim to have recovered 61 illegal guns and nine pistols from the offices of a private security firm providing security to the US embassy. The raid came after it was revealed that the Interior Ministry had issued licences for highly sophisticated assault rifles to the company called Inter Risk, with the prime ministers special permission, Dawnnews.com reported.

September 14th, 2009 Northrop Grumman unit wins US Navy contractVIRGINIA BEACH, Va. — Northrop Grumman Corp.

September 1st, 2009 Raytheon to provide technical assistance to TaiwanTEWKSBURY, Mass. — Defense contractor Raytheon Co.

September 1st, 2009 SAIC wins federal contractSAN DIEGO — Science Applications International Corp. on Tuesday said it has won a contract to provide operations and maintenance support for the Federal Emergency Management Agency and Department of Homeland Security.

August 26th, 2009 Siemens buys majority in 2 Chinese metal companiesFRANKFURT — German industrial conglomerate Siemens AG said Wednesday it bought a majority stake in two small Chinese metal companies, but did not release financial details. Munich-based Siemens said its energy division acquired the majority holding in Yangtze Delta Manufacturing, a metalworking company, and aluminum foundry GIS Steel & Aluminum Products, both of which are headquartered in Hangzhou.

August 18th, 2009 CBI unit wins $40 million ethylene plant contractTHE WOODLANDS, Texas — A subsidiary of Chicago Bridge & Iron NV said Tuesday it won a contract worth about $40 million to supply eight heaters to an ethylene plant in Taiwan. The Lummus Technology subsidiary said it won the contract from CTCI Corp.

July 30th, 2009 Siemens 3Q net profit euro1.3 billion, down 7 percentFRANKFURT — German industrial conglomerate Siemens AG said Thursday its net profit for its fiscal third quarter fell 7 percent as the global recession curbed demand for its products which range from light bulbs to high-speed trains. The Munich-based company said net profit in the April-June period fell to euro1.3 billion ($1.8 billion) from euro1.4 billion in the year-ago quarter.

July 2nd, 2009 Germany's Siemens to pay euro75M to combat corruptionMUNICH — 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. The Munich-based company said it agreed to pay the money — euro5 million ($7 million) annually for 15 years — to the United Nations and Transparency International as part of an agreement with the Washington-based World Bank, calling it part of its "ongoing efforts to address the consequences of the bribery scandal." Siemens, which makes products ranging from wind turbines to trams, has been embroiled in a far-reaching corruption scandal and has acknowledged making dubious payments to secure business.

July 1st, 2009 Former Greek Siemens exec ordered held in GermanyMUNICH — A German court said Wednesday it has ordered that a former head of Siemens AG's Greek branch be kept in custody pending a decision on his possible extradition to face money laundering and bribery charges. Michael Christoforakos, who holds both Greek and German citizenship, was arrested in Bavaria last week on a Greek-issued European warrant.

June 29th, 2009 Siemens names new US operations leaderNEW YORK — Industrial conglomerate Siemens AG said Monday Michael Reitermann will lead the company's U.S. organization.

June 22nd, 2009 Siemens hopes for $20.9 billion in stimulus ordersFRANKFURT — German industrial conglomerate Siemens AG said Monday that it expects to garner about euro15 billion ($20.9 billion) worldwide in new orders because of more government-backed orders aimed at reducing energy consumption. Siemens said that the efforts by governments, including the U.S., to parcel out stimulus money to jolt economies back to life — much of it earmarked for infrastructure projects emphasizing "green" technology — would lift its order books from 2010 to 2012.

June 13th, 2009 German prosecutors charge ex-Siemens managerMUNICH, Germany — German prosecutors have charged a former top-ranking Siemens AG manager with breach of trust for his alleged role in a widespread corruption scandal at the Munich-based industrial conglomerate, an official said Saturday. Charges had been brought against the ex-head of finance for Siemens' communications branch, Michael Kutschenreuter, said Anton Winkler, a spokesman for Munich prosecutors.

January 14th, 2009 DHAKA - The US has said that Bangladesh may get the bribe money allegedly paid by a telecom giant to former prime minister Khaleda Zia's younger son, but 'only if the verdict in the case filed by the US justice department goes in its favour', a media report said. Zia's son Arafat Rahman Koko is alleged to have stashed the money in bank accounts in Singapore, where he is convalescing in a hospital.

December 22nd, 2008 DHAKA - In a scandal that could be embarrassing in the run-up to the parliamentary polls, former Bangladesh prime minister Khaleda Zia's son has been accused of facilitating the entry of telecom giant Siemens in the country's mobile phone network for monetary gains. As the international media ran reports about how the corporate giant and its subsidiaries bribed government officials to win contracts in countries across the world, Zia's younger son Arafat Rahman Koko's name came up in the Bangladesh part.