Nokia Siemens Extends Mobile TeleSystems Partnership and 2 Other Hot Stocks To Watch
Nokia Corp. (NYSE:NOK): Current price $3.93
The 50-50 joint venture between Nokia and Siemens, Nokia Siemens Networks, said before the markets opened that it is extending its partnership with Mobile TeleSystems by deploying FDD LTE in the Moscow and central Russia regions during the third quarter. Bloomberg, citing an MTS spokesman, reports that the contract value stands at $200 million and could be extended.
Morgan Stanley (NYSE:MS): Current price $24.03
During the abbreviated pre-holiday trading day, financial stocks are mostly down as instability factors in Europe outweigh a positive mood in the U.S. labor market. The Financial Select Sector SPDR Fund, which monitors financial stocks in the S&P 500, was down by 0.6 percent. Shares of Morgan Stanley were down by 1.8 percent in late-morning trading, but still are up more than 25 percent in 2013.
Itau Unibanco Holding (NYSE:ITUB): Current price $12.01
Itau Unibanco, Brazil’s No. 1 bank by market value, said its Uruguayan division will acquire Citi Uruguay’s retail banking operations, gaining more than 15,000 clients with about $265 million in deposits. The transfer of a credit card portfolio of $60 million that Citi has developed in Uruguay is also involved, making up around 6 percent of the market in 2012. Itau reported the cost of the operation was “not significant” for the bank and would not have a material accounting impact on results.
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