SIEMENS PAYS UPSIEMENS PAYS UPForking fork n. 1. A utensil with two or more prongs, used for eating or serving food. 2. An implement with two or more prongs used for raising, carrying, piercing, or digging. 3. a. over legal penalties of more than $1.6 billion isn't is·n't Contraction of is not. isn't is not isn't be usually reason to celebrate, but top executives at Siemens were visibly relieved on Dec. 15 when they unveiled a settlement with U.S. and German authorities on far-ranging bribery bribery Crime of giving a benefit (e.g., money) in order to influence the judgment or conduct of a person in a position of trust (e.g., an official or witness). Accepting a bribe also constitutes a crime. charges. The record haircut Haircut 1. The difference between prices at which a market maker can buy and sell a security. 2. The percentage by which an asset's market value is reduced for the purpose of calculating capital requirement, margin, and collateral levels. Notes: 1. could have been worse, considering the scale of the payoffs--$1.36 billion from 2001-07 to win contracts, mostly in emerging nations. In addition, the U.S. didn't bar Siemens from competing for federal contracts. Siemens paid $800 million in the U.S. and $574 million in Germany, following a $274 million fine already levied there. See "Siemens Settlement: Relief, But Is It Over?" businessweek.com/magazine 
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