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May 14, 2014

‘Searching for Sugar Man’ director dead at 36

STOCKHOLM, May 14 (Reuters) – Swedish film director Malik
Bendjelloul, whose documentary “Searching for Sugar Man” won an
Oscar last year, has died aged 36, triggering tributes for a man
who “chased the world for stories to tell”.

Police said Bendjelloul had died late on Tuesday in the
Stockholm area but declined to give further details. His brother
Johar Bendjelloul told a Swedish newspaper he had committed
suicide but the report could not be independently confirmed.

May 13, 2014

‘Searching for Sugar Man’ director Malik Bendjelloul dies at age 36

STOCKHOLM (Reuters) – Malik Bendjelloul, the director of Oscar-winning documentary “Searching for Sugar Man,” died on Tuesday evening in the Stockholm area, police said. He was 36.

Stockholm police declined to provide any further details about Bendjelloul’s death.

Apr 25, 2014

Mylan raises bid for Sweden’s Meda generic drugmaker

NEW YORK/STOCKHOLM (Reuters) – U.S. generic drugmaker Mylan (MYL.O: Quote, Profile, Research, Stock Buzz) has made a new and improved bid for Meda (MEDAa.ST: Quote, Profile, Research, Stock Buzz) valuing its Swedish rival at around $9 billion including debt, a person familiar with the matter said on Friday.

Mylan raised its all-stock offer to 145 crowns per share this week after its first attempt at a merger with a 130 per share offer was rejected by Meda earlier this month, the person said, asking not to be named because the matter is not public.

Apr 25, 2014

Mylan makes new higher bid for Sweden’s Meda

NEW YORK/STOCKHOLM, April 25 (Reuters) – U.S. generic
drugmaker Mylan has made a new and improved bid for Meda
valuing its Swedish rival at more than $9 billion, a
source familiar with the matter said on Friday.

Mylan raised its bid to 145 crowns per share after its first
attempt at a merger with a 130 per share offer was rejected by
Meda earlier this month, the source said.

Apr 25, 2014

Sandvik shares drop as mining gloom squeezes margins

STOCKHOLM, April 25 (Reuters) – Swedish engineering group
Sandvik AB suffered a further drop in demand for
mining equipment in the first quarter, the company said on
Friday, highlighting the impact of a squeeze on investment in
the mining industry in response to weak metals prices.

Sandvik shares were down 3.3 percent at 92.25 crowns by
1237 GMT, making them the top loser in the STOXX Europe 600
Industrial Goods & Services Index. The decline knocked
the stock from an 11-month high reached the previous session.

Apr 25, 2014

Volvo shares at three-year high as U.S. sales accelerate and cost cuts kick in

STOCKHOLM (Reuters) – World number two truck maker Volvo AB (VOLVb.ST: Quote, Profile, Research, Stock Buzz) raised its outlook for the North American market and reported the first savings from a drive to cut costs across the sprawling group, sending its shares to their highest in nearly three years.

Truck makers are heading into 2014 with U.S. demand gaining pace, while an anticipated hangover in Europe following a buying spree of older but cheaper trucks ahead of new emission rules is offset by a firmer economy and a growing need to replace ageing fleets.

Apr 25, 2014

Volvo raises North America outlook after first-quarter profit rise

STOCKHOLM (Reuters) – World number two truck maker Volvo (VOLVb.ST: Quote, Profile, Research) raised its outlook for the North American market on Friday after posting an expected rise in quarterly earnings as firmer demand in its main markets offset lingering costs for a vast renewal of its model range.

Truck makers are heading into 2014 with U.S. demand picking up strongly while an anticipated hangover in Europe from a buying spree of older but cheaper trucks ahead of new emission rules is tempered by an improving underlying economy and a growing need to replace ageing fleets.

Apr 25, 2014

Volvo raises North America outlook after Q1 profit rise

STOCKHOLM, April 25 (Reuters) – World number two truck maker
Volvo raised its outlook for the North American
market on Friday after posting an expected rise in quarterly
earnings as firmer demand in its main markets offset lingering
costs for a vast renewal of its model range.

Truck makers are heading into 2014 with U.S. demand picking
up strongly while an anticipated hangover in Europe from a
buying spree of older but cheaper trucks ahead of new emission
rules is tempered by an improving underlying economy and a
growing need to replace ageing fleets.

Apr 24, 2014

Big Scania investor backs VW bid for Swedish truckmaker

STOCKHOLM, April 24 (Reuters) – Swedish pension funds group
Swedbank Robur said it would accept Volkswagen’s
offer for the shares in truck maker Scania it does not
already own, improving the prospect that the bid may go through
despite strong opposition.

Swedbank Robur is the fourth-largest owner of Scania shares
measured by capital with a 1.9 percent stake. Its decision on
Thursday comes a day after Alecta, the number three owner, said
it was spurning the German carmaker’s 60 billion Swedish crown
($9.1 billion) bid

Mar 21, 2014

Volvo sees growth for all main car markets in 2014

STOCKHOLM (Reuters) – Geely-owned Volvo Car Group returned to a solid profit last year as firmer sales, above all in China, and a firm lid on costs helped it overcome a weak start to 2013 and lingering weakness in the U.S. market.

The company, one of Sweden’s biggest by sales and number of employees, is banking on strong sales of increasingly locally-made Volvos in China to reach a target of roughly doubling sales by 2020 and securing its future in a cut-throat car industry.