ZURICH, Switzerland — ABB and its U.S. subsidiary Combustion Engineering (CE) announced that they have agreed on a pre-packaged bankruptcy plan for CE with representatives of asbestos plaintiffs, ...

Swiss-Swedish engineering giant ABB Ltd. Tuesday said it hopes to finalize within days proposals to settle asbestos litigation in the United States. Company spokesman Thomas Schmidt said ABB was ...

ABB chief executive Mr Juergen Dormann told a Swiss newspaper that the embattled engineering group was not threatened with bankruptcy… ABB chief executive Mr Juergen Dormann told a Swiss newspaper ...

ABB Ltd. said its U.S. subsidiary Combustion Engineering, threatened by spiraling asbestos claims, has filed for Chapter 11 bankruptcy-court protection in a Delaware court, fueling hopes it can put ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. ABB, the Swiss-Swedish engineering group, took a big step towards resolving its long-standing asbestos problems ...

Sixty-two hourly employees at ABB Combustion Engineering Nuclear Fuel in Windsor have received layoff notices related to the consolidation in Missouri of the unit’s uranium-handling operations, a ...

ABB shares soared nearly 20pc yesterday on hopes that Europe's biggest engineering group could overcome its asbestos-related liabilities after its US unit, Combustion Engineering, filed for bankruptcy ...

ABB, the Swiss-based power and automation technology group, reported on April 1 that no appeals have been filed with the U.S. District Court opposing a revised Plan of Reorganization for its U.S.

Shares in ABB fell 44 per cent on Tuesday morning after the Swiss-Swedish engineer warned that mounting compensation payments could force its American subsidiary to seek bankruptcy protection. In ...