Nokia Siemens to cut 2,900 jobs in Germany & 1,200 in Finland Nokia Siemens Networks said a previously announced restructuring plan would entail 2,900 job cuts in Germany and 1,200 in Finland. The company said it had begun talks with local representatives aimed at reducing the number of employees in…
Mitsubishi Electric Falls After Japanese Ban on Contract Bids: Mitsubishi Electric Corp. fell the most in 10 months in Tokyo trading after Japan barred the company from competitive bidding for government orders because it overcharged for some defense and aerospace contracts. The government has prohibited Mitsubishi Electric from joining bids…
Apple Investors Await Dividend Apple Inc. has Wall Street’s full attention after hinting at plans for the company’s $100 bn cash pile that may lead to stockholders receiving a dividend. Apple is gactively discussingh uses for its cash, including a dividend, buyback, acquisitions and supply chain investments, Chief Financial Officer…
Spain, Portugal want quick Greek bailout decision The prime ministers of Spain and Portugal say they want next week’s EU summit to adopt measures that will help shield them against contagion from Greece’s debt crisis. The countries are going through hard economic times, leaving them vulnerable to market jitters as…
Lehman buys stake in Archstone: SEC filing Lehman Bros Holdings Inc closed on the purchase of a $1.325 bn stake in real estate group Archstone, raising its total stake in the sought‐after apartment co to 73.5%, according to a regulatory filing. Lehman’s purchase sidelined real estate group Equity Residential, which…
Volkswagen mulls buying Porsche before November Volkswagen is considering how to acquire the remaining 50.1% of Porsche SE’s sports car business prior to November, when put call options first foresee a deal, Dow Jones Newswires reported on Sunday. A final decision has yet to be made as the evaluation of…
Moody’s warns it will likely cut big bank ratings Moody’s warned that it is likely to make further cuts in credit ratings of many European banks and global investment banks. The agency said that it is likely to act because of deteriorating financial strength of governments, particularly in Europe, increased…
Fiat to supply 100,000 more car engines to Suzuki Italian car maker Fiat will supply 100,000 more small diesel engines to Suzuki Motor Corp’s Indian unit, in addition to those already licensed, amid strong demand in the Indian car market. Fiat will supply up to 100,000 more diesel engines a…
AT&T Spectrum Need Signals Premium for Dish AT&T Inc. is under so much pressure to add wireless spectrum after its failed $39 billion bid for T- Mobile USA that it may be compelled to pay the highest premium in more than a decade to secure Dish Network Corp. (DISH).Facing opposition…
Google Readies Next Version of TV Software for 2012 Release Google Inc. plans to release an updated version of software for its namesake television service by year end, adding content and making it easier for users to find shows. Google TV will undergo annual software upgrades, director of product mgmt…
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