Edition:
United States

ABB Ltd (ABB.N)

ABB.N on New York Stock Exchange

24.65USD
25 Sep 2017
Change (% chg)

$-0.08 (-0.32%)
Prev Close
$24.73
Open
$24.72
Day's High
$24.78
Day's Low
$24.63
Volume
264,735
Avg. Vol
394,857
52-wk High
$25.83
52-wk Low
$20.26

Latest Key Developments (Source: Significant Developments)

UK's SFO investigating ABB Ltd's UK units for suspected bribery, corruption
Friday, 10 Feb 2017 10:17am EST 

UK's Serious Fraud Office: UK's SFO - commenced investigation into activities of ABB Ltd's United Kingdom units, their officers, employees and agents for suspected bribery and corruption .UK's SFO - investigation is related to SFO's ongoing investigation into activities of Unaoil..  Full Article

ABB CEO ready to consider acquisitions, has large pipeline of potential targets
Wednesday, 8 Feb 2017 05:07am EST 

Abb Ltd : Abb ceo spiesshofer says no new cost saving programmes . Ceo says very confident about opportunities in the united states; well positioned for growth in the country .Ceo says company ready to consider acquisitions, has large pipeline of potential targets.  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

BRIEF-ABB and Northvolt sign MOU regarding battery factory

* Abb and Northvolt sign memorandum of understanding for a wide-ranging supply and technology partnership, including products and services for northvolt lithimum-ion battery factory