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Stock Market & Financial Investment News

News Breaks
January 10, 2013
08:14 EDTNOKNokia sees Q1 non-IFRS Devices & Services operating margin down 2%
Nokia expects its non-IFRS Devices & Services operating margin in Q1 to be approximately negative 2%, plus or minus four percentage points. This outlook is based on Nokia’s expectations regarding a number of factors, including: competitive industry dynamics continuing to negatively affect the Smart Devices and Mobile Phones business units; the first quarter being a seasonally weak quarter; consumer demand, particularly for our Lumia and Asha smartphones; continued ramp up for our new Lumia smartphones; expected cost reductions under Devices & Services’ restructuring program; and the macroeconomic environment. Nokia expects Location & Commerce non-IFRS operating margin in Q1 to be negative due to lower recognized revenue from internal sales. Nokia and Nokia Siemens Networks expect Nokia Siemens Networks non-IFRS operating margin in Q1 to be approximately positive 3%, plus or minus four percentage points.
News For NOK From The Last 14 Days
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September 2, 2015
12:37 EDTNOKGerman carmakers win FTC approval to purchase Nokia's maps unit, Reuters says
BMW (BAMXY), Audi (AUDVF), and Daimler's (DDAIF) Mercedes-Benz have received U.S. antitrust approval from the FTC to purchase Nokia's (NOK) maps business for roughly EUR2.5B, Reuters reports. The deal was on the FTC's list of uncontroversial transactions that received approval from the FTC or DOJ, the report says. Reference Link
September 1, 2015
10:04 EDTNOKOn The Fly: Analyst Upgrade Summary
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09:09 EDTNOKNokia upgraded to Hold from Sell at Nordea
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07:55 EDTNOKSeveral telecom equipment stocks attractive after pullback, says Bernstein
Bernstein says that Ericsson (ERIC), Nokia (NOK), and Alcatel-Lucent (ALU) have fallen about 10% recently, even though all three have "limited exposure" to China, according to the firm. The firm adds that all three are defensive in relation to macro economic growth. It keeps Outperform ratings on all three names.
August 31, 2015
06:24 EDTNOKCCI charges Google with abusing market dominance, Economic Times reports
The Competition Commission of India is charging Google (GOOG) with abusing its dominant market position by rigging search results, a claim corroborated by Flipkart, Facebook (FB), Nokia's (NOK) maps division, MakeMy-Trip.com (MMYT), and several other companies, the Economic Times reports. The case marks the first globally where an antitrust body is formally raising such charges against Google, the report says. CCI might impose a fine of up to 10% of Google's income, the report says. Reference Link
August 28, 2015
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.

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