Peter Loescher, CEO of German industrial conglomerate Siemens, arrives for a news conference prior to the annual shareholders meeting in Munich, southern Germany, on Wednesday, Jan. 23, 2013. Siemens AG said its net earnings declined 12 percent in the October-December quarter as revenue edged slightly higher, new orders declined and the company took one-time charges — some related to the solar power business it is selling. (AP Photo/Matthias Schrader)
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