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Oct 7, 2013

Work on “cell traffic” and disease triggers wins Nobel prize

STOCKHOLM, Oct 7 (Reuters) – Three U.S.-based scientists won
the 2013 Nobel medicine prize on Monday for their work on how
hormones and enzymes are transported within and outside cells,
giving insight into diseases such as diabetes and Alzheimer’s.

Americans James Rothman, 62, Randy Schekman, 64, and
German-born Thomas Suedhof, 57, separately mapped out one of the
body’s critical networks that uses tiny bubbles known as
vesicles to ferry chemicals such as insulin within cells.

Oct 7, 2013

Rothman, Schekman and Suedhof win 2013 Nobel prize for medicine

STOCKHOLM (Reuters) – Two Americans, James Rothman and Randy Schekman, and Germany’s Thomas Suedhof won the 2013 Nobel prize for medicine or physiology for research into how cells organize their transport system, the award-giving body said on Monday.

The Nobel committee said the research deepened understanding of how disruptions in the transport of cells contribute to neurological diseases, diabetes and immunological disorders.

Sep 30, 2013

SCA boss sees tough 2014 in Europe, seeks Brazil, U.S. push

STOCKHOLM (Reuters) – The CEO of SCA (SCAb.ST: Quote, Profile, Research, Stock Buzz), Europe’s biggest hygiene products maker, predicted another tough year in 2014 for the European economy and said the Swedish company needed to expand in the United States and Brazil.

While European leading indicators have painted a picture of a recovery gaining traction, the extent of the upturn remains in question in the region which accounts for roughly 70 percent of sales at SCA, which makes which makes nappies, tissues and wipes.

Sep 24, 2013

Swedish government to sell remaining Nordea shares

STOCKHOLM, Sept 24 (Reuters) – Sweden is to sell its
remaining 7 percent stake in Nordea, the Nordic
region’s biggest bank, its second sale of Nordea shares this
year and giving the centre-right ruling coalition some fiscal
room for manoeuvre ahead of next year’s general election.

The government, Nordea’s second-biggest owner behind Finnish
insurer Sampo, said it would sell up to 284 million
ordinary shares in Nordea and will use the proceeds to reduce
the national debt.

Aug 1, 2013

New emission rules cloud European truck recovery

STOCKHOLM/FRANKFURT, Aug 1 (Reuters) – A likely rush by
haulage operators to upgrade fleets before new emission rules
take effect is posing problems for investors assessing the real
strength of a nascent European truck sector recovery.

A short-lived boost will distort production schedules for
recession-hit European truck makers still well short of peak
sales levels hit in the years before the 2008 financial crash.

Jul 24, 2013

Volvo shares rise as truck orders top forecasts

STOCKHOLM, July 24 (Reuters) – World number two truck maker
Volvo AB achieved stronger-than-expected orders and
earnings in the second quarter as a recovery in demand gained
pace in nearly all its main markets.

Shares in Sweden’s largest private sector employer and
biggest company by sales rose 2.9 percent in early trade,
extending recent gains to hit their highest level in more than a
month.

Jul 19, 2013

Scania to raise output as European markets speed up

STOCKHOLM, July 19 (Reuters) – Truck maker Scania
said on Friday it will raise production in the coming months as
an upturn in demand in the long-suffering European market
gathered pace, lifting its order intake in the second quarter.

While a smaller than expected rise in earnings, dented by a
strong Swedish currency and price pressure, weighed on
Scania shares, the company’s upbeat stance on demand is a
positive sign for a hard-hit truck industry across Europe.

Jul 18, 2013

Atlas Copco to shed more jobs as mining slump deepens

STOCKHOLM, July 18 (Reuters) – Engineering group Atlas Copco
announced more job losses on Thursday as spending
cuts across the mining industry hit demand for its trademark
drill rigs and loaders and raised worries the sector’s downturn
may have further to run.

Robust activity in services and industrial equipment stemmed
a fall in group profit and orders but the company forecast that
demand for mining gear would slip further in the near term.

Jul 16, 2013

Industry bellwether SKF reports tentative recovery

STOCKHOLM (Reuters) – SKF (SKFb.ST: Quote, Profile, Research, Stock Buzz), the world’s biggest maker of bearings and a bellwether of the manufacturing sector, reported a tentative improvement in demand, driven by a surprise pick up in sales to Europe’s car industry as well as energy and aerospace customers.

However the Swedish group, whose bearings are used in products ranging from dishwashers to wind turbines, struck a cautious tone about the months ahead, saying demand would probably consolidate at second-quarter levels for now.

Jun 20, 2013

Mining equipment makers rise to efficiency challenge

FRANKFURT/STOCKHOLM, June 20 (Reuters) – Mining equipment
manufacturers are making improvements to machinery that they
hope will deliver productivity gains for customers and counter
falling orders.

Under pressure from investors for higher returns, miners
want to get the most out of every shovel, grinder and truck to
help maintain margins which are being squeezed by high labour
and energy costs and cooling commodity prices.