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ABB Ltd

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  • *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...

  • 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.

  • ABB Makes $1 Billion Bet on Solar Power Takeover Monday, 22 Apr 2013 | 5:30 AM ET

    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.

  • Global Economic Slowdown Weighs on Stock Market Thursday, 21 Mar 2013 | 3:42 PM ET
    Like with the United Nations, the U.S. may be a key player, but it's not the only one, as one international crisis after another in the past 15 years moved markets all over the globe.Dale of Security Bellew says one third of long-term investors' equity allocation should be international, both developed and developing markets.Note that during much of the last decade international stocks outperformed US ones.During the commodities boom, countries rich in natural resources — Australia, Canada, Braz

    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.

  • PREVIEW-Siemens under pressure to cut more costs Monday, 5 Nov 2012 | 3:04 PM ET

    *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.

  • 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.