Thursday, 12 July 2012 Some 40 jobs are disappearing at Volvo Cars of Skövde, local media report blaming consequence of management's decision to cut back on production of cars during July and August after a sharp drop in sales during May.
Wednesday, 04 July 2012 Volvo sold 7107 cars in the U.S. in June, a slight increase, 0.1 percent, compared to the same month last year, the company announced.
Thursday, 28 June 2012 Alfa Laval has won an order to supply a unique evaporation system to an AkzoNobel chemical plant in Germany, according to a press release.
Monday, 25 June 2012 Alfa Laval has received an order for Alfa Laval Packinox heat exchangers from a refinery in South Korea. The order value is about SEK 60 million and delivery is scheduled for 2013.
Friday, 08 June 2012 Holmen Paper has signed a deal to sell PM 61 at its mill in Madrid. The buyer, Albayrak Turizm, will dismantle and move the machine to Turkey.
Thursday, 07 June 2012 The transplantation unit at Jackson Memorial Hospital and the University of Miami, FL, USA has entered into a research project with the Allenex group company AbSorber.
Tuesday, 05 June 2012 IT consultant Cybercom has signed an agreement with Wicresoft to divest the Chinese operations, signalling that though china might be the second biggest economy where every one wants to get a slice of the market there, it is not open for all.
Wednesday, 30 May 2012 Inter Ikea Systems distribution in Helsingborg, Sweden is laying off 55 employees blamed on the company’s decision to moves closer to emerging markets. The activities will focus on Greece and Singapore.
Monday, 21 May 2012 Ryanair (RYA.I), Europe's biggest budget airline, warned high fuel costs and a worsening economic outlook in Europe meant profit would slip by up to 20 percent in the coming year, the first fall in four years reports Reuters.
Friday, 27 July 2012 Swedish people are choosing to give up their fixed line subscription and lean towards mobile telephony instead. Today, there are about 4.5 million Swedes who have a fixed line rental, and that is 700 000 less than it was just three years ago.
Thursday, 26 July 2012 Several Swedish companies are ready lining up to start establishing themselves in the former military dictatorship in Burma. Telecoms giant Ericsson and the two truck manufacturers Scania and Volvo are the few that have shown indication that they will be heading the queue.
Thursday, 26 July 2012 The Swedish - British pharmaceutical company AstraZeneca reported earnings per share for the core (Core) at $ 1.53 in the second quarter of 2012 (1.73), as shown on its interim report.
Wednesday, 25 July 2012 Sweden's negotiations with the Czech Republic on the lease of 14 Swedish-made Gripen fighters have come to a grinding halt - Swedish media say it has temporarily stalled.
Tuesday, 24 July 2012 Telecommunications Company, One Media, which is listed on the Stockholm Stock Market, via Aktietorget, was on Tuesday reported to be heading into bankruptcy.
Tuesday, 24 July 2012 The Finnish car factory Valmet Automotive in Uusikaupunki, the western coastal town will begin to manufacture Mercedes-Benz cars.
Tuesday, 24 July 2012 Heavy duty vehicle manufacturer, AB Volvo reports a profit before tax of Skr6.764 million for the second quarter of 2012. This compares with profit of Skr7.249 million kronor for the corresponding period of 2011
Monday, 23 July 2012 Swedish industrial giant and bearings manufacturer SKF and five others companies have been sued by the U.S. component supplier, Spindle Parts, acting on behalf of their clients in a class action.
Monday, 23 July 2012 Swedish clothing giant, H&M says it does not plan to increase clothes prices in Spain despite the government's decision to increase VAT to 21 percent from 18 percent.
Friday, 20 July 2012 Bus and truck manufacturer Scania reported a profit before tax of Skr1.88 million in the second quarter. This compares with profit of Skr3.346 million corresponding period 2011.
Thursday, 19 July 2012 The Finnish mobile phone giant Nokia reported a loss before tax of €878 million, about Skr7.5 billion, for the second quarter. This compares with a loss of €544 million the same period in 2011
Thursday, 19 July 2012 Swedish white good company, Electrolux has been getting praises here and there for reporting an impressive quarterly profit far exceeding expectations for the second quarter.
Wednesday, 18 July 2012 As more people tend to send text, operate, and transfer more data than talking in the phone, Telia is now targeting that sector for making money from.
