Cisco Systems, Inc. (NASDAQ:CSCO): Closing price $25.82
The Stock Exchange of Thailand is employing Cisco’s Data Center architecture to increase operational flexibility, enhance business operations, and facilitate the exchange’s online trading platform. With tight rivalry in capital markets, SET plans to utilize innovative and proven tech from Cisco, develop new models of trade, support service expansion, improve management, and streamline new offerings to address rapid changes in investors’ demands.
Nokia Corp. (NYSE:NOK): Closing price $4.02
Pointing to a continued drop in sales, Moody’s Investors Services pronounced Nokia Corp.’s second quarter earnings as credit negative. Already, Moody’s has Nokia on review for a downgrade, and this latest warning implies the credit ratings agency is concerned about how quickly Nokia is going through its cash. Further, it observed Nokia’s net cash would probably drop to 1 billion euros after its acquisition of Siemens’ interest in Nokia Siemens, which would be below the 1.5 billion euros needed to keep the firm’s current Ba3 rating.
News Corp. (NASDAQ:NWSA): Current price $15.97
News Corp. Chairman Rupert Murdoch has told Parliament’s Home Affairs Committee that he “used the wrong adjectives” in his description of the police inquiry into phone hacking and bribery, when speaking to the staff of his British newspapers in a secretly recorded conversation. The Committee Chairman Keith Vaz wrote to Murdoch July 12, asking him to state the reason he thought the probe is “a disgrace,” and why he seemed to say in the recording that the firm is forcing the police to obtain court orders to secure information.
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