Shares of Britain’s Vodafone Group, the world’s largest mobile phone company, and Sweden’s Ericsson, the largest maker of wireless networks, fell sharply early today after their earnings reports and forecasts reflected a slowdown in consumer spending. Vodafone reported slight growth, driven by business outside its core European market, and Ericsson posted a 70 percent drop in profit. “We see technology stocks starting to suffer from the economic slowdown,” said analyst Julien Quistrebert at Richelieu Finance in Paris. (Bloomberg)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- 43 TV shows to watch in 2014
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
- The real story behind Deliver Us From Evil
- Here comes the Pentagon's newest space plane
- 6 things the happiest families all have in common
- What is Molly? Everything you need to know about the party drug
- Extreme haunted houses: Inside Halloween's most terrifying new trend
- The U.S. is about to sell weapons to Vietnam. That's bad news for China.
- House hunting: 7 homes bordered by beautiful, preserved land
Subscribe to the Week