Moody’s this morning cut its rating on long-term senior unsecured debt from Nokia Corp. (NYSE: NOK) from Ba1 to Ba3. Short-term unsecured ratings of Not-Prime (NP) were affirmed and the ratings outlook…
Apple (NASDAQ: AAPL) will shrink the connector for the iPhone 5. (Reuters) Greece presses for billions of euros in budget cuts before aid payments. (WSJ) Eastman Kodak loses several patent disputes, which…
The three major US stock indexes opened lower this morning after Spanish bond yields rose above 7% again and the country’s Valencia region asked for central government assistance in paying its debts.…
U.S. markets are set to open higher, buoyed by somewhat better-than-expected earnings. Late Wednesday, IBM (NYSE: IBM) posted a higher profit and boosted its earnings target for the year. EBay (NASDAQ: EBAY)…
NokiaNokia (NYSE: NOK) reported this morning that its net loss more than tripled in the second quarter, dragged down by sagging sales of smartphones, a market in which the company has been…
Barnes & Noble (NYSE: BKS) is not the next Borders, as some analysts like to say. It has much larger sales, much smaller financial obligations and a major e-commerce presence. But what seemed…
According to the latest research from Strategy Analytics, Windows Phone operating systems from Microsoft Corp. (NASDAQ: MSFT) will capture 4% of the US smartphone market in 2012. While still trailing far behind…
Thursday will mark yet another important day for this earnings season. The second quarter became more challenging for many companies, as we noted about so many tech warnings weighing on shares last…
The three major US stock indexes opened higher this morning in advance of Fed Chairman Ben Bernanke’s semi-annual report to Congress and following some data on inflation (more coverage here), industrial production,…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Tuesday. Alcatel-Lucent SA (NYSE: ALU): Cut to Hold at Deutsche Bank. Amazon.com, Inc.…
GlaxoSmithKline (NYSE: GSK) will take over Human Genome Sciences (NASDAQ: HGSI) for $2.8 billion. (Reuters) A poll from the National Association for Business Economics shows few companies plan to hire new workers. (Reuters)…
NokiaNokia (NYSE: NOK) has cut the price of its flagship Lumia 900 in half to $49.99. The smartphone is available, among other places at AT&T’s (NYSE: T) as a “web only” special. The…
Friday has been a stellar day based upon reaction to the major bank earnings reports and due to reports that China’s GDP maintained a growth rate of 7.6%. What is amazing is…
The three major US stock indexes opened slightly lower this morning ahead of the release later today of the minutes of the last FOMC meeting. Asian markets were mixed overnight and markets…
NokiaNokia’s (NYSE: NOK) shares have fallen so low that some investors and analysts of the handset industry believe the Finnish firm has reached the brink of bankruptcy. The company’s stock has fallen…
