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Stock Market & Financial Investment News

News Breaks
May 16, 2014
06:30 EDTNOKNokia, NSN upgraded to BB by S&P
Standard & Poor's Ratings Services has raised its long-term corporate credit rating on Finnish technology company Nokia Corp. and on its subsidiary Nokia Solutions and Networks B.V. to 'BB' from 'B+'. The outlook is positive. S&P also affirmed the 'B' short-term rating on Nokia. S&P says "The upgrade reflects our anticipation that the company will reduce gross debt by EUR2 billion by using part of the EUR5.6B proceeds from the sale of its cash-burning Device & Services division, and will keep comfortable cash balances even after Nokia's announced EUR3B of shareholder returns. Given the importance of NSN for the Nokia group following the sale of the cash-burning D&S, we will now equalize our rating on NSN with that on Nokia. The upgrade of NSN therefore reflects our view of NSN as a 'core' subsidiary of Nokia, based notably on its integrated and material role for Nokia and Nokia's full ownership. As per our group rating methodology, the ratings and outlook on NSN mirror the long-term corporate credit rating and outlook on Nokia."
News For NOK From The Last 14 Days
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October 24, 2014
07:50 EDTNOKNokia exec says social channels to be called Microsoft Lumia
Nokia's (NOK) senior vice president for phones at Microsoft (MSFT) Tuula Rytila said, "When we announced that the Nokia Devices & Services business would become part of Microsoft, we also shared that Lumia, our smartphone brand, would become part of the Microsoft (MSFT) family. Since then, we have naturally been making the change from Nokia to Microsoft in our websites, packaging and other consumer touch points. In the coming weeks and months, you’ll start seeing even more brand experience come to life across different channels as we transition from Nokia Lumia to Microsoft Lumia." The exec said that Microsoft will continue to sell its Nokia-branded entry-level category of phones. Reference Link
October 23, 2014
09:04 EDTNOKOn The Fly: Pre-market Movers
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06:47 EDTNOKMicrosoft aims to ditch Nokia title from Lumia devices, Reuters says
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06:05 EDTNOKApple defeats GPNE civil patent suit, Re/code reports
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05:19 EDTNOKNokia reports Q3 Non-IFRS EPS EUR 0.09 vs. EUR 0.06 last year
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October 22, 2014
06:39 EDTNOKMicrosoft Lumia to replace Nokia brand, The Verge reports
Microsoft plans to make Microsoft Lumia the new brand name that takes the place of Nokia for the software maker, reports The Verge. Nokia still exists as a separate company without its phones business, focusing on mapping and network infrastructure. Reference Link

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