Ericsson

Ericsson (NASDAQ:ERIC) and SpeedCast International Ltd (ASX:SDA) have entered into a strategic agreement which leverages both organizations' global capabilities to create a strong partnership in the global maritime sector, enabling both companies to expand their offerings to the market.

Swedish mobile network equipment maker Telefon AB LM Ericsson (NASDAQ:ERIC) has bought Nortel's controlling stake in LG-Nortel, a joint venture between Nortel Networks and LG Electronics Inc. (SEO:066570). Nortel will sell its 50 per cent plus one share stake in LG-Nortel to Ericsson for US$242 million in Cash subject to certain purchase price adjustments.

Monday Wall Street rose as higher commodities prices boosted energy and mining companies. The US markets also received support from positive consumer spending in February. Asian markets closed mixed yesterday. Chinese stocks rallied as China said it plans to launch the long expected stock-index future in April 16. Shanghai Composite jumped 2.1 per cent to a two month high, while Hong Kong's Hang Seng Index climbed 0.9 per cent. South Korea's Kospi Composite was 0.3 per cent lower. Japan's Nikkei 225 lost 0.1 per cent.

Most Asian stocks tumbled massively yesterday as the Obama government suggested a bankruptcy for the struggling US car makers. Most major indices in Asia opened higher on Tuesday despite sharp loss on Wall Street, largely due to optimism of the local economy and corporate performance.

Ericsson Racing Team (STO:ERIC) STOCKHOLM, Sweden (Nov. 18, 2008) - Leg 2 of the Volvo Ocean Race has entered its fourth day and Ericsson Racing Team's two yachts are employing a strategy that sees them positioned in the south which may see them reaching the scoring gate as the top two.

Ericsson Racing Team (STO:ERIC) Great new helicopter footage of Ericsson 3 and Ericsson 4 at the Cape of Good Hope is now available at www.thenewsmarket.com/ericsson.

Ericsson Racing Team (STO:ERIC) CAPE TOWN, South Africa (Nov. 15, 2008) - Ericsson Racing Team's two yachts in the Volvo Ocean Race are the early pacesetters on Leg 2, a 4,450-nautical-mile jaunt to Cochin, India.

Ericsson Racing Team (STO:ERIC) CAPE TOWN, South Africa (Nov. 15, 2008) - Ericsson Racing Team's two yachts in the Volvo Ocean Race are the early pacesetters on Leg 2, a 4,450-nautical-mile jaunt to Cochin, India.

Ericsson Racing Team (STO:ERIC) CAPE TOWN, South Africa (Nov. 14, 2008) - Ericsson Racing Team media crewman Guy Salter (Titchfield, England) last night was presented the inaugural Inmarsat Media Prize at the awards ceremony for Leg 1 of the Volvo Ocean Race.

Ericsson Racing Team (STO:ERIC) CAPE TOWN, South Africa (Nov 10, 2008) - Ericsson Racing Team skipper Anders Lewander today announced crew changes to Ericsson 3 for Leg Two of the Volvo Ocean Race.