Siemens AG

EU antitrust regulators on Friday cleared with conditions Siemens Healthineers' $16.4 billion acquisition of U.S. peer Varian, paving the way for the German health group to become a world leader in cancer care therapy.

Siemens' Intelligent Traffic Systems (ITS) will now be called Yunex Traffic as the German engineering company presses ahead with plans to carve out the signaling business ahead of a potential sale.

* Shares up 1.8% (Writes through, adds detail, share price, executive comments)

Siemens expects its flagship digital industries business to increase revenues in the 6% to 10% range during the 2021 business year, Chief Financial Officer Ralf Thomas said on Wednesday.

A stronger than expected rebound in the automotive and machinery industries where customers released their pent-up demand boosted Siemens' first-quarter results, deputy CEO Roland Busch said on Wednesday.

A stronger than expected rebound in the automotive and machinery industries where customers released their pent-up demand boosted Siemens' first-quarter results, deputy CEO Roland Busch said on Wednesday.

Siemens raised its 2021 guidance on Wednesday after the German engineering company beat expectations during its fiscal first quarter citing a faster than anticipated recovery from the COVID-19 downturn in China and Germany.

Siemens Energy, which supplies turbines to the power sector, on Tuesday unveiled 7,800 job cuts by 2025 to raise margins and competitiveness.

Egypt signed a memorandum of understanding with Germany's Siemens on Thursday for construction of a $23 billion high-speed train line linking Egypt's eastern and northern coasts, the cabinet said in a statement.

Egypt is reviewing a final agreement with Germany's Siemens AG to develop a 360 billion Egyptian pound ($23 billion), 1,000-km high-speed electric railway network, Egypt's presidency said on Wednesday.

The global economy is performing much better than feared in the face of the ongoing COVID-19 pandemic, Siemens Chief Executive Joe Kaeser said on Monday, with China the main driver.

The global economy is performing much better than feared, despite the ongoing COVID-19 pandemic, Siemens Chief Executive Joe Kaeser said on Monday, citing the recovery in China as the main driver.

Siemens wants to separate its Intelligent Traffic Systems (ITS) from its mobility business and run it as separately managed company, Deputy Chief Executive Roland Busch said on Thursday.

U.S. buyout group Carlyle Group Inc is nearing an agreement to acquire Siemens AG's mechanical drive arm Flender, for about for about 2 billion euros ($2.37 billion), Bloomberg News https://bloom.bg/35ylyvj reported citing sources.

Units of Macquarie Group and Siemens AG are forming a venture named Calibrant Energy, that will invest in the emerging energy-as-a-service (EaaS) sector in the United States, according to a joint statement on Monday.

Siemens expects Siemens Energy to reach a market value of significantly more than 17 billion euros ($19.98 billion) when it floats on the Frankfurt stock exchange next week, a source close to the company said.

* Targets adjusted EBITA margin of 6.5-8.5% (Adds detail, fresh CEO quote)

* IG Metall: this is "unacceptable" (Adds IG Metall reaction)

Siemens Energy, the power division to be spun off from parent Siemens next month, is seeking to cut its production network in a bid to raise margins, a person close to the company said.