- New ETFs
- Bond ETFs
- Currency ETFs
- Emerging Market ETFs
- Commodity ETFs
- Broad U.S. Equity ETFs
- Sector ETFs
- Specialty ETFs
ABB expected to post record Income this Quarter
Recent Articles by Benzinga Staff15
- Benzinga's Top 5 ETF Gainers (JJS, EDC, PEF, DZK, LTL)
- Apple Inc. Announces Black Friday Sale
- After Hours Gainers (HIBB, VRGY, DBRN, NVLS, MNKD)
- After Hours Losers (ADCT, ARUN, WTSLA, ZUMZ, FL)
- Dell Inc. (NASDAQ:DELL) Shares Plunge After Poor Earnings
Company News
- Tiffany Reports Earnings Monday Morning (TIF)
- Carl Icahn Makes Hostile Takeover Bid For Lions Gate Entertainment (LGF)
- Ex-Cadbury Executive To Head Kraft’s Confectionery Unit (KFT)
- Morningstar Acquires Realpoint LLC (MORN)
- Pfizer Eyes German Drug Maker Stada (PFE, TEVA)
General
- Court Asks Fed To Disclose Records Of $2 Trillion U.S. Loan Program Launched After Lehman Collapse (OPY)
- Potential Reversals 3/19/10
- Coal Prices Ready To Burn Hot In 2010?
- Bear Flag On Chart Looks Promising..But Volume Could Stall It. (NASDAQ:QQQQ), (NYSE:SPY), (NYSE:DIA)
- Markets Tank On Healthcare Uncertainty, Options Expiration. (NASDAQ:GOOG), (NASDAQ:BIDU), (NYSE:BA)
Global
- Potential Reversals 3/19/10
- Pressure Mounts On EU To Create A System To Handle Failure Of Large Banks
- Bear Flag On Chart Looks Promising..But Volume Could Stall It. (NASDAQ:QQQQ), (NYSE:SPY), (NYSE:DIA)
- Markets Tank On Healthcare Uncertainty, Options Expiration. (NASDAQ:GOOG), (NASDAQ:BIDU), (NYSE:BA)
- Stocks Take A Hit Due To Concerns Over Greece (MMM, PFE, AXP, BAC, JPM)
Movers & Shakers
- Movers and Shakers On March 18 (CAR, DPTR, MDTH, NKE, SMRT, GME, SCVL, CMRG, CRAI, PQ, SFY)
- Financials Had A Bad Day On March 18 On Downgrades And Pessimistic Outlook
- Dow Records Gains For Eight Consecutive Days While S&P 500 Falls (BA, FDX, UPS, NKE, NBR, HP, GME, INTC, PALM)
- Movers And Shakers Of March 17 (AIB, ABII, BLK, LSI, MDCO, PLCM, VHC, TIN)
- Analyst Upgrades Walmart
Press Releases
Posted on 10/19/09 at 8:20pm by Benzinga Staff15
ABB Ltd (NYSE, ABB), a company specializing in Power Transmission and Automation, has announced that they will be reporting a net income of $1 billion this third quarter after deciding not to put in more money for an expected price fixing charge by the European Union. This rise represents an increase of 7.9% of income from the previous year.
Even with the rise, ABB remains cautious and have set aside money for the European Unions’ assessed fines, 33.8 Million Euros for colluding power generation prices. They have also set aside a large sum of money for their operations in Russia. The added allocations to Russian operations are due to the tax disputes which may make the operation to expensive.
Bookmark/Search this post with:
Related Articles
Today's Trading Ideas
There are 0 comments
Please note that comments may take up to one hour before they get published on the site. Please check back later to see your comments.
Post new comment
Receive Benzinga's Best 2010 Stock Idea!
