UPDATE 3-Siemens promises changes after weak Q3, VDO sale

(Reuters) - FRANKFURT, July 25 - Siemens' new chief
executive promised speedy and far-sighted changes after
announcing an 11.4 billion euro disposal, a $7
billion acquisition and weak quarterly results on Wednesday.




Shares in the German group plunged 7 percent after Siemens
disappointed on both top and bottom lines with its third-quarter
results. It gave no clear reasons after rivals General Electric
and Alstom reported booming demand.


Read more at Reuters.com Market News

Dade Behring quarterly net earnings rise

(Reuters) - CHICAGO, July 25 - Dade Behring Holdings Inc. , which has agreed to a bid from Siemens AG for $77 per share, said on Wednesday quarterly net earnings rose on demand for its laboratory equipment. Second-quarter net income was $50.3 million, or 61 cents per diluted share, compared with $37.6 million, or 43 cents per diluted share, a year before, the Deerfield, Illinois-based company said. Quarterly revenue rose 8.2 percent from a year ago to $481 million.



Wall Street analysts on average had forecast 47 cents a share, according to those polled by Reuters Estimates.


Read more at Reuters.com Market News

Siemens in talks with Areva over Framatome stake

(Reuters) - German industrial conglomerate Siemens has a 34 percent
stake in Framatome. French state-controlled nuclear group Areva
has an option until 2011 to buy Siemens out.




Asked whether it was to be expected that Areva would
exercise its option, Voges said: "That's it."


Read more at Reuters.com Mergers News

Germany's DAX Index Falls for Fifth Day; Munich Re, Allianz Shares Slide

(Bloomberg) -- Germany's DAX Index dropped, set to
complete a full week of losses, on concern that interest rates
may keep rising. Shares of Munich Re, Allianz SE and Siemens AG
paced the retreat.

The DAX Index slid 83.51, or 1.1 percent, to 7535.10 as of
11:35 a.m. in Frankfurt. The measure has tumbled 5.8 percent in
the past five days, heading for the biggest weekly loss since
September 2003. The HDAX Index of the country's 110 biggest
companies decreased 1.2 percent today. DAX futures expiring in
June lost 95.5, or 1.3 percent, to 7520.5.


Read more at Bloomberg Stocks News