Continuing a long-term strategy, ABB Asea Brown Boveri is cutting 10, 000 jobs in Europe and America, an 8% reduction, and moving more production to Asia, where a quarter of its orders originated last year.

ECONOMIST: Battered

Assets: Over 4% of ABB, parent of Swiss-Swedish Asea Brown Boveri.

FORBES: Europe

ABB, the company that arose from the 1988 merger of the Swedish firm ASEA and the Swiss one Brown Boveri, is hoping to get a lot more business like that.

FORBES: Companies, People, Ideas