News in Brief (21 - 31 December)Here you'll find quick news about Swedish business and economy. |
News in brief (14 - 20 December)
Here you'll find quick news about Swedish business and economy.
Click on the link to find the full story.
• Pär Nuder, ex Minister of Finance, joins new board of directors of gas company Swedgas owned by Wallenberg's venture capitalist EQT.
• MTG hit by 3,361 million kronor of one-off costs from Bulgaria.
• The SKF Group will implement further restructuring and cost reduction activities to adapt the overall capacity to market conditions.
• Vattenfall plans the first wave power plant outside the Shetland Islands in the eastern Atlantic. The project could achieve installed capacity up to 20 MW as early as 2014, and it can be expanded to produce many times over that capacity.
• Mobile phone maker Sony Ericsson plans to cut around 450 jobs at its site in Lund, Sweden, as part of a plan launched in April to reduce global headcount by around 2,000 by mid-2010.
• Zhejiang Geely Holding Group aims to conclude the acquisition of Ford Motor's Volvo Car Corp in early 2010
• Fashion retailer Hennes & Mauritz AB reported a worse-than-expected drop in comparable store sales in November, marking the seventh consecutive monthly decline in sales, although it said there had been a pick-up this month.
• General Motors Co. has adjusted its plan for Saab to focus on selling the Swedish unit, with Spyker Cars NV emerging as a frontrunner, according to people familiar with the situation.
• Swedish construction firm Skanska has received orders for three building projects in the United States worth a total of $218 million.
• Swedish-based telecom Tele2 AB has acquired a majority stake in Kazakh mobile operator NEO.
• After five years in Sweden, nearly 56 percent of the men and roughly 44 percent of the women are employed. There are considerable differences among different groups.
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News in brief (7 - 13 December)
Here you'll find quick news about Swedish business and economy.
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• When President Barack Obama accepted his Nobel Peace Prize, a single Swedish company controlled the dissemination of his words.
• A consortium formed by two former Ford Motor Co executives has recruited the same Swedish investors as rival consortium Jakob AB, as the two groups race to buy the U.S. auto maker's Volvo Cars from under the nose of Geely Automobile Holdings Ltd
• There is so far no need for the International Monetary Fund to help Greece deal with its budget deficit and Europe must solve its budgetary problems on its own first, Swedish Finance Minister Anders Borg said.
• New orders for Swedish industry up in October
• The Activity Index measures the activity in the Swedish economy and dropped in October.
• Saab remains optimistic a buyer can be found for the whole company in the face of indications its owner, General Motors Co, is talking to China's BAIC about a partial sale of assets tied to the Swedish brand.
• European Union countries aren't uniformly following a global agreement on bankers' bonuses, Swedish Finance Minister Anders Borg
• Music industry takes aim at Swedish file sharers.
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News in brief (30 Nov - 6 Dec)
Here you'll find quick news about Swedish business and economy.
Click on the link to find the full story.
• Weaker krona led to increased value of direct investments abroad.
• American Reynolds to buy Swedish smoke-ending firm Niconovum AB.
• Privately held Danish bank Saxo has agreed to buy the local Nordic trading business of U.S.-based online bank and brokerage E-Trade.
• A consortium, Crown, led by two former Ford Motor Co. executives submitted a revised bid this week for Ford's Volvo unit in hopes of beating out a rival offer by China's Zhejiang Geely Holding Group Co.
• Saab guarantees by the state only if production and jobs stay.
• Swedish coffee family Löfberg and its brand Löfbergs Lila made a record profit last quarter as it five-folded its sale in Sweden, the company said Wednesday.
• Sick leave increases in Sweden.
• Goldman Sachs lifts targets on Swedish auto sector; motor vehicle groups Scania and AB Volvo and on seat-belts maker Autoliv AB.
• Swedish union IF Metall urges Prime Minister Fredrik Reinfeldt to contact GM over Saab.
• Sweden Social Democrats don’t rule out cutting state ownership in companies including TeliaSonera AB, the nation’s largest phone company, Mona Sahlin Say.
• Insurance companies' shareholdings continue to increase.
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