News: ABB Ltd (ABBN.VX)

ABBN.VX on Virt-X Level 1

11 Jul 2014
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Fri, Jun 27 2014

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

* All-cash deal expected to close in third-quarter. (Adds details, background)

ABB sells steel business to Trinity Industries for $600 mln

ZURICH, June 27 - Swiss engineering group ABB said on Friday it would sell its Meyer Steel Structures business to Trinity Industries Inc for $600 million in cash.

Workers at ABB-owned factory in China strike over benefits

SHANGHAI, June 11 - About 500 employees of a factory in southern China owned by Swiss engineering group ABB have gone on strike over compensation and low social insurance contributions by the company, a worker and an activist said on Wednesday.

RPT-Fitch Upgrades ABB to 'A-'; Outlook Stable

May 2 - (The following statement was released by the rating agency)

UPDATE 3-ABB redoubles work to fix power systems unit after profits drop

* Second overhaul at the power systems unit in as many years

BRIEF-ABB CEO "quite optimistic" about large orders in medium to long-term

ZURICH, April 29 - ABB Ltd : * CEO sees no significant change in large order pattern in short term, quite

STOCKS NEWS EUROPE-ABB tumbles as profit drops by a fifth

Shares in ABB drop 5.5 percent to the bottom of Swiss blue-chip index after the group says first-quarter profit tumbles almost a fifth on a weak performance and charges at its power systems unit.

BRIEF-ABB fallS 6.7 pct after Q1 results miss

ZURICH, April 29 - ABB Ltd : * Shares fall 6.7 percent after first-quarter results miss expectations

ABB to overhaul power systems unit again as division hits profit

ZURICH - Swiss engineering group ABB said it would embark on further restructuring of its power systems division after weak orders for the unit and charges related to wind and solar power projects led to an unexpected fall in first-quarter profit.

BRIEF-ABB indicated down 3.4 pct after Q1 results miss

ZURICH, April 29 - ABB Ltd : * Shares indicated down 3.4 percent after posts unexpected fall in first

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