Siemens to Shutter Solar Unit Following $1B Loss

Siemens to Shutter Solar Unit Following $1B Loss Play

June 18 (Bloomberg) -- Bloomberg News' Alex Webb reports that Siemens AG is getting out of the solar power industry, announcing plans to close its solar power unit after struggling to find a buyer following losses of at least $1 billion since 2011. He speaks on Bloomberg Television's "The Pulse."

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