Bloomberg Ericsson AB Chairman Leif Johansson agreed to step down next year after seven years in the job, completing an overhaul of top management at the embattled Swedish network company. The time is right for Johansson to leave since Chief Executive Officer Borje Ekholm took over in January, the chairman said in a statement on Wednesday. Activist investor Cevian Capital …

Bloomberg One of the world’s hottest housing markets is now cooling fast, sparking concern that a bubble is bursting after the rapid price increases over the past years. Average nationwide house prices fell seasonally adjusted 0.7 percent in June, declining for a second month, Real Estate Norway, Eiendomsverdi and Finn.no said on Wednesday in Oslo. Annual nationwide gains slowed to …

Bloomberg Worldpay Group Plc, UK payment-processing firm that listed in London 2 years ago, said it has received preliminary takeover approaches from Vantiv Inc. and JPMorgan Chase & Co. Worldpay shares surged as much as 26 percent and were up 21.6 percent at 12:10 p.m. in London to 389.4 pence, giving the former payment-processing division of Royal Bank of Scotland …