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Mar 17, 2011

Japan supply squeeze worries spread to telco gear

STOCKHOLM/HELSINKI (Reuters) – Top mobile telecom equipment makers joined automakers in warning of a damaging supply squeeze as the impact of Japan’s devastating earthquake spreads, adding to fears in a sector hampered by shortages.

Japan, home to around a fifth of the world’s semiconductor production, has seen factories making everything from chips to car parts closed following Friday’s earthquake, threatening supplies to manufacturers across the globe.

Mar 16, 2011

Telecom gear makers to feel Japan supply squeeze

STOCKHOLM/HELSINKI (Reuters) – Top mobile telecom equipment makers Ericsson and Alcatel-Lucent are braced for a supply squeeze following Japan’s earthquake, adding to fears for a sector hampered by shortages.

Japan, a dominant chip industry player with around a fifth of the world’s semiconductor production, has seen factories producing everything from chips to car parts closed following Friday’s earthquake, threatening supplies to manufacturers across the globe.

Mar 16, 2011

Telecom gear makers raise Japan supply chain fears

STOCKHOLM/HELSINKI, March 16 (Reuters) – Top mobile telecom
equipment makers Alcatel-Lucent (ALUA.PA: Quote, Profile, Research) and Ericsson
(ERICb.ST: Quote, Profile, Research) said Japan’s earthquake would hit the supply of
components, adding to concerns about a sector already hampered
by shortages.

Japan, a dominant chip industry player with around a fifth
of the world’s semiconductor production, has seen factories
producing everything from chips to car parts closed following
Friday’s earthquake. [ID:nL3E7EF450]

Mar 16, 2011

Ericsson raises Japan supply chain concerns

STOCKHOLM/HELSINKI, March 16 (Reuters) – Top mobile telecom
equipment maker Ericsson (ERICb.ST: Quote, Profile, Research, Stock Buzz) warned that Japan’s
devastating earthquake would hit the supply of components,
adding to concerns about a sector already hampered by shortages.

Japan, which is a dominant chip industry player with around
one-fifth of the world’s semiconductor production, has seen
factories producing everything from chips to car parts closed
following Friday’s huge earthquake and tsunami.[ID:nL3E7EF450]

Mar 16, 2011

Volvo picks its construction equipment boss as new CEO

STOCKHOLM, March 16 (Reuters) – Swedish group Volvo
(VOLVb.ST: Quote, Profile, Research, Stock Buzz), the world’s number two truck maker, said the head of
its construction equipment business was being promoted to group
chief executive, in a widely anticipated move.

Volvo Construction Equipment chief Olof Persson had been
seen as the front-runner to succeed long-time CEO Leif
Johansson, who is set to become chairman of telecom gear maker
Ericsson (ERICb.ST: Quote, Profile, Research, Stock Buzz).

Mar 8, 2011

Iceland’s fragile economy slips back in Q4

STOCKHOLM, March 8 (Reuters) – Iceland’s GDP shrank again in
the final part of 2010 after expanding in the third quarter,
underlining the fragility of its economy, which closed last year
registering its first year on year growth since the financial
crisis.

Iceland’s top three banks collapsed in late 2008 as the
global credit crisis struck, triggering a deep recession.

Mar 3, 2011

Ericsson proposes Volvo CEO as new chairman

STOCKHOLM, March 3 (Reuters) – Sweden’s Ericsson (ERICb.ST: Quote, Profile, Research, Stock Buzz),
the world’s biggest mobile networks maker, said on Thursday it
planned to appoint truck maker Volvo’s (VOLVb.ST: Quote, Profile, Research, Stock Buzz) top executive
as its new chairman.
Ericsson said it was proposing that its annual general
meeting elect Leif Johansson, the chief executive of the world
number two truck maker who is due to step down later this year
after a decade at the helm. [ID:nLDE6B71CN]

There had been speculation Johansson would succeed Michael
Treschow as chairman of the telecom giant after Treschow, who is
also chairman of consumer products group Unilever (ULVR.L: Quote, Profile, Research, Stock Buzz), said
he would leave Ericsson this year or the next. [ID:nLDE6B507Z]

Feb 7, 2011

Assa Abloy sees some growth in Europe this year

STOCKHOLM, Feb 7 (Reuters) – Assa Abloy AB (ASSAb.ST: Quote, Profile, Research, Stock Buzz), the
world’s biggest lock maker, expects some growth in its main
European market this year as construction expands in Germany and
other strong economies.

Posting 15 percent growth in fourth-quarter core earnings,
in line with expectations, the company said growth in some areas
would offset the impact of government austerity measures in
other markets.

Feb 4, 2011

Volvo profit lags as output hike hits snag

STOCKHOLM (Reuters) – World number two truck maker Volvo (VOLVb.ST: Quote, Profile, Research, Stock Buzz) posted a smaller-than-expected rise in fourth-quarter earnings on Friday, hit by problems as output was ramped up to meet a strong rise in demand.

The highly cyclical demand for heavy-duty trucks has picked up rapidly, leading Volvo to raise its forecast for demand on both sides of the Atlantic, but also leaving truck makers with the task of smoothly raising output from rock-bottom levels.

Feb 1, 2011

SKF cautions on materials costs and currencies

STOCKHOLM, Feb 1 (Reuters) – Sweden’s SKF (SKFb.ST: Quote, Profile, Research, Stock Buzz), the
world’s biggest bearings maker, said it faced adverse currency
movements due to a stronger crown and rising raw materials costs
after posting a rise in fourth-quarter figures.

Its shares were down 5.9 percent at 173.2 crowns by 1220
GMT, underperforming the broader market , while peers
Atlas Copco (ATCOa.ST: Quote, Profile, Research, Stock Buzz) and Sandvik (SAND.ST: Quote, Profile, Research, Stock Buzz) dipped 1.7 percent
and 2.7 percent respectively.