CEO of Siemens AG, Peter Loescher, right, and CFO Joe Kaeser attend a press conference in Munich, Germany, Monday Jan. 24, 2012. Industrial equipment maker Siemens AG said Tuesday that net profit fell... more 
CEO of Siemens AG, Peter Loescher, right, and CFO Joe Kaeser attend a press conference in Munich, Germany, Monday Jan. 24, 2012. Industrial equipment maker Siemens AG said Tuesday that net profit fell 17 percent to 1.46 billion euro ( US $ 1.89 billion) in the final quarter of 2011 due to delays in major wind-power and rail projects, and as the uncertain global economic outlook hurt orders. Chief executive officer Peter Loescher said the result showed that troubles on financial markets from Europe's debt crisis "have left their mark on the real economy" through weaker demand. (AP Photo/dapd Joerg Koch) less 
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Associated Press | Photo By dapd Joerg Koch
Tue, Jan 24, 2012 5:32 AM EST