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."
Square Rival iZettle Raises $67M From Intel and Zouk
24:06 - Today’s "BWest Byte" is $67 million, for how much iZettle, a Swedish payments startup and rival to Jack Dorsey's Square, has raised from Intel and Zouk. Bloomberg's Matt Miller reports on "Bloomberg West." (Source: Bloomberg)
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