Tuesday, 17 July 2012 Trading in the Nordic biggest bank Nordea has seen the trading of its shares stopped trading on the stock exchanges in Stockholm, Copenhagen and Oslo, as an investor alert.
Tuesday, 17 July 2012 The Scandinavian airliner, SAS will need the help of low cost production if it is able to compete somewhat. As such, the most optimal option at its disposal is to outsource its financial operations to a low cost country - India.
Tuesday, 17 July 2012 Handelsbanken reports an operating profit of Skr4.528 million in the second quarter. This compares with earnings of Skr4 136 million in the corresponding period last year.
Tuesday, 17 July 2012 Swedish venture capital organisations want to be accepted by the Swedish population as a way of financing and growing businesses. For this reason, they want to come clean and transparent - Yeah?
Monday, 16 July 2012 It was dobbed, the new ways of business and regional travel in Sweden - regular flights around. But all that was done in the back of huge debts because as the company went bankrupt in May, airline Skyways and its subsidiary City Airlines, had a total debts of Skr410 million.
Monday, 16 July 2012 In June 2012, H&M Group total sales including VAT in local currencies increased by 13 percent compared to the same month the previous year.
Monday, 16 July 2012 Mobile phone manufacturer Nokia has lost its position as a trusted firm for equity funds. Nokia’s percentage in Finnish investment funds has dropped to a record low as professional investors have lost their faith in the company and sold their shares.
Monday, 16 July 2012 Nokia has cut the price of its Lumia 900 phones in the USA after it was confirmed that there will be no upgrade path to Windows Phone 8 for the handset.
Thursday, 12 July 2012 Swedish State-owned energy company, Vattenfall confirmed media reports that it will build a new gas and steam turbine power plant in Hamburg, Germany as it work up to gain from the energy sector which is one of the fastest growing business sector globally.
Thursday, 12 July 2012 The Norwegian budget airliner, Norwegian reported a weaker than expected second quarter result which made the boss, Bjørn Kjos irritated.
Tuesday, 10 July 2012 We have heard often - those of us who attended business school that good customer service is the key to growing and improving business and its brand. Some small businesses try to give in all they have along this lines but once they have grown big, arrogance comes in. But the case of Telenor is not that it grew from a small business to a big one seen today.
Monday, 09 July 2012 Sweden is seeing a growing number of fraud in its society as last year, police in received cases relating to fraud up to 115 000 complaints, a doubling in ten years.
Monday, 09 July 2012 A new survey conducted in 40 countries including 200 in Sweden have shown that Swedish companies are gradually looking into the future with a positive outlook.
Thursday, 05 July 2012 The amount of Swedish companies that became financially distressed and fell apart increased in June comparatively. Within this month, that is, June, 598 companies went out of business, up 17 percent from the same month last year.
Wednesday, 04 July 2012 The services sector which is the growing driver of the Swedish economic sent a signal that the economy is really weaker that previously thought. Just a few days ago the PMI for the industrial sector fell to a new low, now come that of services also at another very low level.
Wednesday, 04 July 2012 Of all the 76 000 new companies established in Sweden last year, 1300 of them are exclusively engaged in tourism activities, said the tourism industry Entrepreneurial Index.
Tuesday, 03 July 2012 Nimbus Boats, the largest manufacturer of pleasure boats in Scandinavia which headquarter in Långedrag, Gothenburg has applied for bankruptcy protection and currently being taken over by the administrators.
Tuesday, 03 July 2012 Alfa Laval has acquired the US based company Vortex Systems, a leading manufacturer of innovative mixing and blending solutions for the oil & gas industry.
Tuesday, 03 July 2012 Although the Chinese Youngman, failed to buy Saab Automobile's bankruptcy estate, it continues to struggle to own some of the core components of Saab automobile.
Monday, 02 July 2012 In a continuous protracted means to sell its fighter jets to Switzerland, it has emerged that the Swedish authorities will be hiring out their gripen fighter jet to Switzerland. This could be the ´first step for them selling the war machinery to the land-lock European country.
Friday, 29 June 2012 Saab has received four orders from the Swedish Defence Materiel Administration, FMV, for Gripen development, support and maintenance through 2016.
Friday, 29 June 2012 Nokia's CEO Stephen Elop admitted on Thursday that the company failed to anticipate the rapidly changing mobile industry and that it is one of the reasons behind its decline.
