Business
ELECTRONICS * A General Electric Co. subsidiary is reportedly in talks to buy part of ABB Ltd.’
Aug. 28, 2002
ABB Ltd., the biggest electrical-engineering company, said it will plead guilty to bid rigging on U.S. government-financed building projects in Egypt and expects to pay as much as $63 million in fines and civil damages.
April 5, 2001
SEC Says Swiss Lawyer Aided Insider Trading: Federal regulators charged a Swiss lawyer with aiding an insider trading scheme involving the $1.6-billion acquisition of a Connecticut company by ABB Asea Brown Boveri Ltd., the Swedish-Swiss conglomerate.
June 24, 1992
ABB Ltd., Europe’s largest industrial engineering group, said it will sell most of its leasing and financing business to U.S. rival General Electric Co. for $2.3 billion in cash, to reduce its mounting debt load.
Sept. 5, 2002
Combustion Engineering Inc., a diversified international manufacturing and service concern, said Monday that it agreed to be bought by a European industrial conglomerate for $1.6 billion.
Nov. 14, 1989
Westinghouse Electric Corp. and ABB Asea Brown Boveri Ltd. of Switzerland, two leading electrical equipment makers, announced Tuesday that they are joining forces in $2.1 billion in ventures in power generation, transmission and distribution.
April 13, 1988
SEC Files Insider Trading Charges: Christian Norgren, a former director of ABB Asea Brown Boveri Ltd. was charged by the SEC with making $2.6 million through illegal trading on inside information about the Swedish-Swiss company’s acquisition of Stamford, Conn.
Sept. 7, 1990
Entertainment & Arts
Plans for ART/LA91, Los Angeles’ sixth annual contemporary art fair scheduled for Nov. 20-24 at the Los Angeles Convention Center, are moving ahead--but through troubled waters.
Aug. 10, 1991
General Electric Co. agreed to buy Deutsche Bank’s U.S. leasing unit for about $2.9 billion in cash and assumed debt, its second takeover of a European-owned financing business this month.
Sept. 17, 2002
Valeant raised its offer for Salix Pharmaceuticals Ltd. by more than $1 billion Monday, forcing rival bidder Endo International out of the running.
March 16, 2015