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Ericsson earnings miss estimates, says 5G in Asia to weigh on profit

Bloomberg Ericsson AB posted earnings that missed analyst estimates for the first time in six quarters and warned its rollout of 5G mobile networks in Asia would weigh on profits, in a rare setback to CEO Borje Ekholm’s turnaround efforts. With Ericsson battling Finland’s Nokia Oyj and China’s Huawei Technologies Co for pole position in 5G, Ericsson said the first ...

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Siemens to resume $6.7b train deliveries to Deutsche Bahn

Bloomberg Siemens AG will resume deliveries on a 6 billion-euro ($6.7 billion) high-speed train order from its biggest customer, Deutsche Bahn AG, ending a three-month freeze that followed the discovery of an equipment fault, according to a person familiar with the matter. An announcement of the resumption in the handover of its flagship ICE 4 trains to the German rail ...

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US housing starts fall on ‘multifamily units’

Bloomberg US new-home construction fell in June for a second month as a drop in apartment building outweighed a pickup in single-family projects. Residential starts declined 0.9 percent to a 1.25 million annualised rate, the slowest in three months, according to government figures. Permits, a proxy for future construction, dropped 6.1 percent to a 1.22 million rate, also reflecting a ...

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