Active Volume Stock Movers: Nokia, Wal-Mart, Sprint, Goodyear Feb. 14th
Nokia (NYSE:NOK): Nokia has reportedly activated its working partnership with MediaTek and MStar Semiconductor and could be sending orders to one or both firms for the vendor’s new models set to launch in 2H12, according to industry sources and reported in Digitimes.
Wal-Mart (NYSE:WMT): Wal-Mart wants its sales in China to grow more quickly than the market as a whole, said Walmart International CEO Doug McMillon, according to China Daily.
Sprint (NYSE:S): Sprint Nextel is in talks with Alcatel-Lucent (NYSE:ALU) to use lightRadio, their new telecommunications gear designed to help wireless networks handle more calls, reports Bloomberg Businessweek.
The Goodyear Tire & Rubber Company (NYSE:GT): These charges were due to rationalizations, asset write-offs and accelerated depreciation; a loss of $16M, or 7c per share, related to business disruptions and costs resulting from the temporary closure of the company’s factory in Thailand due to flooding in that country; a net loss of $8M or 3c per share on asset sales; and net discrete tax benefits of $60M, or 24,c primarily due to the release of valuation allowances on foreign operations.
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