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Abb News

News on Abb (Ticker: ABB) continually updated from thousands of sources around the net.

15 hrs ago | Hispanic Business

ABB acquires Spirit IT to strengthen its measurement product portfolio

By adding innovative liquid flow computers and software for oil and gas applications, ABB boosts its offering in smart metering and control for custody transfer of oil and gas between operators.

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Related Topix: Computers

Thu Jul 24, 2014

Seeking Alpha

Orders A Bright Spot, But ABB Has A Lot Of Work To Do

Double-digit order growth was nice to see, but management needs to fix the Power operations and shore up margins in automation to really excite investors again.

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Mass Transit

Switzerland: ABB Delivers Strong Order Growth and Cash in Q2

ABB July 23 reported strong order growth, stable revenues and a significant increase in cash from operations for the second quarter of 2014.

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Wed Jul 23, 2014

Wall Street Journal

ABB Profit Falls Amid Revamp

ABB Ltd on Wednesday reported worse-than-expected earnings in its second quarter as the power and automation giant presses ahead with a review of its operations that has already seen it shed some fringe businesses.

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Related Topix: Electronics, ABB Ltd, Opinion

RISI

ABB 2Q 2014 results: operational EBITDA down 15% from year ago to $1.3 billion

Orders up 13%1; book-to-bill ratio2 of 1.04x Group operational EBITDA3 impacted by loss in Power Systems Decisive step change actions implemented in PS Cash from operations up by more than $300 million Successful execution of announced portfolio pruningABB today reported strong order growth, stable revenues and a significant increase in cash from ... (more)

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Tue Jul 22, 2014

Bloomberg

ABB Misses Estimates as Power Systems Charges Hit Profit

ABB Ltd. reported quarterly earnings that missed estimates as charges at the Power Systems unit once again dragged down earnings for the Swiss maker of robots and power transformers.

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Related Topix: Electronics, ABB Ltd

Mon Jul 21, 2014

Business Journal

ABB and Volvo to partner on electric bus transit systems

Logos of ABB AG sit on display outside the company's semi-conductor plant in Lenzburg, Switzerland, on Tuesday, Aug. 30, 2011.

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The Peninsula

ABB, Volvo reveal tie-up on fast-recharge electric buse...

ZURICH: Electric buses which can recharge their batteries fast when at bus stops are to be developed by Swiss-Swedish engineering group ABB and Volvo Buses of Sweden, ABB said on Monday.

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Sat Jul 19, 2014

Marine News

ABB Wins $35 mln HVDC Upgrade Order in Canada

ABB, the leading power and automation technology group, has won an order worth about $35 million from Hydro-Qubec to upgrade the 350 megawatt Madawaska high-voltage direct current transmission link, that connects the grids of New Brunswick and Hydro Qubec in southeast Canada.

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Related Topix: Canada, World News,

Thu Jul 17, 2014

Bloomberg

ABB Said to Seek Board Replacements for Von Gruenberg, Treschow

ABB Ltd. , the world's biggest maker of power grids, is seeking replacements for Chairman Hubertus von Gruenberg and board member Michael Treschow, according to a person familiar with the matter.

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Related Topix: Electronics, ABB Ltd

Fri Jul 11, 2014

Telegram

ABB claims $400-M contract on Maritime Link

A large contract has been awarded to ABB as part of the roughly $1.6-billion Maritime Link project - the power connection to be built between Nova Scotia and Newfoundland and Labrador.

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Related Topix: Energy, Emera

Wed Jul 09, 2014

Electric Energy Online

ABB awarded $400 million order for Maritime Link power project in...

HVDC Light system for major power transmission link in eastern Canada to facilitate integration of renewable energy and stabilization of electrical grid ABB, the leading power and automation technology group, has won an order worth approximately $400 million from NSP Maritime Link Inc., a subsidiary of Emera Inc. , to supply a high-voltage direct ... (more)

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Related Topix: Alternative Energy, Renewable Energy (Green Energy), Energy, Emera, Canada, World News,

Mon Jul 07, 2014

Building Operating Management

ABB Introduces New Line Of Heavy Duty Safety Switches, Extending...

The first heavy duty safety switches on the market with enclosed, maintenance-free mechanisms and touch safe, visible blades NEW BERLIN, Wisc.

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Related Topix: Berlin, WI, New Berlin, WI

Fri Jul 04, 2014

AmericanBankingNews.com

ABB Ltd Stock Rating Reaffirmed by Zacks

's stock had its "neutral" rating reaffirmed by Zacks in a research note issued on Friday.

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Related Topix: Electronics, ABB Ltd

Wed Jul 02, 2014

Electric Energy Online

ABB wins power order worth $78 million in Saudi Arabia Transformers...

ABB, the leading power and automation technology group, has won an order worth $78 million from Saudi Electricity Company , Saudi Arabia's national power transmission and distribution operator.

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Related Topix: Middle East, Saudi Arabia, World News

Fri Jun 27, 2014

TheStreet.com

Why Trinity Industries (TRN) Stock Is Higher Today

Trinity expects the transaction will be accretive to full-year 2014 earnings but cannot provide a range of earnings guidance until the transaction is completed.

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Related Topix: Transportation, Automakers, Railroads, Trinity Industries, Financial Markets

Reuters

UPDATE 1-ABB sells steel structures business to Trinity Industries for $600 mln

Swiss engineering group ABB said on Friday it had agreed to sell Thomas & Betts' steel structures business to Trinity Industries Inc for $600 million in cash, part of a plan to sell off assets outside its core expertise.

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Related Topix: Transportation, Automakers, Railroads, Trinity Industries, Thomas and Betts, Electronics

Seeking Alpha

Trinity Industries to buy ABB's utility steel structures division for $600M

TRN says the acquisition helps build a leadership position in the electric transmission and distribution industry, and confirms its long-term commitment to the utility steel structures business.

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Related Topix: Transportation, Trinity Industries, Automakers, Railroads

Reuters

ABB sells steel business to Trinity Industries for $600 mln

Swiss engineering group ABB said on Friday it would sell its Meyer Steel Structures business to Trinity Industries Inc for $600 million in cash.

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Related Topix: Transportation, Trinity Industries, Automakers, Railroads

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