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Boost for Saab as Pang Da places order for more Saab cars

Wednesday, 01 June 2011
Saab’s Chinese saviour and leading customer Pang Da has ordered another 630 Saab vehicles. The order is worth EUR 15 million, approximately SEK 133 million, and comes after the first sale of 1300 cars for 30 million euros.

Nokia to close down on line store in some international markets

Wednesday, 01 June 2011
As Nokia's share price plummets, the news that mobile giant will close its online retailers in an increasing number of countries is not being taken as strange but surprising as how a great company like nokia has come to a level that it has no strategy to revive itself.

Times are looking good and Sony Ericsson wants to recruit again

Wednesday, 01 June 2011
Following widespread layoffs during the crisis period Swedish – Japanese mobile phone company, Sony Ericsson is to start recruiting again. About 30 posts will be filled in Lund, Sweden according to various new networks.

Ericsson wins wireless broadband order from the Australian government

Wednesday, 01 June 2011
Swedish telecom giant Ericson has been approached by the Australian State-owned National Broadband Network (NBN) and they have both agreed on a deal worth around Skr7.4 billion.

Bomb explosions at Ikea shops in Europe

Tuesday, 31 May 2011
Smaller explosions occurred in three of the Ikea stores in the Netherlands, Belgium and France yesterday. Nobody was seriously injured but two employees are reported to have had ear pain after the explosions.

Nokia can’t sop falling – Now issued profit warning

Tuesday, 31 May 2011
Nokia will not honour the forecasts issued for revenue and operating margins, the company announced in a press release on Tuesday.

Expectation of fall in prices for long haul flights from Scandinavia by next year

Tuesday, 31 May 2011
The signs are it will be here finally next year. This we are referring to flight to well below half their today’s price when several low cost airlines in Scandinavia embark on long-haul flights. Two Norwegian players have already signed up on the pitch.

Smaller Danish banks caught in billion Krona bankruptcy struggle

Tuesday, 31 May 2011
As the Danish financial sector continues to reel from the effects of the last depression, the gloom is not yet over. It looks like its will really get worse before getting better. A leasing company which borrowed billions from Danish smaller banks is having financial distress. As it is expected that the company might collapse, the banks are holding their nerves for the worse.

Alfa Laval wins breakthrough solar-power order

Monday, 30 May 2011
Alfa Laval has received an order in the US to provide Alfa Laval Packinox heat exchangers to the world’s largest concentrated solar power plant.

Saab automobile’s saviour Pang Qinghua impressed with what he sees in Saab factory

Friday, 27 May 2011
Pang Da’s boss, Pang Qinghua visited the Saab automobile factory, together with Victor Muller on Friday as we reported yesterday and watched the cars rolled pass by on the production line. Both had a pin with the Swedish and Chinese flag on their business suits.

Saab restarts production with increased dexterity and strong hope

Friday, 27 May 2011
Shortly after 10.30 am Spyker announced via a press release that production of Saab Automobile in Trollhättan is running. "A great day for the company," according to President Victor Muller.

Volvocar Corp continue to expand its work force as the market demand more Volvocar

Friday, 27 May 2011
More that 1,000 new engineers are already being employed by Volvocar Corporation in Sweden blamed on increasing demand for its cars. But that is not enough.

Saab received Chinese saviour on Thursday  

Thursday, 26 May 2011
The head of the Chinese company, Pang Da, considered by many here as Saab Automobile’s saviour, visits Sweden and Saab’s Trollhattan on Thursday. The boss, Pang Qinghua today he met, Maud Olofsson, minister of Industries and the Swedish Debt Office. He is expected in Trollhattan on Friday.

Saab factory starts again on Friday as the Chinese arrive

Thursday, 26 May 2011
Saab automobile production is resuming operation by Friday accounting to a new decision by the management of the company. The decision came after the company’s operation had been interrupted for more than a month due to internal management issues.

Swedish Industry minister Olofsson has met Russian Financier Antonov

Wednesday, 25 May 2011
The Russian financier Vladimir Antonov met Maud Olofsson and set out why he wants to put money into Saab automobile.

Scores of Swedish Small companies opt out of the business killing machine – the auditors

Wednesday, 25 May 2011
Evidence that the Swedish bourgeoisie government is business friendly is once again showed in its resolve to make it easier for smaller businesses to grow. As such the rule which was passed last year that small businesses of certain category could skip using auditors has been hailed and received.

