Siemens' supervisory board head Jim Hagemann Snabe will be elected for additional two years in his role at the annual general meeting in February, the German conglomerate said in a statement on Wednesday.
The Spanish government has moved to support Siemens Energy's wind turbine division, Siemens Gamesa, as part of a 1.2 billion euro ($1.31 billion) guarantee facility, Spanish export credit insurance agency Cesce said on Monday.
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.
Investors interested in Industrial Services stocks are likely familiar with Siemens AG (SIEGY) and Ashtead Group PLC (ASHTY). But which of these two companies is the best option for those looking for undervalued stocks?
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.
Investors interested in stocks from the Industrial Services sector have probably already heard of Siemens AG (SIEGY) and Ashtead Group PLC (ASHTY). But which of these two stocks is more attractive to value investors?