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  • Handelsbanken Exits NYC Trading, Sells U.S. Assets Monday, 31 Mar 2008 | 4:38 AM ET

    Sweden's Handelsbanken said on Monday it had decided to close down its proprietary trading in foreign exchange and fixed income in New York and sold off a large part of its exposure to U.S. asset-backed securities.

  • Feb. Sales Boost H&M's Pretax Profit Thursday, 27 Mar 2008 | 3:25 PM ET

    Swedish fashion company Hennes & Mauritz bucked a gloomy economic backdrop and boosted its shares with a near 20 percent jump in first-quarter profit, above forecasts and fired by strong February sales.

  • H&M Same-Store Sales Rise 3% in January Friday, 15 Feb 2008 | 4:06 AM ET

    Swedish fashion giant Hennes & Mauritz reported on Friday a 3 percent rise in January sales at stores open more than a year, lagging market expectations.

  • TeliaSonera reported unexpectedly weak earnings on Friday and said it planned to cut 2,900 Nordic staff as part of an efficiency drive to reach a promised 5 billion Swedish crown ($775 million) savings target.

  • Electrolux Earnings Top Forecasts, Shares Jump Wednesday, 6 Feb 2008 | 12:40 PM ET

    Electrolux, the world's second-biggest home appliances maker, reported quarterly earnings above market expectations on Wednesday and forecast 2008 core income in line with 2007, sending its shares up.

  • Volvo Shares Drop on Lower-than-Expected Earnings Wednesday, 6 Feb 2008 | 12:39 PM ET

    World number-two truck maker Volvo posted a smaller-than-expected rise in fourth-quarter pretax profit on Wednesday, hitting its shares, but said itstill saw firm growth in its key European market.

  • Ericsson Shares Slip on Earnings, Outlook Friday, 1 Feb 2008 | 12:35 PM ET

    Ericsson reported a lower-than-expected quarterly profit Friday, sending its shares 2.7 percent down, while company CEO Carl-Henric Svanberg told "Power Lunch Europe" the outlook for the year ahead is largely flat.

  • H&M Profit Undershoots, December Sales Lag Thursday, 31 Jan 2008 | 3:52 AM ET

    Swedish clothing giant Hennes & Mauritz posted fourth-quarter pretax profit short of analysts' expectations on Thursday and said its December sales in stores open more than a year fell 1 percent.

  • H&M Nov. Sales Undershoot Though Cavalli Line Helps Monday, 17 Dec 2007 | 6:01 AM ET

    Swedish fashion chain Hennes & Mauritz said on Monday its sales rose 14 percent in November year-on-year, lower than expected by analysts, but aided by a collection from Italian designer Roberto Cavalli.

  • AstraZeneca Gets New US Approval for Seroquel XR Friday, 16 Nov 2007 | 8:58 AM ET

    AstraZeneca said on Friday that U.S. health regulators had approved Seroquel XR, an extended-release version of one of its top-selling drugs, as a maintenance treatment for adult schizophrenia patients.

  • Wider Use of Big-Selling Drug Crestor Approved Friday, 9 Nov 2007 | 5:28 AM ET

    AstraZeneca has won U.S. approval to market its cholesterol-lowering drug Crestor to treat the clogging of arteries, which may boost sales of the blockbuster drug in an increasingly competitive market.

  • Crestor Competition Overshadows AstraZeneca Results Thursday, 1 Nov 2007 | 8:11 AM ET

    AstraZeneca profits fell 14 percent in the third quarter, hit by competition from cheap generics plus acquisition and restructuring charges, the Anglo-Swedish drugmaker said on Thursday.

  • Nordic Bourse Operator OMX's Net Profit Rose 30% Wednesday, 24 Oct 2007 | 9:19 AM ET

    Nordic stock exchange operator OMX said Wednesday its earnings rose 30 percent on growing trade revenue in the third quarter despite the uncertainty about the company's future ownership.

  • 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.