Friday, August 24, 2012

Nokia Corporation (NOK) Retreats Slightly ATPG, NOK, SIRI, GRPN, ZNGA

Nokia Corporation (ADR) (NYSE:NOK) shares declined 3.75% to $3.08 after soaring 16% in the past one week. Shares of Nokia Corporation (ADR) (NYSE:NOK) have been showing a nice uptrend over the past few weeks amidst the buzz generated by the imminent release of its new Lumia phones and an alliance with America’s largest carrier Verizon.

The recent rally was driven by rumor that the company is all set to launch its highly expected new smartphone which would be available on Verizon Communications Inc.(NYSE:VZ). Nokia has scheduled an event on Sep 5 (just ahead of expected launch of its new iPhone By Apple).

Microsoft Corporation (NASDAQ:MSFT) will also be present at the event as the company’s Windows 8 operating system will support Nokia’s new phone.

Can NOK Extends Gain, Find Out Here

ATP Oil & Gas Corporation (NASDAQ:ATPG) shares fell 2.41% to $0.405 after the company was given preliminary approval by a judge for $618 million in financing after filing for bankruptcy last week. U.S. Bankruptcy Judge Marvin Isgur in Houston Aug. 22 gave interim approval to the financing from Credit Suisse Group AG (NYSE: CSGN) and other lenders after requiring changes to some terms.

Sirius XM Radio Inc (NASDAQ:SIRI) stock fell 0.40% to $2.49 after the company announced that customers will automatically receive a 3-month SiriusXM subscription when they purchase any pre-owned vehicle, regardless of manufacturer, with a factory-equipped satellite radio from participating Toyota dealers across the United States. SiriusXM is delighted that Toyota and its network of dealers see the value of giving customers a 3-month SiriusXM subscription with the sale of any pre-owned Toyota and non-Toyota vehicle equipped with satellite radio.

Groupon Inc (NASDAQ:GRPN) shares declined 1% to $4.47 in the early hour. The company’s new operations chief, Kal Raman, is driving a major overhaul of the company's sales and payment processes to convince skeptics that it is a serious technology company and not just a passing consumer fad. Raman told Reuters Groupon is introducing four sets of technology to make its sales force, known as the "deal factory," more efficient, starting in North America and then Europe.

Zynga Inc (NASDAQ:ZNGA) shares declined 2.15% to $3.18. Around four managers at Zynga Inc have leaved current month as the company struggles with sluggish growth and a dropping share price that reduces the value of reward. The company said on Aug. 8 that John Schappert is departing as chief operating officer and board director. A management overhaul had stripped him of oversight of key operations.

Don't Miss Popular Story in Nokia Here : 

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