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Posted AT 7:33 AM EST on 13/11/08

Siemens loses €2.4-billion

The Associated Press

FRANKFURT — Industrial conglomerate Siemens AG on Thursday reported a net loss of €2.4-billion for its fourth quarter, weighed down by large one-time charges including costs related to a bribery investigation. The Munich-based company said its loss deepened from a year-ago loss of €74-million largely due to a €1.

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