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Tech Vendors Defy Economic Slump by Plugging into Developing World Growth
Aug 24 2008-
While many technology vendors so far have managed to defy the economic downturn - benefiting from soaring demand from developing economies - they are approaching upcoming fiscal quarters with caution.
ABB Defies Gloom, Grows Profit by 34% in Q2
Jul 24 2008-
Orders from emerging markets eclipse those of more established geographies, although problems flare as Libya detains Swiss employee.
ABB Taps GE Veteran for Top Job
Jul 17 2008-
GE Healthcare's Joseph Hogan will step into the CEO role Sept. 1, filling a position vacated abruptly last February.
GE Fanuc Fortifies Process Offering with Acquisition
Mar 31 2008-
In a move that bolsters its safety-based control offerings, GE Fanuc acquires the MOST technology portfolio from MTL Instruments Group.
ABB CEO Abruptly Steps Down
Feb 13 2008-
Fred Kindle's three-year stint as head of the automation company ends unexpectedly, prompting more questions than answers.
Rockwell Chief Says Revamp Nearly Complete
Dec 31 2007-
Entering the New Year with its expanded focus on a broad range of industries and a growing service portfolio, the automation vendor signals its transformation.
ABB Builds $3.3M War Chest as Net Income Soars 86% in Q3
Oct 25 2007-
Automation giant continues streak of double-digit order growth, driven by global need for power and automation technologies.
ABB Outlines Five-Year Growth Plan
Sep 5 2007-
Looking ahead, the automation player sees strong demand and reiterates plans to stick to its knitting, selling automation and power products in the global market.
ABB Sells Lummus Global for $950 Million
Aug 28 2007-
Completing its vision to divest non-core businesses, the Zurich-based automation company has sold its engineering, procurement, and construction division to Chicago Bridge & Iron Co.
ABB, Rockwell, Siemens Earnings Up Despite Some Strife
Jul 26 2007-
The trio of automation providers reports strong growth in product sales while all work to overcome trouble spots in the near-term outlook.
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