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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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September 19, 2014
07:23 EDTNOKFCC to hold a roundtable
Open Internet Roundtable: Technological Aspects will consider the technical aspects of ensuring an Open Internet, including questions of scope, transparency, blocking, mobile networks, and reasonable network management and is being held at FCC Washington, D.C. offices on September 19 at 1:30 pm. Webcast Link
September 15, 2014
09:59 EDTNOKOn The Fly: Analyst Upgrade Summary
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07:45 EDTNOKNokia upgraded at Oppenheimer
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07:07 EDTNOKNokia upgraded to Outperform from Perform at Oppenheimer
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September 10, 2014
13:15 EDTNOKMicrosoft to replace Nokia, Windows Phone brands, GeekOnGadgets.com says
Microsoft plans to stop using the "Nokia" and Windows Phone brands from their devices this holiday season, reports GeekOnGadgets.com. Citing a confidential internal Microsoft document, the branding will be replaced by the standard Windows logo alongside the phones. Reference Link
07:33 EDTNOKW.P. Carey completes sale-leaseback with Nokia in Poland for $13M
W. P. Carey's (WPC) managed non-traded REIT CPA:17 Global has completed a sale-leaseback with Nokia Solutions and Networks, a subsidiary of Nokia (NOK). The office/R&D facility is located in Krakow, Poland and was acquired for approximately $13M.
September 9, 2014
07:17 EDTNOKThe Wireless Association to hold a conference
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