Ericsson News & Latest Ericsson Headlines

Ericsson Chairman Treschow to Step Down by End of 2012

7:22AM 12/06/2010

Company News, Technology, People, Ericsson

Michael Treschow, chairman of Ericsson AB (ERIC), will step down by the end of 2012. The company will appoint a successor at one of the next two annual shareholder meetings, Bloomberg News reported. Treschow, 67, took the position in March 2002. "This is something that has grown inside me since...

Ericsson Drops in Pre-Market Trading on Sales Decline

8:34AM 7/23/2010

By Hugh Collins

Company News, Technology, Media, Ericsson, Stocks in the News

Ericsson (ERIC) dropped in pre-market trading after reporting a decline in quarterly sales. The company slipped 6.3% to $11.38 a share at 8:15 am EDT. Net sales fell 8% from a year earlier to 48 billion kronor ($6.6 billion), Ericsson said in a statement. "Operators showed a continued good...

Sony Ericsson Earnings: Troubled Phonemaker Posts Profit

8:56AM 4/16/2010

By Douglas McIntyre

Company News, Earnings, Sony, Ericsson

Sony Ericsson, the "lost" handset company, which has been bleeding market share for the past several years, said its unit sales dropped another 28% in the first quarter, but net income hit $29 million, quite a turnaround from the same quarter last year, when it lost $398 million.

Stocks in the News: GE, Bank of America, Google, Oracle

7:54AM 4/16/2010

By Melly Alazraki

Company News, Investing, Google , Mattel, Microsoft, Oracle, Pfizer, Sony, Bank of America, Ericsson, MetLife

The following is a round-up of news likely to affect stock prices today: General Electric Co. (GE) says its first-quarter earnings fell 30% to $1.9 billion, or 17 cents per share, due to lower profits in its big industrial divisions and ongoing struggles at GE Capital. The results still beat Wall...

Ericsson Still Adjusting to Customer Cut-Backs

3:10PM 1/25/2010

By Michael Fitzhugh

Technology, Sprint Nextel Corp, Verizon, Ericsson

Ericsson announced plans to expand job cuts as sales to cautious customers contract. Profits in its fourth quarter were down 92 percent, falling to $43.4 million, compared with the year-ago quarter.

Any discounts on that Zhu Zhu pet? Scan the barcode with your cellphone

11:20AM 12/03/2009

By Mercedes Cardona

Company News, Technology, Microsoft, Pepsico, Polo Ralph Lauren, Sony, Wal-Mart Stores, Ericsson

By this time next year, holiday shoppers could be pointing their cellphones at products on store shelves and seeing all kinds of information on their handsets. Retailers and manufacturers are setting standards that could ease the way for the next generation of barcodes, which can send out reams of...

Stocks in the news: Apple, Best Buy, Deere, U.S. Steel, American Eagle

9:15AM 11/30/2009

By Melly Alazraki

Company News, Investing, Genzyme Corporation , Google , Boeing, Apple, AT&T, Baidu Inc, Wal-Mart Stores, United States Steel, United Health, Target Corp, Comcast, Ericsson, Novavax, Walt Disney

Black Friday traffic at online retailers was up 11% over last year, according to digital marketing intelligence firm comScore. Amazon (AMZN) was the most visited retail property, growing 28% from the corresponding shopping day a year ago, followed closely by Wal-mart (WMT), which grew 22%. Apple...

Wireless Watch: Mulling a three-point mobile merger in Japan

6:20PM 8/31/2009

By Nikhil Hutheesing

Technology, Nokia, Qualcomm, Sony, Apple, Hitachi, Ericsson, China Unicom, China Mobile, Kyocera

For smaller companies trying to plant a stake in the ground of larger, more established companies, one strategy is simply to team up. That's what three small well-known players in mobile phones could soon announce in Japan, as NEC, Hitachi (HIT), and Casio Computer discuss combining their...