Industrial Q3: Clinging on

Investors doubt the optimism of European industrial producers. The shares of both Swiss engineer ABB and France’s Schneider Electric are down over 50% so far this year. Both companies are clinging to their forecasts, even though large orders are falling, acquisitions are being reigned in and expansion plans are under review. Shareholders look more realistic. As the financial crisis deepens, investors are correctly looking for any sign of weakness. ABB fulfilled negative expectations by batting ...