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News for companies in your portfolios
Nokia chief's pay halved in turnround drive
Mar 07 2013 16:53 GMT
Nokia cut the annual earnings of its chief executive almost in half last year as Stephen Elop fought to restore the Finnish handset maker's fortunes in the fiercely competitive mobile phone market. Mr Elop received €4.3m in cash and stock options in total for 2012, according to a regulatory filing...
US equities boosted by jobless data
Mar 07 2013 15:28 GMT
US stocks rose in early activity on Thursday after labour market data showed an unexpected fall in the number of Americans claiming first time jobless benefits. The figures, which said claims fell by 7,000 to 340,000, helped boost the S&P 500 closer to its all-time record high of 1,565 and...
Icahn muscles in on Dell deal
Mar 07 2013 14:09 GMT
Carl Icahn has taken a sizeable stake in Dell and is pushing the PC maker to abandon its $24.4bn buyout plan in favour of a leveraged recapitalisation and special dividend, according to a letter from the billionaire activist investor to the company. News of the stake comes as the personal...
Brussels ends probe into telecoms groups
Mar 07 2013 11:47 GMT
The five largest European telecoms groups have been cleared of antitrust practices by Europe's competition regulator following the end of a long-running Brussels probe. The European Commission said on Thursday morning that it had closed a preliminary investigation into the extent of group discussions between Deutsche Telekom, Telefónica, Vodafone, France...
Talk stays cheap for Vodafone and Verizon
Mar 06 2013 23:18 GMT
A few years ago Vodafone's board commissioned a study of the company's options for its 45 per cent stake in Verizon Wireless, the largest US mobile network operator. The study included the full purchase of Verizon Communications for $160bn - potentially one of the largest M&A transactions on record. When...
|Gainers||Today's Market Change|
Cabot Oil & Gas Corp
SK Telecom Co Ltd
Sunoco Logistics Partners LP
New York Mortgage Trust Inc
|Losers||Today's Market Change|
Kayne Anderson MLP Investment Company
Reynolds American Inc
Vodafone Group PLC
AllianceBernstein Holding LP