Article archive for Siemens AG;
Siemens’ Industry Automation Division has equipped its Simatic S7 F Systems engineering tool with functions for safety-related applications in the process industry. The software version V6.1 features a "Maintenance Override" function for maintenance operations....
The Securities and Exchange Commission (SEC) has announced an unprecedented settlement with Siemens to resolve SEC charges that the company violated the Foreign Corrupt Practices Act (FCPA) by engaging in a systematic practice of paying bribes to foreign government officials to obtain business. The SEC alleges that Siemens paid bribes on such widespread transactions as the design and construction of metro transit lines in Venezuela, power plants in Israel, and refineries in Mexico. ...