Siemens Announces €1 Billion Reserve
Siemens AG said yesterday that it has reserved €1 billion in fiscal 2008 “in connection with the settlement being sought by the company and with authorities in Germany and the United States.”… Continue Reading
Siemens AG said yesterday that it has reserved €1 billion in fiscal 2008 “in connection with the settlement being sought by the company and with authorities in Germany and the United States.”… Continue Reading
€1.3 Billion In Questionable Payments Have Been Found; Investigations Involve Multiple Divisions and Countries; Oil-For-Food Program Is Also Involved
Siemens AG’s November 8, 2007 earnings release for Fiscal Year 2007 and a separate document called “Legal Proceedings” disclosed the most comprehensive information yet about corruption prosecutions and ongoing investigations involving the German industrial conglomerate.… Continue Reading