Siemens AG and Alstom SA both reported earnings that missed estimates on charges for large infrastructure projects and reorganizations, highlighting the pitfalls of Europe’s biggest engineering company bidding for the energy business of its smaller French rival.
Vodafone Group Plc Chief Executive Officer Vittorio Colao was under shareholder pressure to sell assets when he took over after his predecessors’ decade-long takeover binge. This week, he showed that his patience paid off.
As General Electric Co. tries to grow in Siemens AG’s regional turf with a $17 billion offer for Alstom SA’s energy unit, Europe’s largest engineering company wants to move the battleground back across the pond.
Deutsche Bank AG co-Chief Executive Officers Anshu Jain and Juergen Fitschen, less than four months after taking over from Josef Ackermann, may be preparing the largest revamp at Europe’s biggest bank in eight years.
As Siemens AG supervisory board representatives met over the weekend to discuss the ouster of Chief Executive Officer Peter Loescher, his successor traveled 110 miles to his home Bavarian village of Arnbruck to celebrate the arrival of a new fire truck.
BASF SE Chief Executive Officer Kurt Bock pushed through a bid for Pronova BioPharma ASA by boosting his offer by 8 percent. He has the backing of investors as the extra cost is a fraction of the $10.5 billion in cash probably generated by BASF last year.
Nokia Oyj Chief Executive Officer Stephen Elop, seeking to stem market-share losses to cheap Android smartphones and unbranded handsets, will get his first opportunity tomorrow to win back Asian customers.