European Technology, Media and Telecoms Correspondent
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Oct 13, 2014

Self-publishing never easier but money, glory scarce

FRANKFURT, Oct 13 (Reuters) – For any author frustrated by
rejections from publishing houses or wanting to cut out the
middle man, there has never been an easier or cheaper time to
self-publish.

A host of free self-publishing platforms offered by Amazon
, Apple and specialists like Smashwords have
created new opportunities and a huge market for both unknown
hopefuls and a few established writers.

Oct 8, 2014

FDA crackdown hurts Gerresheimer’s U.S. business

FRANKFURT, Oct 8 (Reuters) – German drugs packaging firm
Gerresheimer trimmed its outlook on Wednesday, saying
a regulatory crackdown on its pharmaceutical customers was
hurting its U.S. business.

It said some of its customers had halted manufacturing in
the United States over the summer to revamp their plants to
comply with warnings from the Food and Drug Administration
(FDA).

Oct 2, 2014

Cevian picks ex-Metro boss Cordes for Bilfinger board

FRANKFURT (Reuters) – Activist investor Cevian named Eckhard Cordes, a former executive at carmaker Daimler and retailer Metro, as its second representative on the supervisory board of German construction group Bilfinger (GBFG.DE: Quote, Profile, Research, Stock Buzz), in which it is the top shareholder.

The chairman of the German company, Herbert Walter, will step down after 16 years on the board to make room for Cordes, Bilfinger said, following the resignation of Roland Koch as chief executive in August amid a series of profit warnings.

Sep 29, 2014

Sawiris says still interested in Telecom Italia

FRANKFURT, Sept 29 (Reuters) – Egyptian tycoon Naguib
Sawiris would invest in Telecom Italia as long as the
company kept its stake in Brazilian mobile operator TIM
Participacoes, he said on Monday, as foreign bid
interest picks up in the struggling operator.

“We have not lost interest,” said Sawiris, who had a 3
billion euro ($3.8 billion) offer to buy a stake in Telecom
Italia rejected in 2012.

Sep 22, 2014

Siemens splurges $7.6 billion on Dresser-Rand in U.S. shale market bet

FRANKFURT (Reuters) – Germany’s Siemens AG has agreed to buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion (4.6 billion pounds) in cash, paying a relatively rich price to belatedly beef up its presence in the U.S. shale oil and gas industry.

The acquisition, which ranks among the biggest in the history of the industrial group, will strengthen Siemens’ position in the United States, its weakest region, and bring it nearer catching up with rival General Electric Co.

Sep 22, 2014

Siemens splurges $7.6 bln on Dresser-Rand in US shale market bet

FRANKFURT, Sept 22 (Reuters) – Germany’s Siemens AG
has agreed to buy U.S. oilfield equipment maker
Dresser-Rand Group Inc for $7.6 billion in cash, paying
a relatively rich price to belatedly beef up its presence in the
U.S. shale oil and gas industry.

The acquisition, which ranks among the biggest in the
history of the industrial group, will strengthen Siemens’
position in the United States, its weakest region, and bring it
nearer catching up with rival General Electric Co.

Sep 22, 2014

Siemens to buy Dresser-Rand to tap U.S. shale gas boom

FRANKFURT, Sept 22 (Reuters) – Germany’s Siemens
has agreed to buy U.S. oilfield equipment maker Dresser-Rand
for $7.6 billion in cash, aiming to catch up with
arch-rival General Electric in a booming U.S. shale gas
market.

The acquisition, which ranks among the biggest in the
history of the German industrial group, will strengthen Siemens’
position in the United States, its weakest region, and focus the
group more tightly on its industrial customers.

Sep 18, 2014

Bayer reshapes with plan to list plastics unit

FRANKFURT (Reuters) – Germany’s Bayer plans to list its less profitable plastics business on the stock market in a deal that could value the division at around 10 billion euros ($13 billion) as it seeks to focus entirely on healthcare and crop science.

News of the planned spin-off of the MaterialScience unit, which has a core profit margin of 9.5 percent compared with the group’s 20.9 percent, lifted Bayer shares to a record high. It follows a wider healthcare industry trend to streamline operations.

Sep 4, 2014

Bilfinger shakes investor trust with third profit warning

FRANKFURT, Sept 4 (Reuters) – German industrial services and
construction company Bilfinger said it was
“reasonably” sure it could meet new profit forecasts after
cutting them for a third time in two months because of weak
power markets, driving its shares down 11 percent.

Bilfinger said a reorganisation designed to reduce the
company’s exposure to price wars in the construction market had
resulted in internal disarray that compounded the effect of
weakened demand for its services from struggling utilities.

Sep 3, 2014

Bilfinger warns on profit again after CEO exit

FRANKFURT (Reuters) – German industrial services and construction group Bilfinger on Wednesday issued its third profit warning since the end of June, saying it had reevaluated risks and opportunities since its chief executive quit in August.

Bilfinger, whose ex-Chief Executive Officer Roland Koch had orchestrated an ill-timed reshuffle at Bilfinger away from civil engineering and construction in favor of higher-margin industrial services, slashed its forecasts for full-year operating and net profit.

    • About Georgina

      "Currently based in London, with particular responsibility for professional publishers and the European activities of global technology, media and telecoms firms. Previously European technology correspondent based in Frankfurt. Began career in local radio in Glasgow and then worked in TV news for many years for Reuters, the BBC and Sky News in London and Moscow."
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