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February 14, 2012
Wallenberg
The following articles have been tagged with "Wallenberg":
Saab museum saved by Wallenberg millions
Business & Money: 25 Jan 12
The Saab museum of automobile rarities, which has struggled to find a buyer following the company’s recent bankruptcy, has been saved by a Wallenberg-family trust that wanted the museum to remain intact.
READ »
Sweden launches new Wallenberg investigation
National: 18 Jan 12
The Swedish foreign ministry announced on Wednesday that a new probe into the fate of Swedish diplomat Raoul Wallenberg, who vanished after being taken into custody by Soviet Union soldiers 67 years ago.
READ »
Sweden knew Wallenberg probe 'blocked' by KGB
National: 17 Jan 12
Sweden was aware that Soviet secret police were obstructing an investigation into the fate of Swedish Holocaust hero Raoul Wallenberg, researchers claim, citing a newly discovered document.
READ »
Raoul Wallenberg – Sweden's Not-So-Favourite Son
Analysis & Opinion: 2 Jan 12
The Swedish government has announced that it will designate 2012 as the official "Raoul Wallenberg Year" and the honour is more than deserved, according to historian Susanne Berger.
READ »
Far-right demo creates chaos in Stockholm
National: 10 Dec 11
Right-wing extremist groups clashed with counter protesters at in Gamla Stan, as an annual demonstration relocated from Salem to Stockholm.
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What would Dawit Isaak have done?
Analysis & Opinion: 21 Oct 11
While the frustration expressed recently by the children of imprisoned Swedish-Eritrian journalist Dawit Isaak is understandable, it's important to consider how Isaak would handle a case such as his, argues historian Susanne Berger.
READ »
'Sweden should ask for US help to free journalists jailed in Ethiopia'
Analysis & Opinion: 17 Oct 11
Just as Sweden helped win the release of two American journalists captured in North Korea in 2009, the US can hopefully find a way to return the favour in Ethiopia before Sweden considers supporting US anti-terror efforts in the region, argues historian Susanne Berger.
READ »
Barnevik hits back at ex-Investor chair Wallenberg
Business & Money: 14 Oct 11
Percy Barnevik, the former CEO of industrial giant ABB who was disgraced over a pension scandal in 2003, has answered charges from ex-Investor board chair Peter Wallenberg that Barnevik was a terrible business leader.
READ »
Wallenbergs' Italian porn push goes limp
Business & Money: 25 Aug 11
Sweden's powerful Wallenberg family has been left out of pocket following the premature collapse of Italian sport and pornography television channel Dahlia TV.
READ »
Report: 'Russia lied in Wallenberg probe'
National: 2 Aug 11
A new book containing statements from a cellmate of missing Swedish diplomat Raoul Wallenberg proves that Russian officials deliberately withheld information about the fate of the man credited with saving thousands of Jews from the Holocaust, researchers allege.
READ »
'Set Dawit Isaak free'
Analysis & Opinion: 4 Jul 11
As Swedish citizen Dawit Isaak endures his tenth year in Eritrean captivity, publicist Arne Ruth and historian Susanne Berger explain why the Swedish government should give its full backing to a new legal initiative aimed at securing his release.
READ »
'Swedish shipments to Nazis may have been ransom for captured Swedes'
Analysis & Opinion: 29 Jun 11
Historical documents related to the capture of seven Swedes by the Gestapo in Poland in 1942 puts Sweden's subsequent ball bearing deliveries to Nazi Germany in a new light, argue historians Susanne Berger and Ingela Magner.
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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.
READ »
Sweden's EQT nets billions in Kabel BW sale
Business & Money: 22 Mar 11
Swedish fund EQT Monday announced the sale of Kabel BW, a German cable operator, to US-based Liberty Global for 3.16 billion euros ($4.49 billion).
READ »
Minister takes aim at free school 'profits'
Education: 25 Feb 11
Sweden's education minister Jan Björklund has sharpened his tone against privately-run "free schools", conceding that there are several indications that profit takes precedence over quality.
