sweden
Ericsson Chairman Treschow to Step Down by End of 2012
7:22AM 12/06/2010
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...
Will the U.S. Enjoy a Swedish-Style Rebound? Don't Bet on It
11:00AM 11/08/2010
In Saturday's New York Times, Gretchen Morgenson profiled economist Ian Shepherdson, who's taking a more bullish stance. Namely, he sees the U.S. potentially following Sweden's example of a sharp comeback after financial disaster. Here's why that's a bad call.
Ikea Announces Financial Results For the First Time
5:10PM 10/01/2010
For the first time, the privately owned Swedish furniture retailer, Ikea Group, has disclosed its financial results. The retailer, known for its low cost yet stylish furniture, is doing very well.
In Bid to Revive its Fortunes Saab Inks Engine Deal with BMW
8:20AM 9/29/2010
Saab Automobile signed a deal to begin using BMW engines as the struggling Swedish automaker seeks to restore its profitability and prestige.
Ford Completes Sale of Volvo to Zhejiang Geely Holding Group
7:43AM 8/02/2010
Company News, Investing, Ford Motor Co, Autos, Stocks in the News
Geely put up $1.3 billion cash for Volvo and issued a note worth $200 million, Ford said in a statement. Ford expects to receive extra proceeds after a later price "true-up."
Saab Story Ends: GM Will Sell to Spyker for $400 Million
4:10PM 1/26/2010
After a year-long search, General Motors finally found a buyer in the Dutch sports-car maker. The $400 million offer comprises $74 million in cash and $326 million in preferred shares. Saab workers and customers finally have a good reason to be hopeful.
GM Says No Deal to Spyker's Last-Ditch Bid for Saab
12:26PM 12/24/2009
Unswayed by the latest offer from Dutch sports car maker Spyker Cars, Detroit-based GM is preparing to mothball Saab for good, The Economic Times has reported, citing a news report published Wednesday in Sweden.
Saab Story May Not Be Over as Spyker Renews Bid
9:39AM 12/21/2009
After announcing Friday that it would shutter Swedish car maker Saab, GM has reportedly received several inquiries from potential buyers. One is from previously rejected Saab suitor Spyker Cars, which has submitted a revised bid that expires at 5 p.m. Monday. Spyker says that it has removed the obstacles that ended negotiations previously.
Things appear to be moving quickly in the saga of Tiger Woods and his wife, Elin. The result could be that she sets Tiger free -- for a price: She gets up to $300 million and own sponsorship deal, and he goes back to playing golf -- and playing the field.
No sale: GM's Saab deal falls apart after Swedish buyer pulls out
3:00PM 11/24/2009
It seems General Motors (GRM) isn't have any better luck at selling pieces of itself than it is at selling its cars and trucks. A deal struck by the Detroit-based company in June to sell its Saab unit fell apart Tuesday, according to news reports, threatening an end to the Swedish manufacturer of...
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