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Sales Down at ABB, Schneider; Reorgs Ordered
Feb 18 2010-
In addition to aggressive cost cutting, the two automation giants reorganize automation groups in an attempt to jump-start 2010 activity.
ABB Automation Reorganizes
Nov 30 2009-
Two new divisions align discrete technologies, channels, and services, while fueling speculation that ABB is looking for acquisitions.
ABB Adjusts Q3 Expectations Upward
Oct 19 2009-
The automation company revises its third-quarter guidance upward, based on an expectation of decreased expenses related, in part, to corruption investigations.
Honeywell Q2 Declines Reflect Continuing Doldrums
Jul 27 2009-
Automation unit once again outpaces the company’s other businesses.
ABB Battered by Recession as Sales, Profits Fall, and Workers Are Cut
Jul 23 2009-
The automation company’s robotics division is hit hard, but leaders are optimistic for long-term growth in renewables and emerging markets.
Rockwell Broadens Asset Management
May 21 2009-
The company adds support for Field Device Tool to its PlantPAx automation system, hoping to protect customer investments and strengthen its process industry ties.
Rocky Results for Two Automation Stalwarts
Apr 24 2009-
Honeywell and ABB posted double-digit declines in the first quarter, citing contractions in demand, and vowed to become nimbler in anticipation of an economic recovery.
ABB Q4 Cuts into Strong Year
Feb 12 2009-
A decrease in orders in the fourth quarter undermines an otherwise strong fiscal year, and ABB implements a cost-cutting program to drive profitability back into the business.
Financial Scandal Rocks Satyam, Leaders Pledge Continuity
Jan 8 2009-
The chairman of the Indian IT services provider resigns, saying he had falsified the company’s accounting for years; remaining leaders promise to meet existing business commitments.
ABB Expects Big Hit from Governance Investigation, Looks to Cut Costs
Dec 22 2008-
The power and automation purveyor braces for the financial impact of U.S. and European investigations into suspicious activities; plans to slash expenses by $1 billion.
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