READ »
Condemn the Swedish model, not Kamprad
Analysis & Opinion: 2 Feb 11
Rather than denounce Ikea founder Ingvar Kamprad, people should instead take aim at the Swedish system that forced him to move the company’s fortunes abroad, argues business school professor Hans Sjögren.
READ »
'Wallenberg and Isaak are still worth fighting for'
Analysis & Opinion: 26 Jan 11
With Swedish journalist Dawit Isaak in prison in Eritrea and questions still swirling about the fate of Raoul Wallenberg, historian Susanne Berger argues that Sweden needs to do more to shorten its ignominious line of unsolved disappearances.
READ »
Top Swedish execs hire bodyguards over threats
National: 14 Jan 11
An increasing number of Sweden's top business executives are hiring bodyguards as the threat and risk of robbery and extortion grows in the country.
READ »
Investor doubles up on NASDAQ OMX shares
Business & Money: 16 Dec 10
Swedish holding company Investor has agreed to double its stake in the NASDAQ OMX Group, the Wallenberg family powerhouse announced on Thursday.
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Swedish communications firm Com Hem up for sale
Business & Money: 10 Dec 10
Swedish television and internet company Com Hem is up for sale and expected to fetch 13 billion ($1.89 billion) to 18 billion kronor, according to media reports.
READ »
Outrage over 'US-style' pay for Electrolux CEO
Business & Money: 26 Nov 10
Union representatives for workers at Swedish appliance manufacturer Electrolux have railed against the generous pay package for incoming American CEO Keith McLoughlin.
READ »
Investor 'ready to invest' as assets climb
Business & Money: 13 Oct 10
Swedish holding firm and Wallenberg family powerhouse Investor indicated in its interim report that it is prepared to dig deep and invest when the time is right, as its asset portfolio showed a 9 percent increase.
READ »
Swedbank denies merger talk rumours
Business & Money: 8 Oct 10
Two of Sweden’s largest banks are flirting with Swedbank about a possible merger, according to media reports. Swedbank denies any talks are underway, however.
READ »
Electrolux announces a change at the top
Business & Money: 23 Sep 10
Sweden's Electrolux, the world's second-largest home appliance manufacturer, has announced that Keith McLoughlin will succeed outgoing Hans Stråberg as the company's new president and CEO.
READ »
'I love you, Victoria'
Society: 20 Jun 10
Guests at the royal wedding party danced into the early hours after Prince Daniel’s moving speech brought tears to the eyes of a radiant Crown Princess Victoria.
READ »
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.
READ »
Swedish state should focus on venture capital: report
National: 4 Apr 10
The Swedish state should focus on developing new investment funds for venture capital as well as seeking out international and national capital investment, according to a proposal published this week in Dagens Nyheter newspaper.
READ »
Soviets lied over Wallenberg death: researchers
National: 3 Apr 10
Two researchers have said there is strong evidence to suggest that Swedish diplomat Raoul Wallenberg was still alive after the date on which the Soviet Union claimed he had died of a heart attack.
READ »
Wallenberg lived longer than claimed: report
National: 2 Apr 10
Russian archivists have said that Swedish diplomat Raoul Wallenberg may have been alive after July 17, 1947. Wallenberg is credited with rescuing thousands of Hungarian Jews during the Holocaust.
READ »
Investor buys big in defence concern Saab
Business & Money: 5 Mar 10
The Wallenberg-family controlled firm Investor has purchased 11.2 million b-shares, 10.2 percent of the capital, in defence concern Saab. The price tag comes in at 1.1 billion kronor ($150 million).
READ »
Nordic governments back SAS for now
National: 21 Feb 10
The governments of Sweden, Norway and Denmark have agreed to pump 4.7 billion kronor ($684 million) into the sagging Scandinavian airline SAS while all want to sell their stakes as biggest shareholders.
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Defence firm Saab returns to profitability
National: 14 Feb 10
Saab Automobile has been losing money for years. But the separate Saab military products company is posting nice profits, though not quite meeting market expectation.
