The New York Times-20080125-Germany- Siemens Gains On Asset Sale- -Brief-

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Germany: Siemens Gains On Asset Sale; [Brief]

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Siemens, the German industrial conglomerate, said its first-quarter profit climbed, bolstered significantly by a one-time gain on the sale of assets. The head of Siemens's supervisory board also said regulators in the United States have agreed to hold settlement talks over reports that Siemens had violated United States law in the United Nations oil-for-food program for Iraq. The company, whose products include turbines and telecommunications equipment, said it earned 6.48 billion euros ($9.44 billion) in the three months that ended Dec. 31, up from 788 million euros a year earlier.