Friday, 29 June 2012 How can any organisation provide affordable healthcare and then also make profit. Is there any way such a thing can happen? At this moment, in Sweden no!
Wednesday, 27 June 2012 China is getting more and closer to Sweden and is now getting ready to open a branch of one of its most powerful financial houses in Stockholm, Sweden’s capital.
Wednesday, 27 June 2012 The airliner, Air Finland has all flights to remain on the ground, as the 10-year-old airline and package tour operator has ends all operations and filed for bankruptcy.
Tuesday, 26 June 2012 Companies that show aspects of work place diversity are more likely to be profitable, according to except of a survey conducted by polling organisation, TNS Sifo.
Monday, 25 June 2012 The Danish windmill manufacturer Vestas Wind temporarily turned up on Monday morning after the company announced its largest service order to date.
Monday, 25 June 2012 The Social media site more popular for the Swedish professionals today is LinkedIn. According to latest review, one-fifth of Sweden's labour force is now registered on the career network site, which has more than 161 million members worldwide.
Friday, 22 June 2012 As the global financial market has been struggling in the past months as a result of the financial crisis and the Euro crisis, the banks will likely be dragging it down once again.
Thursday, 21 June 2012 There is an atmosphere of uncertainty in Swedish TV 4 News as the company struggles to cut workforce and perks in order to stem growing looses. But the move by management has ignited bad blood between workers and management.
Thursday, 21 June 2012 The small Swedish company, Vendolocus Development based in Bromma has gone to war against the Norwegian Ski Federation and the Norwegian Olympic Committee. This seems to have been driven by rights law vaiolation.
Thursday, 21 June 2012 As SAS decides to cut down international routes and limits long hauls, Norwegian. Its Nordic rival which wants to expand into that section just got the green light and sees this as a blessing from SAS.
Thursday, 21 June 2012 Statoil has received some 26 licenses in the first licensing round in the central Gulf of Mexico since the blowout on the Deepwater Horizon two years ago. The Norwegian state owned Oil Company is increasingly seeing North America as a strong region to lead its growth in the company decade since the oil and gas sector is currently booming.
Wednesday, 20 June 2012 Uncertainty and reduced sales is forcing Volvo Car Corporation to revise its ambitious development plan of Skr75 billion. The company has realised that its finances are strained, and are thought to need a substantial injection of capital.
Wednesday, 20 June 2012 Clothing giant H & M reported a gross profit and gross margin that beats analysts' expectations. Previous adverse effects from the price of cotton have been neutralized, according to H & M.
Monday, 18 June 2012 Alfa Laval has received an order to supply of Alfa Laval Packinox heat exchangers from a refinery in South Korea. The order value is about SEK 120 million and delivery is scheduled for 2013.
Monday, 18 June 2012 The world's leading processor maker, Intel is investing nearly Skr200 million in FlatFrog Laboratories, a company based in Lund, Sweden which develop pressure-sensitive computer screens, writes various Swedish media sources.
Monday, 18 June 2012 Alecta has, after in-depth discussions with all parties involved in the transaction, today decided to tender all of its shares in Rhön-Klinikum to Fresenius.
Friday, 15 June 2012 Today, Getinge signed a binding agreement to acquire all of the shares of Acare Medical Science Ltd, a Chinese company that is primarily geared toward the intermediary segment, mainly hospital beds. The acquisition is in line with Getinge’s expressed strategy to increase its presence in emerging markets and to offer a product range focused on price-sensitive customer segments
Friday, 15 June 2012 In May 2012, H&M Group total sales including VAT in local currencies increased by 12 percent compared to the same month the previous year. Sales in comparable units increased by 3 percent. Comparable units comprise the stores and the internet and catalogue sales countries that have been in operation for at least a financial year.
Thursday, 14 June 2012 There has been persistent rumour that Nokia could be wiped out of Finland. But the company's CEO, Stephen Elop says that most important product development work and headquarters will remain in the country.
Thursday, 14 June 2012 Mobile phone manufacturer Nokia is cutting 3700 employees in Finland, and 10 000 globally.The factory in Salo closed down, but a part of product development will remain. 850 jobs will disappear from the factory in Salo, the factory in Oulu to remain.
