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Nov 13, 2014

European space probe marooned in comet’s shadows

FRANKFURT (Reuters) – A probe that landed on a comet in a first for space exploration has ended up in the shadow of a cliff, about a kilometer (0.6 miles) from its intended resting place, the European Space Agency (ESA) said on Thursday.

The lander, named Philae, was released from its mothership Rosetta on Wednesday as it orbited comet 67P/Churyumov-Gerasimenko, in the climax of a 10-year mission for the ESA.

Nov 12, 2014

European probe lands on comet, but fails to anchor down

BERLIN/FRANKFURT, Nov 12 (Reuters) – The European Space
Agency landed a probe on a comet on Wednesday, a first in space
exploration and the climax of a 10-year-odyssey, but an
anchoring system problem may hamper planned investigations into
the origins of Earth and the solar system.

The 100-kg (220-pound) lander – virtually weightless on the
comet’s surface – touched down on schedule at about 1600 GMT
after a seven-hour descent from its orbiting mothership Rosetta,
now located a half-billion kilometres (300 million miles) from
Earth.

Nov 12, 2014

Moment of truth in Europe’s ten-year mission to explore a comet

BERLIN/FRANKFURT, Nov 12 (Reuters) – European scientists
will on Wednesday make the first-ever attempt to land a probe on
the surface of a comet, the most nail-biting stage of a ten-year
mission to find out more about these time-capsules of the
universe.

The European Space Agency early on Wednesday gave the final
go-ahead for the Rosetta spacecraft, which has been orbiting
comet 67P/Churyumov-Gerasimenko since August, to jettison a
lander to collect samples from the surface.

Aug 20, 2014

Infineon agrees to buy Int’l Rectifier for $3 billion in cash

MUNICH/FRANKFURT (Reuters) – Merger-shy German chipmaker Infineon has agreed to buy California-based International Rectifier for about $3 billion in cash, Infineon said on Wednesday, in its biggest-ever acquisition.

Terms call for it to pay $40 per share for the U.S. company, a maker of power-management circuits used in everything from computers to appliances, automobiles, lighting and aircraft.Shares of International Rectifier rose as high as $39.50 following the news. At 1800 GMT, the stock was trading at $39.06, a gain of $12.51 or 47 percent on the day on the New York Stock Exchange.

Aug 20, 2014

Infineon agrees to buy International Rectifier for $3 billion in cash

MUNICH/FRANKFURT (Reuters) – Merger-shy German chipmaker Infineon has agreed to buy California-based International Rectifier for about $3 billion (1.81 billion pounds)in cash, Infineon said on Wednesday, in its biggest-ever acquisition.

Terms call for it to pay $40 per share for the U.S. company, a maker of power-management circuits used in everything from computers to appliances, automobiles, lighting and aircraft.Shares of International Rectifier rose as high as $39.50 following the news. At 7:00 p.m. BST (1800 GMT), the stock was trading at $39.06, a gain of $12.51 or 47 percent on the day on the New York Stock Exchange.

Aug 12, 2014

Henkel sees turmoil in Russia, currency markets, hurting growth

FRANKFURT, Aug 12 (Reuters) – German consumer goods group
Henkel forecast a tough six months ahead with
political turmoil in Russia, its fourth-largest market, and
volatile exchange rates hurting sales.

Chief Executive Kasper Rorsted said he expected growth in
earnings per share to slow in the second half of 2014 after the
company posted a 3.5 percent decline in second quarter sales.

Aug 6, 2014

Spacecraft Rosetta catches up to comet after 10-year chase

FRANKFURT (Reuters) – European spacecraft Rosetta became the first ever to catch up with a comet on Wednesday, a landmark stage in a decade-long space mission that scientists hope will help unlock some of the secrets of the solar system.

Rosetta, launched by the European Space Agency (ESA) in 2004, will accompany comet 67P/Churyumov-Gerasimenko on its trip around the sun and land a probe on it later this year in an unprecedented maneuver.

Aug 5, 2014

Siemens sells hospital IT business to Cerner for $1.3 bln

FRANKFURT, Aug 5 (Reuters) – German engineering group
Siemens plans to sell its hospital IT business to
Cerner Corp, a U.S. provider of healthcare IT services,
for $1.3 billion in cash, the two companies said late on
Tuesday.

The deal comes as Siemens Chief Executive Joe Kaeser seeks
to focus the group, Germany’s second-biggest company by market
value, on its most promising businesses to close a gap with more
profitable competitors such as Switzerland’s ABB and
U.S.-based General Electric.

Jul 31, 2014

Siemens CEO needs more time to fix energy business issues

FRANKFURT (Reuters) – Siemens AG will need more time to shake off problems at its energy business that have weighed on profits, its chief executive said on Thursday, indicating investors hoping for a fast improvement will have to be patient.

The company reported consensus-missing core profit for its financial third quarter. “There is no quick fix for this (energy business) matter,” CEO Joe Kaeser told analysts and reporters.

Jul 31, 2014

x/UPDATE 3-Siemens CEO needs more time to fix energy business issues

FRANKFURT, July 31 (Reuters) – Siemens AG will
need more time to shake off problems at its energy business that
have weighed on profits, its chief executive said on Thursday,
indicating investors hoping for a fast improvement will have to
be patient.

The company reported consensus-missing core profit for its
financial third quarter. “There is no quick fix for this (energy
business) matter,” CEO Joe Kaeser told analysts and reporters.