Ericsson Q4 profits, sales surge on growth in China

Ericsson CEO Hans Vestberg speaks as he presents the Swedish telecommunication company's sales report during a press conference in Stockholm, Wednesday, Jan. 27, 2016. (Soren Andersson/TT News Agency via AP) SWEDEN OUTHELSINKI (AP) — Wireless equipment maker Ericsson said Wednesday that an improvement in business in China despite the market turmoil there helped its fourth-quarter profit jump nearly 70 percent.

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