BlackBerry Ltd., coping with the collapse of a $4.7 billion buyout by Fairfax Financial Holdings Ltd., will raise $1 billion in convertible bonds and seek a new chief executive officer for the struggling company.
Nokia Oyj, the world’s biggest maker of mobile phones, plunged more than 14 percent after posting a lower-than-estimated profit on competition from Apple Inc.’s iPhone, and cutting its margin forecast.
Nokia Oyj rose to a four-week high as the handset manufacturer prepared to return Feb. 27 to the Mobile World Congress, the first time the company is showing new products at the trade show in three years.
The most accurate analyst covering Apple Inc. isn’t on Wall Street. It’s Horace Dediu -- a blogger, ex- Nokia Oyj worker and self-described “entertainer” who writes from a home overlooking the Baltic Strait in Helsinki.
Nokia Oyj reported a smaller-than- estimated loss and forecast a profitable quarter for the handset business as the Finnish manufacturer prepares to introduce models based on Microsoft Corp.’s software. The shares surged.
Nokia Oyj , the world’s biggest maker of mobile phones, posted third-quarter profit that beat analysts’ estimates as it sold more smartphones, boosting shares. The company said it plans to cut 1,800 jobs globally.
Nokia Oyj replaced Chief Executive Officer Olli-Pekka Kallasvuo last year after the stock sank 55 percent during his four-year tenure. Successor Stephen Elop has presided over a 37 percent loss in just eight months.