Dec 17, 2018 - ABB announces that it reached an agreement to sell its Power Grids business to Hitachi at a headline valuation of 11x EBITDA.Another restructuring effort aligns ABB's businesses more logically and sho
Dec 17, 2018 -
Following the market opening Monday, the Dow traded down 0.66 percent to 23,942.72 while the NASDAQ declined 0.37 percent to 6,885.19. The S&P also fell, dropping 0.53 percent to 2,586.31.
Leading and Lagging Sectors
Dec 17, 2018 - ABB is in the process of selling its Power Grids division to Hitachi.This equals getting rid of its worst performing business units in terms of revenue and profitability.I believe the amount of cash f
Dec 17, 2018 - Names on the move ahead of the open.
Dec 17, 2018 - Today's Top Stories: ABB power deal; budget battles continue in Congress; and Obamacare headed for higher court review. If you are interested in listening to Wall Street Breakfast to start your day, l
Dec 17, 2018 - Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on iTunes, Stitcher and SoundCloud (click the highlighted links). ABB's has reached a deal to offload 80.1% o
Dec 17, 2018 - Hitachi (OTCPK:HTHIY) has reached a deal to acquire 80.1% of ABB's $11B power grid business, making the Japanese conglomerate the world No. 2 in heavy electrical equipment behind GE.The sale of its le
Dec 12, 2018 - Seeking to build up its overseas presence, Hitachi (OTCPK:HTHIY) is in the final stages of talks to acquire the power grid business of Switzerland's ABB for up to an estimated ¥800B ($7.1B).It would b
Dec 10, 2018 - HSBC has upgraded ABB (NYSE:ABB) to Buy from Hold, citing order patterns at the Swiss energy and automation technology company that have gradually improved.Modifications at the group level have also b
Dec 04, 2018 - ABB and Helsinki City Transport have taken the next step in autonomous shipping, according to a press release.In the remote trial, Suomenlinna II was retrofitted with ABB’s new dynamic positioning sys