Michael Schroeder News
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Detroit’s emergency manager says “everything’s on the table” to avoid bankruptcy, including bond payments. That hasn’t deterred investors from pushing the city’s relative borrowing costs to the lowest since January.
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California, the most-indebted U.S. state, began a $2 billion tax-exempt general-obligation bond sale as income taxes, which account for 63 percent of revenue, outpace projections.
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German investor confidence jumped more than economists forecast in February to the highest in almost three years, adding to signs that Europe’s largest economy is rebounding from its slump.
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Governor Rick Scott’s veto pen helped reduce Florida’s debt in back-to-back years for the first time in at least three decades. Lawmakers say it might be time to reverse course.
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Nokia Oyj transferred about 2,000 patents and patent applications to Mosaid Technologies Inc., a Canadian owner of intellectual property in electronics, in a move that may reduce administration costs.
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Nokia Oyj isn’t just losing mobile- phone market share to iPhone maker Apple Inc. The Finnish company’s dominance in China, the world’s largest wireless market, is being eroded as prices sink.
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With the Atlantic hurricane season days away, bonds of Florida’s largest real-estate insurer are rallying the most in nine months as forecasters assess a below- average chance the state will be hit by a major storm.
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The price of Nokia Oyj’s Lumia 900, the smartphone the company is counting on to revive U.S. sales, was cut in half at AT&T Inc. stores in a sign the device is struggling to lure users away from the iPhone and Android models.
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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.
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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.
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