FILE - In this Jan. 24, 2008 file photo flags with the company's logo fly in front of the Olympic Hall in Munich, southern Germany. Industrial conglomerate Siemens AG reported a 70 percent increase in... more 
FILE - In this Jan. 24, 2008 file photo flags with the company's logo fly in front of the Olympic Hall in Munich, southern Germany. Industrial conglomerate Siemens AG reported a 70 percent increase in earnings for the April-June period, but the figures released Thursday, July 26, 2012 fell short of expectations and the company said that reaching its full-year target has become "clearly more ambitious" as the global economy's troubles mount. (AP Photo/Diether Endlicher, file) less 
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Associated Press | Photo By Diether Endlicher, file
Thu, Jul 26, 2012 6:47 AM EDT