Wednesday, 13 June 2012 The bankruptcy administrators dealing with the distress of Swedish automaker, Saab have confirmed media reports that the National Electric Vehicle Sweden is the company that has bought the remnants of Saab’s bankruptcy estate. The company plans to recruit one hundred employees soon.
Wednesday, 13 June 2012 Swedish heavy truck and heavy duty vehicles makers such as Volvo and Scania will start having sleepless nights after World Health organisation (WHO) said that exhaust from diesel can cause cancer.
Friday, 08 June 2012 More and more evidence suggests that the ultimate purchaser of the bankrupt Saab Automobile is an electric car consortium Nevs, National Electric Sweden AB.
Friday, 08 June 2012 Ikea's Swedish name given to their furniture is causing problems when the furniture giant tries to reach new markets. The missing in translation means that some of the names given make customers in places such as Thailand to misconstrue some of the multiple names as slang for sex.
Thursday, 07 June 2012 Swedish Hospital spending last year soared as more and more doctors were hired through temporary agencies. Doctors that are being hired via this medium cost Skr339 million, an increase of 35 percent compared to 2010.
Thursday, 07 June 2012 Defence group Saab plans to make a bid for the Dutch company, Hitt, which develop solutions for improved security at airports and marine environments.
Thursday, 07 June 2012 The Swedish automaker, Saab automobile which went bankrupt recently will now be sold as the bankruptcy administrator is reported to have finished their work and come up with the final result.
Tuesday, 05 June 2012 In May 640 companies in Sweden went bust and out of business, an increase of less than one percent compared with July 2011, when 636 companies went bankrupt. This means bankruptcies in the country’s corporate environment remain stable admits growing business uncertainty.
Tuesday, 05 June 2012 Swedish Growth Board wants to make Bohuslän, Kiruna, Stockholm archipelago, Vimmerby and Åre as tourist magnets, according to the Swedish Enterprise Minister Annie Loof and the
Monday, 04 June 2012 Samsung Electronics announced today that it has acquired Nanoradio AB, a developer of ultra low power Wireless LAN chipsets for high-speed wireless access in mobile phones. Nanoradio is a small company with 60 employees.
Monday, 04 June 2012 Speculation on food prices has been criticized by many including the United Nations and it has been determined to be responsible in contributing to price rises in world prices of food.
Thursday, 31 May 2012 The CEO of the Swedish bank, SEB Annika Falkengren wants to heap more pressure on cost to customers in a new move which is being described as the banks shifting cost away as means of expanding their profit line.
Thursday, 31 May 2012 Any agreement related to how to move foreword with bankrupt Saab Automobile is reported to be delayed, according to sources very close to the dealings.
Wednesday, 30 May 2012 Standard & Poor's has lowered the credit rating of Danish banking giant Danske Bank's long-term credit by one level to A- (A minus) from A and the the view of the score has been adjusted upwards from negative to stable.
Monday, 28 May 2012 The euphoria and wild celebrations in Sweden after the Swedish act, Loreen, won the Eurovision contest is gradually calming as the population cheering for Loreens victory cool, Swedish Television has started thinking about the cost of hosting the next show next year.
Monday, 28 May 2012 Nordea's bank which saw its credit rating reduced recently has attracted more criticism from Swedish authorities for some of its products directed to small businesses according to various reports.
Monday, 28 May 2012 A very serious problem affecting operators of the Swedish micro system is the persistent harassment by criminals issuing fake bills to people. The fact that there is a small risk of getting caught and low penalties for these fraudsters the crime is getting more serious and the fraudsters are changing location to avoid being detected.
Sunday, 27 May 2012 Many Swedish roads are so bad that professional drivers' health are threatened, a new report in which vibrations are measured on a total of 370 mile road way in several countries, including in northern part of Sweden has been have been carried out.
Friday, 25 May 2012 Defence group Saab’s CEO Håkan Buskhe was watched and his phone tapped in connection with the Saab Gripen deal with Switzerland. Mr. Buskhe told the Swedish newspaper, Svenska Dagbladet in an interview.
Friday, 25 May 2012 Scandinavia's largest bank Nordea and Swedish bank, Handelsbanken have their credit ratings lowered by Moody's. On the other hand, Swedbank had to draw a sigh of relief for not being seen and indicted.
Friday, 25 May 2012 The Swiss branch of the bankrupt Lehman Brothers has sued Swedish state finance company Swedish Export Credit Corporation, SEK, for just over half a billion dollars.
