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Stock Market & Financial Investment News

News Breaks
July 31, 2014
06:51 EDTPCRFY, NOKNokia to acquire parts of Panasonic wireless network business
Nokia Networks (NOK) announced that it has entered into a memorandum of understanding to acquire part of the wireless networks business of Panasonic System Networks (PCRFY). The agreement covers Panasonic's mobile phone wireless base station system business for mobile operators and related wireless equipment system business. The two parties plan to conclude the agreement by the end of September, with expected closure scheduled on January 1, 2015. Under the terms of the agreement, fixed assets and business contracts with Panasonic's customers are being transferred to Nokia Networks in Japan, including Panasonic employees involved in the business.
News For NOK;PCRFY From The Last 14 Days
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November 20, 2014
07:47 EDTPCRFYSupply chains see FY15 TV shipments up 10%, DigiTimes says
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November 18, 2014
10:55 EDTNOKNokia shares higher after announcing N1 Android tablet
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06:46 EDTNOKMicrosoft could spin off Nokia MixRadio, TechCrunch reports
According to sources, Microsoft (MSFT) is considering spinning off Nokia MixRadio, the music streaming service it acquired as part of its takeover of Nokia's (NOK) Devices and Services unit, TechCrunch reports. Microsoft is reportedly seeking investors for Nokia MIxRadio, and the potential spin-off is said to be making "good progress." Reference Link
06:28 EDTNOKNokia to launch Android tablet, FT reports
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November 17, 2014
10:02 EDTNOKOn The Fly: Analyst Downgrade Summary
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08:25 EDTNOKNokia potential to grow businesses increases confidence, says Canaccord
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05:46 EDTNOKNokia downgraded to Underperform from Market Perform at Raymond James
Raymond James downgraded Nokia to Underperform citing high expectations for Technology unit and Networks sales growth. The firm thinks shares at current levels are pricing in a doubling of Technology unit sales.
November 14, 2014
06:23 EDTNOKNokia to host Capital Markets Day
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November 11, 2014
05:32 EDTNOKHERE map services signs OEM agreement with SAP HANA
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November 10, 2014
06:30 EDTPCRFYGlobal LED lighting market ste to rach $25.7B in 2014, DigiTimes says
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06:22 EDTPCRFYPansonic considering M&A in Europe's home appliance market, Reuters reports
Panasonic CEO Kazuhiro Tsuga says the company is considering M&A deals in Europe's home appliance market, Reuters reports. The company is currently a minority shareholder in Slovenian appliance maker Gorenje, and Tsuga says Panasonic could "deepen" this alliance or pursue other deals. Tsuga says the company is not planning to buy big companies worth $10B or more, but says companies worth hundreds of millions of dollars would be "reasonable" targets. Reference Link

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