Saab automobile agrees with a leading subcontractor so that supplied can resume.

Tuesday, 24 May 2011
Saab Automobile has signed agreements with the major subcontractor IAC Group Sweden, which makes the supply of instrument panels and door furniture to be restarted.

Energy giant Vattenfall sells gas fields

Tuesday, 24 May 2011
Swedish state owned energy giant, Vattenfall sells its subsidiary, Nuon's which operates a gas fields in the North Sea for €300 million, or Skr2.7 billion

Sony Ericsson taps top management from Nokia
Tuesday, 24 May 2011
Mobile manufacturer Sony Ericsson has hired Tommi Laine-Ylijoki as vice president and chief operating officer.

Antonov wants to meet the Swedish Government to campaign for his approval

Monday, 23 May 2011
The Russian financier Vladimir Antonov, waiting to be approved as the owner of Spyker, wants a meeting with Swedish Industry Minister Maud Olofsson according to various reports in Swedish media sources.

Shorter holidays at the Saab factory to meet undelivered supplies

Monday, 23 May 2011
Although Saab's car production has stalled for several weeks, there is still a large order of Saab cars which has still not yet been delivered. Now there is talk of depressed holiday for employees when production resume in earnest.

Swedish engineering sector shows signs of positive future with expected growth expansion

Monday, 23 May 2011
Swedish engineering sector show improve signs of a rosy future as production in the manufacturing industry has been projected to increase by as much as 17 percent this year.

Is the communist centralised Chinese mentality out to get Saab automobile or is the press just behaving as the press as usual

Saturday, 21 May 2011
In the past days there was this breath of fresh air when it became evident that Saab automobile had finally secured a partner in China which means that Saab’s future was now paved. But new development today in the Swedish press shows contradictory information which looks like the Chinese could be gradually becoming the new world economic bully.

Saab defense admits corruption attempts but denies paying bribes

Friday, 20 May 2011
Defence group Saab admits that there was an agreement for the payment of bribes in connection with Jas fighter jet sales to South Africa but has not found anything to indicate that the amounts was actually paid.

Powerful opportunity awaits Saab in China if they can take the chance

Friday, 20 May 2011
Recently, Spyker, gained a contract with the Chinese car dealer Pang Da. In the near future it is expected that Muller will find a Chinese company that build cars and that he should do that in a market that is constantly changing. There are lost of options for Muller to choose from.

SEB may be fined for various forms of fund inconsistencies

Friday, 20 May 2011
Giant bank, SEB may be fined Skr2 million for deficiencies in funds which had been stored at the bank.

Nycomed is sold to Takeda for 9.6 billion

Friday, 20 May 2011
Takeda Pharmaceutical Company Limited and Nycomed A/S (“Nycomed”) jointly announced today that Takeda has reached an agreement with the shareholders of Nycomed in which Takeda will acquire the Zurich-headquartered company for 9.6 billion Euro on a cash-free, debt-free basis.

Nokia still leads Mobile phone market but leadership is gradually being eroded

Thursday, 19 May 2011
The Mobile phone industry continues to see major changes with new player juggling for position challenging the old guards. Nokia continues to have its head over the water but it is being dragged in by the others as it has failed to transits into new technology.

Working is a very unenjoyable thing for the Swede - Increased dissatisfaction at work

Thursday, 19 May 2011
Despite the strong economic growth being enjoyed in the country, there is an equal and opposite reaction from the Swedish workforce, the joy of working in Sweden has been accounted to be very low according to a global survey.

Pang Da, Saabs news buddy in China wants to sell 10 000 Saabs in China by 2011

Thursday, 19 May 2011
Pang Da intends to sell Saab cars in China from 50 outlets this year and aims to get 10 000 imported Saabs cars into the Chinese market before 2012. Saab could be heading for a jack pot with Pang Da

Moody's lowers credit rating of six Danish banks

Thursday, 19 May 2011
Credit rating company Moody's downgrades ratings of six Danish banks as the economy continues to struggle.

More falls from Saab – Lear corp. to shed over 160

Thursday, 19 May 2011
Lear Corporation in Trollhättan, near Gothenburg Sweden is laying off some 163 employees blamed on Saab’s imbroglio.

Saab Negotiations with subcontractors under way as production expected to resume soon

Wednesday, 18 May 2011
Saab is reported to have started negotiations with the firms that collaborate with the Trollhättan Company so that supply lines can reopen and production can start. It however, remains unclear whether any agreements have already been signed.

