Nokia Corp. (NYSE:NOK): While IDC data reveal that only 3.7 percent of smartphone shipments — 8.7 million units — in the second quarter were Windows Phone-based, there are reportedly a few large markets where the Windows OS is doing much better. Seeking Alpha contributor Chandan Sarkar recently observed that Kantar estimates that Windows’s share has passed 8 percent in the U.K. and France, and, though falling, is still around 8 percent in Italy. Nokia executive Jo Harlow claimed this week that Nokia’s smartphone share had topped 20 percent in Indonesia, potentially due to the Lumia 520.
Alcatel-Lucent (NYSE:ALU): Alcatel-Lucent has amended two term loan facilities, the latest move in the company’s debt refinancing strategy. The interest rate for a $1.75 billion 2019 facility ($1.74 billion outstanding) has been lowered to 5.75 percent from 7.25 percent, and the rate for a 300 million euro ($400 million) 2019 facility (298 million euros outstanding) has been lowered to 6.25 percent from 7.5 percent.
Deutsche Bank AG (NYSE:DB): German regulator Bafin has set a deadline for the end of August for the submission of information needed to approve Deutsche Bank’s sale of BHF Bank to a group led by RHJ International, Reuters reports. Though the sale of BHF was agreed upon in March last year, it was originally rejected.
Suncor Energy Inc. (NYSE:SU): The Financial Post is saying that Warren Buffett’s newly minted, 17.7 million share stake in Suncor could turn investors on to Canadian oil sands stocks, which have taken a battering recently. Suncor produced a record 390,000 barrels per day in July, and its “new normal” would see output shoot up to 420,000, First Energy Capital says.
Caribou Coffee (NASDAQ:CBOU): In a rather unconventional move, Caribou Coffee chose to look at the positive side of its national store closures, and is pointing out that the shuttering of its locations falls into a broader strategy of pressing the David versus Goliath theme. The company now expects to squeeze more profits out of each store with its streamlined approach.