Morning News 17 March 2010

8/14/2019 Morning News 17 March 2010

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MORNING NEWS

17 March 2010

+ SAS (SAS.ST) - SAS to pay damages to Norwegian

+ SANDVIK - Lars Westerberg is suggested board member of Sandvik

+ SCANIA (SCVb.ST)

Scania returns to five-day work week+ ASTRAZENECA (AZN.ST) 700 loses their jobs in Lund

+ D. CARNEGIE & CO. - Three charged for stock option cheating

Wednesday, March 17, 2010PREVIOUS TRADE DAYTurnover: 13.323 billion

TODAY:

STOCKHOLM STOCK EXCHANGE: 14.30 Coastal Contacts

INTERNATIONAL: Inditex

EX. DIVIDEND:

Formpipe (SEK 0.50 ), Kemira (EUR 0.27 )

SHAREHOLDER MEETINGS:

Cision (extra), Dannemora Mineral (extra), Vestas Wind Systems

MACRO ECONOMIC AGENDA:

09.30 Statistics Sweden, real estate prices, February

10.30 UK, unemployment rate, February (7.8%)

11.00 EMU, labor cost index , Q4

11.00 EMU, construction production, January13.30 USA, PPI, February (-0.2%) excluding Food and Energy (0.1%)

15.30 USA, Oil inventories USA, weekly statistics

MISCELLANEOUS:

9.30-10.30 NCC is holding a information meeting om new acounting rules

11.10 Swedish National Debt Office, resultat vxelemission

12.00-13.30 SCA, lunch presentation with SFF with CEO Jan Johansson

SAS (SAS.ST) - SAS to pay damages to NorwegianThe Scandinavian airline SAS will pay SEK 211m in damages andlegal costs to low price airline Norwegian. The damages concernlosses Norwegian claims to have got when SAS Braathens used

information from a booking system. (Dagens industri, 17 March)

SANDVIK (SAND.ST) - Lars Westerberg is suggested board memberof SandvikLars Westerberg is one of Sweden's most influential people. LarsWesterberg are already a board member in Volvo, steel companySSAB and is president of Husqvarna, Autoliv and the national powercompany Vattenfall. If he is elected board member of Sandvik hewill probably become the most influential board professional in theSwedish business community. (Dagen industri, 17 March)

SCANIA (SCVb.ST)Scania returns to five-day work weekScania will return to a five-day work week for many of theemployees in April. With a high demand in Brazil listed as a keyreason. However, the final assembly plant in Sdertlje and cabassembly at Oskarshamn, which employs 2,000 employees willcontinue to have a shorter work week. Scania has applied the four-day work week since the summer of 2009 and has reduced thenumber of employees by 3000, of which 2000 are substitutes.(Dagens industri, 17 March)

13.15-17.45 Remium holding oil with Alliance Oil, PA Resources, Vostok Naftaoch Tethys Oil among others

10.00 Iceland, centralbank inrest rate announcment

10.30 BOE, minutes from monetary policy meeting 3-4 March

16.20 Swedish National Debt Office, villkor obligationsemission

BOJ, rntebesked

Oil, Opec meeting in Vienna

Cision, last day of trade including subscription right in share issue


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MORNING NEWS

17 March 2010

NEW YORK CLOSINGStock Diff local

currency

US closing USD Local close US. volumes

ABB 0,0 21,4 151,0 1 731 378

AstraZeneca 0,1 44,4 313,8 1 286 322

Autoliv 0,6 48,0 339,0 849 463

Ericsson B 0,5 11,3 79,5 5 817 421

Millicom -2,5 88,3 627,0 425 478

Norsk Hydro -0,3 23,2 41,6 47 947

Nokia 0,1 15,1 107,0 21 456 307

Novo Nordisk -0,2 77,6 419,0 214 255

Pfizer -0,2 17,3 122,3 53 166 129

Royal Caribbean 0,5 31,1 180,7 2 306 115

Statoil 0,4 23,2 134,7 1 288 691

Frontline 1,3 31,2 180,4 764 715

UPM -0,1 12,4 9,0 12 203

Volvo -0,1 9,9 70,2 7 159

Acergy -0,1 18,7 109,2 192 379

CURRENCY /

OILPRICE CHANGE %

EUR/SEK 9,75 -0,07

USD/SEK 7,07 -0,35

EUR/USD 1,38 -0,41

USD/NOK 5,82 0,32

USD/DKK 5,40 0,39

WTI 1 month 82,1 0,47

INDEX PRICE CHANGE %

OMXS30 1 020 0,65

HEX 7 238 1,07

KFX 377 1,62

Hovedindeks 417 1,21

DAX 5 971 1,14

Dow Jones 10 686 0,41

Nasdaq 2 378 0,67

Nikkei 225 10 776 0,51

Hang Seng 2 966 -0,22

S&P SECTOR

INDEXPRICE CHANGE %

Financial 211,43 1,27

Industrial 267,68 1,18

Pharmaceutical 371,60 0,22

Technology 373,22 0,71

Operators 106,65 0,20

Paper 120,10 1,84

Amex Oil 1 079,31 1,19

Oil Services 213,74 1,69

ASTRAZENECA (AZN.ST)700 loses their jobs in LundAstraZeneca is letting 200 researchers move from Lund in Mlndal.

Thus it is clear that 700 employees in Lund lose their jobs sources toDagens Industri claims two weeks after the shocking announcementon the closure in Lund. "There are substantial synergies bycombining research in respiratory and inflammation from Lund withour operations in Mlndal," says Gunnar Olson, global researchdirector of AstraZeneca. Companies in the nearby town of Ideonwant to take over part of AstraZeneca's operations in Lund. "We areinterested in taking on interesting projects," says Svein Mathisen,CEO of Biovent. (Dagens industri, 17 March)

D. CARNEGIE & CO. - Three charged for stock option cheating

A handful of stock option transactions for approximately SEK 4m fora few months instead of the many transactions of SEK 630m overtwo years. It's what three former Carnegie traders are prosecuted forin the affair which was the origin of Carnegie's fall. Yesterdayeconomic crime prosecutor Yngve Rydberg handed in the lawsuitagainst three former traders at Carnegie. "We chose some year-endand some month-ends. Otherwise we would have had to sit in courtfor 30-40 days. Our financial experts believe that these transactionsare sticking out, "he says. (Industry Day, 17 March)


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MORNING NEWS

17 March 2010

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Morning News 17 March 2010