Nokia Oyj, the world’s biggest maker of mobile phones, may report its second-lowest profit in more than a decade for the first quarter as competitors reduce prices in both smartphones and standard handsets.
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 and Microsoft Corp., both looking to increase U.S. sales of smartphones, stand to get a much-needed boost as Samsung Electronics Co. products face a possible ban and handset makers come under pressure to consider alternatives to Google Inc.’s Android software.
Nokia Oyj shareholders didn’t feel the buzz at the company’s showcase event in London this week, increasing pressure on Chief Executive Officer Stephen Elop to speed development of devices to rival Apple Inc. and Google Inc.
The bankruptcy of Jefferson County, Alabama, may keep municipal yields that are already high relative to U.S. Treasuries elevated as some investors flee tax- exempt debt, according to Michael Schroeder, president and chief investment officer of Wasmer, Schroeder & Co.