Abb News

ABB, a Switzerland-based power and automation technology group, plans to start production of central PV inverters in South Africa to support the rapidly growing local solar market and local content requirements.

On approaching his 60th birthday this year, long-serving Tullow Oil boss Aidan Heavey told staff he felt "like two 30 year-olds". A handful of recent shock departures by 50-something chief executives at European blue chip companies - none of them under any obvious pressure to quit - suggest some of his peers either lack that vigour, or want to ... (more)

ABB Ltd. , which last week announced the sudden departure of Chief Executive Officer Joe Hogan, said board member and head of technology Prith Banerjee is quitting to return to the U.S. after one year in the post.

ABB has announced the surprise departure of its chief executive just three weeks after the engineering group reported earnings that fell short of expectations, saying the move was for private reasons but giving no detail.

European stocks gained, with the Stoxx Europe 600 Index extending its highest level since June 2008, as companies including ArcelorMittal and BT Group Plc posted better-than-expected results and German exports increased in March.

Date for departure has not yet been decided; successor to be announced in due course Zurich, Switzerland, May 10, 2013 - ABB Chief Executive Officer Joe Hogan has decided to leave ABB for private reasons.

ABB, the wind industry's leading power technology and grid interconnection solutions provider, today announced developments from the floor at the annual AWEA WINDPOWER 2013 conference and exhibition.

Global Advance Process Control Software market to grow at a CAGR of 10.67 percent over the period 2012-2016. One of the key factors contributing to this market growth is the migration from legacy system to Advance Process Control software.

Ste-Claire, QC Baldor, based in Fort Smith, AR, and a member of the ABB Group, is moving pulley production to Ste-Claire, QC, from Mexico.

ABB, the wind industry's leading power technology and grid interconnection solutions provider, recently announced developments from the floor at the annual AWEA WINDPOWER 2013 conference and exhibition.

Power and automation technology supplier ABB is acquiring Los Gatos Research of Mountain View, Calif., to add gas analyzers to its measurement business, the company said last week.

The UWM Real Estate Foundation Inc. is proposing a 128-room, extended stay hotel at its Innovation Campus development in Wauwatosa, The Business Journal has learned.

ABB Ltd traded up 1.61% on Thursday, hitting $22.66. ABB Ltd has a 52-week low of $15.26 and a 52-week high of $23.37. The stock's 50-day moving average is currently $22.4. The company has a market cap of $52.036 billion and a price-to-earnings ratio of 19.06. ABB Ltd last issued its quarterly earnings data on Wednesday, April 24th.

Invensys Plc , the engineering company whose takeover discussions with Emerson Electric Co.

LGR's novel and innovative laser-based measurement strategies allow for non-destructive analysis of gases and liquids.

ABB Ltd opened at 22.34 on Thursday. ABB Ltd has a 52-week low of $15.26 and a 52-week high of $23.37. The stock's 50-day moving average is currently $22.4. The company has a market cap of $51.302 billion and a price-to-earnings ratio of 19.09. ABB Ltd last issued its quarterly earnings data on Wednesday, April 24th.

Peter Voser is to step down as chief executive of Royal Dutch Shell next year after four years in the post, in a surprise move that could herald a period of uncertainty at the Anglo-Dutch oil major.

Siemens AG , Europe 's largest engineering company, cut its full-year forecast after quarterly earnings missed analyst estimates amid charges for failed wind energy transmission projects and the delayed delivery of trains.

Users of air handling units can achieve maximum efficiency from their equipment following an agreement between ABB Drives Alliance member Inverter Drive Systems and leading air filtration specialist Camfil.

ABB Automation & Power World 2013, held in Orlando, Florida from March 25-28, attracted 5,000 attendees from a wide variety of process, discrete manufacturing and power industries.