ABB lifts targets as business gains; in hunt for deals

Article Abstract:

Swiss electrical engineering firm ABB Ltd. has adjusted its yearly sales growth target from 5% to between 8% and 11% over the next five years, and adjusted its operating profit margin target from 10% to between 11% and 16%. ABB has made the adjustments amid a global rise in electrical infrastructure demand.

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ABB net jumps on strong order growth

Article Abstract:

ABB Ltd. of Switzerland posted stellar net profit increases by 90 percent in the fourth quarter to $422 million from $222 million last year. Sales increased 21 percent to $7.19 billion. Strong growth was due to improved cost management strategies with increased business in Europe, Middle East and Asia.

Sales, profits & dividends, Company sales and earnings, Company earnings/profit, Company overview

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UBS nods to critics in board change

Article Abstract:

In an effort to appease shareholders over subprime mortgage-related losses, UBS AG implements policies to allow for faster boardroom changes. Article discusses expected reforms and the company's management under present Chairman Marcel Ospel.

Commercial Banks, Financial management, Executive changes & profiles, Banking industry, Officials and employees, Corporate directors, Appointments, resignations and dismissals, Beliefs, opinions and attitudes, UBS AG, Investor relations, Ospel, Marcel

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