Telefonaktiebolaget LM Ericsson (ERIC.OQ)
* SIGNS FRAMEWORK AGREEMENTS WITH NOKIA, HUWAWEI AND ERICSSON TO MODERNIZE ITS MOBILE NETWORK
Network equipment makers Nokia and Ericsson on Tuesday urged a federal appeals court not to reverse a recent decision out of the Eastern District of Texas that allows more patent infringement cases to be heard in the plaintiff-friendly jurisdiction.
(The following statement was released by the rating agency) MOSCOW/LONDON, July 21 (Fitch) Fitch Ratings has downgraded Telefonaktiebolaget LM Ericsson's Long-Term Issuer Default Rating (IDR) and senior unsecured rating to 'BBB-' from 'BBB'. The Outlook on the IDR is Negative. The downgrade and the Negative Outlook reflect Ericsson's warning on a weaker equipment market in 2017, implying heavier pressure on revenue and operating profit. We believe the market outlook is likely to remain challengi
LONDON European shares fell on Tuesday following disappointing results from bluechips Ericsson and Lufthansa, while scaled-back expectations of monetary tightening by major central banks spurred some profit-taking in financials.
LONDON, July 18 European shares fell on Tuesday after disappointing Ericsson and Lufthansa earnings, while scaled-back expectations of monetary tightening by major central banks dented financial stocks.
STOCKHOLM Sweden's Ericsson reported a worse than expected second-quarter loss on Tuesday and lowered its forecast for the mobile infrastructure market, blaming persistent low investment by telecoms companies. | Video
STOCKHOLM, July 18 Sweden's Ericsson reported a worse than expected second-quarter loss on Tuesday and lowered its forecast for the mobile infrastructure market, blaming persistent low investment by telecoms companies.
* Slower sales growth sends Zalando down 7 pct (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)
July 18 Ericsson CEO Borje Ekholm tells tele conference:
LONDON, July 18 European shares fell on Tuesday on the back of a disappointing set of results from bluechips including Ericsson and Lufthansa, while scaled-back expectations of rate hikes at central banks spurred some profit-taking in financials.
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