Siemens new CEO starts with poor Q3, VDO sale

(Reuters) - Siemens posted a rise in new orders well below that reported by rivals in a booming infrastructure market and operating profit that missed market expectations by far, only partly due to negative equity related to its NSN telecoms joint venture.




The industrial group said it would sell VDO to Continental for 11.4 billion euros and acquire U.S. diagnostics company Dade Behring for about $7 billion to bolster its medical unit.


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Continental earnings rise on international demand

(Reuters) - Excluding a one-time charge related to the settlement of a pilot pension plan, Continental posted earnings of $2.10 cents per share, beating Wall Street expectations of $1.84, according to Reuters Estimates.




Operating revenue rose 5.8 percent to $3.71 billion as yield -- a measure of average ticket prices -- rose 1.5 percent and capacity increased 4.7 percent.


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Continental bid for VDO nears 11 bln eur - source

(Reuters) - Continental declined comment.



Private equity firm The Blackstone Group with its U.S. car parts unit TRW Automotive Holdings Corp are also set to bid for VDO, people familiar with the matter have said.


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Continental Air shares rally on revenue gain

(Reuters) - If the gains hold out until the market closes, it will have been the biggest one-day gain for Continental since November.




"We view this unexpected strength as sufficient not only to potentially boost Continental consensus estimates but legacy equities as well," said JP Morgan airline analyst Jamie Baker.


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