Sweden Business News

As Westpac customers continue to reel over the bank's decision to raise home loan rates more than the rest of the banking sector, Gail Kelly was talking up the importance of customer service and the bank's commitment to relationships and...

Saab, the sources said. (Editing by Carol Bishopric) More from Reuters

A consortium dominated by Swedish owners is ready to submit a cash bid for Ford Motor Co's Volvo car unit, the group's chief executive said on Monday. "We have told Ford that we are ready to submit a cash bid,...

37 IST London: The incoming chief executive of Ericsson said the company can outpace its rivals in spite of falling sales in the Western world and emerging markets, the Financial Times reported on Monday Hans Vestberg, who will take up...

16 p.m. General Motors Co. -- The company and its main Chinese partner announced a venture to sell vehicles in India, uniting in the two fastest-growing car markets in a deal that reflects GM's reduced status as a global automaker....

Cisco said in a statement that it controls approximately 89 percent of the outstanding shares of Tandberg and had decided to waive the condition that it control 90 percent. Cisco said it plans to complete the deal as soon as...

The two laureates were to equally share the prize worth 10 million kronor ($1.4 million).

General Motors (GM) has announced that its proposed sale of the Swedish car-maker Saab to Koenigsegg Group AB has been terminated by Koenigsegg. GM's President and CEO, Fritz Henderson, expressed his disappointment at the decision and said "Given the sudden...

Advisers to a small band of shareholders in Norwegian video conferencing company Tandberg ASA added their voices to calls for suitor Cisco Systems Inc to up its $3 billion bid, ahead of a Monday offer deadline. Cisco has made its...

General Motors Co. said Tuesday that it will wind down its Saab division if no suitable buyer has been found by the end of the year. "The GM board of directors has received expressions of interest in Saab since the...