Scania’s ambitious expansion drive in India

Wednesday, 18 May 2011
Bus and truck manufacturer Scania intends to widen its range in the Indian market in order to increase sales.

Spyker received money
Wednesday, 18 May 2011
Saab seems on the brink of renewed production vitality as news just in holds that the money promised by the Chinese dealer Pang Da has been received.

Ikea’s Kamprad promises "total transparency" in the company

Wednesday, 18 May 2011
Furniture giant Ikea has promised to apply "total transparency" in order to avoid accusations of concealing money in tax havens.

Was there any poor business conduct in the Swedish – South African Jas Gripen affair? New evidence seems to suggest there was.

Tuesday, 17 May 2011
More light was thrown over Jas business with South Africa and it showed that a secret agreement in which  Saab’s subsidiary offered millions of dollars in "bonuses" to the then South African Defence Minister's special adviser did take place.

Brisk delivery for Volvo trucks as its business stabilises  

Tuesday, 17 May 2011
Total deliveries from Volvo's truck operations in April amounted to 19 366 cars, up 49 percent over the same period last year.

Saab’s Boss, Muller speaks to his workers after more that a month of redundancy

Tuesday, 17 May 2011
Saab's chairman Victor Muller visited the factory in Trollhattan on Tuesday to do two things – apologise for the appalling state of the company’s condition and the second was to inform employees about the cooperation between Saab and the Chinese car dealer Pang Da.

Saab automobile's supremo, Victor Muller  to meet Saab personnel today Tuesday for information and discussion about new progress

Tuesday, 17 May 2011
Saab's Chairman Victor Muller will be making a personal visit to the factory and will personally inform his staff at the Saab factory in Trollhattan on the new agreement with new Chinese partner, Pang Da.

Saab saviour Pang Das sees its share rise

Tuesday, 17 May 2011
Investors in China have responded positively to news of cooperation between Saab and car dealer Pang Da.

The battle for the Saab continues. Muller acquires a new partner in China better than Hawtai

Monday, 16 May 2011
Saab Automobile has acquired a new partner in China reported to have a better wallet and ready to pay faster than Hawtai. The sweetest aspect here is that the partner is a sales rather than a car manufacturer.

Nokia to ditch Ovi Service

Monday, 16 May 2011
Finnish mobile phone giant Nokia is changing its service branding from Ovi to Nokia. Called the “Ovi Store” up to now, the applications store will continue business as usual, just with the new name “Nokia Store”.

H&M Group Sales Development in April

Monday, 16 May 2011
Clothing chain Hennes & Mauritz released on Monday morning sales information and development which showed better than expected.

Does the Swedish government want to eliminate the Saab?

Monday, 16 May 2011
The Swedish government has been accused of having a hidden agenda to eliminate Saab fro the face of Sweden’s industrial world.

Positive discrimination to meet gender quota, how Volvo cars corp., want to recruits more women as a requirement…

Sunday, 15 May 2011
More than 100 new employees are to be hired at Volvo Cars Corporation in Olofström before summer. And half of those are reported to be women. What a wonderful gesture!

InnKap 4 Partners L.P. acquires stake in Paxport

Friday, 13 May 2011
Paxport is a passenger management solution supplier for the charter leisure travel industry.

Alfa Laval completes acquisition of Aalborg Industries

Friday, 13 May 2011
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has completed the acquisition of Aalborg Industries Holding A/S, after having received clearance from the competition authorities.

Atlas Copco invests in Indian expansion

Stockholm, Sweden, May 13, 2011
Atlas Copco has decided to build a new compressor manufacturing facility near Pune, India, to meet an anticipated strong growth in demand over the coming years.

Swedish Pension boss caught in ‘tax management’ reigns

Friday, 13 May 2011
AMF Pension's chairman Bertil Villard whom we reported yesterday about his tax ‘management’ imbroglio has thrown the towel and left his position as chairman of the company.

Nokia Subcontractor Digia to Lay Off 190 Workers

Friday, 13 May 2011
Software Company Digia has outlined plans to lay off up to 190 workers. Lay-off talks announced on Friday will affect 530 workers.

Skill shortage killing Swedish construction sector

Thursday, 12 May 2011
The competition for skills is on the rise in the Swedish construction sector as economic activities strengthen. On the face of things, the construction sector is heading for a boom, but there is one problem - skill shortages. A majority of construction companies in Sweden now see key labour shortages as an obstacle to their growth.

