ABB eyes third quarter profits of $1 billionSwedish-Swiss engineering group ABB n. 1. Among weavers, yarn for the warp. Hence, Noun 1. ABB - an urban hit squad and guerrilla group of the Communist Party in the Philippines; formed in the 1980s said on Monday it expected to post one billion dollars (670 million euros) in net profit for the third quarter after a significant cut in its provisions. The group set aside 850 million dollars in December for likely costs from US and EU probes into alleged cartel activities, a tax dispute and asset writedowns. But it has now reduced the provisions to 380 million dollars. "ABB?s provisions as at the end of the third quarter will be impacted primarily by changes in the provisions relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc alleged anti-competitive practices Anti-competitive practices are business or government practices that prevent and/or reduce competition in a market (see restraint of trade). Anti-competitive practices can include: The group was fined 33.75 million euros (50 million dollars) by the European Commission over anti-competitive practices in the power transformer market. ABB added that its third-quarter earnings, which are scheduled to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. on October 29, would be hit by an increase in charges incurred by its business in Russia. "As a result, ABB continues reviewing the situation and assessing its business model in Russia," it added. In July, the group posted net profits of 675 million dollars for the second quarter. 
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