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  • 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, 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 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.

  • 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 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.

  • 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.

  • Volvo

    Ford Motor said it has not entered talks with anyone to sell Volvo, despite reports that BMW was interested in a possible purchase of the Swedish automaker.

  • Scandinavian Airlines officials met with union representatives Monday in a bid to end a cabin crew strike that has grounded hundreds of flights to and from Sweden since last week.

  • Dubai International Financial Centre (DIFC), the owner of the Dubai stock exchange, is mulling a rival bid to Nasdaq's agreed $3.7 billion takeover of Nordic markets owner OMX, the Sunday Times reported.

  • Scandinavian airline SAS said on Thursday it was cancelling all flights by its Swedish unit on Friday due to a threatened strike by cabin crew.

  • Sweden's Volvo posted a smaller-than-expected fall in first-quarter pretax profit on Friday, weathering a U.S. slowdown, and raised its outlook for its key European truck market.

  • Wireless equipment maker Ericsson said Thursday its net profit grew 27% during the first quarter, boosted by stronger sales in western Europe and Asia.

  • Swedish household appliance maker Electrolux  said Thursday its net profit for the first quarter more than doubled from last year, when results were weighed down by the closing of a plant in Germany.

  • Global fashion chain Hennes & Mauritz sees room to boost its efficiency and is likely to maintain the gross profit margin achieved in its last quarter, its chief executive said on Wednesday.

  • Shares in Air France-KLM increased on Friday after Deutsche Bank upgraded the stock to “buy” from “hold”.

  • Here some of Thurday's big movers on European stock markets: Altadis, Imperial Tobacco, Pirelli, Cap Gemini, Swedish Match, Omega Pharma and AstraZeneca.

  • AOL Wednesday withdrew an estimated $900 million cash offer for Swedish online marketerTradeDoubler after failing to gain the approval of 90% of shareholders.

  • Here some of Wednesday's big movers on European stock markets: Kingfisher, Carrefour, J. Sainsbury, HBOS, RBS, Deutsche Bank, SEB, Skanska and Holcim.