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Stock Market & Financial Investment News

News Breaks
February 25, 2013
13:39 EDTNOKNokia new low end phones a brilliant move, says Wedge Partners
After Nokia announced a new line of low-end handsets and new lower-end Lumia smartphones, Wedge Partners believes that the launch of the new devices is "brilliant." The firm expects the stock to rise as a result of increased volumes this year and it says it is "back on board" with Nokia.
News For NOK From The Last 14 Days
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July 29, 2015
12:40 EDTNOKNokia announces VR camera for professional content creators
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July 26, 2015
19:22 EDTNOKBaidu CEO 'still interested' in Nokia map unit, Re/code says
In a Re/code interview published Friday afternoon, Baidu (BIDU) CEO Robin Li remarked that the company is "still interested" in Nokia's (NOK) HERE mapping unit. When asked about potential partners, Li commented, "I cannot say too much about it because itís not a done deal." Note that earlier media reports have suggested Nokia is or was leaning towards selling HERE to a group of German luxury car makers including Daimler (DDAIF), BMW (BAMXY), and Volkswagen's (VLKAY) Audi (AUDVF). Reference Link
July 24, 2015
13:29 EDTNOKAlcatel CEO says Nokia deal may close sooner than expected, Re/code reports
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06:08 EDTNOKNokia receives European Commission approval for Alcatel-Lucent acquisition
Nokia (NOK) announced that it has received approval from the European Commission for its pending acquisition of Alcatel-Lucent (ALU). The proposed transaction was notified to the European Commission on June 19, 2015 and was cleared today without conditions following a Phase 1 review. Approval by the European Commission follows previously disclosed antitrust clearances in Brazil and Serbia and the expiration of the antitrust review period in the United States. In addition, the parties confirmed today they have received further antitrust clearances from Albania, Canada, Colombia and Russia. Both companies will continue to cooperate with the remaining authorities to close their reviews as quickly as possible. The transaction remains subject to approval by Nokia shareholders, Nokia holding over 50.00% 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.
July 21, 2015
13:40 EDTNOKNokia to unveil virtual reality project next week, Re/code reports
Nokia plans to unveil its first major virtual reality project next week at a special event in Los Angeles, California, Re/code reports, citing sources familiar with the company's plans. Reference Link
06:42 EDTNOKNokia close to selling HERE to German auto makers, Bloomberg reports
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July 20, 2015
12:16 EDTNOKHERE offering free HD map data for automated vehicle tests
HERE, a Nokia (NOK) company, announced it is making high-definition mapping data of sections of public roads in four countries available to all automotive companies to support their highly automated vehicle initiatives. HERE is offering HD mapping data of specific stretches of open road in Silicon Valley and Michigan in the United States, as well as in France and Germany, to all carmakers and automotive suppliers for test purposes. HERE plans to offer data for Japan too later this year. HERE is currently working with more than 10 "leading automotive companies" on automated driving projects, the company said. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).

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