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SWEDEN

LED lamp wins Nobel Physics prize for Japanese trio

STOCKHOLM, SWEDEN: Three Japanese-born researchers won the Nobel Prize for Physics for inventing the LED lamp, a boon in fighting global warming and aiding people in poverty.

8 Oct 2014

SWEDEN

Volkswagen buys Scania as Swedish shareholder sells stake

STOCKHOLM, SWEDEN: Volkswagen, Europe's biggest car manufacturer, was set to take full control of Swedish truck manufacturer Scania after a small but crucial shareholder agreed to sell its shares.

15 May 2014

SWEDEN

Volvo cuts 2,400 more jobs as truck sales drop

STOCKHOLM, SWEDEN - Swedish truck maker Volvo is cutting 2,400 jobs in addition to 2,000 cuts the group announced in October, in a move aimed at boosting falling profitability.

8 Feb 2014

SWEDEN

Ericsson and Samsung settle patent dispute

STOCKHOLM, SWEDEN: Swedish telecommunications equipment manufacturer Ericsson said on Monday, 27 January, it had signed a deal with South Korean electronics company Samsung settling a global patent dispute.

28 Jan 2014

SWEDEN

Saab to enter Chinese market after two-year break

STOCKHOLM, SWEDEN - Saab cars will roll off the production line in Sweden two years after the former General Motors subsidiary filed for bankruptcy.

2 Dec 2013

SWEDEN

Volvo, Electrolux slash total of 4,000 jobs

STOCKHOLM, SWEDEN: Swedish industrial heavyweights Volvo trucks and Electrolux announced a total of 4,000 job cuts around the world on Friday when they published disappointing figures for the third quarter.

28 Oct 2013

SWEDEN

Swedish SKF's net profit drops in the third quarter

STOCKHOLM, SWEDEN: Swedish ball bearing manufacturer SKF announced a decrease of its net profit in the third quarter, amid lower-than-expected sales in its industrial business.

16 Oct 2013

SWEDEN

Volvo sales fall, loss reported

STOCKHOLM, SWEDEN: Swedish heavy truck and construction equipment manufacturer Volvo last week reported a quarterly loss as sales plummeted to their lowest since the start of Europe's financial crisis.

29 Apr 2013

SWEDEN

Mobile surfers boost Internet growth - Ericsson

STOCKHOLM, SWEDEN: Troubled telecommunications equipment manufacturer Ericsson said it was confident about prospects this year as more operators boost network capacity to meet growing demand for video streaming services such as YouTube.

5 Feb 2013

FRANCE

Renault sells stake in Volvo trucks

PARIS, FRANCE: Renault has sold its stake in Swedish truck manufacturer Volvo AB for €1.5bn to cut debt and make strategic investments.

14 Dec 2012

UNITED KINGDOM

Sony to acquire Ericsson's share of Sony Ericsson

LONDON, UK / Tokyo, Japan: Sony Ericsson is to become a wholly-owned subsidiary of Sony and will be integrated into Sony's broad platform of network-connected consumer electronics products. The transaction also provides Sony with a broad IP cross-licensing agreement and ownership of five essential patent families.

31 Oct 2011