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Financial News

Thursday February 12, 07:26 PM

 

 

The headquarters of Asea Brown Boveri (ABB) in Zurich, Switzerland

By Gaetan Bally

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The headquarters of Asea Brown Boveri (ABB) in Zurich, Switzerland, in 2002. Engineering giant ABB said Thursday its annual net profit slipped 17 percent in 2008 to 3.12 billion dollars (2.4 billion euros) after a sharp drop in big orders from emerging markets in the fourth quarter. The headquarters of Asea Brown Boveri (ABB) in Zurich, Switzerland, in 2002. Engineering giant ABB said Thursday its annual net profit slipped 17 percent in 2008 to 3.12 billion dollars (2.4 billion euros) after a sharp drop in big orders from emerging markets in the fourth quarter.


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