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  • Volvo Pretax Lags, Upbeat on European Demand Wednesday, 24 Oct 2007 | 3:20 AM ET

    Sweden's Volvo posted a smaller-than-expected rise in quarterly pretax earnings on Wednesday, but was upbeat on demand in Europe while remaining confident about a recovery in the troubled U.S. market.

  • Electrolux Quarterly Profit Lags, Outlook Uncertain Monday, 22 Oct 2007 | 6:27 AM ET

    Electrolux reported third-quarter core earnings below market expectations on Monday and said uncertainty had increased over whether it would meet its outlook of somewhat higher full-year earnings.

  • Saab Posts Lower-than-Expected Third-Quarter Profit Friday, 19 Oct 2007 | 8:08 AM ET

    Defense and aerospace group Saab on Friday posted third-quarter pretax earnings short of forecasts and said it expected overall 2007 growth would be in line with last year.

  • Ericsson Warns Sharply on Profit; Shares Plunge Tuesday, 16 Oct 2007 | 12:12 PM ET

    Shares in telecommunications equipment maker Ericsson lost nearly a quarter of their value Tuesday, after the company issued a drastic profit warning, saying third-quarter earnings would be well below expectations.

  • H&M Sales Rise Fast Before Cavalli Launch Monday, 15 Oct 2007 | 8:23 AM ET

    Hennes & Mauritz beat expectations with a 25% year-on-year rise in September sales, its second-strongest figure in five years, signaling a buoyant reception for its winter fashions and online shops.

  • Sweden's Investor Swings to Net Loss Thursday, 11 Oct 2007 | 8:00 AM ET

    Investor, the investment group controlled by Sweden's Wallenberg family, said Thursday it swung to a loss in the third quarter and cited the recent market turbulence and credit crisis stemming from the U.S. subprime lending morass.

  • H&M Third-Quarter Profit Misses Expectations Wednesday, 26 Sep 2007 | 4:31 AM ET

    Swedish fashion giant Hennes & Mauritz posted below-consensus third-quarter pretax profit on Wednesday due to weaker revenues than expected, but the company said sales in the fourth quarter had developed well.

  • Regulators to Probe OMX over Bid Defense Tuesday, 4 Sep 2007 | 10:24 AM ET

    Sweden's Financial Supervisory Authority (FI) said it would investigate to see if OMX used inappropriate defense measures after Borse Dubai launched an unsolicited bid for the exchange owner.

  • Storebrand to Buy SSP Insurance Group Monday, 3 Sep 2007 | 6:41 AM ET

    Norwegian financial group Storebrand on Monday announced a deal to buy Sweden's Handelsbanken's insurance and pensions subsidiary SSP for 18 billion Swedish kronor (1.9 billion euros; $2.65 billion), creating the Nordic region's leading life insurance and pensions provider.

  • ABB Sells Lummus to CB&I, Reports Suspect Payments Monday, 27 Aug 2007 | 2:47 AM ET

    Swiss-Swedish engineering company ABB said on Monday it had agreed to sell its Lummus Global business to Chicago Bridge & Iron Company (CB&I) for an enterprise value of $950 million.

  • State-run Borse Dubai violated Swedish takeover law in the run-up to a bid for exchange owner OMX but no action against the group is planned, a Swedish regulator said on Thursday.

  • Key OMX Holders May Take Stock-Only Nasdaq Bid: Report Tuesday, 21 Aug 2007 | 7:09 AM ET

    U.S. exchange Nasdaq said it was talking to key shareholders in OMX to persuade them to accept a share-only bid for the Nordic exchange operator and that some had agreed, the Financial Times reported on Tuesday.

  • Borse Dubai Tops Nasdaq Bid for Nordic OMX Friday, 17 Aug 2007 | 10:57 AM ET

    Borse Dubai launched a $4 billion cash offer for Nordic exchange owner OMX on Friday, trumping an agreed deal with U.S. exchange Nasdaq, in a bid to create a group with global reach.

  • The Swedish Financial Supervisory Authority said Thursday it has sent more questions to Borse Dubai regarding its share and option purchase in Nordic stock exchange operator OMX last week.

  • Hedge Funds Acquire 25% of OMX: FT Wednesday, 15 Aug 2007 | 3:04 AM ET

    Hedge funds have acquired about 25% of OMX ahead of an expected takeover battle for the Nordic market operator between Nasdaq and Borse Dubai, the Financial Times reported.

  • H&M July Sales Rise 14%, Below Expectations Wednesday, 15 Aug 2007 | 2:40 AM ET

    Hennes & Mauritz said its sales in July rose 14% year-on year, while market expectations were for a 15.1% rise, according to a survey of analysts by SME Direkt.

  • Volvo Reports Second-Quarter Drop in Profit Wednesday, 25 Jul 2007 | 3:14 AM ET

    Swedish bus and truckmaker Volvo on Wednesday said its second-quarter net profit dropped 14 percent, mainly hurt by higher costs and continued tough market conditions in North America.

  • Ericsson Profit Climbs but Misses Forecast Friday, 20 Jul 2007 | 11:12 AM ET

    Ericsson, the world's biggest mobile network maker, reported softer second-quarter earnings than expected on Friday, posting flat sales in its key European market and disappointing the market in its multimedia drive.

  • Swedish drug company Meda said on Friday it signed an $800 million cash-and-stock deal to buy allergy and pain treatment specialist MedPointe. from a group of U.S. investors.

  • OMX posted a second quarter profit after financial items of 369 million Swedish krona ($55.47 million), up from 266 million last year, boosted by a 101 million Swedish krona ($15.18 million)capital gain, and with all divisions showing improved profitability.