READ »
Reinfeldt reclaims top spot in Sweden power rankings
National: 6 Nov 09
Prime Minister Fredrik Reinfeldt can once again lay claim to the title of Sweden’s most power person, having nudged his own finance minister Anders Borg from the top spot in a new ranking released on Thursday.
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Profits up at Sweden's Investor
Business & Money: 13 Oct 09
Swedish investment group Investor turned a profit in the third quarter, the company reported on Tuesday, capitalizing on global financial markets’ decreased volatility.
READ »
Investor sees profits bounce back
Business & Money: 14 Jul 09
Despite strong second-quarter profits at Investor, the CEO of the Swedish holding company said Tuesday he doesn’t expect the global economy to rebound quickly.
READ »
Sweden's Investor cuts losses
Business & Money: 15 Apr 09
Swedish holding company Investor reported net losses of 3.02 billion kronor ($368 million) for the first quarter on Wednesday. The firm's CEO forecast continued economic turbulence in 2009.
READ »
SEB executives forego pay rises after media storm
National: 14 Mar 09
Swedish bank SEB CEO Annika Falkengren on Saturday apologized to the bank's customers and employees after the outcry that followed a decision to hike executive pay.
READ »
Reinfeldt calls SEB pay raises 'indulgent'
Politics: 12 Mar 09
Swedish Prime Minister Fredrik Reinfeldt has joined Social Democratic leader Mona Sahlin in lashing out against the SEB banking group over a decision to hike executive pay.
READ »
Investor boss gets big pay packet
Business & Money: 9 Mar 09
The chief executive of Investor, the holding company of the Wallenberg family, received a pay packet worth 15.4 million kronor for 2008, despite the company posting a loss of 37 billion kronor.
READ »
Wallenberg suicide secrets emerge after three decades
Society: 2 Mar 09
New documents have shown that the mother and stepfather of Raoul Wallenberg both committed suicide in 1979 having dedicated much of their lives in a despairing search for the missing Swedish diplomat.
READ »
Swedes approved secret Nazi loan: report
National: 15 Feb 09
New documents have emerged indicating that Swedish finance minister, Ernst Wigforss, approved secret Swedish bank credits to Nazi Germany in 1941.
READ »
SAS losses prompt reorganization
Business & Money: 3 Feb 09
Scandinavian airline SAS reported major losses for 2008 on Tuesday as it announced plans to accelerate restructuring, lay off thousands, and divest several subsidiaries.
READ »
Russians in Sweden: taming a fear of the bear
Analysis & Opinion: 30 Jan 09
In the first of a series highlighting different communities in Sweden, The Local’s David Landes takes a look at how the sprawling and complex history of Swedish-Russian relations affects life for Russians living in Sweden today.
READ »
Investor posts 36 billion kronor loss for 2008
Business & Money: 20 Jan 09
The Wallenberg industrial holding company Investor reported huge losses for 2008 on Monday, despite a reduction in fourth quarter losses.
READ »
Porsche obliged to bid for Scania
National: 6 Jan 09
German sports car maker Porsche is obliged to place a bid for Swedish truck firm Scania after acquiring more that fifty percent of the voting stock in Volkswagen.
READ »
Ford values Volvo at $6 billion: report
Business & Money: 4 Dec 08
Ford has said it wants to sell Volvo Cars for $6 billion, just shy of what the US carmaker paid when it bought the Swedish company a decade ago.
READ »
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.
READ »
Top ten Swedish inventions
Lifestyle: 10 Nov 08
Nina Liljeqvist looks at ten Swedish inventions that have changed the world.
READ »
Sweden is in the eye of the beholder
Analysis & Opinion: 15 Oct 08
Sweden means many different things to many different people. Just ask the United States Secret Service, writes Olle Wästberg, director-general of the Swedish Institute.
READ »
Investor suffers 'torturous' third quarter
Business & Money: 14 Oct 08
Swedish investment giant Investor expressed optimism for the future on Tuesday despite suffering massive third quarter losses.
READ »
Swedish shares continue to climb
Business & Money: 14 Oct 08
Following Monday’s upward trend, the Stockholm stock exchange had climbed more than 5 percent in the first ten minutes of trading on Tuesday.
