(PTI): Ericsson AB says its first-quarter net profit has fallen 35% due to restructuring charges and continued losses from its handset unit Sony Ericsson.
The Stockholm-based company reported Thursday a net profit of 1.7 billion kronor ($210 million) compared with 2.6 billion kronor in the same period in 2008. The wireless equipment maker said its sales [...]
Ericsson profit down by 35%
Published in April 30th, 2009
Posted by The Business Time in Business
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UAE torture prince threatens US nuke deal
Published in April 30th, 2009
Posted by The Business Time in World
(PTI): Washington is having second thoughts about a nuclear deal with the UAE after a torture videotape involving an Abu Dhabi prince sent shock waves around the world.
The world reacted in shock to footage that showed Sheikh Issa Bin Zayed Al Nahyan, son of the late UAE president and brother of the Abu Dhabi crown [...]
Israel trying to win back US support against Iran and Palestine
Published in April 30th, 2009
Posted by The Business Time in World
(PTI): Israel may have to make unfavorable concessions in an attempt to win back the United State’s support for its stance on Iran and Palestine.
Israeli President Shimon Peres and Prime Minister Benjamin Netanyahu are due to visit US President Barack Obama in Washington to announce their willingness to accept a peace plan
AlQaeda can still make 9/11-like attacks
Published in April 30th, 2009
Posted by The Business Time in World
(PTI): The US president says he would do his utmost to forestall formation of South Asian militant sanctuaries that could lead to 9/11-like attacks.
“As commander in chief, it is my job to make sure that (Osama) bin Laden and his cronies are not able to create a safe haven within which they can kill another [...]
Turkey won’t take Israel’s concerns serious
Published in April 30th, 2009
Posted by The Business Time in World
(PTI): Turkey says Israel’s possible reaction to a joint military exercise between the country and Syria will not influence its decision to hold the drill.
Turkish military chief, General Ilker Basbug, told reporters on Wednesday that Ankara will not seek other countries’ contest to go on with the plan and that he was not concerned about [...]
Swine flu hits 11 US states
Published in April 30th, 2009
Posted by The Business Time in World
(PTI): Amid the rise in global health alerts, American authorities warn that the swine flu outbreak has hit 11 US states and closed schools in eight.
Following WHO’s alert that declared a Phase 5 outbreak, US officials have announced that swine flu has sickened nearly 100 in 11 states.
Eight states closed 100 schools on Wednesday and [...]