Swedish government worrying that Saab affair flopped but growing enthusiasm In the management is a great projection for the company
Thursday, 12 May 2011
The Swedish government is now getting worried that the Saab deal could not go through.

Swedish and Norwegian companies Planning 300 new wind turbines

Thursday, 12 May 2011
Swedish SCA and the Norwegian Fred Olsen Renewables want to build up to 300 wind turbines in the area of Näsåker in Sollefteå municipality in Sweden.

How Swedish pension boss might have evaded taxes though the government tried to close gates ways to tax havens

Thursday, 12 May 2011
Just yesterday, the Swedish government continued with its drive to close tax evaders’ routes by signing agreements with tax havens. But today, it emerges that the chairman on the AMF Pension, Bertil Villard, is being accused to have evaded taxes through top class tax management models involving various routes from Sweden via Luxembourg to Peru.

Why did the The Chinese company Hawtai back – off from Saab part ownership deal?

Thursday, 12 May 2011
Saab is a very difficult portfolio to deal with and it looks like the company had been cursed from many years ago. Just when it was though that some light of grace will shine on the sick company, with appearance of the Chinese on the scene, it turns out that an agreement could not be reached.

How the Americans gave gold to the Chinese as Volvo Cars has turned into profit

Thursday, 12 May 2011
This is a company in which American Ford could not make money out of. Just a few years under a new ownership, Volvo Car Corporation today reported its first financial results since the Chinese Geely bought the company.

Ailing Saab automobile’s business is threaten with a Friday 14.00 deadline

Thursday, 12 May 2011
The deadline for Saab Automobile's contract with Chinese automaker Hawtai to be concretised expires after 14 days, tomorrow. This means that if the two companies fail to agree to a deal between them, that could leave a bad taste in Saab’s mouth

Loomis makes acquisition in Turkey

Wednesday, 11 May 2011
Loomis AB has acquired 60 percent of the Turkish cash handling company, Erk Armored, which has approximately 220 employees and approximately 80 vehicles.

Danish Vestas to build wind turbines in Kent – England

Wednesday, 11 May 2011
Vestas has signed an agreement that could see it buy 70 hectares of land at the Port of Sheerness in Kent, just weeks after announcing it was searching for a site to build its new 7MW offshore wind turbine.

Ericsson receives German service orders

Wednesday, 11 May 2011
Ericsson has signed a five-year agreement to manage the service and use of the German telecommunications operator Versatel's fixed network and switches.

What goes around comes around – How the  US action on tax evasion is stressing up Swedish bankers
Wednesday, 11 May 2011
Swedish bankers are disturbed that Barack Obama’s police to chase American tax evaders around the world would after them in several ways and are disgusted about the idea.  But is this not the same thing Sweden is doing - signing various treaties with so called tax havens?

Halved profits for Carlsberg

Wednesday, 11 May 2011
Danish brewer Carlsberg reported a net profit of Dkr173 million for the first quarter of 2011.

Small profit increase for Gambler Unibet

Wednesday, 11 May 2011
Gaming Company, Unibet recorded a profit before tax of £10.8 million, equivalent to about Skr110 million, for the first quarter of 2011.

Finnish police probes Internet Banking Fraud in involving Nordea

Tuesday, 10 May 2011
The Bureau of Investigation in Finland has in their sight some 17 people, suspected to have taken part in an internet banking fraud aimed at Nordea account holders at the beginning of this year.

Microsoft buys Skype

Tuesday, 10 May 2011
IT giant Microsoft is said to be about to buy Swedish founded internet phone company Skype for about Skr50 billion Swedish, according to sources familiar with the deal and reported by various Swedish media outlets.

Saab Automobile could shed a significant amount of workers as its financial stability still uncertain

Tuesday, 10 May 2011
The financial problems of Saab Automobile are far from solved. As such the company’s management is faced with a decision on a major staff reduction in Trollhättan, Sweden.

Unexpected big profits for Danske Bank

Tuesday, 10 May 2011
Danish big bank, Danske Bank, which is also the fifth biggest banks in the Swedish banking market, reports a profit before tax of Dkr1.5 billion for the first quarter. It was slightly more than expected.

