ericsson

The third largest U.S. mobile-phone carrier plans to upgrade its network over the next three to five years, aiming to save billions of dollars in the process.

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 (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, 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.

Entering February, a mixed picture on employment has developed: Job cuts in January reached their highest total since August, but still represent a 70% reduction from the same time a year ago, when they peaked at 241,749. What's going on?

Mass layoff announcements, which became depressingly familiar last year, are back. Walmart and Sweden's Ericsson are the latest companies to cut jobs by the thousands.

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...

A year ago, it would have been unthinkable. Two giants, Nokia Siemens Networks and Ericsson (ERIC) bickering over who could get the wireless assets of Nortel Networks, a struggling provider of telecom equipment. But this past weekend, that is exactly what happened. Nortel Network's wireless crown...

Two days ago, South Korea announced that Swedish telecom equipment manufacturer, Ericsson AB (ERIC) planned to spend $1.5 billion in South Korea to develop a high-speed wireless Internet technology. This program, which was scheduled to take five years, was allegedly backed by AT&T (T) and...

Sprint Nextel (S) is allegedly in negotiations with Telefon AB LM Ericsson to subcontract management of its cellular network. The move, which could cost Sprint as much as $2 billion over the next few years, would enable the carrier to cut costs by approximately 20 percent as it outsources 5,000 to...