Nokia’s New Lumia, Shell’s Interest in Ukraine, and 3 More Hot Stocks
Nokia (NYSE:NOK): The Finnish phone maker is set to reveal the Lumia 1020 on Thursday, a product heralded as “the phone that will save Nokia” (THOUGH WE’VE HEARD THAT BEFORE – BLACKBERRY (NYSE:BBRY) can attest). With its 41 megapixel sensor, the 1020 certainly sets itself apart from the rest on a photography standpoint, but whether the rest of the phone will add up has yet to be determined.
Royal Dutch Shell PLC (NYSE:RDSA): Shell has expressed its interest in developing both traditional and shale gas deposits in Ukraine after Ukrainian Prime Minister Mykola Azarov invited the company to develop “not only shale gas, but also gas from traditional reserves.” Shell signed a production sharing agreement with the country for the Yuzovka shale gas area in January, which is expected to eventually provide 20 billion cubic meters of gas per year.
Booz Allen Hamilton Holding Corp. (NYSE:BAH): A U.S. Air Force probe indicates there is no evidence to suggest that Booz Allen is responsible for Edward Snowden’s disclosure of classified documents, as the firm informed the Air Force about the Snowden case as required. This allows the defense contractor to continue working for the government — a good thing, since 98 percent of its revenues stem from it.
Alaska Air Group (NYSE:ALK): In discussions that went far smoother than most in the industry, Alaska announced that it has reached an agreement with its pilots over a five-year contract plan that will increase pay by nearly 20 percent over the life of the agreement, and contains job security and work rule improvements. It also protects pilots’ retirement and insurance benefits, a company statement said.
Actavis (NYSE:ACT): Actavis, along with Warner Chilcott (NASDAQ:WCRX), have received a notice from the Federal Trade Commission requesting additional information for Actavis’s $8.5-billion acquisition of Warner. The request will extend the waiting period for a decision from the FTC until 30 days after the companies have complied with it, although they still expect to complete the deal in the second half of the year, Seeking Alpha reports.