JP Morgan on Monday reiterated its Neutral rating and price target of $99.69 on Siemens AG (ADR) (OTCMKTS:SIEGY) stock, after Dresser-Rand Group Inc. (NYSE:DRC) reported poor fourth-quarter (4Q) results on Friday.
Effective as of March 15, 2015, Willi Meixner (50) will be appointed as the CEO of the Power and Gas Division as the successor to Roland Fischer (52), who left Siemens at his own request. Up to now, Meixner served as the CEO of the Distributed ...
Siemens AG Chief Executive Officer Joe Kaeser said last year that Siemens needs to cut jobs as he seeks to slash about 1 billion euros ($1.34 billion) in costs by creating a leaner divisional structure and simplifying regional operations.
Germany's Siemens AG (ADR)(OTCMKTS:SIEGY) informed that it is in the process of investigating a media report that stated company boosted its sales figures in healthcare equipment segment in China by boasting fake contracts.
As per KLAS report, Siemens AG (ADR) (OTCMKTS:SIEGY) healthcare is one of the preferred vendors in partnership deals. The healthcare executives have ranked the company above all other imaging vendors, stating it as' first choice as a partner.