• Ericsson Reports 12% Rise in Second-Quarter Net Profit

    Driven by growth in emerging Asian markets and a continued strong performance from its Sony Ericsson mobile-phone joint venture, Swedish teleco handset maker Ericsson reported a 12 percent increase in profits for the second quarter. Despite this increase it is lower than analysts had expected, in part due to softer than expected numbers from Europe and continued delays with some large… Read More