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ABBN.S on Virt-X Level 1

15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

ABB CEO says company well positioned to take part in $500b Saudi mega city project
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Abb Ltd :ABB CEO says confident that ambition to accelerate growth will pay off in 2018.ABB CEO says company has been better dealing with raw materials price increases.ABB CEO says sees opportunity to increase margins in robotics business.ABB CEO says expects to improve business in saudi arabia, will do best to participate in $500b mega city project.  Full Article

UK's SFO investigating ABB Ltd's UK units for suspected bribery, corruption
Friday, 10 Feb 2017 

UK's Serious Fraud Office: UK's SFO - commenced investigation into activities of ABB Ltd's United Kingdom units, their officers, employees and agents for suspected bribery and corruption .UK's SFO - investigation is related to SFO's ongoing investigation into activities of Unaoil..  Full Article

Fluor Corp and ABB form alliance to deliver large EPC substation projects globally
Tuesday, 4 Oct 2016 

Fluor Corp : Global strategic alliance for execution of large turnkey engineering, procurement, construction (EPC) electrical substation projects . Both parties will work together to formalize partnership before year end . Flour Corp says both parties will work together to formalize partnership before year end .Fluor Corp - Co and ABB form alliance to deliver large EPC substation projects globally.  Full Article

ABB CEO says will consider M&A in Power Grids
Tuesday, 4 Oct 2016 

ABB Ltd : CEO says company will continue active portfolio management, continuously review portfolio -media call . CEO says will consider M&A in power grids -media call . CEO says sees sales and cost synergies from keeping power grids business . CEO says sees tough conditions continuing in Q3 Europe, U.S. . CEO says has spoken with large shareholders Investor AB and Cevian this morning . CEO says we have a very good dialogue with shareholders. Had a friendly and open conversation with Investor AB and Cevian Further company coverage: [ABBN.S] (Reporting By Zurich newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Abb says completes $3.5 bln share buyback started in 2014
Friday, 30 Sep 2016 

Abb Ltd : Says has completed its share buyback program announced in September 2014 .Says repurchased 171,335,000 registered shares (equivalent to 7.4% of its issued share capital at launch of the buyback program) for a total amount of approximately usd 3.5 billion.  Full Article

ABB Chief tells staff a Kuka bid is 'pure speculation'- Bloomberg
Friday, 24 Jun 2016 

: ABB Chief tells staff a Kuka bid is 'pure speculation'-Bloomberg, citing memo Source (http://bloom.bg/292p0Cc) (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

ABB Ltd says join forces with Aker for subsea production
Wednesday, 27 Apr 2016 

ABB Ltd:Says ABB and Aker Solutions join forces to propel and power subsea production.Says agreement to build on their combined strengths in subsea, power and automation technologies to develop solutions.Says collaboration will target opportunities globally, building on the companies’ presence in oil and gas markets worldwide and will be headquartered in Oslo, Norway.  Full Article

ABB Ltd wins $250 mln order to link offshore wind farm to UK grid - Reuters
Thursday, 31 Mar 2016 

ABB Ltd:Wins $250 million order to link offshore wind farm to UK grid from Danish energy company DONG Energy - Reuters.  Full Article

ABB Ltd to propose FY 2015 dividend
Wednesday, 3 Feb 2016 

ABB Ltd:Proposes dividend of 0.74 euros per share for FY 2015.  Full Article

U.S. startup Uptake valued at $2.3 bln in new funding round

NEW YORK, Nov 30 U.S. analytic software firm Uptake Technologies Inc said on Thursday it raised $117 million in venture funding, a deal that gave it a valuation of $2.3 billion.