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ABB.N on New York Stock Exchange

24 Mar 2017
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$-0.03 (-0.13%)
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Latest Key Developments (Source: Significant Developments)

Genting Hong Kong says unit entered into ABB agreements with certain units of ABB Group
Monday, 9 Jan 2017 09:06am EST 

Genting Hong Kong Ltd <0678.HK> : Genting Hong Kong- MVWW, unit of co, entered into ABB agreements with certain subsidiaries of ABB group . Aggregate consideration under ABB agreements is approximately EUR131 million .Genting Hong Kong - unit to purchase complete propulsion systems, electric power plants, automation and marine software systems for various vessels.  Full Article

Fluor Corp and ABB form alliance to deliver large EPC substation projects globally
Tuesday, 4 Oct 2016 07:07am EDT 

Fluor Corp : Global strategic alliance for execution of large turnkey engineering, procurement, construction (EPC) electrical substation projects . Both parties will work together to formalize partnership before year end . Flour Corp says both parties will work together to formalize partnership before year end .Fluor Corp - Co and ABB form alliance to deliver large EPC substation projects globally.  Full Article

ABB CEO says will consider M&A in Power Grids
Tuesday, 4 Oct 2016 01:56am EDT 

ABB Ltd : CEO says company will continue active portfolio management, continuously review portfolio -media call . CEO says will consider M&A in power grids -media call . CEO says sees sales and cost synergies from keeping power grids business . CEO says sees tough conditions continuing in Q3 Europe, U.S. . CEO says has spoken with large shareholders Investor AB and Cevian this morning . CEO says we have a very good dialogue with shareholders. Had a friendly and open conversation with Investor AB and Cevian Further company coverage: [ABBN.S] (Reporting By Zurich newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Abb says completes $3.5 bln share buyback started in 2014
Friday, 30 Sep 2016 01:25am EDT 

Abb Ltd : Says has completed its share buyback program announced in September 2014 .Says repurchased 171,335,000 registered shares (equivalent to 7.4% of its issued share capital at launch of the buyback program) for a total amount of approximately usd 3.5 billion.  Full Article

ABB Chief tells staff a Kuka bid is 'pure speculation'- Bloomberg
Friday, 24 Jun 2016 01:43pm EDT 

: ABB Chief tells staff a Kuka bid is 'pure speculation'-Bloomberg, citing memo Source (http://bloom.bg/292p0Cc) (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

ABB Ltd says join forces with Aker for subsea production
Tuesday, 26 Apr 2016 08:00pm EDT 

ABB Ltd:Says ABB and Aker Solutions join forces to propel and power subsea production.Says agreement to build on their combined strengths in subsea, power and automation technologies to develop solutions.Says collaboration will target opportunities globally, building on the companies’ presence in oil and gas markets worldwide and will be headquartered in Oslo, Norway.  Full Article

ABB Ltd wins $250 mln order to link offshore wind farm to UK grid - Reuters
Thursday, 31 Mar 2016 05:18am EDT 

ABB Ltd:Wins $250 million order to link offshore wind farm to UK grid from Danish energy company DONG Energy - Reuters.  Full Article

ABB Ltd to propose FY 2015 dividend
Wednesday, 3 Feb 2016 12:52am EST 

ABB Ltd:Proposes dividend of 0.74 euros per share for FY 2015.  Full Article

ABB Ltd weighing cost cuts after 'massive contraction' in sector spending - Reuters
Wednesday, 21 Oct 2015 04:30am EDT 

ABB Ltd:CEO says consultation process with employees over restructuring has started - Reuters.CEO says upstream oil and gas weakness to continue for 'quite a while.CEO says massive contraction in China due to government spending stop.CEO says restructuring charges in fourth quarter at lower end of $300 million to $600 million range.CEO says confident of reaching operating profit margin goal for power grids of 8-12 pct in FY 2016.CEO says tense atmosphere among employees at ABB amid restructuring, but constructive.  Full Article

ABB wins orders worth $300 mln for China power projects
Wednesday, 14 Oct 2015 08:00pm EDT 

ABB Ltd:Wins orders worth more than $300 million to supply equipment to two new transmission links in China that will deliver remote wind and thermal-generated electricity to cities.The equipment, including high-voltage direct current converters, to be installed as part of two 800 kilovolt links that each will have the capacity to transmit enough electricity to meet needs of 26 million consumers.The orders were booked in the third quarter of 2015.  Full Article

More From Around the Web

BRIEF-ABB says Bernhard Jucker to retire from executive roles

* Says Jucker will continue to serve as chairman of the board of directors of ABB Germany Source text for Eikon: Further company coverage: (Reporting By Zurich newsroom)