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Stock Market & Financial Investment News

News Breaks
February 24, 2014
06:21 EDTJNPR, NOKNokia looks to expand Juniper sales partnership, smaller deals, Bloomberg says
Nokia (NOK) is seeking to expand its sales partnership with Juniper Networks (JNPR), according to Bloomberg, citing comments to the head of the Finnish company’s network-equipment business, who down-played the possibility of a merger of the two companies. Reference Link
News For JNPR;NOK From The Last 14 Days
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August 28, 2015
07:17 EDTJNPRCoomunication tech stock drop likely a buying opportunity, says Wells Fargo
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06:19 EDTNOKNokia and China Huaxin sign MOU to create new venture
Nokia and China Huaxin Post & Telecommunication Economy Development Center have signed a memorandum of understanding confirming their intention to combine Nokia's telecommunications infrastructure businesses in China and Alcatel-Lucent Shanghai Bell into a new joint venture. As agreed under the MoU, Nokia expects to hold 50% plus one share in the new joint venture, with China Huaxin holding the remaining shares. Fair value compensation would be received for the contribution of relevant assets to the joint venture. The new joint venture is conditional on and would be formed after the closing of Nokia's planned combination with Alcatel-Lucent, at which point Nokia would own 50% plus one share of ASB. The new joint venture is expected to be a strong national asset based in China capable of delivering value for both parties.Nokia China and ASB are leaders in the Chinese telecommunications infrastructure market and both are long-standing contributors to the development of China and innovation in the country. The new joint venture would have one board of directors, one management team, unified customer and business functions, and one integrated product portfolio and R&D platform. Until the closing of the proposed combination between Nokia and Alcatel-Lucent, Nokia China and ASB will continue to operate as two independent companies.
August 21, 2015
12:18 EDTNOKMicrosoft to cut up to 2,300 jobs in Finland, Reuters reports
Microsoft (MSFT) will cut up to 2,300 jobs in Finland and close Nokia's (NOK) former handset product development unit in Salo, Reuters reports. The cuts are part of Microsoft's plans to cut 7,800 jobs globally. Microsoft will keep open sites in Espoo and Tampere. Reference Link
12:13 EDTJNPRBrocade soars after Q3 results top estimates
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August 20, 2015
05:46 EDTNOKNokia Networks expand use of WANdisco big data technology
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August 18, 2015
09:04 EDTJNPRJuniper selected by Joe Gibbs Racing to speed data center network transformation
Juniper Networks announced that four-car NASCAR team Joe Gibbs Racing selected its next-generation switching and security solutions to rev up the team's aging network infrastructure for better performance on and off the track.

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