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Swedish telecom company, Tele 2 notifies its own customer service to the police

Monday, 27 February 2012
A strong scandal has broken up in the Swedish telecom company, Tele 2 and this has brought in the police.

Bus Companies accused of price fixing cartel


Statoil has found gas in Tanzania


Increased profit and sales for Arla


Geely, owner of Volvocar Corp., to open plant in Egypt


The struggling Danish banking sector continues to show signs of stress


Danish government takes over another bank


Sales of Sony Ericsson completed


Profit Boost for clothing company, Bjorn Borg


TeliaSonera borrows billions


Statoil's earnings higher than expected


Head of Danish wind power company, Vestas elopes after profit warnings



Angry Birds Company buys competitor

Tuesday, 27 March 2012
Finnish Rovio, the company behind the extremely popular video game Angry Birds, is reported to have bought game developer, Futuremark Games Studio, which I behind games such as Unstoppable Gorg and Shattered Horizon.

Worries over Swedish video game industry

Sunday, 25 March 2012
Television and computer games developed in Sweden, sold like hot cakes last year. Revenue is estimated to have grown by at least 50 percent.
This year, the growth has continued. But lack of skilled personnel and funding are two factors that have brought in increased concerns.

Intel invests in Swedish IT-company

Thursday, 15 March 2012
The U.S. processor giant, Intel is partnering in Swedish IT Company Tobii Technology through an investment of Skr143 million, reports technology newspaper, Computer Sweden.

Fast broadband, a common future in Sweden

Wednesday, 14 March 2012
Nearly half of all households and businesses in Sweden last year had access to fast broadband.

New iPad could pass Sweden by as 4g compatibility in Sweden could be lacking

Friday, 09 March 2012
Apple's new version of the popular iPad can not cope with the 4g system in Sweden. It is unwelcome news for the 4G operators in the country as such Telia and other operators are now in discussions with Apple for the Swedish launch.

Negotiation with interested party for the Saab take over still not yet started despite many bids

Tuesday, 06 March 2012
The bankruptcy administrator looking after the assets of the Swedish automaker, Saab says no negotiations have even begun with some of those who want to bid on the whole of Saab. However, the estate is selling the smallest assets.

Turkish bidder for Saab automobile withdraws bid claiming that "GM wants to kill Saab"

Monday, 27 February 2012
The Turkish investment company, Brightwell Holdings, which had shown interest in buying over the bankrupt Saab automobile, is reported to have withdrawn its bid. The company which was confident that GM could be convinced has now said that GM, which owns technology licenses and rights of some Saab plaforms has proved unwilling to cooperate according to spokeman Zamier Ahmed.

Chinese Huawei threatens Ericsson with price pressure as Ericsson tend to focus on crowded developed markets

Monday, 27 February 2012
Telecom giant Ericsson increased its market share significantly in the last year, according to CEO Hans Vestberg. But even rival Huawei is growing and the Chinese company is using price as its competiveness strategy.

Swedish Saab becomes one of the world's leading producer and exporter of war materials as the sector grew globally in 2010 despite economic decline

Monday, 27 February 2012
Saab climbs three places up the list of world's largest arms manufacturers, according to figures provided by research institute SIPRI published Monday. World trade in military equipment continues to increase unaffected by the current recession.

Eniro will not be completing previously announced acquisition of 118 800 as it lay off hundreds of workers in Finland

Monday, 27 February 2012
Swedish local search engine and yellow pages Company, Eniro has reported to terminates 96 employees in Finland, closed down operations in Pori and Joensuu. This comes as the company announced that it will not go ahead with the take over of the 118 800 network.

Nokia Lumia sells more than expected in the U.S. but the launch of the new Nokia still keep investors worried.

Monday, 27 February 2012
Sales of Nokia Lumia in the U.S. have exceeded expectations, as more phones where launched today. But investors are still worried about the price of the phones and there are questions about its competitiveness when other such as Sony just threw themselves int the mix.

Uncertainty engulf Sony employees as possibility emerged that there could be cuts

Sunday, 26 February 2012
The divorce of Sony from Ericsson was already realised about two weeks ago and Sony Mobile will become the part of the big Sony family. Focus on quality and content will not come cheap. But with Sony’s strategic power, there is the chance that such will not be a big deal for the company.

Swedish newspapers circulation continues to fall

Friday, 24 February 2012
Newspaper circulation in Sweden continues to decline but free newspaper, Metro in turn, increase its circulation as well as the Swedish business daily Dagens Industri.

Volvo wants to rip Saab automobile’s machinery  and ship them to China in a secret bidding

Friday, 24 February 2012
Volvo Cars, was reported recently to have made a concrete offer for the machinery and equipment belonging to Saab Automobile plant in Trollhättan, near Gothenburg.The plan was to rip it off and ship it to China