ABB Ltd News

In yesterday's analyst action Goldman Sachs upgraded Wynn Resorts , whose CEO once put his elbow through a priceless Picasso ; poor Spain really can't catch a break.

By a fairly wide margin, the worst performing industrial conglomerate so far this year is European firm ABB Ltd.

Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs downgraded shares of ABB Ltd to a "buy" rating in a research note to investors on Thursday, April 26th.

Moody's Investors Service upgraded Thomas & Betts Corporation's senior unsecured note to A2 from Baa2.

May 30 - Fitch Ratings has affirmed ABB Ltd's Long-term Issuer Default Rating and Thomas & Betts Corporation's USD250 million 5.625% senior unsecured notes due in 2021 at 'BBB+', following ABB's public announcement to guarantee the bonds.

Two Auckland companies and one based in Taranaki are in the running for the Department of Labour sponsored Safeguard award for 'Best Initiative to Address a Health Hazard'. ABB Ltd and Countdown Logistics from Auckland, and the Fonterra Co-operative Group based in Whareroa, Taranaki, were shortlisted in the DOL sponsored category that recognises an ... (more)

The takeover of Cooper Industries Plc at the highest price tag for an electrical-equipment deal in more than a decade is turning Hubbell Inc.

The Chief Executive of Swiss engineering group ABB Ltd, which closed its purchase of Thomas & Betts this month, said he will focus on integrating the acquisition and ruled out any further large deals in the near term.

ABB's completed acquisition of Thomas and Betts is estimated to bring in $6.6 billion in annual revenue.

Electrical and electronics maker Hubbell Inc's competitiveness is not threatened by two large takeovers in its sector, the company's chief executive said on Monday.

The companies whose shares are moving in pre-market trading on Monday are: Ultra Clean Holdings, Seadrill, Yahoo, Frontline, ABB Ltd, Logitech International, United States Steel, Hewlett-Packard, ARM Holdings and Lowe's Cos.

May 18 - Fitch Ratings has upgraded Thomas & Betts Corporation's Issuer Default Rating and long-term ratings to 'BBB+' from 'BBB' and removed the ratings from Rating Watch Positive.

Swiss engineering group ABB Ltd completed the purchase of U.S. electrical components maker Thomas & Betts Corp, less than a week after EU regulators cleared the pending $3.9 billion takeover.

It was the last regulatory hurdle after shareholders of Memphis-based Thomas & Betts approved the deal May 2, so the $3.9 billion acquisition is expected to close soon.

Jobs Commodities Automobiles Insurance Real Estate Travel & Tourism Health & Pharma Lifestyle Media Power Telecom Infotech Retail Infrastructure Editor's Picks New Delhi: Power and automation technology major ABB Ltd today reported a net profit of Rs 48 crore for the three months ended March 31, 2012.