ABB, Ltd (NYSE: ABB – $23.25) announced it is going to sell its Baldor Electric subsidiary’s U.S. generator-set business to Generac Holdings, marking this the first major action taken by new CEO Ulrich Spiesshofer. The Zurich-based maker of power and automation technology systems did not release the terms of the deal, which is expected to close by the end of the fourth quarter. ABB said it was divesting the business because of limited synergies with the company’s core portfolio. ABB will report third quarter results later this month and I am looking for earnings per share of $0.32, somewhat less than what the Street is expecting. Nonetheless, full year earnings can still come in at $1.35, up from $1.18 last year and we can possibly see $1.54 for 2014. Long-term, the shares have worthwhile total return potential for conservative accounts and the company pays out a handsome dividend yielding 3%.