- Arun Bansal appointed Senior Vice President and Head of Business Unit Radio
- Anders Lindblad appointed Senior Vice President and Head of Business Unit Cloud & IP
- Both appointments effective July 1, 2014
Unlike its 2011 patent deal with Nokia, Apple's latest settlement with the company makes no mention of royalties. That likely has a lot to do with its battle with Qualcomm.
Ericsson reported disappointing 1Q earnings Tuesday.
European stocks traded higher on Tuesday as investors regained some optimism for tax cuts and fiscal stimulus from President Donald Trump.
Ericsson said Tuesday that it will take a much larger-than-expected restructuring hit as it seeks to steady its finances and realign its business model under new CEO Borje Ekholm.