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Stock Market & Financial Investment News

News Breaks
March 7, 2012
07:52 EDTERIC, SI, NOKEricsson, Nokia Siemens making more job cuts, Rethink Wireless says
Ericsson (ERIC) plans to cut about 10% of its 14,000 employee workforce in North America as carriers slow their spending and Nokia Siemens Network (NOK, SI) will eliminate about 3,500 jobs in Brazil following the end of an outsourcing contract, according to Rethink Wireless. Reference Link
News For ERIC;NOK;SI From The Last 14 Days
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June 30, 2015
05:38 EDTERICEricsson announces LTE expansion contract with Chunghwa Telecom
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June 28, 2015
18:08 EDTNOKElliott takes roughly 1.3% stake in Alcatel-Lucent, FT says
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June 26, 2015
16:17 EDTNOKInterDigital: ITC to review RID involving Nokia and Microsoft
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05:51 EDTNOKFoxconn expects to be largest handset, tablet ODM/OEM in 2015, DigiTimes says
Foxconn Chairman Terry Guo said the company is set to be the largest OEM/ODM for handsets, tablets and desktops in 2015, reports DigiTimes. Guo added that Foxconn will establish component supply chains to increase its advantage over competitors. Reference Link
June 25, 2015
06:31 EDTNOKMicrosoft focusing on increasing smartphone sales in India, WSJ reports
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June 24, 2015
10:38 EDTERICEricsson announces deal with SaskTek to provide M2M connectivity
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05:31 EDTERICEricsson provides update on cost and efficiency program
The global cost and efficiency program, announced at Ericsson's Capital Markets Day on November 13, 2014, is progressing according to plan. The ambition is to achieve savings of approximately SEK 9B., with full effect during 2017. As part of the global program, on March 11, 2015, Ericsson announced that 2,200 positions in Sweden, mainly in R&D and Supply, were subject to notice. As the next step of this activity, individuals on different locations in Sweden have been given notice during June. In total, there will be a reduction of approximately 2,100 positions, with some 1,700 employees leaving the company.For Q2, restructuring costs of approximately SEK 2.5B are expected. These estimated costs include normal ongoing restructuring as well as charges related to the cost and efficiency program, this quarter primarily driven by changes in Sweden. Savings related to this specific activity will start to impact results towards the end of 2015.
June 22, 2015
11:04 EDTNOKNokia says HERE expanding real-time traffic service to 50 countries
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07:17 EDTNOKRegulators to decide by July 27 on Nokia, Alcatel-Lucent deal, Reuters reports
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June 18, 2015
19:08 EDTNOKNokia CEO confirms plan to launch new smartphone line, BGR says
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June 17, 2015
18:39 EDTNOKNokia looks to German carmakers as it seeks $4B for map unit, Bloomberg says
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11:03 EDTNOKNokia, Alcatel-Lucent say DOJ permits companies to proceed with combination
Nokia (NOK) and Alcatel-Lucent (ALU) announced that the U.S. Department of Justice has granted early termination of the U.S. antitrust waiting period for the combination of Nokia and Alcatel-Lucent, permitting the transaction to proceed. The parties said they continue to make good progress with the regulatory approval processes in the remaining relevant jurisdictions, with the parties having already obtained antitrust clearances in Brazil and Serbia. The transaction remains subject to approval by Nokia shareholders, Nokia holding over 50% of the share capital of Alcatel-Lucent on a fully diluted basis upon completion of the public exchange offer, receipt of other regulatory approvals and other customary conditions. The transaction is expected to close in the first half of 2016.
05:37 EDTERICEricsson selected by Smile Communications for 4G/LTE managed services
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June 16, 2015
13:48 EDTNOKNokia CEO says may decide not to sell HERE maps unit, Bloomberg says
Says the strategic analysis of HERE unit is still going on and no decision has been made, added Bloomberg.
05:51 EDTNOKNokia, LG Electronics agree on smartphone patent license
LG Electronics has agreed to take a royalty-bearing smartphone patent license from Nokia Technologies (NOK). The Korean company is the latest of more than 60 licensees for Nokia's 2G, 3G and 4G mobile communication technologies and the first major smartphone manufacturer to join the licensing program since Nokia divested its Devices & Services business to Microsoft (MSFT) in 2014. The detailed royalty payment obligations will be subject to commercial arbitration, expected to conclude within a 1-2 year timeframe. Other terms of the agreement remain confidential between the two companies.

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