READ »
Record gains on Stockholm exchange
Business & Money: 13 Oct 08
The Stockholm stock exchange recovered some of the ground lost in recent weeks with a massive 8.8 percent rise on Monday.
READ »
Three Swedes among world's most powerful businesswomen
Society: 29 Sep 08
Three Swedish women are among Fortune magazine’s most powerful business women in the world, with SEB bank CEO Annika Falkengren coming in seventh place.
READ »
Investor plunges into the red in second quarter
Business & Money: 10 Jul 08
Investor, Northern Europe's biggest industrial holding company, fell into the red in the second quarter with a net loss of 3.52 billion kronor.
READ »
The third chair was for the spy
Analysis & Opinion: 9 Jul 08
A new Swedish snoop law has sparked the wildest political debate in many years. Cold War press veteran David Bartal wonders why people seem so surprised.
READ »
TeliaSonera sued over false ad claims
Business & Money: 29 May 08
Telecom operator 3 has filed a suit against TeliaSonera for what it argues are deceptive claims about the latter’s mobile broadband coverage.
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Scania sees profits rise while orders sag
Business & Money: 28 Apr 08
Scania on Monday posted strong first quarter results and increased sales while flagging a sharp fall in new orders ahead.
READ »
What's on in Sweden: April 18 - 24
Lifestyle: 17 Apr 08
What's on this week in Sweden: Alcoholic drinks fair in Stockholm, Speedminton in Gothenburg, Angie Stone in Malmö.
READ »
MAN not required to bid on remaining Scania shares
Business & Money: 10 Apr 08
The Swedish Financial Supervisory Authority has concluded that the German truck manufacturer MAN AG is not obliged to launch a bid on Scania AB.
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Sweden reacts to sale of Vin & Sprit
National: 31 Mar 08
Reaction from Sweden’s press and political establishment ranged from shock to scathing criticism following Monday’s announcement that Pernod Ricard would assume ownership of Vin & Sprit.
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Unions reject Swedish bid for Absolut vodka
Business & Money: 28 Mar 08
Unions argue that the Sweden-based bid for the takeover of Vin & Sprit, owner of the vodka brand Absolut, is probably the worst alternative available.
READ »
Auto industry jewel slips into foreign hands
Business & Money: 3 Mar 08
Volkswagen's acquisition of truckmaker Scania saw one of the Swedish auto industry's last crown jewels pass into foreign hands, following in the footsteps of Volvo and Saab.
READ »
Scania's main union welcomes VW deal
National: 3 Mar 08
Scania's main workers union has said it was pleased German car maker Volkswagen had taken control of the Swedish truck maker.
READ »
Volkswagen makes Scania swoop
Business & Money: 3 Mar 08
Volkswagen is to raise its voting rights in Scania following an accord with Investor and the Wallenberg foundation. The move is seen as a possible prelude to a merger of Scania and MAN.
READ »
Sweden's financial families ride economic rollercoaster
Business & Money: 7 Dec 07
Two of Sweden's most powerful financial families, the Wallenbergs and the Stenbecks, have had a bumpy ride on this year's turbulent stock market.
READ »
Forbidden names: identity and the law
Analysis & Opinion: 26 Nov 07
Combining your name with that of your spouse seems like a perfectly natural thing to do in a modern society. But things can be complicated if you live in Sweden, says Elizabeth Dacey-Fondelius.
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MAN shares leap on report of Scania bid
Business & Money: 18 Oct 07
Shares in heavy lorry maker MAN leapt in early trading in Frankfurt on Thursday after a press report said Scania of Sweden was set to launch a bid for the German group. Shares in Volkswagen also benefited.
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Union blasts Wallenberg interest in Vin & Sprit
Business & Money: 17 Oct 07
The Swedish Food Workers Union has rejected moves by Wallenberg-owned venture capital firm EQT to acquire drinks maker Vin & Sprit.
READ »
Investor: Absolut owner 'is attractive'
Business & Money: 11 Oct 07
The Wallenberg family's investment company Investor has expressed an interest in buying the state-owned maker of Absolut Vodka, Vin & Sprit.
