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ABB Ltd

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  • July 26- General Electric Co wants to be a "sizable" player in the market for systems that store energy to manage power volatility, a sector the company expects to quadruple to $6 billion by 2020, the head of GE's energy storage business told Reuters. This need has attracted a wide range of companies, including Elon Musk's Tesla Motors Inc, which said in April it plans...

  • DAX closes down 3%; Europe sells off as euro gains Wednesday, 29 Apr 2015 | 11:30 AM ET
    Federal Reserve building in Washington, D.C., U.S.

    European equities tumbled on Wednesday to close sharply lower as investors reacted to sharp gains in the euro against the dollar.

  • These robots will shape the future Friday, 17 Apr 2015 | 3:04 AM ET

    Here are some of the potentially game-changing robots on display this week at Hannover Messe - the world's biggest industrial technology fair.

  • *Eskom's new power stations hit by delays. JOHANNESBURG, March 20- Eskom has replaced France's Alstom with Swiss firm ABB Ltd in a control and instrumentation contract for its much-delayed Kusile power station, the South African utility said on Friday. A spokesman said the change would not delay completion of the plant, which is scheduled to begin producing...

  • Rolls-Royce accused in Petrobras scandal Sunday, 15 Feb 2015 | 10:29 PM ET
    A Petrobras station in downtown Rio de Janeiro, Brazil.

    Rolls-Royce has been accused in the Petrobras scandal, as more foreign companies are dragged into Brazil's largest corruption scandal, the FT reports.

  • ABB profit rise tempered by dollar strength Thursday, 5 Feb 2015 | 2:33 AM ET

    Swiss engineer ABB reported on Thursday a smaller-than-expected rise in quarterly profit, blaming an appreciation of the U.S. dollar.

  • No major impact from forex moves: ABB CEO Thursday, 5 Feb 2015 | 1:45 AM ET
    No major impact from forex moves: ABB CEO

    Ulrich Spiesshofer, CEO of ABB, says the company has hedged itself against the strong dollar.

  • We'll 'consider' M&A in 2015: ABB CEO Thursday, 5 Feb 2015 | 1:45 AM ET
    We'll 'consider' M&A in 2015: ABB CEO

    Ulrich Spiesshofer, CEO of ABB, says the company is "ready to consider" merger and acquisition activity this year.

  • We're ready for Swiss franc strength: ABB CEO Thursday, 22 Jan 2015 | 1:15 AM ET
    We're ready for Swiss franc strength: ABB CEO

    Ulrich Spiesshofer, CEO of ABB, says the company will not be forced to ax jobs due to the Swiss franc appreciation following the end of the currency's euro peg.

  • Europe shares lower on Scotland, weak US trading Tuesday, 9 Sep 2014 | 11:39 AM ET

    European shares closed lower on Tuesday, with investors cautious regarding an upcoming independence vote for Scotland.

  • Europe closes higher despite Ukraine tensions Wednesday, 23 Jul 2014 | 11:31 AM ET

    European shares closed higher on Wednesday amid corporate earnings news and ongoing turmoil in Gaza and Ukraine.

  • We're monitoring Russia 'daily': ABB CEO Wednesday, 23 Jul 2014 | 1:30 AM ET
    We're monitoring Russia 'daily': ABB CEO

    Ulrich Spiesshofer, CEO of ABB, says the company is monitoring the situation "on a daily basis" and is ready to take "appropriate action" if needed.

  • At last, stable profits from green energy stocks? Wednesday, 25 Jun 2014 | 9:41 AM ET

    Renewable energy stocks have been notoriously volatile, but there are more options now for investors to use less-risky green stock ETFs.

  • Famous business comebacks over the last 25 years Tuesday, 29 Apr 2014 | 7:00 AM ET

    Few corporations can pivot fast enough to recover after going bankrupt. Here's some inspiring turnarounds that made history over the last 25 years.

  • ABB cuts revenue guidance: CEO Thursday, 13 Feb 2014 | 1:00 AM ET
    ABB cuts revenue guidance: CEO

    Ulrich Spiesshofer, ABB CEO, explains that the group has had to lower its sales target due to a slower than expected rebound in the global economy.

  • ABB's profit warning is operational: CEO Wednesday, 22 Jan 2014 | 4:30 AM ET
    ABB's profit warning is operational: CEO

    Ulrich Spiesshofer, CEO at ABB, explains that delays regarding one of the group's offshore platforms is behind the profit warning but adds he is "quite optimistic over the medium term."

  • As Syria expectations fade, market flatlines Wednesday, 11 Sep 2013 | 9:56 AM ET

    The September global market rally is fading a bit today. Still, it's clear shifting expectations over Syria have had an impact on trading.

  • You're fired! Siemens replaces Loescher as CEO Wednesday, 31 Jul 2013 | 5:42 AM ET

    The supervisory board of Siemens confirmed the resignation of Chief Executive Peter Loescher on Wednesday and appointed Joe Kaeser, the company's Chief Financial Officer as the new CEO.

  • Apple's Roller-Coaster Ride to Set Market Tone Tuesday, 23 Apr 2013 | 8:38 PM ET

    Apple briefly got some of its shine back, after it delivered a package of capital programs that shareholders have been clamoring for.

  • Early Movers: CAT, HAL, HAS & More Monday, 22 Apr 2013 | 8:03 AM ET

    Some of the names on the move ahead of the open.