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 :
Don't Miss Popular Story in Nokia Here :
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