Siemens Share News

German industrial giant Siemens on Tuesday launched an urban development project worth 4.5 billion euros ($4.8 billion) in the area of Berlin known as Siemensstadt, where the company enjoyed its pre-war heyday.

Siemens Energy's troubled wind division Siemens Gamesa is planning to cut 4,100 jobs, or around 15% of its staff, the unit's CEO Jochen Eickholt said in an internal letter to staff seen by Reuters.

The designated boss of Siemens Energy's troubled wind turbine division will review whether onshore product cycles should be longer, suggesting that current development time may be too short.

Siemens Aktiengesellschaft (OTCPK:SIEGY) Q2 2024 Earnings Conference Call May 16, 2024 3:30 AM ET Company Participants Tobias Atzler - IR Roland Busch - President & CEO Ralf Thomas - CFO Conference Call Participants James Moore - Redburn Alexander Virgo - Bank of America Merrill Lynch Andre Kukhnin - UBS Max Yates - Morgan Stanley Simon Toennessen - Jefferies Gael de-Bray - Deutsche Bank Operat...

A GLOBAL LEADER IN ELECTRIC MOTORS AND LARGE DRIVES NEW YORK , May 16, 2024 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today that, through a newly formed affiliate, it has signed a definitive agreement to acquire Innomotics GmbH ("Innomotics" or the "Company") from Siemens AG ("Siemens") (XTRA: SIE) for an enterprise value of €3.5 billion. Completion of the transaction is expect...

Siemens stock is trading right around an official buy point.

Siemens AG's pension fund has cut its stake in Siemens Energy by nearly 3%, a filing showed on Tuesday.

The Mag Seven stocks have powered gains in the U.S. market. Now, the hunt is on for an equivalent group of outperformers elsewhere.