English News

Cell phone maker Sony Ericsson posted a first-quarter profit more than double what analysts expected and said strong sales of new camera phones boosted its market share as consumers flocked to its low- and mid-range phones that feature bright colors, clamshell cases and entertainment options.
Read More (DailyNews.com)

Ericsson and the Swedish Rescue Services Agency have signed an agreement formalizing their cooperation in disaster relief operations globally. Sharing information and expertise will enhance the effectiveness of both organizations'operations.
Read More (Stockhouse.com)

Ericsson has been awarded a USD 32 million contract to supply cellular equipment and services to Scancom, the leading telecoms operator in Ghana.

The deal will see Scancom implementing GSM networking technologies, including Wireless Application
Protocol (WAP) and Multimedia Messaging Service functionality (MMS) over the African continent's first EDGE-capable network. The EDGE services will be available for clients that need added services in future.
Read More (Stockhouse.com)

Swedish fashion retailer Hennes and Mauritz posted better than expected first quarter results, boosted by increased sales and reduced inventories.
Read More (Yahoo News)

Volvo Aero, a unit of Swedish truck and bus maker Volvo, said Monday it had received a contract from Europe's largest airline British Airways to sell its surplus spare parts.
Under the multiyear agreement, Volvo Aero will also supply British Airways with inventory from the aftermarket, which the company said will provide British Airways with current and future requirements at reduced cost.
Read More (StockHouse USA)

Ericsson, the leading maker of mobile infrastructure, says it intends to increase its stake in Symbian, the maker of software for smart phones, to prevent Nokia from gaining a majority stake in the company.
Read More (Financial Times)

The Volvo Group is carrying out an industrial relocation in Europe as a result of which manufacture of crankshafts for medium-heavy truck engines is being increased at Villaverde, Spain, while Renault's truck production is being concentrated to Bourg-en-Bresse in France. The relocation is a consequence of the transition to a greater degree of shared technical architecture for trucks within the Volvo Group.
Read More (PrimeZone Media Network)

IKEA, the Swedish retailer known for its cheap, chic home furnishings, is looking to open its first Florida store in Davie. It would be the first in Florida.
Read More (The Miami Herald)

The Swedish Volvo group is to introduce drug tests for new staff at the majority of its Swedish operations during the spring.

The group has said that it is not affected any more than other industries, but wants to put efforts into preventive measures as workers who feel good do a better job and help increase profitability, reported the Swedish news service TT. (Stockhouse)

Imagine paying off a $200,000 mortgage and ending up with not only a mortgage-free house, but also $200,000 in cash.
In NZ's interest-driven banking system, it would be inconceivable.
Read More (The Age)