Still hard for SAS to make a profit – reports more than expected loss

Tuesday, 10 May 2011
The airline SAS has made a loss before tax of Skr554 million for the first quarter of 2011.
That compares with a loss of Skr844 million during the corresponding period 2010.

Finally, finally, Saab to feel the feel of money as cash drops in empty purse

Monday, 09 May 2011
Saab Automobile has now received money from the loan of €30 million, corresponding to approximately SEK 270 million from the Gemini fund, according to Swedish news agency TT.

Recruitment agencies enjoying a buoyant market in Sweden at the moment

Monday, 09 May 2011
Recruitment agencies in Sweden have seen their sales climbed by 40 percent in the first quarter of 2011 compared to same period last year.

Chinese concerns about the Saab deal- Can Saab – Hawtai survive in a start studded Chinese market?

Saturday, 07 May 2011
Saab's business with the Chinese Hawtai has led to questions in the Chinese media. Experts are cautious about the marriage, the authorities also feared that this may lead to a brick wall.

Two new holding on assessment by the Swedish Debt Office for Saab ownership

Saturday, 07 May 2011
As the Chinese Hawtai want to get a stake in Saab, owner Spyker is also seeking the likes of a Bahamas Registered Gemini Fund to increase its stake in the company. An application for change of ownership from both parties have been received by the Swedish Debt Office, reports radio Sweden Friday.

Apoteket eats into the heart of Swedish people knocking off Ikea from the top

Friday, 06 May 2011
For many years, Ikea has a darling to the Swedish people and has been their favourite company. But this year that has changed and many Swedes seem to have fallen in love with something else.

Unexpectedly low performances of Norway’s DNB Nor

Friday, 06 May 2011
Norwegian neither banking giant DnB Nor reported unexpectedly weak profits for the first quarter blamed partly for higher credit losses than expected.

Danish shipping giant, AP Moller Maersk hires anti-piracy commando

Thursday, 05 May 2011
Danish shipping giant, AP Moller Maersk is recruiting 48-year-old Henrik Ehlers Kragh to work as a specialist combatant against piracy in an effort to fight the Somali pirate insurgents.

Director of DSBFirst fired after presiding over poor management of the company

Thursday, 05 May 2011
Underperformance and the serious problems with the operations of the DSBFirst has today been received by the DSB Board.

Volvo cars is gradually gaining more grounds in the U.S. than previously perceived

Thursday, 05 May 2011
Volvo Cars is gaining ground in the U.S., in April, the company increased sales by more than twice as much as the market, according to reports from Swedish business the Dagens Industri.

Saab expects worker back to the factory on Thursday but still question mark of its future lingers

Thursday, 05 May 2011
The day after news that the Chinese Hawtai has becomes part owner of Saab Automobile, Saab factory door seem to be on the way to swing open for the beginning of new set of operations in Trollhattan.

The Chinese are coming! Saab’s new Chinese pals to visit Trollhattan but question emerge about their credibility

Thursday, 05 May 2011
The new Chinese partners and new financiers of Saab Automobile want urgently to see what they have put their money into but new revelations have emerge which suggest that Hawta might be a company that find it hard to keep their facts straight.

Construction giant Skanska see profits halved

Thursday, 05 May 2011
Construction Group Skanska recorded a profit before tax of Skr451 million for the first quarter of 2011.

ARTIMPLANT, CEO resigns

Wednesday, 04 May 2011
Hans Rosén, Artimplant's CEO for almost five years, has decided to step down in conjunction with the election of a new Board of Directors at the Artimplant Annual General Meeting, which is due to take place today.

Olerup SSP broadens its portfolio with HLA Sequencing Based Typing products from Australian company Conexio

Wednesday, 04 May 2011
LinkMed transplantation company Olerup SSP has signed an exclusive five-year global marketing, sales and distribution agreement with the Australian company Conexio for Conexio’s SBT Resolver™- HLA Sequencing Based Typing product line and sequence analysis software.

Worse than expected for Securitas

Wednesday, 04 May 2011
Securitas Security giant reported a profit before tax of Skr527 million for the first quarter of 2011.

Saab engineers are decamping to a more stable Volvo car corporation

Wednesday, 04 May 2011
Volvo Cars is looking for engineers and they are in search for both high and low level engineers in Sweden and abroad. And after a turbulent time at Saab, many of its engineers are now looking for work in their competitors instead.

