|Bid||24.94 x 3100|
|Ask||24.95 x 14000|
|Day's Range||24.82 - 24.98|
|52 Week Range||20.26 - 25.83|
|PE Ratio (TTM)||24.03|
|Dividend & Yield||0.76 (3.03%)|
|1y Target Est||24.92|
ABB Ltd's (ABB) cost-saving initiatives and diligent restructuring efforts are proving conducive to the company's strong performance, stoking growth.
With the dust finally settling on the news that General Electric Company (NYSE:GE) has a new CEO—John Flannery officially replaced Jeff Immelt on August 1st—owners of GE stock can once again focus their attention on the matters that concern them the most. There was chatter about it being cut prior to Immelt’s exit and though Flannery is serious about cutting expenses, there’s no assurance that’ll be enough. Here’s a chart and one simple “food for thought” reality that all current and would-be owners of GE stock need to process sooner than later.
Let's analyze what the sale of GE Industrial Solutions means for the investment thesis behind both stocks.
General Electric Company (NYSE:GE) made its name as a lighting company and morphed into an industrial conglomerate. GE this week agreed to sell its industrial-solutions business to Switzerland’s ABB Ltd (ADR) (NYSE:ABB) for a cool $2.6 billion. Since Flannery took over for embattled former CEO Jeff Immelt on Aug. 1, General Electric stock is down 4.8%.
LONDON, UK / ACCESSWIRE / September 27, 2017 / Pro-Trader Daily looks at the latest corporate events and news making the headlines for ABB Ltd (NYSE: ABB ), following which we have published a free report ...
Rating Action: Moody's affirms ABB's A2/P-1 ratings, stable outlook. Global Credit Research- 26 Sep 2017. Approximately $7.17 billion of rated debt affected.
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.
Tesla's second stock "correction" of the year is worrying, but the future of electric cars certainly isn't.
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....
U.S. stock futures trade lower on Monday, and European stocks are mixed as investors strike a cautious note after Chancellor Angela Merkel won a smaller-than-expected victory in Germany's federal elections....
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.
Rating Action: Moody's assigns first-time Ba1 rating to Kungsleden AB; positive outlook. Global Credit Research- 25 Sep 2017. London, 25 September 2017-- Moody's Investors Service has today assigned a ...
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 ...