Siemens's sale lifts profit amid bribery flap
Article Abstract:
Fiscal first-quarter net profit for German electronics firm Siemens AG rose to 6.48 bil euro, due primarily to the sale of Siemens VDO Automotive to tire company Continental AG. Siemens is currently under investigation by the US Securities Exchange Commission and the Justice Department regarding bribery allegations.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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Siemens shakes up Norway division
Article Abstract:
Norway's economic crimes police have assessed a fine totaling 9 mil kroner against the Norwegian unit of German firm Siemens AG for defrauding the military. The fraud involves providing illegal trips for military personnel. The firm can either accept paying the fine or challenge the allegations in court.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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