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Costly blunders weigh on Siemens profits

Wednesday, January 23, 2013

WN.com - Music News
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Costly blunders weigh on Siemens profits
Jan 23rd 2013, 10:31

The German engineering giant Siemens has has lost ground to US rival General Electric after a substantial fall in quarterly profit. However, a drive to improve performance is well under way, its CEO ascertains. Siemens net profit dropped by 12 percent to 1.2 billion euros ($1.6 billion) in its fiscal first...
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