Business ::
Zurich, Switzerland (GenevaLunch) – ABB, Switzerland’s largest engineering group, says that positive developments will allow it to post a $1 billion profit when its official figures are announced 29 October. The more upbeat business environment has allowed the company to reduce its provisions against charges in the third quarter, boosting its profits. At the end of 2008, ABB announced that compliance, tax and restructuring costs would require it to reduce its forecast profits.
