Siemens CEO brushes off concern over oil price slide

FRANKFURT (Reuters) - Siemens Chief Executive Joe Kaeser sought to calm concern that a slide in prices would hurt an oil and gas business on which the German engineering group has spent billions of euros. Kaeser, who took the helm in a boardroom coup last year, splashed out $7.6 billion (4.8 billion pounds) in September to buy U.S. oilfield equipment maker Dresser-Rand, paying a relatively high price to beef up the group's presence in the U.S. shale oil and gas industry. ...