Siemens posts declining profit of €1.26bn as Kaeser takes over

Siemens, which manufactures wind turbines and other renewable technologies, has reported a declining profit of €1.26bn for third quarter 2013, down from €1.81bn at the same time in 2012, assigning Joe Kaeser as the new president and CEO in an attempt to steer the business towards greater profitability.

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