Swiss-Swedish engineering giant ABB said on Monday it was replacing its auditor Ernst&Young after 16 years, but insisted the shift had nothing to do with embezzlement discovered at its South Korean subsidiary.
ABB took another step into the building-automation market by purchasing Toulouse-based Newron System for an undisclosed sum, the Swiss-Swedish engineering giant announced on Monday.
Swiss-Swedish engineering giant ABB has appointed a new CEO, who has a background in oil and gas, utilities, telecoms and automotive industries and who was a key player in the acquisition of Baldor.
Swiss-Swedish engineering giant ABB said on Friday its chief executive Joe Hogan had decided to leave the company "for private reasons," but stressed he would remain on board until a successor had been found.
The government plans to budget for 400 new spots for engineering students at Sweden's universities next year in an effort to boost the country's corps of capable engineers.
Swedish-Swiss engineering giant ABB on Thursday said its 2010 net profit fell 12 percent to $2.56 billion but insisted this year will be much better while announcing large cost cuts.
Swedish-Swiss engineering giant ABB announced that its $4.2 billion offer to buy US industrial electric motor group Baldor Electric was a success, adding that it expects double-digit growth in fourth quarter operating income.
US competition authorities have cleared Swedish-Swiss engineering giant ABB's takeover of American motor and generator manufacturer Baldor Electric, the company announced on Thursday.
Officials in Stockholm have come up with a novel solution to address the student housing shortage afflicting university towns across the country: converting cargo containers into student residences.
Swiss-Swedish engineering firm ABB on Thursday reported a drop of 25 percent in third quarter net profit while orders grew strongly, thanks in part to a increased demand for renewable energy.
Swedish-Swiss engineering firm ABB, along with six other manufacturers of power transformers, have been fined a total €67.6 million ($99.4 million) for violating European Union competition rules.
Although profits reported by Swedish-Swiss engineering group ABB fell significantly in the second quarter, its results still exceeded consensus expectations.
The number of unions in Sweden’s manufacturing sector agreeing to pay cuts and shorter working hours in an effort to save jobs is increasing dramatically.
One of Sweden’s largest manufacturing sector unions said on Monday that its members are willing to allow employers to cut wages in order to avoid more layoffs.
The European Commission is investigating Swedish-Swiss Engineering group ABB as part of a large-scale investigation into alleged anti-competitive practices, the company revealed on Thursday.
ABB, the Swedish-Swiss engineering group, reported double-digit profit and sales increases for the third quarter on Thursday amid continued improvements to operational performance.
Swedish engineering group Sandvik has announced first quarter post-tax profits of 2.7 billion kronor. This was up on results for the first quarter of 2005, when the company presented profits of 1.9 million kronor.
Swedish industrial vehicles company Volvo on Monday reported a sharp increase in its second-quarter earnings, boosted by strong demand for trucks in many regions of the world.