Despite turmoil, 5000 people are waiting on their Saab cars as demand continue

Wednesday, 04 May 2011
Since the agreement with the Chinese automaker Hawtai became clear on Tuesday, Saab expects to quickly get production going again.

Swedish companies start borrowing again but are the banks lending?

Wednesday, 04 May 2011
In recent years, Swedish households borrowed considerably more at the expense of Companies and businesses. But now it appears the trend would flip to the other way, as signs that companies are beginning to borrow more again.

Nokia looking for new chairman as Jorma Ollila wants to elope.

Tuesday, 03 May 2011
Mobile phone giant Nokia has begun searching for a new President who will take over at the next annual meeting, said the current chairman Jorma Ollila on Tuesday.

Who is Hawtai

Tuesday, 03 May 2011
Saab is placing itself in building up an effective partnership with a Chinese motor company known as Hawtai. But how much do we know about this company? Have you ever heard about it? Do you know what it does? We try to give what we know about the firm based on bits and pieces collected here and there.

Saab signs a Chinese contract that pumps it badly needed money but EIB has to approve

Tuesday, 03 May 2011
Battling Saab automobile has secured a contract in China, in a deal that could see the revival of the company. Through the agreement, Saab is to secure €150 million for its financing, almost exactly why Saab went to China for.

Poor public relations for Saab means that fewer people are buying Saab Cars now

Tuesday, 03 May 2011
Recent statistics show that interest in buying a Saab car is faltering. According to it new dealers are not going for new Saab cars and the amount of dealers going for it has halved in the last months.

Swedish Subaru-owners are most satisfied with their choice

Tuesday, 03 May 2011
Japanese car manufacturer Subaru has charmed Swedish owners as they are the most satisfied car owners in Sweden once again.

Swedish bank, SEB reports better that expected profit

Tuesday, 03 May 2011
Banking group SEB reported an operating profit of Skr4.374 million for the first quarter of 2011.

Swedish authorities to determine the future of DSBFirst as an operator in the country

Monday, 02 May 2011
Danish rail company, DSBFirst, Sweden on Monday afternoon filed in information on the railway undertaking’s economy, which the Swedish authorities have demanded.

Saab announces partnership with Chinese company

Monday, 02 May 2011
Saab has signed an agreement with the Chinese company, Hawtai Motor Group though the content of the agreement remains unclear, but in a press release from Saab, it describes it as an "exciting strategic partnership".

Danish banks surprise with growing deficit and very weak trading quarter

Monday, 02 May 2011
The fear that the Danish financial crisis is still dragging seem to be stock with their banks.
It's time for quarterly reports, which banks report their performances of the past quarter in Denmark but there is the fear that many Danish banks have little money to count.

Higher prices for beauty products and household durables expected as raw material get dearer

Monday, 02 May 2011
Some basic durable goods are beginning to see their prices shoot up as the effects of rising commodity prices constrict producers from lowering the selling prices of their products.

Saab contractors reporting to credit enforcement agencies for non receipt of payments but continue working for Saab

Monday, 02 May 2011
The past three weeks, credit enforcement agency in Sweden has received payment request for Saab Automobile from seven companies which are mostly subcontractors delivering to Saab.

Train company, DSB First laying off 65 employees to confirm deepening crisis

Monday, 02 May 2011
Troubled Danish railway company,  DSB First running the Öresund train in Sweden is laying off 65 employees as the crisis in the company deepens.

Saab promises to resume production within a few weeks as money is reported to be in sight

Monday, 02 May 2011
Saab owner, Spyker, Cars says it is in the mist of fixing up money to start production at the Saab factory again. The goal is to launch production within a week, writes Spyker in a statement.

Swedish companies’ association with Child labour a normal way to high profits, wealth and exploitation

Monday, 02 May 2011
This not the first time that the cause of child labour associated with Swedish companies is raised. Despite the face of Sweden being a country where child labour is heavily frown at, more companies operation with a Swedish face is associated with child labour and extremely poor working conditions for products sold in the country.

One in four Swedish bank workers has been exposed to a robbery

Monday, 02 May 2011
One in four who work or have worked at a bank branch in Sweden has been robbed at some point in their carrier, according to a study.

Swedish PMI rose in April 2011 as Orders support the industrial activity

Monday, 02 May 2011
Swedish purchasers Managers Index or the PMI total rose by 1.2 index points to 59.8 in April from 58.6 in March.

