- Barrons.com•10 minutes ago
Shares of telecom giant Ericsson (ERIC) are up 28 cents, or almost 4%, at $7.64, in early trading after the company this morning announced at the start of European trading that its CEO of seven years, Hans Vestberg, will step down, and that its CFO, Jan Frykhammer, will take over on an interim basis. Ericsson’s ordinary shares rose 2.4% during the European trading session, to kr 64.95. In a note to clients this morning, J.P. Morgan’s Sandeep Deshpande, who has an Overweight rating on the stock, writes that Vestberg’s "achievement, now under-appreciated was engendering the transformation of Ericsson from a Networks to a Networks + Services company." But, “That strategy seems to have run its course,” observes Deshpande.
- TheStreet.com•19 minutes ago
Verizon strikes a $4.8 billion deal to acquire Yahoo!'s core operations, while Tesla and SolarCity are closer to a merger agreement.
Telefonaktiebolaget LM Ericsson (publ)NasdaqGS
Pre-Market: 7.640.28 (3.80%) as of 5:15 AM EDT
|Bid||7.49 x 5400|
|Ask||7.55 x 15400|
|52wk Range||6.96 - 10.85|
|Day's Range||7.30 - 7.37|
|Avg Vol (3m)||4,166,250|
As of 4:00 PM EDT. Market closed.