Ericsson, the telecommunications equipment giant, is planning to cut 8,500 employees as part of a major cost reduction effort, the company confirmed to Forbes Friday morning, making it the latest majo...
Tag: Ericsson
Marcus Ericsson Unveils 2023 Indianapolis 500 Ticket At Indy Fuel Hockey Game
Marcus Ericsson on the the ticket for the 107th Indianapolis 500 in 2023. Indianapolis Motor Speedway Image It was Indianapolis 500 Night at the Indiana Farmers Coliseum at the Indiana State Fairgroun...
With His “Baby Borg” Indianapolis 500 Winner Marcus Ericsson Joins The BorgWarner Family
Marcus Ericsson and his Baby Borg Trophy alongside the permanent Borg-Warner Trophy as he celebrates … [+] his latest honor for winning the 106th Indianapolis 500. Bruce Martin Photo Marcus Eric...
Nokia Earnings Top Expectations. India is Powering Its 5G Growth.
Nokia stock climbed on Thursday after the Finnish telecommunications company beat analysts’ expectations for its fourth-quarter earnings and sales, as 5G installation in countries such as India underp...
Ericsson warns on near-term outlook as profit disappoints
STOCKHOLM–Ericsson AB on Friday posted lower-than-expected fourth-quarter net profit and cautioned that the near-term outlook is uncertain, with operators holding off placing new orders as they rebala...
Indianapolis 500 Winner Marcus Ericsson Meets Himself During Borg-Warner Trophy Sculpting Session
Marcus Ericsson and his clay head during Borg-Warner Trophy sculpting session in Tryon, North … [+] Carolina. Bruce Martin Photo It didn’t take long for Marcus Ericsson to realize that winning t...
Nokia, Ericsson, Other Western Tech Companies to Complete Exit from Russia by End of 2022
The exit of Nokia, Ericsson, and Logitech from Russia will result in problems for MTS, Tele2, and Beeline operators that developed their networks using the equipment of these companies. Following the...
JPMorgan, Taiwan Semiconductor, Ericsson and more
Check out the companies making headlines before the bell: JPMorgan Chase (JPM) – JPMorgan Chase was down 2.9% in premarket trading after falling 12 cents shy of estimates with a quarterly profit of $2...
Ericsson shares skid after missing profit expectations
Ericsson ERIC.B, -7.53% ERIC, +2.04% shares fell as much as 12% in Stockholm trade as the Swedish telecommunications equipment maker reported weaker-than-forecast earnings. Ericsson’s bottom lin...
Buffett Gave HP Stock a Boost. Why It’s Still a Buy.
Text size Shares of HP jumped 15% this past week after Warren Buffett’s Berkshire Hathaway disclosed a large stake. Why the stock still looks cheap. Andrew Harrer/Bloomberg When Bill Hewlett and Dave ...