The court-appointed administrator of GM's Saab said on Monday the carmaker was seeking to write off about three quarters of its non-prioritized debt to help it reach a positive cash flow in 2011.
On Wednesday, internet traffic in Sweden dipped by around 40% percent as the country's new anti-file sharing measures came into force.
Denmark boasts the world's most networked economy, putting it and its Nordic neighbors in a good position to rebound from the current global downturn, the World Economic Forum said on Thursday.
Sony Ericsson's struggling handset company is undergoing an executive shake up in its U.S. branch.
European Union member states hit by the global economic crisis urged the bloc Thursday not to promise the developing world more money to combat climate change than they can afford.
The Internet could provide an early warning system for environmental damage, imitating an online watchdog that gives alerts about outbreaks of disease, scientists said on Thursday.
Saab Automobile, the Swedish unit of U.S. carmaker General Motors, announced 750 job cuts as it tries to stay afloat and said on Thursday investors in both Sweden and China were eyeing the company.
Nokia unveiled three new music phones on Wednesday and laid out further expansion plans for its music service as the world's top cell phone maker seeks additional revenue streams.
The U.S. dollar slipped and world stocks rallied in their biggest single-day gain in three months on Tuesday after a Citigroup memo saying the troubled bank made a profit in January and February fuelled the appetite for risk.
The Danish government is open to all options concerning its 14.3 percent stake in Scandinavian airline SAS including a sale or a merger, Finance Minister Lars Rasmussen told a parliamentary committee.
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thing can make a traveler feel more clueless than mispronouncing the name of a local destination, but it's easily done.
Microsoft announced at the CeBIT trade show in Hanover on Monday that it's rolling out its Surface computer to 12 new markets in Europe, the Middle East and Africa.
America's largest automaker has been left dependent on the kindness of strangers -- its fate in the hands of bureaucrats as much as car buyers.
Two thirds of the world's cell phone subscriptions are in developing nations, with the highest growth rate in Africa where a quarter of the population now has a mobile, a United Nations agency said on Friday.
Just as Wall Street was coming to grips with the notion that bank nationalization might be inevitable, U.S. officials have come out strongly against an idea that strikes at the heart of America's capitalist model.
Ford Motor Co reached a tentative deal with the United Auto Workers that would slash cash payments for its retiree health care, while European governments ruled out rescue plans for General Motors Corp's struggling Opel and Saab units.
The U.S. Treasury also named Steven Rattner, co-founder of private equity firm Quadrangle Group, as an adviser on the restructuring of th...
Germany and Sweden ruled out underwriting rescue plans for Opel and Saab while Canada's Industry Minister warned on Monday that the crisis-hit North American car industry was at the precipice of nonexistence.
Underlining the severity of the crisis battering the car industry, with sales plunging as the credit crunch hits consumer confidence, assembly lines at some Volkswagen p...
is one of Sweden's best-known brands.
However, it said it needed a rapid restructuring in order to address the level of near-term losses and new funding from either private or public sources to launch more competitive models, and that it had to find a new partner.
Surrounded by new and vintage Saabs in the company's museum showcasing its six decades of car making, Chief Executive Jan-Ake Jons...
General Motors' loss-making carmaker Saab Automobile on Friday sought legal protection from creditors to allow it to restructure and seek new funding for continued production.
Faced with mountainous debts, parent GM is itself restructuring, and in a plan submitted to the U.S. Treasury this week it said Saab would become an independent business as of January 1, 2010.
Saab made a loss of about 3 ...
The board of General Motors' Saab met on Thursday, a union representative said, amid reports the Swedish carmaker was set to file for protection from creditors.
Earlier on Thursday, Swedish public service radio reported, without disclosing its sources, that Saab's board had called an extraordinary meeting to decide on a reorganization of the carmaker.
A reorganization filing, whic...
denied the charges.
The group that controls The Pirate Bay, launched in 2003, says that since no copyrighted material is stored on its servers and no exchange of files actually takes place there, they cannot be held responsible for what material is being exchanged.
The prosecution says that by financing, programing and administering the site, the four men promoted the infringement of property r...