Abb News Archives

“They are undercapitalized and can take on debt for new projects.”

The power grid has endured three decades of abuse. It took the biggest blackout in U.S. history, one that caused 50 million people to lose power on August 14, 2003, to mobilize the government and electrical ... via Kiplinger Online

“Demand from utilities and most of our major industrial markets remained strong around the world, especially in emerging economies”

The commodity boom is giving a boost to engineering companies, as global demand for power infrastructure and mechanical equipment heats up. via Forbes.com

ABB Ltd. , the world's largest builder of electricity networks, said first-quarter profit climbed 87 percent, beating analyst estimates, as China and India increased investment in power stations and grids. via Bloomberg Business News

“All in all a strong report from ABB, though the figures [are] somewhat boosted by the weak U.S. dollar”

ABB shares surged on Thursday as the Swiss-Swedish engineering group blitzed past analyst estimates with an 87% first-quarter profit rise. via MarketWatch

ABB Ltd. , the world's largest builder of electricity networks, said first-quarter profit rose 87 percent as China and India increased investment in power stations and grids. via Bloomberg.com

EU failed to tell FTC of tech cartel The Yomiuri Shimbun The European Union competition regulator has admitted it failed to make an obligatory report to Japan's Fair Trade Commission on an international cartel ... via Daily Yomiuri

“There are emerging signs that the problems facing the U.S. markets are spreading to the rest of the world”

Investor AB , the main investment vehicle of Sweden's Wallenberg family, Thursday reported a 10.3% drop in its closely watched net asset value per share as listed and unlisted assets decreased in value amid ... via MarketWatch

ABB Robotics, a leading manufacturer of industrial robots, has signed a 10-year lease agreement with the Brown Road Limited of Auburn Hills, Mich., keeping the company at the headquarters it has been situated ... via Business Wire

Engineering and construction [E&C] stocks currently mean a little something differently in the U.S. than they do globally. via Zacks Analyst Interviews

Zacks.com releases the latest Analyst Interview . Today ' s interview is with senior analyst John Nelson Simon, who discusses AAON Inc. via Earth Times