R/€ = 14.09
R/$ = 10.74
Au 1266.34 $/oz
Pt 1410.50 $/oz
Mar 01, 2004
ABB at the weekend named 44-year-old Fred Kindle, top executive of smaller engineer Sulzer, its new CEO, disappointing some investors who expected a higher-profile manager.
Oct 29, 2003
ABB unveiled a radical recapitalisation plan yesterday designed to raise almost $4-billion, nearly doubling its share base and putting the indebted engineering group on a sound financial footing through 2006.
Sep 04, 2003
ABB is in talks on the sale of its 50% stake in Morocco's Jorf Lasfar power plant as the engineer seeks to cut debt, it said yesterday, in a deal valued by analysts at up to $500-million.
Aug 26, 2003
Indebted engineering firm ABB may take advantage of the near doubling of its share price in the last month and raise fresh cash soon in the form of a convertible bond issue, market sources said at the weekend.
Aug 25, 2003
Shares of ABB climbed last week on growing hopes that the Swiss engineering company may win large contracts to improve the US power grid after blackouts last week exposed the system's frailty.
Jun 25, 2003
ABB shares were volatile yesterday after a US court mostly approved a key asbestos settlement, paving the way for an asset sale needed to cut the firm's debt, but left some unresolved loose ends.
May 06, 2003
Indebted engineering firm ABB yesterday denied a delay in its proposed $1,2-billion settlement of asbestos claims would impact the sale of a key unit and possibly trigger a cash call, helping shares higher.