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Heavy Electrical Equipment

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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.

Baoding Tianwei Baobian Electric to liquidate and dissolve unit

Monday, 16 Oct 2017

Oct 16(Reuters) - Baoding Tianwei Baobian Electric Co Ltd <600550.SS>:Says it plans to liquidate and dissolve Baoding-based unit, which is mainly engaged in sales, maintenance and related technical consulting service of transformer and electrical equipment.

CAPSTONE FURTHER LOWERS QUARTERLY OPERATING EXPENSE TARGET TO $5 MLN PER QUARTER

Tuesday, 10 Oct 2017

Oct 10 (Reuters) - Capstone Turbine Corp ::CAPSTONE FURTHER LOWERS ITS QUARTERLY OPERATING EXPENSE TARGET ON ENGINEERING RESTRUCTURING.CAPSTONE TURBINE SAYS ‍FURTHER LOWERING QUARTERLY OPERATING EXPENSE TARGET FROM $5.5 MILLION PER QUARTER TO $5.0 MILLION PER QUARTER​.CAPSTONE TURBINE - ‍NEW RESTRUCTURING PLACES ALL OF CO'S ENGINEERING ASSETS INTO 1 NEW TECHNICAL SOLUTIONS GROUP REPORTING DIRECTLY TO CO'S CEO DARREN JAMISON​.CAPSTONE TURBINE CORP - CO INITIALLY REDUCED ITS QUARTERLY OPERATING EXPENSES FROM $10.5 MILLION IN Q1 OF FISCAL 2016 TO $6.1 MILLION IN Q3 OF FISCAL 2017​.CAPSTONE TURBINE - ‍NEW ENGINEERING RESTRUCTURING & OTHER COST REDUCTION ACTIVITIES FURTHER REDUCE OPERATING EXPENSES BY APPROXIMATELY $500,000 A QUARTER​.

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