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May 28, 2012
Svanberg
The following articles have been tagged with "Svanberg":
Svanberg proposed to head Volvo board
Business & Money: 12 Dec 11
After days of rumours, truck maker Volvo has officially proposed BP chairman Carl-Henric Svanberg to be appointed head of its board at the annual general meeting in April, the Swedish company announced on Monday.
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Svanberg chosen to head Volvo board: report
Business & Money: 2 Dec 11
Carl-Henric Svanberg, the heavily criticised BP chairman, will soon be appointed head of the Volvo board, according to a new report.
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Swedes and English: when things go wrong
Lifestyle: 21 Nov 11
Swedes are generally thought of as speaking English fairly well, but for some, the pressure to perform can be too much, as The Local's latest selection of video clips aptly demonstrates.
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Debunking the mystique of the Bilderberg Group
Analysis & Opinion: 11 May 11
While conspiracy theorists have long viewed the exclusive global network of elites known as the Bilderberg Group as a secretive global government, a new book by a Sweden-based academic argues the group's influence is often overstated, The Local's Peter Vinthagen Simpson explains.
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Svanberg defends BP over Gulf oil spill
Business & Money: 19 Apr 11
Carl-Henric Svanberg, the Swedish chairman of BP, defended the company's handling of last year's massive Gulf of Mexico oil spill on Tuesday, adding that his linguistic gaffe was "unfortunate".
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Mauling victim pleaded for put-down cubs
Society: 30 Mar 11
On Tuesday the abandoned cubs of the female bear that attacked and injured a 12-year-old skier last week were put down, despite the boy's pleading for their lives from his sickbed.
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BP head Svanberg defends deep sea drilling
Science & Technology: 7 Mar 11
The Swedish chairman of BP, Carl-Henric Svanberg, told a conference in Malmö on Monday that the Deep Horizon oil spill "should never have happened", but that deep sea drilling should continue.
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Ericsson chairman announces resignation
Business & Money: 6 Dec 10
Ericsson chairman Michael Treschow informed the Swedish telecommunications firm on Monday that he will resign from his post next year or in 2012, according to a company statement.
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Value of Svanberg's BP shares plummets
Business & Money: 26 Aug 10
The value of Swedish BP Chairman Carl-Henric Svanberg's share holdings in the company have plummeted to around 40 million kronor ($5.37 million) from the 62 million kronor he had originally paid for them.
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BP shareholders call for Svanberg’s head: report
National: 3 Jul 10
Several major BP shareholders are urging the embattled firm to eject Swedish chairman Carl Henric Svanberg as soon as the leaking oil well in the Gulf of Mexico is capped, the Financial Times reports.
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Roxette star among wedding guests
National: 17 Jun 10
Roxette’s Per Gessle, Eurovision contestant Malena Ernman and businesswoman Cristina Stenbeck: the great, the good and the celebrated of Sweden will be out in force at Saturday's royal wedding.
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Svanberg slammed for 'small people' comment
Business & Money: 17 Jun 10
BP chairman Carl-Henric Svanberg was forced to apologise on Wednesday after comments in a White House press conference were interpreted as patronizing towards the ordinary people hit by the Mexican Gulf catastrophe.
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Obama meeting will be Svanberg's toughest test
National: 14 Jun 10
BP’s problems are proving to be the toughest test yet in the career of Swedish business’s golden boy Carl-Henric Svanberg, writes James Savage.
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Profile: BP's 'invisible' Swedish chairman
National: 13 Jun 10
When Carl-Henric Svanberg jettisoned telecoms giant Ericsson for British Petroleum last year, he could not in his worst nightmares have forecast the severity of the spotlight in which he now finds himself.
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Obama summons Svanberg over oil spill
National: 11 Jun 10
US president Barrack Obama has called BP's Swedish chairman Carl-Henric Svanberg to a meeting at the White House to discuss the Mexican Gulf oil spill.
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BP heads call for Svanberg resignation
National: 6 Jun 10
Several senior managers at oil firm BP have argued that Carl-Henric Svanberg, the firm's Swedish chairperson, has mismanaged the ongoing oil spill in the Gulf of Mexico and should pay the price and resign.
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BP's Svanberg breaks silence on oil spill
Business & Money: 24 May 10
BP Swedish Chairman Carl-Henric Svanberg has broken his silence on last month's Gulf of Mexico spill, addressing Swedish media about the tragedy for the first time.
