Siemens Soars, But BenQ Nags
It has been hard to tell lately in Germany whether Siemens Chief Executive Klaus Kleinfeld is a hero or a bum. As far as the stock market was concerned on Nov. 9, he was a hero. Siemens (SI) shares rose 3% in Frankfurt and New York trading after the Munich-based electronics and engineering giant reported operating profit for its fiscal fourth quarter up 29%, to $819 million. The quarterly earnings topped off a year in which sales rose 16%, to $112 billion, amid a surge of orders from oil-rich regions such as Russia and the Middle East.
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