Nicholson on Ericsson Records $1.2B Cost on Venture

Ericsson AB said it will record an expense of 8 billion kronor ($1.2 billion) for writing off the value of its wireless-chip alliance with STMicroelectronics NV as it considers options including shutting the venture down. Christopher Nicholson, director of Oraca Ltd, discusses the news on Bloomberg Television's "City Central."
1,000 Bank Branches Open for Greek Pensioners
03:01 - About 1,000 bank branches in Greece are expected to open today for pension withdrawals. Bloomberg’s Elliott Gotkine reports on “Countdown.” (Source: Bloomberg)
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