ABB posts 92% jump in third-quarter net
Article Abstract:
ABB Ltd. of Switzerland has posted a 92 percent net profit surge in the third quarter to $188 million from $98 million last year. The electrical engineering company consolidated, restructured its transformer business and has cost considerations from asbestos lawsuits in the United States. Revenue for ABB Ltd. is up 13 percent to $5.65 billion from $5.01 billion.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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ABB reports loss of 729.3 million euros
Article Abstract:
ABB Ltd., hurt by an asbestos charge, posted a record 729.3 million euros loss for the 2002 year. However, the company gave a positive forecast for the 2003 year.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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ABB ruling may lift prospects
Article Abstract:
ABB Ltd.'s asbestos liabilities settlement may improve the company's prospects. The $1.2 billion liability cap could persuade investors to pump money into ABB.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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