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Nightmare start for BP chairman Svanberg
Business & Money: 30 Apr 10
The oil spill in the Gulf of Mexico is a tough start for Swedish BP chairman Carl-Henric Svanberg, who started in January. The company has lost $25 billion since the current crisis began.
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Svanberg claims millions in holiday pay out
Business & Money: 8 Mar 10
Carl-Henric Svanberg, the former CEO of Swedish telecom firm Ericsson, has been paid 6.8 million kronor ($960,000) for accrued holiday that he was unable to take.
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'Backward' rental market must be fixed: expert
Analysis & Opinion: 10 Feb 10
The wait for a rental apartment in Stockholm averages 104 weeks, according to a new report published this week. The Local has found that behind the heated dialogue there lie few easy solutions.
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Swedish CEOs make peanuts in Euro study
Business & Money: 15 Dec 09
Pay cheques for Swedish CEOs are less than half the size of those of their counterparts in other European companies, a new study shows.
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Ericsson announces major Swedish lay-offs
Business & Money: 8 Dec 09
Swedish telecom equipment manufacturer Ericsson has announced a wave of redundancies which will affect nearly 1,000 workers in Sweden.
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Ericsson hit by falling profits
Business & Money: 22 Oct 09
Swedish telecom equipment manufacturer Ericsson announced third quarter pretax profits of 4 billion kronor ($580 million), a 35 percent drop from the 6.2 billion kronor reported for the same quarter last year.
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Ericsson to acquire Nortel wireless division
Business & Money: 25 Jul 09
Swedish telecom giant Ericsson has bought the wireless division of Canadian group Nortel, currently under bankruptcy protection from creditors, for the equivalent of more than $1 billion (8 billion kronor).
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Ericsson's quarterly profits plummet
Business & Money: 24 Jul 09
Swedish telecom giant Ericsson reported an almost 60 percent drop in second-quarter net profits, coming in well below market expectations.
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Ericsson pours funds into South Korea
Business & Money: 13 Jul 09
Swedish phone network giant Ericsson has announced plans to invest $1.5 billion in South Korea over the next five years.
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Ericsson signs two major deals in China
Science & Technology: 8 Jul 09
Swedish telecoms equipment provider Ericsson has inked deals with two Chinese mobile operators worth $1.7 billion.
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Svanberg to ditch Ericsson for BP
Business & Money: 25 Jun 09
Ericsson CEO Carl-Henric Svanberg has been appointed as new chairman of British Petroleum and will leave his post as head of the Swedish telecoms giant at the end of the year.
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Ericsson names Vestberg as new CEO
Business & Money: 25 Jun 09
Swedish telecom equipment maker Ericsson announced on Thursday that CFO Hans Vestberg would take over as CEO of the company in 2010.
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Ericsson profits slide by a third
Business & Money: 30 Apr 09
Sweden's Ericsson, the world's leading mobile phone network equipment supplier, reported a 30 percent decline in first-quarter net profits on Thursday.
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Sony Ericsson issues profit warning
Business & Money: 20 Mar 09
Mobile phone maker Sony Ericsson warned investors on Friday that its first quarter profits wouldn’t meet expectations.
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Sony Ericsson divorce imminent: report
Business & Money: 18 Mar 09
Swedish mobile equipment maker Ericsson may soon be pulling out of its mobile handset partnership with Japanese electronics giant Sony, according to media reports.
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Ericsson to help roll out Verizon's 4G network in the US
Business & Money: 18 Feb 09
Sweden’s telecom equipment provider Ericsson has been chosen by Verizon Wireless to help build the United States’ first 4G wireless network.
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Layoffs at Ericsson despite strong profits
Business & Money: 21 Jan 09
Swedish telecom giant Ericsson announced it would cut 5,000 jobs, including 1,000 in Sweden, despite reporting unexpectedly strong profits for the fourth quarter of 2008.
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Tough times hit Sweden's billionaires
Business & Money: 14 Nov 08
Despite their billions, Sweden’s wealthiest individuals have shown that not even they can withstand the effects of the financial crisis coupled with a dismal year on the stock market.
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Ericsson shares up on strong report
Business & Money: 20 Oct 08
Despite posting a 28 percent drop in third quarter net profits on Monday, Swedish telecoms giant Ericsson beat expectations, sending its stock price soaring in early trading.
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Ericsson CEO: 'It's brutal out there'
Business & Money: 9 Oct 08
Ericsson CEO Carl-Henric Svanberg added his voice to the growing chorus of business leaders with concerns about the state of the world’s financial markets.
