|Bid||1,347.50 x 0|
|Ask||1,347.95 x 0|
|Day's Range||1,345.00 - 1,357.75|
|52 Week Range||931.35 - 1,620.00|
|PE Ratio (TTM)||71.35|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||1,273.88|
ABB Ltd's (ABB) cost-saving initiatives and diligent restructuring efforts are proving conducive to the company's strong performance, stoking growth.
Let's analyze what the sale of GE Industrial Solutions means for the investment thesis behind both stocks.
ABB Ltd (ABB) announces its plans to purchase GE Industrial Solutions, General Electric's (GE) global electrification solutions business, in a bid to strengthen position in electrification.
General Electric agreed to sell its industrial-solutions business to Switzerland’s ABB in a $2.6 billion deal, a sign that GE’s new chief is moving ahead with efforts to streamline the industrial giant....
The Swiss automation and power grid conglomerate will pay $2.6 billion for GE's low-margin operation and has promised cost savings.
ABB Ltd. agreed to buy the industrial solutions business of General Electric Co. in a deal valued at $2.6 billion that will strengthen the Swiss company’s business in the U.S., its largest market.
General Electric Co is nearing a deal to sell its industrial solutions unit to Swiss engineering company ABB Ltd in a deal valued at $2.5 billion to $3 billion, Bloomberg reported, citing people with knowledge of the matter. GE resumed negotiations to sell its industrial solutions business to ABB after John Flannery, who became CEO on Aug.1, decided to continue to divest the industrial conglomerate's non-core assets, Reuters had reported. The company has also been under pressure from Nelson Peltz's activist hedge fund Trian Fund Management LP to cut costs and focus on its core industrial businesses.
General Electric Co. is nearing an agreement to sell its industrial-solutions business to ABB Ltd. in a deal valued at $2.5 billion to $3 billion, people with knowledge of the matter said.
ABB (ABB) clinched an order from energy supplier EnBW to install the fast-charging stations that will have a charging capacity of 50 kilowatts, suitable for service stations and car dealerships.
ABB Ltd. is accelerating expansion in China with a plan to double robot production capacity as part of a bid to become the biggest provider worldwide of the industrial-automation equipment, said Chief ...
History was made in Italy on Tuesday evening when a humanoid robot called YuMi conducted an orchestra and world famous opera singer for the first time in history.
ABB Ltd plans to expand its U.S. industrial robot factory in Michigan, the company's chief executive officer said on Wednesday, while declining to comment on reports that he is weighing the purchase of a unit of rival General Electric Co. Ulrich Spiesshofer, who took over as CEO of ABB in 2013, said in an interview that the company plans to expand its industrial robot manufacturing facility in Auburn Hills, Michigan, which delivered its first robot in March. ABB currently has a workforce of about 1,000 at the Auburn Hills complex.
ABB Ltd's (ABB) collaboration with Amazon and Sonos will enable the company to build on its customers' home automation experience on a single platform.
The move underscores the determination of John Flannery, who took over from Jeffrey Immelt as GE's chief executive on Aug. 1, to continue to divest non-core assets, as he carries out a review of the company's portfolio. GE is entertaining the possibility of selling its industrial solutions business for a little over $2 billion after initially hoping for more than $3 billion, four sources said this week.
ABB Ltd (ABB) clinches technology contract from Vancouver Fraser Port Authority to provide shore-to-ship power technology solution, allowing ships to connect to an onshore power source.
Global markets were weighed down by comments from the ECB and Bank of Japan even as bullish GDP data emerged from China this week
On a per-share basis, the Zurich-based company said it had net income of 24 cents. Earnings, adjusted for one-time gains and costs, came to 30 cents per share. The results topped Wall Street expectations. ...
Global markets endured a less than favorable week as geopolitical concerns took center stage