News: ABB Ltd (ABB)

ABB on New York Consolidated

21.41USD
19 Dec 2014
Price Change (% chg)

$0.19 (+0.90%)
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$21.22
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Thu, Dec 18 2014

UPDATE 1-Former Shell head Voser returns to ABB as chairman

* Current chairman von Gruenberg has decided to step down

ABB nominates Peter Voser as chairman to succeed Hubertus von Gruenberg

ZURICH, Dec 18 - Swiss engineer ABB said on Thursday its board of directors had nominated Peter Voser to succeed Hubertus von Gruenberg as its chairman, who has decided not to stand for re-election at its annual shareholder meeting next year.

ABB, Hitachi set up power grid joint venture in Japan

ZURICH/TOKYO - Switzerland's ABB and Hitachi Ltd have set up a joint venture to sell high voltage systems in Japan, looking to benefit from reforms in the electricity industry after the Fukushima disaster.

UPDATE 2-ABB, Hitachi set up power grid joint venture in Japan

* Pair hope to profit from Japanese electricity reforms (Recasts, adds details on electricity reforms in Japan)

ABB, Hitachi to set up joint venture in Japan

ZURICH, Dec 16 - Swiss engineering group ABB said on Tuesday it had agreed to set up a joint venture with Hitachi to market high-voltage direct current (HVDC) power transmission equipment in Japan.

BRIEF-ABB wins power orders worth $55 million in India

* Says wins power orders worth $55 million to strengthen electricity network in India Source text for Eikon: Further company coverage: (Gdynia Newsroom)

European shares pinned back after report of bank stress-test failures

* Spanish report says 11 EU banks set to fail stress test

Global growth worries take shine off ABB's order surge

ZURICH - Bleaker global growth prospects are keeping Swiss engineer ABB cautious about its prospects, despite a bigger-than-expected rise in third-quarter orders and a return to profit at its troubled power systems business.

UPDATE 2-Global growth worries take shine off ABB's order surge

* Shares rise 1.8 pct, outperform sector (Adds quotes from interview with CEO, details, shares)

BRIEF-ABB CEO says expects power systems to also break even in Q4

* ABB CEO says aiming for power systems division to also break even in Q4. Further company coverage: (Reporting by Caroline Copley)

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