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GE: Trust The Process

Despite headlines, it’s not all bad for General Electric You might have seen that General Electric just laid off over 200 workers from its GE Power branch in Schenectady, NY. Perhaps you noticed July 30, when GE Digital, a promising standalone cousin created in 2015, announced it would be selling off its assets. Possibly you’ve […]

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Drone Zone

The drone market is growing faster and larger than expected The drone market is growing faster and larger than expected. A new report from Navigant Research expects it to reach at least $13 billion by 2026. The report examines the use of drones and robotics for electric transmission and distribution (DRTD) operations, with global market […]

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Dow and Out

GE dropped from Dow Jones Industrial Average after over 100 years General Electric was removed from the Dow Jones Industrial Average June 15. It was replaced by the parent company of the Walgreens chain of pharmacies. General Electric was off and on the average repeatedly in its early years, but had been a fixture since […]

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Century Mark

Fraba Group turns 100, celebrates growth with earnings The Fraba Group, pioneers of electric control systems and encoders, turns 100 this year. The Holland-based company with U.S. headquarters in Hamilton, N.J., gets to celebrate with strong recent financial growth. In 2017, turnover increased by 21 percent over the previous year, with total sales revenues of […]

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Recharge, Rethink

ABB news of both varieties: power grids, EV stations When you have 136,000 employees across 100 countries, I guess you grow to expect the good and the bad. Weathering the unexpected—and filtering negative outcomes—are probably woven into the company mantra. Heck, it’s sometimes even calculated to release one as a counterweight to the other. So […]

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Power Move

ABB buys GE’s industrial solutions unit for $2.6 billion Swiss power firm ABB said it will buy General Electric’s industrial solutions unit for $2.6 billion, the companies announced Monday. For ABB, the acquisition targets a number one spot in the electrification market, where it currently competes with Schneider in utilities equipment services and power grid […]

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ABB: A Bad Break

ABB uncovers criminal activity in its South Korea subsidiary ABB has uncovered a “sophisticated criminal scheme”, related to a significant embezzlement and misappropriation of funds in its South Korean subsidiary ABB Korea, the company reported February 22. The amount is estimated to be around 100 million dollars. The man responsible for the scheme is reportedly Oh […]

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Manu-facts & Figures

Where do we stand with factory output? Here’s the definite positive: A report on Wednesday showed a monthly increase in factory output for the first time in three months. The Bloomberg survey revealed an 0.4 % uptick in manufacturing for last month, which exceeded expectations, and the median forecast, after a 0.1% drop in September […]

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ABB Making Moves

Four announcements in past week An automation company has been in motion this week – in more ways in one. ABB Group, of Zurich, Switzerland, has been active this past week with a combination of acquisitions, releases, partnerships and projections. Last Wednesday, the company announced the groundbreaking of a new, $70-million, 300,000-square foot tech center […]

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Bearing the Weight

Schaeffler forced to reduce IPO Following the Volkswagen emissions scandal of last week, affiliates of the German automaker are experiencing similar damages. Schaeffler AG, the ball bearings manufacturer with more than 200 locations in over 50 countries worldwide, was forced to reduce its IPO offering this week after delaying last week. IPO stands for Initial […]

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