Siemens shares surge despite fine
Even as the EU fines Siemens $550 million for power transmission price-fixing, the company's shares are up 6 percent. The company announced that its fourth-quarter profit grew 51 percent to $2.1 million, that it will spin off its VDO auto electronics unit in an initial public offering and that it will acquire Plano, Texas-based UGS for $3.5 billion.
BusinessWeek | 01/25
This story published in USTelecom dailyLead on 01/26/2007
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