Oracle, Toyota, Alcoa, Nokia Attracting Investor Interest Feb. 9th
Oracle (NASDAQ:ORCL): Oracle announced that it has entered into an agreement to acquire Taleo Corporation or $46 per share, approximately $1.9 billion, net of Taleo’s cash and debt. Taleo’s Talent Management Cloud helps organizations attract, develop, motivate and retain human capital to improve performance and drive growth. Shares of Oracle are trading 0.28% lower today.
Toyota Motor Corporation (NYSE:TM): General Motors (NYSE:GM), Ford Motor (NYSE:F), Tata Motors (NYSE:TTM) and others are trying to wedge their way into the Indonesian car market, which has been dominated by Toyota Motor (NYSE:TM) and other Japanese auto makers for decades, The WSJ reports.
GM, Ford, Tata etc have plans for new plants, new models or new dealerships, in an attempt to capture a share of the emerging middle class in Indonesia. Shares of Toyota Motor Corporation are trading 0.47% higher today.
Alcoa (NYSE:AA): Alcoa is expected to examine the viability of its Point Henry aluminum smelter in Victoria, as higher metal prices, input costs and exchange rates have made it unprofitable, the Daily Telegraph reports. The plant employs 600 people and the review should be completed by the end of June. Shares of Alcoa are trading 0.19% lower today.
Nokia (NYSE:NOK): Nokia has announced planned changes at its factories in Komarom, Hungary, Reynosa, Mexico and Salo, Finland. The measures follow a review of smartphone manufacturing operations that Nokia announced last September and aim to increase the company’s competitiveness in the diverse global mobile device market. These three factories are planned to focus on smartphone product customization, serving customers mainly in Europe and the Americas. Device assembly is expected to be transferred to Nokia factories in Asia, where the majority of component suppliers are based. As a consequence of the plans, the number of steps in manufacturing and the amount of work carried out at the sites in Komarom, Reynosa and Salo are expected to decrease substantially. The changes are anticipated to impact approximately 4,000 employees in total. Personnel reductions are planned to be phased through the end of 2012. Nokia will offer a comprehensive locally-tailored support program, including financial support and assistance with local re-employment. Shares of Nokia are trading 1.92% lower today.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
To contact the reporter on this story: Derek Hoffman at email@example.com
To contact the editor responsible for this story: Damien Hoffman at firstname.lastname@example.org