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  • HELSINKI/ FRANKFURT, Jan 29- Nokia on Thursday reported strong profits at its core Networks business on the back of surging North American sales, but the shares fell back over an uncertain outlook, higher costs in its Technologies division and a disappointing dividend. The Finnish company, which sold its former flagship phones business to Microsoft last year,...

  • HELSINKI/ FRANKFURT, Jan 29- Nokia reported higher than expected profits at its core Networks business on Thursday, on the back of strong sales in North America, but group profits took a knock from higher costs at its Technologies unit which handles its patents and develops new products. The Finnish company, which sold its former flagship phones business to...

  • *Networks business grew 8 pct in q4 driven by North America. HELSINKI, Jan 29- Finland's Nokia on Thursday reported stronger-than-expected quarterly profits for its core network equipment business on the back of network roll-outs for faster 4 G mobile services in North America. Nokia, which ranks third in the global network gear market after Ericsson and...

  • *Ericsson and Philips fall after weak updates. LONDON, Jan 27- Renewed concern over Greece and weak results at companies such as Siemens and Philips halted a winning run on European stock markets on Tuesday. The euro zone's blue-chip Euro STOXX 50 index also declined 1.4 percent after a similar eight-day winning streak.

  • *Ericsson and Philips fall after weak updates. LONDON, Jan 27- Renewed concern over Greece and weak figures from leading companies such as Siemens and Philips halted a winning run on European stock markets on Tuesday. The benchmark Athens ATG equity index fell 3.6 percent and Greece's borrowing costs rose.

  • *Siemens, Ericsson, Philips lead falls after weak updates. LONDON, Jan 27- European shares were little changed on Tuesday as disappointing updates by companies like Siemens and Ericsson raised concern about the coming earnings season and weakened demand for stocks after an eight-day rally. Telecoms network supplier Ericsson was down 3.3 percent after it...

  • European rally hits pause on mixed trading updates Tuesday, 27 Jan 2015 | 3:10 AM ET

    LONDON, Jan 27- European shares opened steady on Tuesday as mixed corporate updates from firms including Siemens and Ericsson tempered investor appetite for stocks after an eight-day rally. Shares in Siemens fell 1.9 percent after it said profit from its industrial units fell 4 percent last quarter, driven by a drop at its power and gas unit, where it is...

  • Ericsson Q4 profits hit by decline in North America Tuesday, 27 Jan 2015 | 3:04 AM ET

    HELSINKI— Wireless equipment maker Ericsson's fourth-quarter fell by more than a third, with strong growth in Middle East, Europe and Asia offset by a decline in North America. The Stockholm- based company says that despite strong growth in consumer demand and data traffic in North America, operator investments had slowed and that it expects the broadband...

  • Jan 21- Programmable chip maker Xilinx Inc forecast weaker-than-expected current-quarter revenue and reported third-quarter revenue that missed the average analyst estimate, hurt by weak sales to broadcast and communications customers. Xilinx, which dominates the programmable chip market along with Altera Corp, said it expected current-quarter...

  • Elder statesman of Sweden's Wallenberg dynasty dies Monday, 19 Jan 2015 | 7:57 AM ET

    STOCKHOLM, Jan 19- Peter Wallenberg, the elder statesman of Sweden's business dynasty, died on Monday, the family investment foundation said. Peter Wallenberg, who was 88, had been chairman of the family's listed investment vehicle Investor from 1982 to 1997. More recently he had stepped back from day-to-day business activities. Peter Wallenberg has passed...

  • STOCKHOLM— Peter Wallenberg, the former head of a Swedish financial dynasty sometimes compared to the Rockefellers, has died. He also served on the board of wireless equipment maker Ericsson, appliance maker Electrolux, engineering firm Atlas Copco and other Swedish companies. Peter Wallenberg was born in Stockholm in 1926 to Marcus Wallenberg and his...

  • MEXICO CITY, Jan 16- China's third-largest carrier China Telecom is preparing a possible bid for a contract to build and run a new mobile broadband network in Mexico and is seeking local partners to join it in a consortium, three people with knowledge of the matter said. It has already secured up to several billion dollars of financing from Chinese...

  • *India lawsuit has no effect on operations- Barra. BEIJING, Jan 16- China's Xiaomi Inc plans to invest in Indian tech start-ups and overseas media content, as the world's No.3 smartphone maker looks to dominate homes with its own TVs and appliances. "One area that we are also looking to make some investments in is start-ups in India.

  • *Ericsson files complaint against Apple on licenses. *Apple sued Ericsson earlier in January. STOCKHOLM, Jan 14- Swedish telecom equipment supplier Ericsson said on Wednesday it filed a complaint against Apple Inc over mobile technology licence payments, responding to a lawsuit from the iPhone maker earlier this month.

  • Early movers: JPM, VZ, CMG, NFLX, OCN & more Wednesday, 14 Jan 2015 | 7:51 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • STOCKHOLM, Jan 14- Swedish telecom equipment supplier Ericsson on Wednesday said it has filed a complaint against Apple Inc over mobile technology licenses, hitting back at the iPhone maker which sued Ericsson this month. Ericsson said Apple's license to use technology developed by the Swedish company and used in many smartphones and tablet computers had...

  • Apple sues Ericsson over LTE wireless telecom patents Wednesday, 14 Jan 2015 | 12:08 AM ET

    Jan 14- Apple Inc sued Ericsson alleging that the Swedish company's LTE wireless technology patents are not essential to industry cellular standards and that it is demanding excessive royalties for these patents. If Ericsson's patents are deemed essential and the court rules Apple has infringed on them, Apple said it wants the court to assign a reasonable...

  • Xiaomi to launch new phones, Apple style Tuesday, 13 Jan 2015 | 11:41 PM ET

    Xiaomi's ad campaign for its upcoming launch event aims to build the suspense as the iPhone maker Apple does before its product launches.

  • Sony weighs options as pressure for action mounts Monday, 12 Jan 2015 | 7:11 PM ET

    Sony's CEO Kazuo Hirai has survived the cyberattack but his toughest moment may be just arriving as he prepares a new business revival plan.

  • LAS VEGAS, Jan 13- Sony Corp CEO Kazuo Hirai has weathered a crisis over a cyberattack on its Hollywood studio and its controversial comedy "The Interview", but his toughest moment may be just arriving as he prepares a new business revival plan. Sony, which has cut its earnings forecasts six times on Hirai's watch, forecasts a 230 billion yen net loss for the business...