Response from CBS MarketWatch:
Dear David,
My name is Aimee Male, and I am the Headline Editor here at CBS MarketWatch. Thank you for your letter inquiring about Monday's headline on Ericsson.
07:33ÿ [ERICY] ERICSSON PLANS SHIFT OF HEADQUARTERS, ECONOMISTS WARY OF EFFECT ON KRONA.
The headline, sent by our New York office, was taken from a Dow Jones report discussing the possible repercussions on the Swedish Krone if the telecommunications company considered a move from its home base to London. The article was mainly speculative; there was no direct quote from Ericsson confirming or denying plans for a move. The report claims Ericsson did consider such a move in autumn of last year. A report from that review, according to the piece, is expected in October.
However, the headline was incorrect in the form it was sent. It should not have read "PLANS," which would indicate that concrete information on the move had been released and was available.
I'm sorry for the confusion, but hope this clarifies the issue.
I'm glad to hear you use our headline service -- I hope you will stick with our site for breaking news and insight. We are working hard at becoming a serious competitor in the world of financial news.
Thanks again,
Aimee Male
Headline Editor
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