Alcoa beats forecast for 1st quarter

NEW YORK, April 8 (UPI) -- U.S. industrial bellwether Alcoa Inc. Monday beat forecasts with higher profits on lower revenues in the first quarter.

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Obama meetings focus on immigration reform

WASHINGTON, Feb. 5 (UPI) -- U.S. President Obama's meetings with two groups Tuesday were to focus on getting a bipartisan immigration reform bill passed this year, the White House said.

Alcoa to cut 13,500 jobs

PITTSBURGH, Jan. 7 (UPI) -- U.S. industrial giant Alcoa Inc. said it would reduce smelting output 18 percent and close out 13,500 jobs due to the economic downturn.

Siemens names first outsider as CEO

MUNICH, Germany, May 21 (UPI) -- German engineering giant Siemens AG hired an outsider from the pharmaceutical industry to run the scandal-scarred company starting July 1.

Siemens sued for alleged anti-union payoff

MUNICH, Germany, April 2 (UPI) -- Germany's IG Metall trade union said Monday it filed a lawsuit against Siemens AG alleging the engineering giant financed a rival union to undermine IG.

Report: Siemens set to buy UGS for $3.5B

PLANO, Texas, Jan. 24 (UPI) -- Siemens AG is poised to buy software maker UGS Corp. of Texas for $3.5 billion, including assumed debt, a report said Wednesday.

Siemens brass gives $45M to hardship fund

FRANKFURT, Germany, Oct. 2 (UPI) -- Top managers at Germany's Siemens AG canned 30 percent raises over concern for the future of 3,000 jobs at its former cell phone subsidiary.

Siemens sponsors young global scientists

MUNICH, Germany, June 23 (UPI) -- Young scientists from China, India, Russia, the United States and Europe will be meeting Nobel laureates in chemistry, thanks to Siemens.

Nokia, Siemens telecom deal shakes market

WASHINGTON, June 19 (UPI) -- The global telecom industry is heating up further as Finnish mobile giant Nokia and Germany's electronics group Siemens announced over the weekend that they wil
SHIHOKO GOTO, UPI Senior Business Correspondent

Siemens gets Chinese bullet train contract

BEIJING, Nov. 14 (UPI) -- Germany's Siemens AG and a partner will supply 60 high-speed trains for China, Xinhua reported Monday.

Siemens to cut jobs in Germany

MUNICH, Germany, July 29 (UPI) -- German technology giant Siemens will likely lay off several thousand people to combat dwindling sales.

Klaus Kleinfeld (born November 6, 1957 in Bremen, Germany) was chief executive officer (CEO) of Siemens AG from 2005 until July 2007.

On April 25, 2007, Siemens AG distributed a press release announcing that Kleinfeld was not available for a renewal of his contract. This was preceded by the supervisory board's indecisiveness in light of the ongoing corruption investigations at Siemens.

Displeased by this decision, Kleinfeld announced that he would leave his position by September 30, 2007.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Klaus Kleinfeld."
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