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ABB warns of 'hard weather sailing'

Jun. 24, 2015 7:56 AM ETABB Ltd (ABBNY) StockABBNYBy: Yoel Minkoff, SA News Editor
  • ABB faces "hard weather sailing" in key businesses due to a second-quarter slowdown in several of its major markets, CEO Ulrich Spiesshofer told Reuters.
  • A slowdown in China, a sharp drop in spending by customers in the oil and gas industry, and U.S. growth rates are all factors which will weigh on results.

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