Thursday, 24 May 2012 The growing use of mobile phones as credit cards is believed to grow and telephone operators are likely to be increasingly competing with banks in this area. Now Google with its Google Wallet seems to be settling into the market. Swedish banks are either privately worried or mean it when they say they are not worried.
Wednesday, 23 May 2012 The Chinese company, Youngman that have been running after the Swedish automaker, Saab automobile before it even went to bankruptcy is said to no longer be involved in the process to buy the bankrupt company. The negotiations with the administrators have been stopped, said a source involved in the process according to Swedish media reports.
Wednesday, 23 May 2012 With 100 kilometres to central Stockholm, one could ask if the name Stockholm Skavsta Airport is among the most deceptive in Europe? The answer is Yes, argues a flight comparison site. But at the counter of the airport the answer is NO.
Tuesday, 22 May 2012 The social network, Facebook continue to see its stock price continued to fall during Tuesday pre sales. This follows the collapse of 11 percent the day before.
Tuesday, 22 May 2012 The Swedish regional airline Skyways Express, and its subsidiaries City Airline, have suspended payments, as well as forced to cancel all flights with immediate effect. The reason is that the companies could have sought bankruptcy protection during the Tuesday morning.
Tuesday, 22 May 2012 SAS regrets Skyways bankruptcy and is now working flat out to take care of the approximately 12,000 travellers who booked a flight via SAS. However, SAS can not immediately take over the closed routes.
Tuesday, 22 May 2012 At the very last moment an unknown Chinese car companies has become involved in the battle over the bankrupt estate of Saab Automobile according to fresh reports from Swedish media
Thursday, 17 May 2012 Chinese company Pang Da which has been banging on taking over Swedish automobile company Saab, has lost the battle for Saab Automobile and also about Skr400 million that were paid for cars that never came.
Thursday, 17 May 2012 Swedish alcohol monopoly, Systembolaget cause a stir yesterday when several hundred Liquor Stores suffered a computer breakdown at 16:30 o'clock on Wednesday.
Wednesday, 16 May 2012 Axfood has signed an agreement with MatHem i Sverige AB on a transfer of Netxtra. MatHem will take over the brand, the customer base, the premises in Bromma and Netxtra’s employees, according to a press release.
Wednesday, 16 May 2012 Swedbank is best in Sweden in equity derivatives, according to TNS SIFO Prospera’s first ranking of equity derivatives trading in Sweden. The study, which is based on interviews with 42 institutions, includes 10 Nordic and 12 international brokerages.
Wednesday, 16 May 2012 SAS has emerged again on the tongue of Ryanair boss’s mouth and the same line to attach still maintained – tat SAS will not survive in the nearest future.
Wednesday, 16 May 2012 Swedish pension fund, Seventh AP Fund has bought into in Facebook, expecting to invest Skr400 million in the social network company when it will begin trading on the Nasdaq exchange in the U.S. at the end of the week.
Tuesday, 15 May 2012 In less than a week, the Swedish "indie" game Minecraft hit a new record after being released in a special version of Microsoft's Xbox game console.
Monday, 14 May 2012 Swedish worker union in mostly the manufacturing sector, IF metal has written to the US president, Obama, pleading with him to pressure General Motors (GM) to release the technology licence for Saab.
Monday, 14 May 2012 400 jobs are reported to be lost from pharmaceutical giant Astra Zeneca’s Swedish operation after negotiated between management and the union has now been completed. The largest loss will be seen in Sodertalje.
Monday, 14 May 2012 Capacity utilization in Swedish manufacturing sector rose by 0.7 percent between the fourth quarter 2011 and first quarter of 2012 to 88.4 percent point when adjusted for seasonal variations, official data from Statistics Sweden (SCB) show.
Monday, 14 May 2012 One of the founders of Pirate Bay, Fredrik Neij, was sentenced to ten months imprisonment by the Swedish court of appeal was denied appeal in the Supreme Court. But he has decided to take his case to the EU.
Monday, 14 May 2012 Twelve billion dollars, over Skr80 billion, is expected from a British company and China to invest in an iron ore mine in Greenland.
Monday, 14 May 2012 TeliaSonera want to do away with its Norwegian broadband operations according to reports on Swedish media, quoting two independent sources.
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