Thomas Schmidt News
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The U.S. Transportation Department shut down a Washington-based bus company specializing in tours and parties, intensifying federal investigations of safety breaches by bus companies.
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ABB Ltd. will undertake a $350 million overhaul of its power-systems business to eliminate low- margin contracts in solar-energy and sewage as it follows competitor Siemens AG in purging costs.
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ABB Ltd., Adidas AG and German carmakers including BMW AG continued to retrench operations in Egypt as protesters urged a million people to take to the streets today and force President Hosni Mubarak from office.
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Cooper Industries Plc , the maker of electrical distribution equipment with a valuation 52 percent greater than Tyco International Ltd., is looking more like the target that proves you get what you pay for.
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ABB Ltd. shares fell as much as 4.2 percent after the world’s largest supplier of power grids said it sees no immediate recovery in Chinese demand in construction and transportation.
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JPMorgan Chase & Co .’s stock research group won the top slot in Institutional Investor magazine’s 39th annual ranking for the first time, breaking Barclays Plc ’s two-year winning streak.
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ABB Ltd. , the world’s biggest electricity-networks builder, agreed to pay about $58.3 million to resolve claims by U.S. prosecutors and regulators that its units made corrupt payments to win business in Mexico and Iraq.
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