Siemens Energy Drops on Reports of Federal Guarantee Talks.

(Bloomberg) -- Siemens Energy AG shares fell following reports that the company is in talks with the German government to secure billions of euros in state guarantees as it struggles to shore up its troubled wind-turbine unit. The company doesn't have acute liquidity problems, but Siemens AG, which owns roughly a quarter of Siemens Energy, doesn't want to provide further backstops, according to German magazine Spiegel, which reported on the government discussions earlier. [Extracted from the article]