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Ericsson in mobile joint venture
Business & Money: 20 Aug 08
Swedish telecoms equipment group Ericsson has announced it is to join forces with semiconductor group STMicroelectronics. The venture will employ almost 8,000 people.
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Ericsson profits crash
Business & Money: 22 Jul 08
Telecoms company Ericsson's report for the second quarter was below market expectations. Profits crashed to 2.9 billion kronor ($488.34 million) from 9.3 billion kronor in the corresponding period of 2007.
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Ericsson beats expectations
Business & Money: 25 Apr 08
CEO Carl-Henric Svanberg reported a dramatic fall in Ericsson's first-quarter net profits, but the result beat expectations and sent the company's share price soaring.
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Ericsson signs two new China deals
Business & Money: 14 Apr 08
Ericsson said Monday it had won contracts with China's two main mobile phone operators worth a total of $1.44 billion.
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Ericsson head sees conditions improving for telecoms
Business & Money: 9 Apr 08
Ericsson chief executive Carl-Henric Svanberg said Wednesday price pressure on mobile telephone networks might start to ease soon.
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Swedish CEOs see sharp rise in earnings
Business & Money: 28 Mar 08
The wages of managing directors in Sweden's top stock exchange listed companies continued to rise sharply last year with many firms posting record profits.
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Scottish pension fund adds name to Ericsson suit
National: 10 Mar 08
One of the largest pension funds in Scotland is adding its name to a class action law suit against Ericsson for alleged violations of securities laws.
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Ericsson 'broke stock exchange rules'
Business & Money: 4 Feb 08
The case is being referred to the exchange’s Discipline Committee for further evaluation.
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Ericsson slashes 1,000 jobs after profit fall
Business & Money: 1 Feb 08
The Swedish telecom giant cuts 1,000 jobs in Sweden alone after a substantial fall in profits in the fourth quarter.
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Ericsson outlook cut
Business & Money: 27 Nov 07
Standard & Poor's cuts its outlook for the Swedish mobile networks company from stable to negative.
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Business Feature: Ericsson's annus horribilis
Business & Money: 25 Nov 07
2007 has not been a great year for the mobile networks company, with falling profits and now bribery allegations. AFP's Delphine Toitou takes a closer look.
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Company leaders shun green cars
Science & Technology: 24 Nov 07
While most big Swedish companies have environment policies requiring them to engage in development in that field, a new survey has shown that most top executives don't drive green cars.
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Ericsson shares continue to plunge
Business & Money: 21 Nov 07
Shares in telecom equipment maker Ericsson continued to plummet in early trading on the Stockholm Stock Exchange on Wednesday.
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78-year-old woman headhunted as teacher
Education: 9 Nov 07
A 78-year-old woman who retired in 1990 has started back at work teaching Swedish to immigrants after being headhunted by a recruitment company.
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Ericsson confirms fall in profits
Business & Money: 25 Oct 07
Ericsson, the world's leading mobile networks maker, presented sharply lower third quarter earnings on Thursday in line with last week's profit warning that shocked the market.
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Ericsson delayed news of profit warning
Business & Money: 18 Oct 07
Ericsson is reported to have kept shareholders in the dark for longer than necessary by delaying the announcement of its profit warning by 36 hours.
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Ericsson self-critical after slump
Business & Money: 17 Oct 07
Ericsson CEO Carl-Henrik Svanberg has admitted that the company has plenty of cause for introspection following Tuesday's unexpected profit warning.
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Ericsson share slides lower
Business & Money: 17 Oct 07
Shares in telecoms equipment manufacturer Ericsson continued their downward slide Wednesday, a day after the company issued a profit warning that shocked the market and raised concerns about the management's leadership.
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Ericsson shares plummet over profit warning
Business & Money: 16 Oct 07
Ericsson shares fell 24 percent in opening trading on the Stockholm Stock Exchange after the telecoms equipment maker said its profits would be lower than expected. The fall wipes 100 billion kronor off Ericsson's value.
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Ericsson result 'lower than expected'
Business & Money: 16 Oct 07
Telecoms giant Ericsson has announced that its third quarter result will be lower than expected.
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Rare albatross sighting for Swedish birdwatchers
National: 9 Jul 07
A yellow-nosed albatross was sighted off Sweden's southwestern coast, far from its habitat south of the equator, providing a rare treat for Swedish birdwatchers, ornithologists announced on Monday.
