General Electric Co. named John Dineen President and Chief Executive of its Healthcare business Thursday, after the unit's previous leader accepted a post with electrical engineering company ABB Ltd.

Electrical engineering company ABB Ltd. on Thursday named the head of a General Electric Co. unit as its next CEO.

Electrical engineering giant ABB Ltd. said Wednesday it will buy the U.S. transformer maker Kuhlman Electric Corp. from private-equity firm The Carlyle Group.

Switzerland’s leading stock index, the SMI, has fallen more than 21 percent over the last twelve months, but investment opportunities are emerging with certain large-cap well-positioned stocks such as Roche and Swatch, Maximilian Muench, head of Swiss equities research at UBS told CNBC.

Stocks rebounded this afternoon after a morning slide, and CNBC asked the market experts how investors can capitalize on this momentum.

Jay Bowen, the president of Bowen Hanes, recommends firms with major foreign exposure. Click for his stock picks.

Chief executives from Europe discussed earnings, opportunities and challenges their companies face in 2008 with CNBC Europe Thursday.

Swiss engineering group ABB nearly doubled its first-quarter net profit, easily beating expectations, and confirmed its guidance for 2008 as it benefits from booming global demand for power infrastructure.

Thursday will be a big day for European earnings, with heavyweights like Credit Suisse, Fiat and ABB set to hit the tape.

If a company is involved in the distribution of electricity -- plug that stock right into your portfolio, says Kent Croft. "We like the outlook for electrical grid spending, both here in North America and abroad," the fund manager told CNBC.

Does fixing infrastructure both across America and around the world open up investment opportunities?  Several experts think so.

The Societe Generale trading scandal is in full swing, as the lawyer of jailed trader Jerome Kerviel said this week that his client should be released to be able to defned himself. Another scandal, this time involving investigations into whether rich German businessmen have been dodging taxes, has started to unfold. Read the week's European stories.

Swiss engineering group ABB gave an upbeat outlook for 2008 on Thursday and said it would benefit from development of new power infrastructure in Asia, the Middle East and Africa, boosting its shares.

Engineering group ABB Chief Executive Fred Kindle has quit after a clash over strategy in a shock move announced on Wednesday amid speculation over his plans for acquisitions, sending shares sharply lower.