Siemens

EU signals openness to bigger mergers in major rule overhaul

The European Union's top competition officials are signaling that deals helping companies scale up and innovate will receive a more favorable hearing, as Brussels moves to finalize its first overhaul of merger rules in more than two decades.

Siemens posts record profit and orders, raises guidance

Siemens reported its highest-ever quarterly industrial profit and record new orders on Thursday, beating analyst forecasts across the board and prompting the German industrial conglomerate to raise its full-year earnings guidance for the second time this fiscal year.