Siemens's sale lifts profit amid bribery flap

Article Abstract:

Fiscal first-quarter net profit for German electronics firm Siemens AG rose to 6.48 bil euro, due primarily to the sale of Siemens VDO Automotive to tire company Continental AG. Siemens is currently under investigation by the US Securities Exchange Commission and the Justice Department regarding bribery allegations.

Legal issues & crime, ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Company legal issue, Germany, Investigations, Electronics industry, Siemens AG

Unilever posts revenue lift after raising prices

Article Abstract:

Fourth-quarter net profit for UK consumer products firm Unilever Group dropped 65% compared to last year, when it received a gain from selling its European-based frozen foods division. However, sales rose after a price increase. Profit dropped to 721 mil euro, but revenue increased 1.7% to reach 9.89 bil euro.

Unilever net rises 37%, aided by emerging markets

Article Abstract:

Third-quarter net profit for UK consumer goods company Unilever Group rose 37% to $1.46 bil, due primarily to growth in emerging markets such as China and India, which helped offset declines in the Americas and in Europe. Revenue rose 1%.