ABB said its net profit fell 8 percent in the second quarter due to a drop in demand for the Swiss company's oil and gas products.
Ulrich Spiesshofer, CEO of ABB, says the Chinese market has remained soft but there are still a lot of opportunities in the country.
No longer in bankruptcy, Motor City is busy nurturing 1,400 next-gen advanced manufacturers to rekindle its legacy as a production hub.
European equities tumbled on Wednesday to close sharply lower as investors reacted to sharp gains in the euro against the dollar.
Here are some of the potentially game-changing robots on display this week at Hannover Messe - the world's biggest industrial technology fair.
Rolls-Royce has been accused in the Petrobras scandal, as more foreign companies are dragged into Brazil's largest corruption scandal, the FT reports.
Swiss engineer ABB reported on Thursday a smaller-than-expected rise in quarterly profit, blaming an appreciation of the U.S. dollar.
Ulrich Spiesshofer, CEO of ABB, says the company has hedged itself against the strong dollar.
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 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.
Few corporations can pivot fast enough to recover after going bankrupt. Here's some inspiring turnarounds that made history over the last 25 years.
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.