In a memo written last week, CEO Satya Nadella telegraphed staff cuts now that Microsoft had added some 25,000 new employees as part of the acquisition of the smartphone business from Nokia.
Microsoft has completed its acquisition of the handset unit from Nokia. But Sterne Agee's Robert Breza rates Microsoft only as Neutral, and he has decided to ratchet down Microsoft's earnings expectations.
Amazon.com Inc.At a press event Wednesday in Seattle, Amazon.com Inc. (NASDAQ: AMZN) CEO Jeff Bezos introduced the company’s “Fire” phone, a 4.7-inch smartphone that is entering a sector dominated by Samsung Electronics…
Nokia has had several corporate governance announcements regarding its special dividend and buyback plan, and shares reached a new 52-week high.
Jon C. Ogg ThinkstockStocks are still challenging all-time highs, and investors keep hearing that the bull market has now become a stock picker’s market. What this means is that investors still will try to make…
These are the top Wall Street analyst upgrades, downgrades and initiations seen on Wednesday, May 21, 2014. They include AIG, Bank of America, Citigroup, Nokia, Marketo and Voya Financial.
ThinkstockNokia Corp. (NYSE: NOK) and its creditors may have just been given one more confirmation that exiting the highly competitive handset business was the right thing to do. Moody’s Investors Service announced…
Jon C. Ogg courtesy of MicrosoftIn an announcement that should surprise no one, Stephen Elop, former CEO of Nokia Corp. (NYSE: NOK) and now executive vice-president of the devices division of Microsoft Corp. (NASDAQ: MSFT),…
Now that Nokia has unloaded its unprofitable mobile handset business on Microsoft the question is how does Microsoft make it profitable? What did Microsoft get for its $7.52 billion?
Nokia announced Tuesday morning that the sale of virtually all the company's devices and services business to Microsoft had received approval from China's Ministry of Commerce.
Not surprisingly, when consumers in five emerging market countries were asked to name pick their choice of connected devices, Apple came out on top. Samsung continues to lead in sales however.
These are the top analyst upgrades, downgrades and initiations seen from Wall Street research firms on Friday, March 7, 2014. They include Nokia, Safeway, Sirius XM, Skull Candy and Teva Pharmaceutical.
These are the top analyst upgrades, downgrades and initiations seen from Wall Street research firms on Monday, March 3, 2014. They include Apple, MarkWest Energy Partners, NII Holdings, RF Micro Devices and…
Samsung ElectronicsThe Mobile World Congress (MWC) has just wrapped up for 2014, and the future is looking decidedly different from today. The saturation of smartphones in to the marketplace is forcing the…
A regional court in Mannheim, Germany, dismissed a $2 billion claim against Apple made by IPCom, a Germany-based patent-owning company. The dismissal was made without comments.
