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Stock Market & Financial Investment News

News Breaks
November 24, 2012
09:41 EDTNOK, RIMMRIM, Nokia rally can continue over next few months, Barron's says
Shares of Research in Motion (RIMM) and Nokia (NOK) can continue to move higher over the next few months as investors speculate about their new products, Barron's says in its Technology Trader column. However, both companies are unlikely to compete successfully over the longer term, and reality could set in next spring when Q1 sales are reported, the paper cautions. Reference Link
News For RIMM;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.
August 21, 2015
12:18 EDTNOKMicrosoft to cut up to 2,300 jobs in Finland, Reuters reports
Microsoft (MSFT) will cut up to 2,300 jobs in Finland and close Nokia's (NOK) former handset product development unit in Salo, Reuters reports. The cuts are part of Microsoft's plans to cut 7,800 jobs globally. Microsoft will keep open sites in Espoo and Tampere. Reference Link
August 20, 2015
05:46 EDTNOKNokia Networks expand use of WANdisco big data technology
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