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[$$] ABB Profit Falls, Misses Forecasts

Ltd. (ABBN.EB) said Thursday that earnings fell in the fourth quarter despite orders rising across all divisions and regions. The Swiss engineering group said net profit for the October-to-December period fell to $317 million from $393 million a year earlier. ABB said profitability was hit by higher costs and charges from legacy operations as well as the acquisition of GE Industrial Solutions.