Swedish wireless equipment maker LM Ericsson today said it is suing Chinese rival ZTE for alleged infringement of several of its patents in handset and network technology.

Dublin: John Hennessy is retiring as MD of telecom service provider LM Ericsson, effective from November 30. In the role since 2003, he is bringing to an end a 37-year career with Ericsson.

Wall Street finished slightly lower today after investors sold shares when major stock indexes pushed through to new highs during the session.