Siemens names Michael Reitermann head of US operations, replacing Heinrich Kolem

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

October 7th, 2009 Candidate puts rivals' names on tombstones in yardSYLVANIA, Ohio — A man running for office in Ohio has put a Halloween display in his yard that includes tombstones bearing the names of his political opponents. Royal Barber of Sylvania Township near Toledo said it's all in good fun.

September 1st, 2009 Fluor names new head of federal nuclear siteIRVING, Texas — Engineering firm Fluor Corp. said Tuesday that Garry W.

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 19th, 2009 NetApp names Tom Georgens CEOSUNNYVALE, Calif. — Data storage company NetApp Inc.

August 13th, 2009 National Penn replaces CFOBOYERTOWN, Pa. — National Penn Bancshares Inc., which operates banks in Pennsylvania and elsewhere, said Wednesday it is replacing its chief financial officer, effective Aug.

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 30th, 2009 Siemens Q3 net profit euro1.3 billion, down 7 percentFRANKFURT — German industrial conglomerate Siemens AG said Thursday that 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 24th, 2009 GM names dozens of new execs to overseas postsNEW YORK — General Motors Co. is installing more than a dozen new executives to its international operations, as the automaker's sweeping shake-up of top management spreads overseas.

July 6th, 2009 Citi names 2 senior execs to lead Asia operationsHONG KONG — Citigroup Inc. said Monday it was naming two senior executives to lead its Asia Pacific operations after the previous head of the region resigned.

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.

June 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.

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.

April 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.