Ericsson to Record $1.2B Cost for Wireless Venture

Ericsson AB, the world’s largest maker of mobile-phone networks, said it will record an expense of about 8 billion kronor ($1.2 billion) for writing down the value of its wireless-chip venture with STMicroelectronics NV.

EFG Hermes' Hajj Sees Break in Dollar, Oil Relationship
59:17 - EFG Hermes MENA Equity Strategist Mohamad Al Hajj discusses his outlook for emerging markets and weighs in on President Trump's Middle East policy. He speaks on "Bloomberg Markets: Middle East." (Source: Bloomberg)
  • Why Middle East Airlines May See Tough Times Ahead
  • Full Show: Bloomberg Markets Middle East (04/30)
  • Full Show: Bloomberg Markets Middle East (04/27)