Sandeep Deshpande News
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Nokia Oyj fell as much as 5.6 percent in Helsinki trading after introducing a smartphone that disappointed investors anticipating a handset attractive enough to push forward the company’s comeback effort.
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Most U.K. stocks advanced, extending the benchmark FTSE 100 Index’s biggest rally in almost two months, after U.S. pending home sales unexpectedly increased and jobless-benefit claims declined.
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Infineon Technologies AG , Europe’s second-largest chipmaker, raised its full-year forecast after reporting a better-than-predicted first-quarter profit on surging demand for automotive and industrial semiconductors.
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European stocks rose for the first time in four days as U.S. President Barack Obama changed his position on tax increases, leading to optimism that Democrats and Republicans will agree on a compromise budget.
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Dialog Semiconductor Plc, which makes chips used in Apple Inc.’s iPhone, fell the most in almost six months after Nikkei newswire reported that the U.S. company scaled back production plans for the smartphone.
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Infineon Technologies AG, Europe’s second-largest semiconductor maker, said Chief Executive Officer Peter Bauer will step down because of “severely worsening” osteoporosis and appointed a board member as successor.
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Nokia Oyj shares tumbled the most in almost three months after the introduction of two Lumia smartphones with Microsoft Corp.’s new Windows Phone software failed to impress investors.
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ARM Holdings Plc , the U.K. designer of chips that help power Apple Inc.’s iPhone, retreated the most in more than two years in London trading on concern the stock may be too expensive and as analysts said sales of some tablet computers may fail to meet expectations.
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CSR Plc , the U.K. maker of chips used in Nokia Oyj mobile phones, fell the most in three months in London after forecasting a drop in fourth-quarter revenue.
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Infineon Technologies AG rose the most since September after saying sales in the current quarter will at most fall slightly from its fiscal first-quarter, when revenue dropped 9 percent sequentially.
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