European equities tumbled on Wednesday to close sharply lower as investors reacted to sharp gains in the euro against the dollar.» Read More
*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...
Ulrich Spiesshofer, CEO of ABB, says the company is "ready to consider" merger and acquisition activity this year.
Ulrich Spiesshofer, CEO of ABB, says the company has hedged itself against the strong dollar.
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.
European shares closed lower on Tuesday, with investors cautious regarding an upcoming independence vote for Scotland.
European shares closed higher on Wednesday amid corporate earnings news and ongoing turmoil in Gaza and Ukraine.
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.
Renewable energy stocks have been notoriously volatile, but there are more options now for investors to use less-risky green stock ETFs.
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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.
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."
The September global market rally is fading a bit today. Still, it's clear shifting expectations over Syria have had an impact on trading.
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 briefly got some of its shine back, after it delivered a package of capital programs that shareholders have been clamoring for.
Some of the names on the move ahead of the open.
Swiss industrial group ABB is to buy solar energy firm Power-One for about $1 billion, betting growth in emerging markets will revive a sector ravaged by recession-hit Europe.
Sectors that capture the global economy are down today: transportation, multi-industry, and tech stocks.
European shares finished mixed Thursday, while the Swiss SMI index soared over 2 percent, catching up on gains following the U.S. "fiscal cliff" deal.
*Siemens due to announce further details of savings plan. FRANKFURT, Nov 5- Germany's Siemens AG, looking to narrow the profitability gap with its competitors, could detail likely disposals and the scale of planned cost cuts when it reports results on Thursday.
FRANKFURT, Oct 11- Germany's Siemens may outline job cuts and office closures on Thursday to stop profits sliding as customers put off ordering engineering equipment because of Europe's economic crisis.