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Carl Mellander, CFO of Swedish telecom giant Ericsson to step down in early 2024

Carl Mellander, who has worked for Ericsson for more than 25 years and has been a member of its executive team for almost seven, is moving on, according to a statement. The Swedish maker of mobile networks said it will begin recruiting a replacement. ....

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Ericsson probed by US SEC over corruption scandal in Iraq

Ericsson’s governance woes continued to pile up after the US Securities and Exchange Commission started a probe into the company’s handling of a corruption scandal in Iraq. ....

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Norway Wealth Fund Votes for Special Audit of Credit Suisse

(Bloomberg) Norway’s wealth fund this weekend voted in favor of a special audit of Credit Suisse Group AG management as pressure mounts on the troubled lender. ....

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Ericsson Faces Swedish Probe Into Suspected Bribery in Iraq, TT Reports

(Bloomberg) Ericsson AB is facing a preliminary investigation by the Swedish Prosecution Authority into suspected bribery in Iraq, the Swedish TT news agency reported on Wednesday. ....

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Tesla, Amazon stock splits trigger retail stampede

Tesla surged 8% Monday, adding about $84 billion in value, after saying it’s planning a second stock split in less than two years. ....

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