Swedbank reports heavy losses - Tue, 09 Feb 2010 Swedbank has reported a bigger than expected operating loss of 1.6 billion kronor ($226.7 million) for the final quarter of 2009, yet the bank's CEO Michael Wolf sees opportunities for profits in 2010. SAS cuts 650 jobs - Tue, 09 Feb 2010 Troubled Scandinavian airline SAS has announced a new share issue to raise 5 billion kronor ($674 million), as well as a programme of cuts and savings designed to save a further 2 billion kronor. EU approves Sweden's Saab loan guarantee - Mon, 08 Feb 2010 The EU's competition watchdog has approved the Swedish government's intention to guarantee a European Investment Bank (EIB) loan to automaker Saab. Tide turns for Swedish bankruptcies: report - Mon, 08 Feb 2010 The number of Swedish firms filing for bankruptcy declined by 14 percent in January in comparison with the corresponding month in 2009. 484 companies went to the wall during the month, new statistics show. Volvo optimistic as losses mount - Fri, 05 Feb 2010 Swedish truck maker Volvo says it sees signs of recovery in the global economy as it reports a net loss of 14.7 billion kronor ($1.96 billion) in 2009. Saab dealers: we'll help pay for Spyker deal - Fri, 05 Feb 2010 Swedish Saab dealers have said they are willing to stump up millions of kronor to help Dutch sportscar maker Spyker secure its purchase of Saab Automobile. Swedish daily slashes workforce - Thu, 04 Feb 2010 Dagens Nyheter, a Swedish daily newspaper, has announced that it is slashing more than 100 jobs after a year of continued losses. Metro finishes 2009 with a flourish - Thu, 04 Feb 2010 Metro International, the Swedish publisher of free newspapers, reported a strong last quarter in 2009 but recorded a loss for the full year. Scania cuts dividend as profits fall - Wed, 03 Feb 2010 Despite a fall in net profit for the fourth quarter, a brighter forecast put the wind in the sails of Swedish truck manufacturer Scania on the Stockholm exchange on Wednesday. Electrolux stock falls on gloomy forecast - Wed, 03 Feb 2010 Swedish appliances firm Electrolux reported solid 2009 profits on Wednesday. But a weak forecast pushed the company's stock into a nosedive. |