|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||N/A - N/A|
|52 Week Range||undefined - undefined|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The DAX ticks higher as investors digested the outcome of Germany’s general election, which delivered a win for Chancellor Angela Merkel’s conservative alliance but signaled potential turbulence ahead....
Power grids maker ABB is buying General Electric's Industrial Solutions business for $2.6 billion in a bet it can improve the division's lackluster margins over the next five years, the Swiss engineering company said on Monday. Zurich-based ABB sees potential for annual cost benefits of $200 million with the deal, which includes an agreement for long-term use of GE's brand and a strategic partnership. In 2016, the GE business had sales of $2.7 billion.
The Swiss automation and power grid conglomerate will pay $2.6 billion for GE's low-margin operation and has promised cost savings.