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Dec 13, 2010

Stockholm bomber aimed for major targets: prosecutor

STOCKHOLM (Reuters) – A Middle East-born man who died in a blast in Stockholm was wearing an explosives belt and likely intended to attack a crowded train station or department store when the device went off prematurely, an official said.

Sweden’s chief prosecutor Tomas Lindstrand told a news conference on Monday the man had been well equipped with explosives, including the belt, and he assumed the man had accomplices as the attack was well planned.

Dec 13, 2010

Police probe Stockholm blasts as act of terrorism

STOCKHOLM (Reuters) – Police said on Sunday they were treating bomb blasts in Stockholm as an act of terrorism by a lone attacker that followed an emailed threat referring to Sweden’s troops in Afghanistan and to cartoons of Mohammad.

Police stopped short of calling Saturday afternoon’s blasts, which killed the suspected bomber and wounded two people, a suicide attack. A car blew up in a busy shopping area, followed minutes later by a second explosion nearby.

Dec 12, 2010

Sweden says Stockholm blasts were “terror crimes”

STOCKHOLM (Reuters) – Swedish police investigating two blasts that rocked central Stockholm on Saturday, killing the suspected bomber and wounding two, said on Sunday they had good leads into what they said were “terror crimes”.

Before the explosions, the Swedish news agency TT received a threatening letter about Sweden’s military presence in Afghanistan and caricatures of the Prophet Mohammad drawn several years ago by a Swedish cartoonist.

Dec 9, 2010

Small Swedish firm keeps channeling funds to WikiLeaks

STOCKHOLM (Reuters) – While major payment providers MasterCard, Visa and PayPal have stopped transfers to WikiLeaks, a small company with a base in south Sweden said on Thursday it would carry on as a lone channel for donations.

The three big companies stopped servicing WikiLeaks after the website’s release of U.S. diplomatic cables that have angered and embarrassed Washington.

Dec 3, 2010

WikiLeaks’ Assange to fight any extradition: lawyer

STOCKHOLM (Reuters) – WikiLeaks founder Julian Assange will fight any bid to extradite him to Sweden over sexual misconduct allegations, and suspects foreign powers are influencing the authorities, his Swedish lawyer said on Friday.

The Swedish prosecutor’s office said information needed for a European arrest warrant in the case had been supplied to Britain, where media reports say Assange is staying.

Dec 2, 2010

Sweden banks resilient, eye on mkts, housing-cbank

STOCKHOLM, Dec 2 (Reuters) – Swedish banks will make lower
losses than expected in the next few years due to improving
economic conditions, but they could face financing problems if
domestic house prices fall, the central bank said on Thursday.

The Riksbank forecast loan losses of 42 billion crowns
($6.01 billion) in 2010 to 2013 at the four top Swedish lenders
– Nordea (NDA.ST: Quote, Profile, Research, Stock Buzz), Handelsbanken (SHBa.ST: Quote, Profile, Research, Stock Buzz), SEB (SEBa.ST: Quote, Profile, Research, Stock Buzz) and
Swedbank (SWEDa.ST: Quote, Profile, Research, Stock Buzz).

Dec 1, 2010

Atlas Copco CEO upbeat on demand, margins

STOCKHOLM, Dec 1 (Reuters) – Swedish engineer Atlas Copco
(ATCOa.ST: Quote, Profile, Research, Stock Buzz) expects demand to remain favourable going into next
year, with margins remaining at recent robust levels after a
strong recovery in demand this year.

“I still see a positive trend,” said Ronnie Leten, chief
executive of the maker of compressors and machinery for mining
and construction industries.

Oct 29, 2010

Sandvik says strong crown hit Q3 profit

STOCKHOLM, Oct 29 (Reuters) – Swedish tool and machinery
maker Sandvik (SAND.ST: Quote, Profile, Research, Stock Buzz) said a stronger Swedish crown had robbed
it of some of the benefits of firmer demand after posting a
smaller-than-expected rise in third-quarter earnings.

“The seasonal weakening, which adversely impacts sales
and earnings, was offset by a continued improvement in demand in
most markets,” the company said in a statement.

Oct 28, 2010

Vattenfall sees soft power prices for years to come

STOCKHOLM, Oct 28 (Reuters) – Swedish power group Vattenfall
[VATN.UL] said it expected electricity prices to remain
depressed for years to come even while posting a 65 percent rise
in third-quarter operating profit, helped by lower costs.

Europe’s fifth-largest electricity producer has been hit in
recent quarters by lower demand due to the global downturn and
margin pressure from new production while it also needs to meet
the need for more sustainable energy sources.

Oct 27, 2010

European austerity tempers Assa Abloy growth view

STOCKHOLM, Oct 27 (Reuters) – Assa Abloy AB (ASSAb.ST: Quote, Profile, Research, Stock Buzz), the
world’s biggest lock maker, stuck to its forecast for only
slight organic sales growth this year as it expects European
government spending cuts to crimp demand.

The Swedish company, much of whose revenue is linked to
construction work and which sells locks under brands such as
Yale and Abloy, beat forecasts with a 21 percent rise in
third-quarter profit on Wednesday.