FRANKFURT/HELSINKI: Nokia is hiring software experts, testing new products and seeking sales partners as it plots its return to the mobile phone and consumer tech arena it abandoned with the sale of its handset business. Once the world's biggest maker of mobile phones, the Finnish firm was wrongfooted by the rise of smartphones and eclipsed by Apple and Samsung. It sold its handset business to Microsoft in late 2013 and has since focused squarely on making telecoms network equipment. Now Nokia boss Rajeev Suri is planning a comeback.
The word "Dubai" has pretty much become synonymous with "bubble" these days, with stories you heard just a few years ago about the country's grand projects and epic ambitions replaced by stories of empty offices and halted construction.
By Jacob Steinberg:The last couple weeks, I was somewhat upset with the performance of the Walt Disney Company (DIS). For about 20 trading days in a row, the company underperformed the market because some investors were worried about the bad performance of Disney's The Lone Ranger movie and others were concerned about emerging competition to the company's ESPN network.
Video ad company Adap.TV should be congratulated for its deal to be acquired by AOL for $405 million. The company had raised $48.5 million from investors — now they have their money back and Adap.TV has a whole new gigantic customer base to serve. But the deal will not be celebrated at Adap.TV's competitors.
It’s not every day that a brand-name stock loses a quarter of its value in a matter of minutes, as Netflix did after reporting its financial earnings Wednesday. It’s even rarer when executives respond as if it’s no big thing.