• 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.

  • Electrolux Second-Quarter Operating Profit in Line Tuesday, 17 Jul 2007 | 2:55 AM ET

    Electrolux, the world's second-largest appliances maker, posted second-quarter core earnings in line with market expectations on Tuesday and stood by its outlook of somewhat higher earnings this year.

  • Ford Denies It's in Talks to Sell Volvo Monday, 16 Jul 2007 | 8:19 AM ET
    Ford announced today that it is cutting production by 21% resulting in downtime at the assembly plant in St. Thomas Ontario on Friday Aug. 18, 2006. Ford Motor Co. announces sharp cuts in its North American production that would force it to partially shut down plants in the U.S. and Canada in the fourth quarter. (AP Photo/Canadian Press, Geoff Robins)

    Ford Motor, responding to reports that it's putting its Volvo unit up for sale, said it is not negotiating with anyone to sell the Swedish automaker.

  • Saab's Second-Quarter Profit Rose 48% Friday, 13 Jul 2007 | 6:33 AM ET

    Swedish aerospace and defense company Saab's net profit rose 48% in the second quarter, driven by solid results from its defense and security solutions, and systems and product divisions, the company said Friday.

  • Sweden's Central Bank Raises Interest Rates to 3.5% Wednesday, 20 Jun 2007 | 4:21 AM ET

    Sweden's central bank raised its key repo interest rate by 25 basis points on Wednesday as expected, taking interest rates to 3.50%, their highest level since March 2003.

  • Swedish fashion giant Hennes & Mauritz second-quarter profits and May sales fell short of expectations on Wednesday, despite high-profile campaigns featuring pop icons Madonna and Kylie Minogue.

  • IBM, the world's largest technology services firm, has agreed to buy business software and services provider Telelogic for about 5.2 billion crowns ($748.6 million) in cash, the Swedish firm said on Monday.

  • Volvo Sells Stake in U.S. Truck Stop Chain Thursday, 31 May 2007 | 2:55 AM ET

    World number two truck maker Volvo is selling its 28.7% stake in U.S. truck stop chain Petro Stopping Centers, yielding a capital gain of $46.3 million.