Theo Kitz News
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Siemens AG, which is planning an initial public offering of lighting unit Osram, will consider distributing proceeds from the share sale to investors as it shies away from pricey acquisitions, Chief Financial Officer Joe Kaeser said in an interview.
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E.ON AG agreed to sell its 3.5 percent stake in OAO Gazprom , the world’s biggest gas producer, for 3.4 billion euros ($4.5 billion) to cut debt.
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E.ON AG and RWE AG , Germany’s two biggest operators of atomic plants, will pay the price for Chancellor Angela Merkel ’s about-face on nuclear power when they become liable for all their carbon emissions in 2013.
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Chancellor Angela Merkel’s Cabinet backed a tax on nuclear power-plant operators, shunning utilities and German industry as the government holds to budget cuts it says are needed to protect the euro.
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The German government stands by its plans to impose a windfall levy on utilities for any extension of the operating life of nuclear plants as well as a 2.3 billion-euro ($2.9 billion) fuel tax, a coalition lawmaker said.
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Infineon Technologies AG could make larger acquisitions and spend as much as 2.5 billion euros ($3.1 billion), Chief Financial Officer Marco Schroeter said.
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SAP AG, the world’s largest maker of business-management software, forecast operating profit will surge as much as 16 percent this year on rising technology spending in the U.S. and emerging markets.
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Oracle Corp. won a $1.3 billion jury verdict against rival SAP AG , the world’s largest maker of business application software, for copyright infringement by a now-defunct software maintenance unit.
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Siemens AG Chief Executive Officer Peter Loescher may strive to hand investors the same reliability as its power-plant turbines and trains.
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E.ON AG’s $6.7 billion sale this week of a U.S. gas and power unit heralds the May 1 arrival of Johannes Teyssen as the company’s chief executive officer. His mandate: sell more assets and cut costs.
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