Feeds
Swedish fashion retailer Hennes & Mauritz AB on Thursday posted a 2.4 percent drop in fourth-quarter net profits, slightly weaker than market expectations, due to higher materials costs and heavy discounting to attract customers during an economic downturn.
LM Ericsson, the world-leading wireless equipment maker in terms of market share, on Wednesday shocked the market by posting a much worse-than-expected fourth-quarterly result, mainly blaming operators for turning cautious due to the global financial turmoil.
A winner of the Nobel prize in economics says that a decade ago he feared the euro would face problems because there wasn't enough fiscal coordination between countries to support it.
For some reason, Scandinavia is not its frigid self, with unusually warm weather delaying the onset of winter in northern latitudes normally decked in white.
One of Henrik Holgersson's friends laughed in his face when he told him he was going to spend the better part of 2011 as a stay-at-home dad.
Three U.S.-born scientists won the Nobel Prize in physics Tuesday for discovering that the universe is expanding at an accelerating pace, a stunning revelation that suggests the cosmos could be headed for a colder, bleaker future, nearly devoid of light.
Swedish fashion chain Hennes & Mauritz AB on Thursday posted a near 15 percent drop in third-quarter net profits mainly on the back of rising procurement costs, a bump-up in the expansion of new stores, a lower U.S. dollar as well as marketing investments.
Two Swedish trade unions filed bankruptcy petitions Monday against Saab Automobile, pressuring the troubled automaker to present a viable funding solution or face collapse within weeks.
Shares in Swedish Automobile, the owner of struggling car maker Saab, have plummeted after it postponed the release of its earnings figures for the first six months of the year, saying the report has yet to be completed.
A new book claims IKEA founder Ingvar Kamprad's youth ties with Nazi groups extended beyond what he has previously admitted, saying Sweden's intelligence agency even set up a special file on him.
Scandinavian airline group SAS AB posted its best earnings since 2008 during the second quarter of the year on the back of more passengers and lower costs.
Automaker Saab's recovery efforts were dealt a setback Tuesday after Sweden's state-controlled debt collector announced that a group of creditors has demanded its money back.
Norwegian police said Monday that the double-counting of bodies in the chaotic aftermath of a shooting spree may have contributed to a dramatic overestimate of the number of people slain, but they offered few other details about the error.
Swedish fashion retailer Hennes & Mauritz AB on Wednesday blamed higher procurement costs as well as campaigns and special offers for an 18 percent drop in second-quarter profits.
Did the Swedish king visit strip clubs, and why did his friend seek a gangster's help to snuff out the scandal? Those questions have the nation in a tizzy and are posing the monarchy its most serious challenge during Carl XVI Gustaf's nearly four decades on the throne.
Spyker Cars NV's cash-strapped Swedish unit Saab Automobile on Friday resumed car production after a near seven-week standstill caused largely by payment problems to its suppliers.
Scandinavian airline group SAS AB on Tuesday said its first-quarter loss narrowed 48 percent to 373 million kronor ($60 million), from 712 million kronor last year, thanks mainly to its cost reduction program.
Volvo Cars said Tuesday it will embark on a major recruitment program, hiring up to 1,200 workers within a 12-month period as it makes a major push to develop fuel-efficient vehicles.
The year was 1986. The setting, one of Stockholm's most exclusive restaurants. Thomas Harmgardt, a newly arrived German chef, strapped on his apron and got to work.
Nordea AB, the largest bank in the Nordic region, on Wednesday reported a 72 percent jump in fourth-quarter earnings, as interest income grew and loan losses shrank.
A Swedish appeals court on Friday upheld the copyright convictions of three men behind The Pirate Bay, a popular file-sharing site that remains in operation despite attempts by authorities to shut it down.
Scandinavian airline company SAS AB on Wednesday reported a steep loss for the third quarter, mainly due to one-time charges including a 660 million kronor ($98 million) price-fixing fine by the European Union.
Swedish home appliance maker Electrolux AB said third-quarter net profits fell 15 percent because of slacker sales in Europe and North America, higher raw material costs and more spending on marketing.
Peter Diamond's research on unemployment is good enough to earn him the Nobel Prize in economics — but not to get him on the Federal Reserve.
Swedish truck maker Scania AB on Friday returned to a healthy second-quarter net profit, mainly thanks to higher vehicle volumes, better capacity use and lower costs. Improved margins also helped boost the results.
Log In | Register
