https://feeds.thelocal.com/ Read the latest news and views from Sweden in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed 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. https://www.thelocal.se/20170522/swedish-swiss-abb-insists-fraud-not-to-blame-for-auditor-switch-after-16-years Mon, 22 May 2017 15:50:40 +0200 swedish-swiss-abb-insists-fraud-not-to-blame-for-auditor-switch-after-16-years 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. https://www.thelocal.se/20130805/49442 Mon, 05 Aug 2013 12:28:00 +0200 49442 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. https://www.thelocal.se/20130617/48532 Mon, 17 Jun 2013 12:19:00 +0200 48532 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. https://www.thelocal.se/20130510/47818 Fri, 10 May 2013 12:49:00 +0200 47818 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. https://www.thelocal.se/20120828/42860 Tue, 28 Aug 2012 11:11:00 +0200 42860 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. https://www.thelocal.se/20110217/32096 Thu, 17 Feb 2011 08:26:00 +0100 32096 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. https://www.thelocal.se/20110126/31652 Wed, 26 Jan 2011 11:35:00 +0100 31652 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. https://www.thelocal.se/20110121/31556 Fri, 21 Jan 2011 08:43:00 +0100 31556 Swedish lock giant Assa Abloy has offered to buy industrial and garage door maker Cardo for 11.3 billion kronor ($1.64 billion). https://www.thelocal.se/20101213/30816 Mon, 13 Dec 2010 16:45:00 +0100 30816 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. https://www.thelocal.se/20101112/30178 Fri, 12 Nov 2010 12:57:00 +0100 30178 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. https://www.thelocal.se/20101028/29874 Thu, 28 Oct 2010 12:03:00 +0200 29874 Net profits at Swedish-Swiss engineering group ABB jumped 12 percent in the third quarter to $1.03 billion, the company announced on Thursday. https://www.thelocal.se/20091029/22940 Thu, 29 Oct 2009 08:11:00 +0100 22940 Swedish-Swiss engineering group ABB expects third quarter net profits to hit one billion dollars, the company announced on Monday. https://www.thelocal.se/20091019/22740 Mon, 19 Oct 2009 13:30:00 +0200 22740 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. https://www.thelocal.se/20091007/22520 Wed, 07 Oct 2009 18:05:00 +0200 22520 Although profits reported by Swedish-Swiss engineering group ABB fell significantly in the second quarter, its results still exceeded consensus expectations. https://www.thelocal.se/20090723/20866 Thu, 23 Jul 2009 13:20:00 +0200 20866 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. https://www.thelocal.se/20090416/18894 Thu, 16 Apr 2009 18:47:00 +0200 18894 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. https://www.thelocal.se/20090302/17936 Mon, 02 Mar 2009 16:09:00 +0100 17936 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. https://www.thelocal.se/20081211/16296 Thu, 11 Dec 2008 16:18:00 +0100 16296 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. https://www.thelocal.se/20081023/15158 Thu, 23 Oct 2008 10:26:00 +0200 15158 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. https://www.thelocal.se/20060502/3701-2 Tue, 02 May 2006 17:25:00 +0200 3701-2