Mobile phone maker Sony Ericsson posts 2Q net loss of €213 millionJuly 16th, 2009 Sony Ericsson posts another loss in 2QSTOCKHOLM — Handset maker Sony Ericsson said Thursday it booked another loss in the second quarter as the global economic crisis continued to weigh on mobile phone sales. The LM Ericsson and Sony Corp.
Mobile phone maker Sony Ericsson posts 2Q net loss of euro213 millionJuly 16th, 2009 Sony Ericsson posts another loss in 2QSTOCKHOLM — Handset maker Sony Ericsson said Thursday it booked another loss in the second quarter as the global economic crisis continued to weigh on mobile phone sales. The LM Ericsson and Sony Corp.
Ericsson sees profits fall 61 pct in second quarterJuly 24th, 2009 Ericsson profits fall 61 pct in second quarterSTOCKHOLM — Swedish wireless equipment maker LM Ericsson AB on Friday said its second-quarter profits plunged 61 percent partly because of restructuring charges and losses in its mobile phone unit, Sony Ericsson. Ericsson said net profit in the April-June period was 800 million kronor ($106 million), down from 2 billion kronor in the same three months last year.
Mobile phone maker Sony Ericsson's loss widens in 3Q, but announces new financingOctober 16th, 2009 Sony Ericsson 3Q loss widens; gets new financingSTOCKHOLM — Mobile phone maker Sony Ericsson on Friday said its losses widened to €164 million ($245 million) in the third quarter, mainly due to plunging sales, but reassured the market by announcing it had secured new financing from external investors. The LM Ericsson and Sony Corp.
Ericsson sees profits fall 56 pct in second quarterJuly 24th, 2009 Ericsson profits fall 56 pct in second quarterSTOCKHOLM — Swedish wireless equipment maker LM Ericsson AB's second-quarter profits plunged 56 percent partly because of restructuring charges and losses in its mobile phone unit, Sony Ericsson, the company said Friday. The world's leading supplier of broadband networks said net profit in the April-June period was 831 million kronor ($111 million), down from 1.9 billion kronor in the same three months last year.
Sweden's Ericsson posts 35 percent drop in 1Q profit amid higher restructuring chargesApril 30th, 2009 Ericsson posts 35 percent drop in 1Q profitSTOCKHOLM — Wireless equipment maker LM Ericsson on Thursday reported a 35 percent fall in first-quarter net profit due to weak results from its handset unit Sony Ericsson and higher restructuring costs. The Stockholm-based company said net profit in the quarter was 1.7 billion kronor ($210 million) compared with 2.6 billion kronor in the same period a year ago.
Disk maker Seagate to shut Singapore factory with 2,000 workers affectedAugust 4th, 2009 Disk maker Seagate to shut Singapore factorySINGAPORE — Hard disk maker Seagate Technologies LLC. said Tuesday it plans to shut its Singapore factory by the end of next year to cut costs.
Sony Ericsson launches three smart phonesOctober 28th, 2009 NEW DELHI - Mobile phone maker Sony Ericsson Wednesday launched three new smartphones in the Indian market, priced between Rs.16,950 and Rs.35,950. The phones, "Satio", "Aino" and "Yari", will set the trend for the new age smart phones, said Anil Sethi, president of Sony Ericsson Mobile India.
Ericsson profits drop 56 pct in second quarter due to restructuring, joint venturesJuly 24th, 2009 Ericsson profits drop 56 pct in 2nd quarterSTOCKHOLM — Swedish wireless equipment maker LM Ericsson AB's second-quarter profits plunged 56 percent partly because of restructuring charges and losses in its mobile phone unit, Sony Ericsson, the company said Friday. The world's leading supplier of broadband networks said net profit in the April-June period was 831 million kronor ($111 million), down from 1.9 billion kronor in the same three months last year.
Motorola shows off company's first phone using Google's Android operating systemSeptember 10th, 2009 Motorola shows off its first Google Android phoneSAN FRANCISCO — Struggling handset maker Motorola has unveiled its first phone using Android. It is banking on Google's free operating system to power features and applications that will attract consumers looking to use their phones to connect with their friends, family and colleagues.
Canada okay for Nortel sale likleyAugust 20th, 2009 TORONTO - The Canadian government, which is reviewing the sale of Nortel's wireless business to Swedish telecom major Ericsson after protests by opposition parties and BlackBerry maker Research In Motion (RIM), is almost set to give the go-ahead to the deal. The 124-year-old Nortel, which has been operating under bankruptcy protection since January, is selling its business part by part to pay off its debtors.
Bhupathi-Knowles ousted from Sony Ericsson Open doublesMarch 29th, 2009 MIAMI - India's Mahesh Bhupathi and his Bahamian partner Mark Knowles have been ousted from the $4,500,000 Sony Ericsson Open. The third-seeded Indo-Bahamian pair went down fighting to Frenchmen Julien Benneteau and Jo-Wilfried Tsonga 6-3, 5-7, 6-10 in the first round here Saturday.
FedEx, Motorola, American Axle, Progressive, Covidien are among big market moversSeptember 11th, 2009 FedEx, Motorola, American Axle big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
FedEx Corp., up $4.66 at $77.32
The package delivery company raised its first-quarter earnings forecast on better-than-expected international shipments and cost cuts. Motorola Inc., up 71 cents at $8.68
The struggling phone maker unveiled its first device using Google's Android system, banking on it to attract consumers.
Ericsson CEO clueless about fate of Nortel dealAugust 22nd, 2009 TORONTO - Swedish telecom major Ericsson, whose acquisition of Nortel's wireless business here last month has been challenged by BlackBerry maker Research In Motion (RIM) and Canadian opposition parties, says it is still in the dark about the fate of the deal. Ericsson was the highest bidder at $1.13 billion at last month's court supervised auction of Nortel's wireless division.
Sania-Chuang in doubles semis at MiamiApril 2nd, 2009 MIAMI - India's Sania Mirza and Chinese Taipei's (Taiwan) Chia-Jung Chuang shocked eighth-seeded Spaniards Anabel Medina Garrigues and Virginia Ruano Pascual to storm into the semi-finals of the $4,500,000 Sony Ericsson Open tennis tournament. The Indo-Taiwanese pair beat the Spaniards 6-3, 7-6(4) here Wednesday.