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Reinfeldt presses Chinese leader on human rights
National: 10 Jun 07
Swedish Prime Minister Fredrik Reinfeldt has pressed Chinese President Hu Jintao on his country's human rights record, during the final day of a three-day Chinese state visit in Sweden.
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Ericsson bids for German firm LHS
Business & Money: 5 Jun 07
Swedish telecom operator Ericsson has made a 2.9 billion kronor bid for German IT company LHS.
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Ericsson reports bumper profit
Business & Money: 26 Apr 07
Swedish telecoms equipment maker Ericsson made net profits of 8.3 billion kronor in the first quarter, up from 6.7 billion in the same period last year.
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Ericsson bonus scheme voted down
Business & Money: 11 Apr 07
A bonus scheme for employees at Swedish telecoms giant Ericsson has been voted down at the company's annual general meeting. This puts the company in a very difficult position, chairman Michael Treschow says.
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Ericsson bids for Norway's Tandberg Television
Business & Money: 26 Feb 07
Ericsson has bid for Norway's Tandberg Television in an attempt to beef up its service to operators who want to broadcast television via the Internet.
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Ericsson profits surge
Business & Money: 2 Feb 07
Business is good at Swedish telecom giant Ericsson: on Friday the firm announced a profit in 2006 of 26.3 billion kronor, up 8.2 percent on the previous year.
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Ericsson plans major Indian investments
Business & Money: 18 Jan 07
Swedish telecoms equipment giant Ericsson says it will invest $500 million in India over the next five years, as part of plans to exploit "phenomenal" growth in the country.
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Ericsson in major US broadband deal
Business & Money: 20 Dec 06
Swedish telecoms equipment maker Ericsson has agreed to buy American company Redback networks, which makes broadband routers, for 2.1 billion dollars.
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Chinese worker earned 4 kronor per hour
National: 2 Nov 06
A Chinese worker killed in an accident at his workplace in Gothenburg was earning 4 kronor per hour, it has been revealed. Unions are now demanding better pay for guest workers.
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Improved Ericsson results disappoint
Business & Money: 19 Oct 06
Ericsson saw profits increase to 8.8 billion kronor in the third quarter, but analysts had expected better. CEO Carl-Henric Svanberg said the business was showing positive momentum.
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Ericsson hires 500 engineers
Business & Money: 15 Sep 06
The Swedish telecoms giant is to hire 500 new engineers as part of a major reorganization. Most of the jobs will be located in Sweden.
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Ericsson profits fall
Business & Money: 21 Jul 06
The Swedish telecom giant sees its profits dragged down by British subsidiary Marconi. But results out on Friday still beat most analysts' expectations.
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Ericsson sells defence arm to Saab
Business & Money: 12 Jun 06
Swedish telecoms company is selling Ericsson Microwave Systems along with a number of other defence-related businesses to aerospace company Saab for 3.8 billion kronor.
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Ericsson will take time to bounce back - Svanberg
Business & Money: 11 May 06
Ericsson's Carl-Henric Svanberg tells investors that the company will not recover immediately from a drop in operating profits.
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Ericsson wants rid of oldies
Business & Money: 24 Apr 06
By offering an incentive of 18 months' salary, start-up funding and career help, Ericsson hopes to persuade 1,000 employees aged 35-50 to quit the firm.
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Ericsson profits lower than expected
Business & Money: 21 Apr 06
Ericsson has reported net profit of 4.6 billion kronor in the first quarter of the year. Analysts had expected higher, but Ericsson blamed the cost of integrating Britain's Marconi.
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Svanberg: no more big mergers
Business & Money: 10 Apr 06
Ericsson's boss says his company will focus on buying small niche players rather than on super-mergers. And Carl-Henric Svanberg warns of the challenge from Chinese competitors.
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Ericsson boss favours organic growth
Business & Money: 5 Apr 06
Ericsson chief executive Carl-Henric Svanberg said the company is not short of potential partners interested in tie ups, but major acquisitions would hinder profit growth, reported Swedish business magazine Affarsvarlden.
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Ericsson chief earns 22.2 million kronor
Business & Money: 20 Mar 06
The managing director of Ericsson, Carl-Henric Svanberg, received a total salary of 22.2 million kronor last year, according to the telecom giant's annual accounts.
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Major Japanese order for Ericsson
Business & Money: 13 Mar 06
Swedish telecom firm Ericsson is to be the primary supplier of the new 3G network for Japanese operator Emobile. "It's a very big order," says an otherwise discreet press office.
