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Ericsson

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  • *Analysts see fresh risks to Alcatel-Lucent takeover. HELSINKI/ PARIS, April 30- Finland's Nokia reported quarterly profits well below market forecasts at its telecom network equipment business, sending its stock tumbling 9 percent and raising concerns over its planned takeover of smaller rival Alcatel-Lucent. With Nokia shares now trading about 20...

  • Shares in Finnish firm Nokia fell 8.2 percent after it posted quarterly profits well below forecast at its main telecom network equipment business, citing lower software sales, higher costs and challenging conditions in Europe and Latin America. "It came as a surprise to many because Nokia's business mix was supposed to be a bit better than this," Evli Bank...

  • Shares in the Finnish firm fell 8.6 percent after it posted quarterly profits well below forecasts at its main telecom network equipment business, citing lower software sales, higher costs and challenging conditions in Europe and Latin America. Sector peer Alcatel Lucent dropped 8 percent while Ericsson was down 1.2 percent and the broader STOXX Europe 600...

  • *Networks Q1 op. profit 85 mln euros vs 226 mln euros in poll. HELSINKI, April 30- Finland's Nokia, which is set to buy French rival Alcatel-Lucent, reported quarterly profits well below market forecasts at its main telecom network equipment business, sending its shares tumbling as much as 12 percent. "The networks business has performed well in the past two years, so...

  • *Oil rises on Middle East concern. NEW YORK, April 23- U.S. stocks rose on Thursday, with the Nasdaq index hitting a record closing high, as corporate earnings and a rise in energy shares overshadowed soft U.S. economic data, while oil prices climbed to the highest levels of the year. said Walter Price, senior portfolio manager and managing director of the AllianzGI...

  • NEW YORK, April 23- Oil prices climbed to their highest levels of the year on Thursday as tensions in the Middle East sparked supply concerns, while the boost from energy-related stocks helped U.S. equities shrug off a batch of soft economic data. Brent crude touched a high of $65.13, its highest since December, and was last up 3.6 percent at $64.97 a barrel, while U.S....

  • *Oil rises on Middle East concern. NEW YORK, April 23- Stocks in major markets shook off soft data in big economies to hold near the unchanged mark on Thursday, while oil prices climbed on Middle East tensions. Some strong earnings from AT&T, up 2.6 percent to $33.73, and eBay, up 3.7 percent to $58.84, and a rise in energy-related shares offset weaker manufacturing data...

  • STOCKHOLM, April 23- Mobile telecoms equipment maker Ericsson posted a surprise fall in profits on Thursday and warned of continued weak profitability as spending by U.S. network operators remains sluggish, forcing it to rely on China, where margins are lower. Profitability was particularly weak in its mainstay networks unit as sales in North America fell...

  • *Ericsson, Bilfinger slump; Michelin surges. LONDON, April 23- European shares slipped on Thursday, with Germany's DAX index underperforming following a disappointing purchasing managers' survey while weak results from Ericsson hit technology stocks. Tech shares were hit as telecom equipment maker Ericsson slumped 12 percent after it posted...

  • 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...

  • 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...

  • European shares fall after business surveys disappoint Thursday, 23 Apr 2015 | 4:35 AM ET

    *Ericsson, Bilfinger slump; Michelin surges. LONDON, April 23- European shares gave up early gains on Thursday after a survey showed growth in Germany's private sector slowed and French business activity barely grew in April. Mobile telecom equipment maker Ericsson fell 8.1 percent after saying it expected sales in its main North American market to stay...

  • European shares advance, Michelin leads Thursday, 23 Apr 2015 | 3:18 AM ET

    LONDON, April 23- European shares rose towards 14- year highs on Thursday, with French tyre maker Michelin leading the automobile and auto parts sector higher after announcing its first-quarter results. Shares in Michelin rose 4.7 percent, the top gainer in the pan-European FTSEurofirst 300 index, after its first-quarter revenue rose 5.6 percent, boosted by a...

  • Telekom Austria extends CFO contract Wednesday, 22 Apr 2015 | 9:06 AM ET

    VIENNA, April 22- Telekom Austria has extended the contract of Chief Financial Officer Siegfried Mayrhofer to potentially until May 2020, it said on Wednesday. The contract runs for three years from June this year and has an extension option for two years, Telekom Austria said. Last month, the company named Alejandro Plater as its new chief operating officer,...

  • SHENZHEN, China, April 22- China can only ensure its information security in the long run if it keeps its market open to the best technology products, be they foreign or domestic, Huawei's rotating chief executive Eric Xu told Reuters on Tuesday. Xu's remarks are a rare example of a top Chinese CEO openly questioning the direction of Beijing's information...

  • PARIS/ HELSINKI/ STOCKHOLM, April 21- Nokia's acquisition of smaller rival Alcatel-Lucent may avoid the pitfalls that befell earlier telecom network equipment marriages, thanks to a revolution over the past decade in how products are launched and developed. Nokia has promised 900 million euros of cost savings by 2019 from the Alcatel-Lucent acquisition,...

  • SHENZHEN, China, April 21- China can only ensure its information security in the long run if it keeps its market open to the best technology products, be they foreign or domestic, Huawei's rotating chief executive Eric Xu told Reuters on Tuesday. Xu's remarks are a rare example of a top Chinese CEO openly questioning the direction of Beijing's information...

  • NEW YORK, April 17- U.S. regulators on Friday voted to open a swath of government-controlled airwaves for commercial use by tech and telecom companies such as Verizon Communications Inc and Google Inc as they seek to meet growing data demands from new wireless devices. The Federal Communications Commission voted unanimously to chalk out a process to allow...

  • 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...

  • HELSINKI/ PARIS, April 14- Nokia Oyj is in talks to buy smaller telecom equipment maker Alcatel-Lucent, a deal combining the industry's two weakest players that is backed by the French government but could pose challenges in cutting costs. In a joint announcement, the Finnish and French companies said they were in "advanced discussions" on a "full combination,...