Swedish Banks Redeeming Latvia Unit Debt, Draft Shows (Update3) – Bloomberg.com
Swedish Banks Redeeming Latvia Unit Debt, Draft Shows (Update3)
By Aaron Eglitis and Meera Louis
July 7 (Bloomberg) — Swedish banks, the Baltic region’s biggest lenders, may be compromising the success of Latvia’s bailout program by failing to roll over funding to their units in the country, [...]
G.M. Sells Saab to Swedish Automaker | Ethiopian News
G.M. Sells Saab to Swedish Automaker
Posted by Desta Bishu | July 11th, 2009 at 4:15 am |
General Motors announced Tuesday that it had agreed to sell its Swedish unit, Saab Automobile, to a consortium led by the sports car maker, Koenigsegg Automotive.
The companies said a deal was [...]
Truckmaker Volvo agrees deal to cut hours, pay | Industries | Industrials, Materials & Utilities | Reuters
Truckmaker Volvo agrees deal to cut hours, pay
Fri Jun 12, 2009 4:16am EDT
STOCKHOLM, June 12 (Reuters) – World number two truckmaker Volvo (VOLVb.ST) said on Friday it had agreed with labour unions on cutting working hours and wages for [...]
The FINANCIAL – Volvo Trucks withdraw the given notice in Gothenburg
Volvo Trucks withdraw the given notice in Gothenburg Print E-mail
10/06/2009 12:11 (4 Day 09:47 minutes ago)
The FINANCIAL — The management and the local union have come to an agreement to deal with the low utilization at the assembly plant in Gothenburg. The agreement includes [...]
Sweden Industrial Output, New Orders Decline In April – Forex TV
Sweden Industrial Output, New Orders Decline In April
06/10/09 03:51 am (EST)
(RTTNews) – Wednesday, the Statistics Sweden announced that the industrial production dropped 21.2% year-over-year in April, compared to the 22.1% decline in March, revised from 22.9% fall reported initially. Economists were looking for a decline [...]
Article – WSJ.com
Sweden PM: Need To Restore Functioning Fincl Mkts, Confidence
DOW JONES NEWSWIRES
There’s a need to restore the functioning of and confidence in financial markets, and the current economic downturn is straining government finances, Swedish Prime Minister Fredrik Reinfeldt said Tuesday.
“We need to restore functioning financial markets and confidence in them. Families and companies must [...]
Germany Shouldn’t Rush Opel Choice, Board Member Says (Update1) – Bloomberg.com
Germany Shouldn’t Rush Opel Choice, Board Member Says (Update1)
By Chris Reiter
May 26 (Bloomberg) — Chancellor Angela Merkel’s government, aiming to select a buyer for General Motors Corp.’s money-losing Opel unit in Germany by the middle of this week, shouldn’t rush into a decision, a top [...]
Social recognition increases employees’ support for companies .:. Juraforum.de – Portal für Recht mit Rechtsanwalt – Suche!
Social recognition increases employees’ support for companies
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Employees who have some influence over their place of work provide a better service. On the other hand, praise and encouragement from managers has no particular significance in terms of loyalty toward the [...]
BMW, GDF, Intervest, Qiagen, TNT, UBS: European Equity Preview – Bloomberg.com
BMW, GDF, Intervest, Qiagen, TNT, UBS: European Equity Preview
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By Nadja Brandt
May 4 (Bloomberg) — The following companies may have unusual price changes in European trading. Stock symbols are in parentheses, and share prices are from the previous [...]
Nordea Bank Profit Falls, but Outlook Is Affirmed – WSJ.com
Nordea Bank Profit Falls, but Outlook Is Affirmed
By ANNA MOLIN
STOCKHOLM — Nordea Bank AB posted an 8.7% decline in first-quarter net profit, but the results were better than expected and the bank reiterated its outlook despite increasing uncertainty in both its home and foreign markets.
The Nordic [...]
Swedish bank rescue expert doubts U.S. efforts will work – USATODAY.com
Swedish bank rescue expert doubts U.S. efforts will work
By David J. Lynch, USA TODAY
WASHINGTON — The acknowledged masters of bank rescues say the Obama administration plan for saving the U.S. banking industry may be doomed.
While the U.S. has funneled tens of billions of dollars to [...]
Sweden’s Nordea posts 9 percent drop in 1Q profits – Forbes.com
Sweden’s Nordea posts 9 percent drop in 1Q profits
Associated Press, 04.29.09, 03:00 AM EDT
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The Nordic region’s biggest financial group, Nordea Bank AB, on Wednesday posted a 9-percent drop in first-quarter profits, chiefly due to higher loan losses and rising staff costs.
The Stockholm-based banking group kept [...]
Article – WSJ.com
FOCUS: Big Loan Losses To Dent Swedish Bank Pfts In 09
By Anna Molin
Of DOW JONES NEWSWIRES
STOCKHOLM (Dow Jones)–Swedish banks, just completing a bumpy first-quarter reporting season, face still-tougher challenges the rest of the year, with revenue going higher but loan losses and more bad debts preventing a full-scale recovery, analysts said Wednesday.
Nordea Bank [...]
UPDATE 1-Swedish c.banker says rates should stop at 0.5 pct – Forbes.com
UPDATE 1-Swedish c.banker says rates should stop at 0.5 pct
04.29.09, 07:01 AM EDT
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STOCKHOLM, April 29 (Reuters) – Sweden’s central bank thinks it should cease cuts in borrowing costs with rates at the current 0.5 percent and it is doubtful another small cut would have [...]
Annual General Meeting in HiQ International AB (publ)
Annual General Meeting in HiQ International AB (publ)
STOCKHOLM, Sweden–(BUSINESS WIRE)–Regulatory News:
The following resolutions were adopted at the Annual General Meeting in HiQ International AB (STO:HIQ) on 29 April 2009:
• Gunnel Duveblad, Ken Gerhardsen, Lars Stugemo, Anders Ljungh, Leila Swärd Ramberg, Christina Ragsten Pettersson and Jukka Norokorpi were re-elected [...]
Article – WSJ.com
UPDATE: Atlas Copco 1Q Net -42%; Sees Demand Staying Weak
STOCKHOLM (Dow Jones)–Atlas Copco AB (ATCO-A.SK), the world’s largest maker of air compressors, Monday posted a 42% drop in first-quarter net profit and flagged more job cuts in response to sluggish demand.
“The economic situation still makes the outlook very uncertain,” the company said. “Demand [...]
Business Feed Article | Business | guardian.co.uk
Swedish April consumer confidence tumble
STOCKHOLM, April 29 (Reuters) – Swedish consumer confidence tumbled in April as more households remained downbeat about personal finances and possible unemployment, the National Institute of Economic Research said on Wednesday.
Consumer confidence fell to -21.0 points in April from -16.5 the previous month, and compared [...]
Sweden’s Nordea posts 9 percent drop in 1Q profits – Taiwan News Online
Sweden’s Nordea posts 9 percent drop in 1Q profits
Associated Press
2009-04-29 03:00 PM
The Nordic region’s biggest financial group, Nordea Bank AB, on Wednesday posted a 9-percent drop in first-quarter profits, chiefly due to higher loan losses and rising staff costs.
The Stockholm-based banking group kept [...]