European markets closed higher on Wednesday, as crude oil prices pared losses.
Ulrich Spiesshofer, CEO of ABB, talks about operating in the Chinese economy.
Ulrich Spiesshofer, CEO of ABB, discusses the company's first-quarter profits and comments on speculation about plans to sell its power grid business.
European equities closed firmly in the red on Wednesday; as a sharp rise in oil prices failed to relieve stress from the markets.
Power equipment maker ABB said fourth-quarter net profit fell more than two-thirds as the company booked restructuring charges meant to cut costs.
Ulrich Spiesshofer, CEO of ABB, says his company needs to readjust its efforts, especially in China where sluggish demand hit profits.
Ulrich Spiesshofer, CEO of ABB, says his company is in the middle of a transformation in order to become a leading company in a changing world.
The basic theme is: lower for longer. This theme is familiar to those watching oil, but this time the theme is broader.
European equities ended trade mixed on Wednesday as investors digested mixed earnings, ahead of an ECB meeting on Thursday.
European stocks ended lower on Thursday, after a flurry of corporate earnings came out from across the region.
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.