Siemens AG News
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During the Cold War, scientists working at the laboratories of the Massachusetts Institute of Technology produced ideas and inventions, such as distant early- warning radar and satellite-tracking systems, designed to help the U.S. prevail over the Soviet Union.
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Turquoise International Ltd., a London-based investor and adviser to the clean energy industry, said it’s looking for a suitor for Oceanflow Energy Ltd., a U.K. developer of tidal power technology.
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REpower Systems SE, a German unit of India’s biggest wind-turbine maker Suzlon Energy Ltd., will cut as many as 750 jobs to reduce costs and prepare the company for the wind industry’s “volatile” mid-term outlook.
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Alcatel-Lucent SA reported a fourth straight quarterly loss as its cash pile shrank by half a billion euros, pressing new Chief Executive Officer Michel Combes to complete a strategy review.
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Schaeffler AG, the family-owned industrial bearing maker that’s the biggest investor in Continental AG, is exploring an initial public offering next year in Germany, three people familiar with the matter said.
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Volkswagen AG and Francisco Javier Garcia Sanz, a member of its management board, are under investigation by German prosecutors over allegations they failed to prevent corruption at the company.
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Azura Power West Africa Ltd., a Nigerian electricity producer, plans to fund at least 70 percent of a $700 million plant in Benin City with debt from local and international markets, Chief Executive Officer David Ladipo said.
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Mainstream Renewable Power Ltd. and a unit of Siemens AG signed lease agreements to use sites off U.K. shores for as much as 1.8 gigawatts of wind power.
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The European Central Bank said euro-area countries that are currently enjoying economic growth need to prevent wages and prices from rising too quickly.
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More than half the U.S. states with laws requiring utilities to buy renewable energy are considering ways to pare back those mandates after a plunge in natural gas prices brought on by technology that boosted supply.
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