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New board members for Ericsson
Business & Money: 2 Mar 06
The nomination of Börje Ekholm, chief executive of the Wallenberg family's Investor, to the board of Ericsson is accompanied by the promotion of Marcus Wallenberg to the post of vice chairman.
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Swedish firms in election threat - Ulvskog
Politics: 8 Feb 06
The Social Democrats' party secretary Marita Ulvskog has accused Sweden's biggest companies of intentionally withholding investment in order to make the government look bad in the run-up to the election in September.
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Dividend doubles as Ericsson profit climbs
Business & Money: 31 Jan 06
Swedish telecoms giant Ericsson announces a pre-tax profit of 10.1 billion kronor for the fourth quarter of 2005 - and shareholders are to see their dividend almost double to 45 öre per share.
READ »
Ericsson buys Britain's Marconi
Business & Money: 25 Oct 05
In a deal worth 16.8 billion kronor, Swedish telecoms giant Ericsson is to acquire its ailing British rival Marconi. However, Ericsson chief executive Carl-Henric Svanberg has already said that up to 20% of the Marconi workforce would have to go.
READ »
Eight billion kronor Ericsson profit fails to impress
Business & Money: 21 Oct 05
Telecoms giant Ericsson announces its third quarter results. "We continue to outpace the market," says chief executive Carl-Henric Svanberg - but the stock market is disappointed.
READ »
Ericsson to invest $1 billion in China
Business & Money: 7 Sep 05
Swedish telecoms giant Ericsson is to invest one billion dollars in China over the coming five years, betting on more demand for wireless services in the world's largest mobile phone market.
READ »
Government jobs plan "too little, too late"
Politics: 19 Aug 05
Finance minister Per Nuder announces a 16 billion kronor package to get 55,000 long-term unemployed back to work. "Too much, wrongly targeted," say business leaders. "Like a bottle of ketchup," says one union leader.
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Ericsson toasts profit rise
Business & Money: 21 Jul 05
The Swedish telecoms giant saw profits increase to 5.8 billion kronor in the second quarter. The rise was due to the rollout of 3G in North America and demand for GSM technology in developing markets.
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First quarter profits boost for Ericsson
Business & Money: 22 Apr 05
Carl-Henric Svanberg, CEO of Ericsson, says an unexpected surge in profits is down to a good product mix and successful cost-cutting measures in 2004.
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Ericsson stands by tax charge employees
Business & Money: 20 Apr 05
Six Ericsson employees are charged with evasion of tax control by Swedish authorities. We have faith in our workers, says the telecom company's boss.
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Steep pay rises for Sweden's listed company bosses
Business & Money: 15 Mar 05
Ericsson's managing director, Carl-Henric Svanberg tops Sweden's fat cat league table after taking home 22.3 million kronor last year - more than double his earnings from 2003.
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Unions slam Ericsson for factory closure
Business & Money: 22 Feb 05
Four hundred Ericsson employees lose their jobs as the telecoms company closes a factory near Stockholm, just two weeks after it announced record profits. The company should face up to its responsibilities to workers, say unions.
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Ericsson nets record profits
Business & Money: 10 Feb 05
After years of cuts, Swedish telecoms giant Ericsson seems to be on a roll again. According to CEO Carl-Henric Svanberg, sales are up, profits are up, and the company is taking on new staff.
READ »
Profit windfall for Sweden's top CEOs
Smörgåsbord: 4 Jan 05
READ »
"Sweden needs more bankruptcies"
Smörgåsbord: 10 Nov 04
READ »
Harvard creates professorship in Lindh?s name
Smörgåsbord: 24 Sep 04
READ »
Meet Sanna, 9 years old
Sanna is one of 2 million people in Sweden under the age of 18. Sweden is seen as a good place to grow up. The law makes sure children are well-protected and defends their rights and any organizations work with children's well-being. Read more »
Strindberg, king of drama
August Strindberg's plays shocked society, dazzled audiences and revolutionized drama. A century after his death, Strindberg, with his powerful, timeless themes, is celebrated around the world. Read more »
Prime Minister Reinfeldt chats with The Local »
"If you missed it yesterday, here’s The Local’s editor David Landes snagging Prime Minister Reinfeldt for a chat before Princess Estelle’s baptism. Always nice to know the PM has time for TL!" READ »
- 20/5 17:38 The story of K Composite Magazine (Snuggling With the Enemy)
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- 11/5 20:19 Back in Stockholm (They Call Me Sweden)
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