With gov’ts parceling out stimulus package, Siemens looks to boost orders for green technology

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

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 13th, 2009 WASHINGTON - The US will give up to $2.3 billion in tax credits to green manufacturers in the latest disbursement Thursday of the government's economic stimulus package. The new credits will go to manufacturers of clean energy equipment including wind, solar, geothermal energy and electric car batteries.

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 6th, 2009 NEW DELHI - The government Monday extended the economic stimulus package for the print media by six months till Dec 31. "Since the print media is still passing through difficult times, the stimulus package for the print media is being extended till December 31, 2009," Finance Minister Pranab Mukherjee said while presenting the budget for fiscal 2009-10 in the Lok Sabha.

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 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.

May 14th, 2009 Obama defends his stimulus packageRIO RANCHO, N.M. — President Barack Obama says if the government hadn't stepped in to help, the economy would have gone into a tailspin.

April 29th, 2009 Aide says Palin will OK most stimulus fundsANCHORAGE, Alaska — Alaska Gov. Sarah Palin will sign bills accepting most of the federal stimulus funds available to the state, her spokeswoman said Tuesday.

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.

February 4th, 2009 NEW DELHI - The government will come out with a 'stimulus like package' by the end of this month to help the country's corporate sector tide over the impact of the current global financial crisis, Commerce Secretary G.K. Pillai said Thursday.

December 23rd, 2008 NEW DELHI - In a bid to help the economy tackle the global financial meltdown, the government is expected to come out with its second stimulus package within the next three days, commerce Minister Kamal Nath said here Wednesday. 'We are looking at financial, some liquidity issues, export, and something to stimulate demand and realty also,' Kamal Nath told reporters.