Greek column capital stolen at Ancient Olympia; official suspended pending investigationSeptember 6th, 2009 Greek column capital stolen at Ancient OlympiaATHENS, Greece — Greece's Culture Ministry says a column capital has been stolen from the archaeological site of Ancient Olympia, one of the country's most important. The ministry says the capital, part of a 6th century Byzantine church on the grounds of the guarded site, was found to be missing just before midnight Saturday.
3 men expelled from Cambodia to US to face child sex tourism charges ordered held in custodySeptember 1st, 2009 3 charged in sex tourism cases ordered held in LALOS ANGELES — Three Americans expelled from Cambodia to face charges of traveling overseas to have sex with children have been ordered held in custody pending their arraignment later this month in Los Angeles. Ronald Boyajian, Erik Peeters and Jack Sporich made their initial appearance Tuesday in U.S.
German conglomerate Siemens buys majority in Yangtze Delta and GIS Steel & Aluminum of ChinaAugust 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.
Canadian judge denies German businessman's bid for injunction to halt extraditionAugust 2nd, 2009 Canadian judge allows Schreiber extraditionTORONTO — A Canadian judge has denied a German-Canadian businessman's request for an injunction to stop his imminent extradition to Germany. Karlheinz Schreiber's lawyer, Edward Greenspan, was at the Ontario Court of Appeal on Sunday in what turned out to be a futile attempt to block the extradition, which could now take place anytime
As a result of the judge's ruling, Greenspan says his client would comply with an order to surrender himself at a Toronto detention center.
German industrial conglomerate Siemens 3Q net profit down 7 percent to euro1.3 billionJuly 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.
Pakistan not positive on extradition treaty proposal: IndiaJuly 8th, 2009 NEW DELHI - India Wednesday said Pakistan has not responded positively to India's proposal for an extradition treaty. "India has proposed an extradition treaty to Pakistan in the Home Secretary talks in the composite dialogue since 2004, External Affairs Minister S.M.
Siemens to pay euro75M to help UN anti-corruption efforts; no bids on World Bank-backed projectsJuly 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.
Former Greek Siemens executive accused of corruption arrested in GermanyJune 25th, 2009 Greek ex-Siemens executive arrested in GermanyMUNICH — A former senior executive of industrial conglomerate Siemens AG who faces money laundering and bribery charges in Greece was arrested in Germany on Thursday, prosecutors said. Michael Christoforakos, who holds both Greek and German citizenship, was arrested near Rosenheim, southeast of Munich, following a tip-off from the public, Munich prosecutors said in a statement.
With gov'ts parceling out stimulus package, Siemens looks to boost orders for green technologyJune 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.
Germany passes law limiting executive pay; excessive bonusesJune 18th, 2009 Germany passes law limiting executive payBERLIN — Germany passed a law Thursday that limits the salaries top executives are allowed to earn and encourages companies to focus on long-term strategies and performance. Lawmakers from Chancellor Angela Merkel's ruling Christian Democrats and their coalition partners, the Social Democrats, voted in favor of the law, which was drawn up in response to the global economic crisis.
German prosecutors charge ex-Siemens manager, 2 others in corruption caseJune 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.
Siemens AG bribery scandal grips Greece, battering public trust in politicsJune 5th, 2009 Siemens AG bribery scandal grips GreeceATHENS, Greece — Greeks pride themselves on having invented European drama. And their mushrooming scandal over alleged bribery by Siemens AG officials has plenty of it.
Defense investigators raid Siemens Medical in Pa. weeks after firm wins $267M contractApril 23rd, 2009 Defense investigators raid Siemens Medical in Pa.PHILADELPHIA — Criminal investigators with the Defense Department searched the headquarters of Siemens Medical Solutions USA on Wednesday in connection with a government contract, weeks after the firm won a $267 million medical-imaging contract. Agents of the Defense Criminal Investigative Service arrived at the sprawling complex in Malvern, near Philadelphia, in the morning and were still onsite hours later.
Siemens wins China high-speed train orderMarch 21st, 2009 MUNICH - China has ordered 100 high-speed trains from German engineering giant Siemens and its Chinese partners, the company announced in Munich Friday. Siemens will supply components worth 750 million euros ($1 billion) for the Velaro trains, which will be assembled in China and used on the Beijing-Shanghai route from 2010.
US may return bribe money involving Zia's son to DhakaJanuary 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.
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