Germany warn Siemens on Libya atomic deal - paper

(Reuters) - Germany's Environment Ministry and opposition Greens party have warned Siemens not to take part in a planned French nuclear deal with Libya, Handelsblatt reported.

French President Nicolas Sarkozy signed a memorandum of understanding for a nuclear energy deal with Libya during a visit there last week.


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German Stocks Decline, Led by Deutsche Bank, Allianz; Volkswagen Rises

(Bloomberg) -- Germany's benchmark DAX Index
dropped for a fourth day, paced by Deutsche Bank AG,
Commerzbank AG and Allianz SE, on mounting concern financing
difficulties may cloud the outlook for mergers and takeovers.

Volkswagen AG advanced after the carmaker's first-half
profit beat analysts' expectations. Siemens AG also climbed.


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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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Tellabs shrs jump on report of Nokia Siemens offer

(Reuters) - HELSINKI/NEW YORK, July 23 - Shares of Tellabs Inc. surged 19 percent on Monday after a financial news Web site reported the U.S. telecommunications equipment maker was entertaining a $7 billion bid by a joint venture of Nokia Oyj and Siemens AG .



TheStreet.com said Nokia Siemens Networks [NSN.UL] was offering about $16 to $17 a share for Tellabs, citing a source familiar with the deal.


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U.S. Stock-Index Futures Are Little Changed; Merck Advances in Europe

(Bloomberg) -- U.S. stock-index futures were little
changed before companies including Merck & Co., the third-largest
U.S. drugmaker, and American Express Co. report earnings.

Shares of Merck rose in Germany, while American Express
didn't trade in Europe. Tellabs Inc. surged after Thestreet.com
said Nokia Siemens Networks may bid for the maker of equipment
for phone and Internet systems. Pharmaceuticals company Schering-
Plough Corp. declined.


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Being German may be key to Continental getting VDO

(Reuters) - A deal would transform the German car parts group, eclipsing
its 1998 Teves purchase that helped turn the world's No. 4
tyremaker into a leading high-margin electronic brakes supplier.
All Wennemer has to do is persuade Peter Loescher, the new
Siemens CEO, to abandon plans to float VDO and bury any thought
of a sale to TRW Automotive Holdings and its owner, The
Blackstone Group , for a reported 12 billion euros.




But first Wennemer may need to change his spots.


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Russia's Mordashov eyes Power Machines buy -media

(Reuters) - Germany's Siemens holds 25 percent plus one share
in Power Machines and had sought to buy control in the firm, but
Russian authorities blocked the deal citing national security
reasons.




Russia's former power monopoly UES also holds 25
percent in Power Machines, which has market value of $1.2
billion.


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Germany's DAX Index Increases; E.ON, Siemens, Bayer Lead Gaining Shares

(Bloomberg) -- German stocks advanced, led by E.ON
AG, Siemens AG and Bayer AG.

The benchmark DAX Index rose 77.52, or 1 percent, to 7758.28
as of 9:06 a.m. in Frankfurt. The HDAX Index of the country's 110
biggest companies climbed 1.1 percent.


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