|Bid||125.08 x 100000|
|Ask||125.13 x 100000|
|Day's Range||125.00 - 126.15|
|52 Week Range||86.85 - 133.39|
|PE Ratio (TTM)||17.65|
|Dividend & Yield||3.88 (2.75%)|
|1y Target Est||N/A|
Canadian plane and train maker Bombardier Inc, the rail industry's fifth-largest signaling player by market share, expects to grow that business on higher demand for infrastructure projects, a transportation executive said on Monday. Signaling, used to direct railway traffic, currently generates about 15 percent of Bombardier Transportation's revenues, but it has accounted for double-digit growth over the last five years, outpacing the market, division president Laurent Troger said in an interview. Signaling is required for rail infrastructure projects which are increasingly being expanded or developed globally.
BERLIN (AP) — German industrial conglomerate Siemens AG says it's cutting or outsourcing 2,700 jobs as part of efforts to modernize its IT operations and increase efficiency elsewhere.
Siemens (SIEGn.DE) announced plans on Thursday to cut 1,700 jobs in Germany, or around 1.5 percent of the workforce in its home country, and transfer another 1,000 positions as part of an efficiency drive. It will reshuffle its enterprise IT business, consolidate storage sites at its Digital Factory division, cut jobs at its Mobility business and bundle its training centers, it said in a statement. Chief Executive Joe Kaeser has been seeking to improve the group's profitability by selling a number of consumer businesses, stripping out layers of management and making large acquisitions in industrial software and energy.