Telecom firm Ericsson (ERICb.ST) has received clearance from the U.S. national security panel to complete a $6.2-billion acquisition of cloud communications firm Vonage , the Swedish company said on Friday.…
Category: Business
Handelsbanken’s Q2 profit misses forecasts on hedging loss
Swedish bank Handelsbanken (SHBa.ST) reported its second-quarter profit well below forecasts on Friday, after a downturn in capital markets triggered a loss on hedging instruments. Operating earnings at the 150-year-old…
Chocolate factory to restart production after salmonella scare, Barry Callebaut says
Barry Callebaut (BARN.S) said that it would restart the first chocolate production lines as of early August at its factory in Wieze, Belgium, following a salmonella outbreak at the site.…
Amazon reducing its private-label items as sales fall – WSJ
Amazon.com Inc (AMZN.O) has started reducing the number of items it sells under its own brands amid weak sales, the Wall Street Journal reported on Thursday, citing people familiar with…
Lender Better faces SEC probe for alleged federal laws violation
The U.S. Securities and Exchange Commission (SEC) is examining whether mortgage lender Better.com and the special purpose acquisition company it has agreed to merge with, Aurora Acquisition Corp (AURC.O), violated…
SAS, unions fail to find agreement; talks to resume Friday
SAS (SAS.ST)and pilot unions failed again on Thursday to agree on a deal to end a crippling strike that the airline said threatened its ability to access bridge financing without…
Warner Bros Discovery extends contracts of CFO, key executive
Warner Bros. Discovery Inc has extended contracts of its finance and strategy chiefs, the media company revealed in a filing on Thursday. Chief Financial Officer Gunnar Wiedenfels will stay with…