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Surprising onlookers, and what The Associated Press calls a move that caught the financial district off guard, BP plc (NYSE:BP) named Sony Ericsson's Carl-Henric Svanberg (pictured) as its chairman. BP has been looking for a new one for about two years now.Former Rio Tinto plc (NYSE:RTP) chairman Paul Skinner was...
Posted on June 25, 2009 12:58 PM
When JVs hurt (from Corporate Dealmaker)
Joint ventures are a great way to scale up business and enter new markets without the major regulatory hassle acquisitions face, but as with any investment, there are risks.Sweden's Ericsson AB (NASDAQ:ERIC), the world's No. 1 in mobile equipment making, got a taste of that when it reported quarterly earnings...
Posted on May 1, 2009 10:14 AM
Sony Ericsson Mobile Communications Ltd. recently reported a net loss of €187 million ($235 million) for the fourth quarter. And its president, Hideki Komiyama, thinks the recession could last a few more years. To right itself, the mobile-phone joint venture between Japan's Sony Corp. and Stockholm-based Ericsson AB, announced...
Posted on February 17, 2009 1:10 PM
A decision by Sony Ericsson Mobile Communications AB and Motorola Inc. to support a leading open-source mobile platform project has undermined a joint venture owned by the companies. UIQ Technology, which became jointly owned by Sony Ericsson and Motorola in October 2007, filed for bankruptcy in Sweden on Monday. The...
Posted on January 5, 2009 11:30 AM
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