By agreeing to the record fines, the German engineering conglomerate closes the book on wide-ranging criminal investigations in the United States and Germany.


Moving a step toward closing a dark chapter in a corruption scandal, Siemens agreed to pay authorities in the U.S. and Europe more than $1.3 billion in fines.


Siemens, the German industrial conglomerate, reported a huge quarterly loss as it wrote off the cost of shedding its troubled business telecommunications unit.


PARIS — Siemens, the German industrial conglomerate, on Thursday reported a huge quarterly loss as it wrote off the cost of shedding its troubled business telecommunications unit.


For many years, corruption was extensive at Siemens. It is Peter Y. Solmssen’s task to root it out.


For many years, corruption was extensive at Siemens. It is Peter Y. Solmssen’s task to root it out.


Siemens, the German conglomerate, said it had struck a deal with the German utility E.On to build 500 wind turbines for planned projects in Europe and the United States.


Siemens said it plans to sue two former chief executives and nine other ex-executives for what it considered supervisory failings in a scandal that has cost the company millions in fines and damaged its reputation.


A German court convicted a former manager at Siemens of misuse of funds in the first verdict stemming from a bribery scandal at the company.


A German court convicted a former manager at Siemens of misuse of funds, in the first — but probably not the last — verdict stemming from a bribery scandal.


 
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