European Stocks Erase Gains; Stoxx 600 Index Is Little Changed

By Sarah Jones

Jan. 25 (Bloomberg) -- European stocks erased gains, as shares of Ericsson AB declined.

The Dow Jones Stoxx 600 Index was little changed at 250.04 at 11:57 a.m. in London, after earlier rising as much as 0.4 percent.

Ericsson slid 1.8 percent to 70.60 kronor. The company reported a 92 percent plunge in fourth-quarter net income to 314 million kronor ($43 million) as phone companies reduced spending on networks.