READ »
'Sweden needs a Stasi debate'
Analysis & Opinion: 9 Oct 07
Swedish security service Säpo should reveal the names of Swedes who collaborated with the East German Stasi, argues Moderate Party member of parliament Hans Wallmark.
READ »
No go for Scania-MAN trucking merger - report
Business & Money: 15 Sep 07
Plans to merge Swedish truck-maker Scania with Germany's MAN and parts of Volkswagen have been called off, according to the German weekly magazine Focus, quoting an unidentified manager involved.
READ »
Wallenberg family blocking Scania-MAN trucking tie-up
Business & Money: 28 Aug 07
Swedish investor Peter Wallenberg has stalled talks to merge Scania with Germany's MAN and parts of Volkswagen.
READ »
Wallenberg family blocking Scania-MAN trucking tie-up
Business & Money: 28 Aug 07
Swedish investor Peter Wallenberg has stalled talks to merge Scania with Germany's MAN and parts of Volkswagen.
READ »
Nasdaq tweaks OMX bid
Business & Money: 21 Aug 07
Nasdaq CEO Rob Greifeld says he may have convinced Investor and Nordea to accept an offer for OMX consisting entirely of shares.
READ »
Ford sets price tag for Volvo
National: 15 Jul 07
Ford is preparing to sell its Swedish carmaking arm Volvo Cars for $8 billion, it has been reported. The sale follows a period of losses for the US auto group.
READ »
Core investments bolster Investor growth
Business & Money: 11 Jul 07
The Wallenberg family's investment firm Investor saw its net asset value surge to 182.6 billion kronor (27.4 billion dollars) in the first half of 2007, with ABB, Scania and Atlas Copco the main drivers.
READ »
Wallenbergs buy into Norwegian company
Business & Money: 22 Jun 07
Swedish aerospace and defence company Saab has bought a large shareholding in Norwegian company Aker Holding, which is the largest owner of Norwegian industrial company Aker Kvaerner.
READ »
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.
READ »
Wallenberg monument vandalized
National: 31 May 07
A monument to World War Two hero Raoul Wallenberg has been vandalized just a week after it was first unveiled.
READ »
Sweden is virtually first in Second Life
Science & Technology: 30 May 07
Sweden's foreign minister Carl Bildt has cut a virtual ribbon to open a Swedish Embassy that only exists in cyberspace. But toasting the opening with virtual champagne could not beat real life diplomatic receptions, he opined.
READ »
Wallenbergs look to strengthen Norway ties
Business & Money: 19 Apr 07
The powerful Wallenberg family is looking to strengthen ties with Norwegian industry. Marcus Wallenberg will visit the country in June as part of a major delegation.
READ »
Schyman storms Investor meeting
Politics: 27 Mar 07
Sweden's best-known feminist, Gudrun Schyman, has started her campaign to get more women appointed to company boards. First stop was the annual general meeting of the Wallenberg family's Investor.
READ »
Scandic back in Swedish hands
Business & Money: 2 Mar 07
The Nordic region's largest hotel chain has been sold by Hilton to Swedish private equity company EQT for 7.7 billion kronor.
READ »
Wallenberg takes over at Electrolux
Business & Money: 13 Feb 07
Marcus Wallenberg, scion of Sweden's most powerful business dynasty, has been named chairman of electrical giant Electrolux. The appointment seals his position as one of the top names in Swedish industry.
READ »
SEB in record year
Business & Money: 9 Feb 07
Swedish bank SEB experienced its best year ever in 2006, with operating profits increasing by 39 percent to 15.5 billion kronor.
READ »
Carola and Henke on King's Medal list
National: 28 Jan 07
Singer Carola and footballer Henrik Larsson are among 32 politicians, industrialists, sports stars, artists, entertainers and officials named as this year's recipients of the King's Medal.
READ »
Wallenbergs buy Gothenburg health company
Business & Money: 26 Jan 07
Mölnlycke Healthcare, a Gothenburg-based company producing bandages and disposable surgical products, has been sold to the Wallenberg family's holding company Investor and Morgan Stanley.
