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  • Electrolux Q1 profit falls less than expected Friday, 24 Apr 2015 | 3:32 AM ET

    Home appliances maker Electrolux reported a smaller-than-expected fall in first-quarter earnings on Friday.

  • Volvo prepares to send 'Made in China' cars to US Thursday, 23 Apr 2015 | 7:18 AM ET

    CHENGDU, China— On the verge of exporting the first "Made in China" cars to the United States, Volvo is determined to show they are as good as vehicles it produces in Europe. Once a month, or three times as often as in Europe, Volvo tears apart a finished car in Chengdu to examine the quality of welds and other work. It is built by Volvo and is Volvo quality, and of course...

  • STOCKHOLM, April 23- Telecoms equipment maker Ericsson reported a surprise fall in profits on Thursday as infrastructure spending by mobile network operators in its key North American market remained sluggish and fierce competition pressured margins elsewhere. While sales in China were up as build-outs of new networks there gather pace Ericsson's...

  • HELSINKI— Sluggish broadband demand in North America is hurting Ericsson, the world's largest networks maker, which reported Thursday a 14 percent drop in first-quarter net profit to 1.5 billion kronor despite a rise in global sales. Ericsson stock plunged 8 percent to 101.60 kronor in morning trading in Stockholm. CEO Hans Vestberg said the company would...

  • DIARY- Top Economic Events to May 5 Wednesday, 22 Apr 2015 | 8:01 PM ET

    WASHINGTON- The Atlantic holds summit on the economy. WASHINGTON- Senate Finance Committee holds hearing on nominations of Anne Elizabeth Wall to be a deputy undersecretary of the Treasury and Brodi Fontenot to be chief financial officer, U.S. Department of the Treasury- 1800 GMT. RIGA- Germany's Bundesbank board member Andreas Dombret speech on developing...

  • Autoliv beats 1Q profit forecasts Wednesday, 22 Apr 2015 | 7:03 AM ET

    STOCKHOLM _ Autoliv Inc. on Wednesday reported first-quarter profit of $35.7 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share. Autoliv shares have increased 17 percent since the beginning of the year.

  • Volvo truck maker names new CEO from rival Scania Wednesday, 22 Apr 2015 | 4:55 AM ET

    STOCKHOLM— Swedish truck maker AB Volvo has tapped Martin Lundstedt, the top boss at rival Scania AB, to become the new chief executive and group president later this year. Group chairman Carl-Henric Svanberg says the Goteborg- based company "is gradually" entering a new phase with "an intensified focus on growth and increased profitability."

  • Volvo ousts chief executive; shares jump 13% Wednesday, 22 Apr 2015 | 3:03 AM ET

    Sweden's Volvo named the head of Volkswagen-owned Scania as its chief executive on Wednesday, replacing embattled Olof Persson.

  • DIARY- Top Economic Events to May 4 Tuesday, 21 Apr 2015 | 8:01 PM ET

    NEW YORK- Germany's Bundesbank board member Andreas Dombret speaks on current situation in the euro area- 1700 GMT. WASHINGTON- Senate Finance Committee holds hearing on nominations of Anne Elizabeth Wall to be a deputy undersecretary of the Treasury and Brodi Fontenot to be chief financial officer, U.S. Department of the Treasury- 1800 GMT.

  • DIARY- Top Economic Events to April 30 Monday, 20 Apr 2015 | 8:01 PM ET

    SYDNEY- Reserve Bank of Australia to release the minutes of its April policy meeting- 0130 GMT. GENEVA- European Central Bank Supervisory Board Chair Daniele Nouy speaks at the International Center for Monetary and Banking Studies- 1630 GMT. STOCKHOLM- Sweden's Riksbank Deputy Governor Henry Ohlsson takes part in panel debate- 1115 GMT.

  • Helped by a blind eye from Italian authorities and visa-free travel inside Europe, migrants can relatively easily make it all the way to Scandinavia before they apply for asylum— even though European Union rules state they should do so in the first EU country they enter. Of the 435,000 people who applied for asylum last year in the 28- nation European Union,...

  • DETROIT, April 17- Volvo Cars is weighing a site in South Carolina against another southern state as it prepares to invest $500 million in its first U.S. plant, people with knowledge of the matter said on Friday. "Soter is the spirit of safety in Greek mythology and Volvo's cars have a long-standing reputation for safety. The Georgia Department of Economic...

  • The revived momentum for Chinese automakers adds to pressure on General Motors Co., Volkswagen AG and other global brands that see China's crowded market as their future at a time when sales growth is slow in the United States and stalled in Europe. Producers including Nissan Motor Co., VW and Mercedes Benz see the market as so important they increasingly are...

  • China auto brands enjoying rebound driven by new models Thursday, 16 Apr 2015 | 9:36 PM ET

    The revived momentum for Chinese automakers adds to pressure on General Motors Co., Volkswagen AG and other global brands that see China's crowded market as their future at a time when sales growth is slow in the United States and stalled in Europe. Producers including Nissan Motor Co., VW and Mercedes Benz see the market as so important they increasingly are...

  • DIARY- Top Economic Events to April 29 Thursday, 16 Apr 2015 | 8:01 PM ET

    WASHINGTON- 2015 Spring Meetings of the World Bank Group and the International Monetary Fund. WASHINGTON- Institute for International Finance hosts International Capital Markets and Emerging Markets Roundtable. NEW YORK- Reserve Bank of Australia Governor Glenn Stevens speaks at an American Australian Association luncheon hosted by Goldman Sachs- 1630...

  • BEIJING, April 17- Chinese automaker Geely is set to start producing a small crossover utility vehicle late next year- the first car to be built using a common platform jointly developed with Volvo. Geely's cooperation with Volvo, a storied brand best known for its focus on safety, is seen as a possible model for Chinese companies trying to digest and manage...

  • LONDON, April 16- Emerging market stocks rose to near seven-month highs on Thursday, riding momentum from a global equities surge and data from China showing investment into the country is holding up against slowing growth. The MSCI emerging stocks index was up 1.2 percent, its highest since last September, while the Asian ex- Japan benchmark was 1.3 percent...

  • DIARY- Top Economic Events to April 28 Wednesday, 15 Apr 2015 | 8:01 PM ET

    WASHINGTON- European Central Bank Vice President Vitor Constancio speaks before the Levy Economics Institute of Bard College 24th Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies- 1300 GMT. WASHINGTON- International Monetary Fund Deputy Managing Director Min Zhu, Central Bank of Malaysia Governor Zeti Akhtar Aziz, Turkey Deputy...

  • STOCKHOLM, April 15- Sweden's Ericsson, the world's biggest maker of mobile telecoms equipment, will probably have to expand its range of fixed line products to defend its turf following Nokia's purchase of Alcatel-Lucent. "Global operators have all made the shift to converge fixed and mobile, and now equipment makers will have to follow suit," Alcatel-Lucent...

  • may be in its final year on Broadway, but the ABBA musical is getting a rebirth of sorts— this time in a restaurant setting. Former ABBA member Bjorn Ulvaeus said Wednesday he hopes to transfer the show's dancing-in-the-aisles party atmosphere to a Greek taverna set to open in January in Stockholm. So maybe if we find a good place in London, Hamburg or wherever, there...