March 19, 2010

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Ikea opens first U.S. manufacturing facility

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Business & Money headlines

Ikea and Google top student career wish list

Swedish students have named Google, Ikea and the foreign ministry as their dream places of work, according to a new survey. READ »

Skanska lands 'Ground Zero' rail contract

Swedish construction firm Skanska has secured a $434 million contract to help build the commuter train station at the site of the World Trade Centre in New York. READ (3 COMMENTS) »

Ikea offers repose in Paris metro marketing campaign

Swedish furniture chain Ikea has adopted an unorthodox method to get its products into the mind's eye of discerning Parisians - by lining metro station platforms with living room furniture. READ (2 COMMENTS) »

Swedish house prices top two million barrier

The price of the average Swedish house has passed the two million kronor ($300,000) mark for the first time, new statistics show. READ (1 COMMENT) »

Stockholm restaurant secures second Michelin star

Stockholm restaurant Frantzén/Lindeberg has been awarded a precious second Guide Michelin star just two years after serving its first meal. READ »

Carnegie traders charged over price fixing

Three former traders at Carnegie have been charged with illegal price manipulation carried out in the years before the Swedish investment bank's forced nationalization. READ »

King's pal seeks bumper payout for country estate

Torgils Bonde, a member of Sweden's high society, has raised eyebrows by putting his 2,800 hectare property up for sale for close to a record sum of 200 million kronor ($28.3 million). READ (3 COMMENTS) »

Riksbank off base with finance crunch rate hikes

The Swedish Riksbank has concluded that while everyone failed to see the impending finance crunch, it's own board was furthest behind when it raised interest rates just weeks before the Lehman Brothers bankruptcy. READ (5 COMMENTS) »

Vattenfall sells German power grid

Swedish energy firm Vattenfall announced the sale on Friday of its German power grid to Belgium's Elia and Australian investment fund IFM for $1.1 billion. READ (1 COMMENT) »

Bildt: Icesave deal key to Iceland IMF money

Sweden's Carl Bildt joined a chorus of Nordic foreign ministers on Thursday calling on Iceland to reach a banking payback deal with Britain and The Netherlands, warning that IMF aid money depended on it. READ (13 COMMENTS) »

More Business & Money

• 11/03 Two Swedes named on world rich list (23 comments) »
• 10/03 Geely secures Volvo purchase finance (13 comments) »
• 10/03 Voddler signs deal with Warner Bros. (4 comments) »
• 09/03 Borg: No cash for euro currency fund (3 comments) »
• 09/03 Reinfeldt: 'Iceland must honour its commitments' (24 comments) »
• 08/03 Svanberg claims millions in holiday pay out (6 comments) »
• 08/03 Bankruptcies continue to decline (1 comment) »
• 05/03 Stockholm institute honours Michael J Fox (6 comments) »
• 05/03 Investor buys big in defence concern Saab (1 comment) »
• 04/03 Riksbank chief calls for new financial framework »

18 February 08:56

Ryanair – when the going gets tough, will the tough get going? »

"Like all empires, Ryanair's will come to an end, but like a old punch drunk prize-fighter, will they see the upper cut before it is too late?" READ »

• 05/2 16:37 Stockholm garbage collectors – an overpaid relic of a bygone age?There is a school of economic thought that opposes the CBA because it creates an insider-outsider workforce, raising wages for those with an over-protected job and levels of unemployment for those without. It is just one side of the argument and there are strong ones available to counter it, but a clearer example of the validity of this thesis is surely hard to find. READ »
• 27/1 11:02 Saab’s last chance saloonI sincerely hope that Spyker/Saab can prove the army of doubters wrong and become a winning combination. But if not then at least the interim period can be used to ensure that the Swedish automotive industry can prepare for life after if this newest dawn proves fleeting. READ »

ALL JOBS »

• 18/03 Israeli drugmaker Teva buys Ratiopharm »
• 18/03 Siemens plans 4,200 job cuts worldwide »
• 17/03 BMW looks forward to strong profits »
• 17/03 Porsche sheds debt but expects yearly loss »
• 17/03 Siemens to cut 1,000 jobs in spin-off »
• 16/03 Electricity prices to rise for every fifth household »
• 16/03 Deutsche's Ackermann pockets €10 mln for 2009 »
• 15/03 France attacks hefty German trade surplus »
• 15/03 Deutsche Telekom introduces quota for women executives »
• 15/03 German arms exports double in five years »

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