Siemens names Kleinfeld as successor to von Pierer: new CEO is a cost cutter, and the move may signal more streamlining to come

Article Abstract:

The appointment of Klaus Kleinfeld as Siemens AG's new chief executive officer is expected to generate more cost-cutting measures despite the firm's solid financial performance. His predecessor, Heinrich von Pierer, has drawn criticism for staying with the firm's conglomerate structure.

ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Financial management, Executive changes & profiles, Cost Control Techniques, Officials and employees, Finance, Appointments, resignations and dismissals, Electronics industry, Chief executive officers, Siemens AG, Company financing, Cost control, Cost reduction, Kleinfeld, Klaus

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Paris looks to U.S.-on bankruptcy

Article Abstract:

The government of France wants to loosen its stringent bankruptcy laws. This is in order to give struggling firms a better chance of surviving. Currently, it is very difficult for companies to emerge out of bankruptcy once proceedings have begun.

Legal issues & crime, Government regulation (cont), Government regulation, Bankruptcy Law, Other Justice, Public Order, and Safety Activities, Legal/Government Regulation, Laws, regulations and rules, Bankruptcy, Company bankruptcy

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French, German firms seek Iraq jobs

Article Abstract:

An increasing number of companies in France and in Germany are attempting to win rebuilding contracts in Iraq. However, there are concerns that the U.S. will ban countries that opposed its invasion of Iraq from any such projects.

United States, Contracts & orders received, Iraq, Contracts & orders let, Contracts, Contract agreement, Construction contracts, Postwar reconstruction

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