Category: World & Business | Posted by soccerman 306 days ago

Ericsson stock fell 8.6 percent to 84 crowns by 0857 GMT
after its second-quarter earnings, heading for the biggest
one-day fall since November 2008.  STOCKHOLM, July 21 (Reuters) - Investors ditched shares in mobile phone network supplier Ericsson (ERICb.ST) on Thursday after it missed earnings forecasts due to a hefty job cut charge and forecast less profitable business in the pipeline in Europe.



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