READ »
Investor profits slump
Business & Money: 18 Jan 07
Investor, Northern Europe's biggest industrial holding company, announced on Thursday a 35 percent drop in net profits in 2006 despite a 19 percent rise in the value of its share portfolio.
READ »
Introducing...the Wallenbergs
Lifestyle: 15 Jan 07
While the Social Democrats controlled the Swedish state for much of the past century, it was the Wallenbergs who controlled the country's business life. And now the family has let the TV cameras in.
READ »
VW and MAN to meet Wallenbergs over Scania
Business & Money: 14 Jan 07
Volkswagen AG and MAN AG's supervisory board chairmen are to hold talks with Sweden's Wallenberg family, a key shareholder of Scania AB, to discuss MAN's takeover bid for its Swedish rival.
READ »
Scania boss compares German bid to Hitler's tactics
Business & Money: 7 Dec 06
The Scania takeover battle stepped up on Wednesday, as the firm's chief executive Leif Östling likened a hostile bid by Germany's MAN to Hitler's 'blitzkrieg'.
READ »
MAN 'could extend Scania bid'
Business & Money: 30 Nov 06
German truckmaker MAN said on Thursday that it could extend its takeover bid for Swedish rival Scania.
READ »
Scania repeats MAN refusal
Business & Money: 24 Nov 06
The Swedish truckmaker has repeated its refusal of a takeover bid from German rival MAN, while saying that it intends to give shareholders a dividend of 50 kronor per share.
READ »
MAN presents hostile bid
Business & Money: 16 Nov 06
German industrial group MAN has formally presented its 9.6 billion euro hostile takeover for Swedish truckmaker Scania.
READ »
Wallenbergs could be forced to bid for Scania
Business & Money: 9 Nov 06
The Wallenberg family could be obliged to bid for truckmaker Scania, now that its company Investor together with the Wallenberg foundations control 30.6 percent of the company.
READ »
Wallenbergs could chair merged truck giant
Business & Money: 23 Oct 06
German industrial group MAN said that it could offer the chairmanship of a combined truckmaker with Scania to Investor, controlled by Sweden's Wallenberg family.
READ »
Saab exec quits over office romance
Business & Money: 28 Sep 06
The communications director of Saab has resigned after romance blossomed between her and the company's CEO Åke Svensson. "We can't work in the same team," says Helena Stålnert.
READ »
MAN in hostile Scania bid
Business & Money: 18 Sep 06
The battle for domination of the European truck building industry got underway on Monday with a hostile bid from German MAN for Swedish truckmaker Scania.
READ »
Scania shares soar over bid rumours
Business & Money: 13 Sep 06
Swedish truck manufacturer Scania said on Tuesday that it believes German rival MAN plans to launch a takeover bid. The company's shares rose sharply on Wednesday morning.
READ »
Investor companies worth less
Business & Money: 11 Jul 06
The value of the investments Wallenberg family holding company Investor is down on the end of the last quarter, but still up compared to their value at the beginning of the year.
READ »
20 things to know before moving to Sweden
As diverse as Sweden is, there are a few societal norms that are distinctly Swedish. Understanding a handful of them will hopefully prepare you culturally before you relocate. When you're invited home to a Swede, you better be on time and take your shoes off, writes expat Lola Akinmade-Åkerström. Read more »
How far can English take you in Sweden?
Sweden is a country where almost everyone can speak English. So why bother to learn Swedish? Edina Varnagy from Hungary managed with English for a whole year but then found that Swedish could open doors – to a job, a social life and greater understanding. Read more »
"The ice dripped in the winter sun. It was the first day when the light had been intense enough to cause dripping in the sunlight. To hear it was an extraordinary wakeup call. The cycle was happening again as it always does, always will (or so we think). I imagined that on my summer island, the bees..." READ »
- 11/2 09:27 Fika Quiz (The Swedish Teacher)
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fin
adjective
Fin means anyhting from sweet to proper. When someone says, Du är så fin it's quite a compliment.
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