Nokia Faces TURMOIL as 4 Highly Active Stocks Rock Markets
Nokia Corporation (NYSE:NOK) reports being open to sell some of its patent portfolio to bring in cash, following its most recent warning and restructuring plan. The portfolio, which has permitted Nokia to bring in royalties from Apple, includes 30K patents, among them innovations essential to 3G/4G networks and smartphone user interfaces. Additionally, Nokia reports acquiring Scalado, a Swedish maker of imaging technologies employed by more than one billion devices. In further efforts to bring the company back to profitable growth, Nokia is changing up management, lowering Q2 outlook, and giving word of 10,000 job losses and facility closings.
Featured Reading: Better Late Than Never for Nokia?
Exxon Mobil’s (NYSE:XOM) lubricants and Petroleum Specialties sector entered a six-year partnership with the Massachusetts State Police to be the only lubricant supplier for the whole 2,500-vehicle fleet. All fleet vehicles have been using Mobil 1 Advanced Fuel Economy since March 1.
Chesapeake Energy (NYSE:CHK): NY Attorney General Eric T. Schneiderman reported a monumental agreement with Chesapeake Appalachia, L.L.C. to permit more than 4,400 landowners who were trapped in unfavorable natural gas leases the option of renegotiating with the energy corporation. Oklahoma-based Chesapeake is licensed to do business in New York State for natural gas exploration and extraction from properties in some areas of the state. Plus, Schneiderman’s deal necessitates Chesapeake pay New York State $250,000 in reimbursement for costs of the investigation.
General Electric Company (NYSE:GE): Thursday, GE Capital, Commercial Distribution Finance (CDF) reported major improvements to its online inventory finance management tool employed by dealers across a range of durable consumer products industries, such as recreational vehicles, marine, motor sports, technology, and lawn and garden. Plus, in the majority of these industries dealers will now be able to access CDF’s industry-leading data analysis, Analytics Online. CDF’s improved online tool (known as Customer Online Management System, or COMS) is being made available to over 45,000 users at dealers in the U.S., Canada and Asia. These users can process deals more simply and obtain detailed metrics and real-time reports to better inform decisions.
Johnson & Johnson (NYSE:JNJ) has obtained U.S. regulatory approval for its $19.7B acquisition of Swiss medical device manufacturer Synthes Inc., the company announced Tuesday after the bell. JPMorgan promoted its rating on J&J shares the next day to “Overweight” from “Neutral,” and shares closed higher 1.55% to finish the day at $66.45.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.