Continued strengthening of Swedish small businesses

Monday, 02 May 2011
The performances of Swedish small businesses continue to strengthen in 2011 according to a new study.

Deepening loss of Nordic Sweden based yellow pages company Eniro

Friday, 29 April 2011
The Nordic Swedish based yellow pages company, Eniro, has made a loss before tax of Skr 77 million for the first quarter. That compares with a loss of Skr18 million the same period last year.

Defense group Saab profits better than expected

Friday, 29 April 2011
saab
Defence group Saab reports a profit before tax of Skr 384 million for the first quarter. That compares with profit of Skr99 million a year earlier.

How the Swedish banks are now fighting for customers

Friday, 29 April 2011
As in many economies in the world, Swedish banks just keep making money. The major Swedish banks have made more than Skr1billion in profits on their private customers’ high loans. The Swedish banks surprises with results significantly better than expectations. They want to now focus on the private clients.

Persistent criticism on the Swedish government for lengthy Decision on Saab

Friday, 29 April 2011
After the Debt Office, gave the green light yesterday to that Antonov can become a part owner of Saab Automobile, the government has now been challenge to act swiftly thereafter.


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The sorry state of Nokia as it just continue to fall in the market

Wednesday, 01 June 2011
Nokia's share price continued to fall on the Helsinki Stock Exchange. During the morning, Nokia's shares lost more than eight percent.

Ford Honors Autoliv for Strong Performance in 2010

Stockholm, May  26, 2011
Autoliv Inc. (NYSE: ALV and SSE: ALIV) – the global leader in automotive safety systems – was recognized at Ford Motor Company’s annual global supplier event as one of its 2010 top performing global suppliers.

Scania receives large order from Iraq

Monday, 23 May 2011
Truck manufacturer Scania has received an order for 4000 vehicles from the Iraqi Interior Ministry.

Swedish health Company, Feedgood to shed 50 posts

Thursday, 19 May 2011
Health Feelgood company continues efforts to improve efficiency within the business area Business and as such will reduce the administrative organization with about 50 services.

Atlas Copco wins large orders in Saudi Arabia

Stockholm, Sweden, May 19, 2011
Atlas Copco has received two significant orders related to the Ma’aden aluminum project in Saudi Arabia, highlighting its position as a leading supplier of compressed air and gas equipment in the region.

Plastal, a Saab subcontractor is laying off 50 people

Monday, 16 May 2011
Plastal, a subcontractor to Saab, is laying off 50 people blamed on lack of information about when the Saab production will start again.

ABB buys Mincom
Monday, 09 May 2011
Swedish-Swiss ABB bought Mincom, a privately held investment company with holdings in technology companies, based in Brisbane, Australia for undisclosed fee.

Corporate failures in Sweden continue to decline

Thursday, 05 May 2011
The number of corporate bankruptcies in Sweden fell sharply in April for the second

Telenor reports higher profits

Wednesday, 04 May 2011
Norwegian telecommunications operator Telenor reported a profit before tax of Nkr4.416 million in the first quarter of this year.

Increased profit for Statoil

Wednesday, 04 May 2011
Norwegian oil giant, Statoil reports an operating profit of Nkr50.7 billion in the first quarter of this year. The corresponding period last year profit was Nkr39.6 billion.

Swedish clothing company, Bjorn Borg reports profits

Wednesday, 04 May 2011
Clothes company Bjorn Borg reported a profit after tax of SEK 20.7 million for the first quarter of 2011.

Hemtex CEO Erik Gumabon leaves

Tuesday, 03 May 2011
The Board of Hemtex has reached an agreement with Erik Gumabon that he will leave his position as President of Hemtex.

Stora Enso restructures and might affect 285 workers
Tuesday, 03 May 2011
Stora Enso restructures operations for fine paper business. It affects the Nymölla Mill in Sweden and Uetersen Mill in Germany.

Loomis has completed its acquisition of Pendum

Monday, 02 May 2011
Loomis has now completed its acquisition of the U.S. company Pendum’s cash handling business.

Steel producer SSAB beats expectations

Friday, 29 April 2011
The Swedish government’s steel producer SSAB's earnings before tax ended at Skr504 million for the first quarter. That compares with profit of Skr83 million in the corresponding period last year.

Spyker's quarterly loss of Skr700 million

Friday, 29 April 2011
Saab owner of Spyker Cars, reports an operating loss of €79 million for the first quarter, something nearer to Skr700 million.


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