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Tuesday, February 9, 2010
News Making Money

Siemens increases number of patents by 10% to 55,000

02/12/2008 05:35 (434 Day 15:22 minutes ago)

The FINANCIAL -- In fiscal 2008, Siemens increased the total number of patents it has received by 10% to 55,000. In the same period, the company’s 32,500 R&D employees filed some 8,200 invention disclosures, corresponding to 37 inventions per working day.

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These invention disclosures subsequently generated 5,000 patent applications. On December 1, 2008, Peter Löscher, CEO of Siemens AG, honored twelve outstanding employees as “Inventors of the Year” in Munich. The award winners are responsible for a total of around 800 patents. Their research covers the full range of the company’s business activities, with efficient power generation and environment protection as one of the main topics – six of the twelve inventors work in these fields.


The spectrum of award-winning inventions ranges from gearless wind turbines, new alloys for high-temperature-resistant turbine blades and better combustion in gas heating, to reduced radiation dose levels in computer tomography. “Innovation is about providing the right answers to the most pressing questions of our time,” said Siemens CEO Peter Löscher. “Our 430,000 employees worldwide – and especially our award-winning inventors – help our customers to speed up their production processes and reduce their costs, while at the same time saving resources.”

 

The “Inventors of the Year” award has been presented annually to twelve Siemens R&D employees since 1995. “Our success is based on efficient innovation management. This can only be achieved when our innovation strategy is part of our business strategy and is geared toward attractive markets with long-term growth prospects,” said Professor Hermann Requardt, CTO and CEO of the Healthcare Sector. “Siemens has always seen itself as a trendsetter that combines business strength with technological strength.“

 

“The company’s central R&D department, Corporate Technology produces an above-average proportion of initial registrations,” said Dr. Winfried Büttner, head of Siemens’ patent department.  The Industry Sector is particularly active in the patent area and has generated nearly 50% of all the company’s patents. “Siemens’ new structure is oriented towards rapidly growing markets such as renewable energy sources, integrated healthcare systems, and the digital factory of the future.  We’re deliberately strengthening our patent portfolio in these growth areas. High-quality patents give us a competitive advantage as an innovator.”

 

 

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Politics
Ex-PM Nogaideli Signs Cooperation Treaty with Russia’s Ruling Party

09/02/2010 17:09 (03:48 minutes ago)

Civil.Ge -- Georgian former PM Zurab Nogaideli’s Movement for Fair Georgia and Russia’s ruling party, United Russia, signed a cooperation agreement in MOSCOW on February 9.

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Markets
NYSE Euronext swings to profit, beats expectations

09/02/2010 14:43 (06:14 minutes ago)

The FINANCIAL -- NYSE Euronext (NYX) one of the leading global operators of financial markets and provider of innovative trading technologies, on February 9 reported net income of $172 million, or $0.66 per diluted share for the fourth quarter of 2009, compared to a net loss of  ($1,338) million, or ($5.06) per diluted share for the fourth quarter of 2008. 

INSURANCE
Zurich introduces a new combination Management and Professional Liability insurance policy

09/02/2010 12:27 (08:30 minutes ago)

The FINANCIAL -- Zurich, one of the leading property and casualty insurance providers globally and in North America, on February 8 introduced Financial Institutions Select, a new management liability/professional liability policy that reflects the needs of today’s financial institutions and includes more than 75 new coverage enhancements to respond to the current landscape of risk faced by the management of financial institutions.

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