Nokia Loss Widens as Smartphone Sales Slump
Embattled Finnish mobile handset maker Nokia Corp. (NOK) extended its heavy losses Thursday as shipments of its new line of Lumia brand phones failed to make up for slumping sales of its older models against a backdrop of intensifying competition from the likes of Apples Inc. (AAPL) and Samsung
Rate Probe Spreads To Major Europe Banks: FT
An investigation into alleged attempts to manipulate Europe's benchmark interest rate, Euribor, has spread to HSBC Holdings PLC , Credit Agricole SA , Societe Generale SA and Deutsche Bank AG , the Financial Times reported Thursday.
Cheung Kong Infrastructure 1st Half Net Profit up 18%; Acquisitions Eyed
A strong performance by Cheung Kong Infrastructure Holdings Ltd.'s (1038.HK) U.K. assets contributed to an 18% rise in the Hong Kong company's first-half net profit, and its chairman said Thursday the utility and infrastructure company has built up a war chest to continue its recent splurge on
Germany Set to Approve Aid for Spanish Banks
German lawmakers on Thursday are expected to approve the Europe Union's latest euro-zone bailout--a major package of loans to refinance Spanish banks--despite growing concern here that German taxpayers are being made to pay the debts of other euro-zone members.
EU Tells Italy To Respect Independence of Telecoms Regulator
The European Commission has sent a formal letter to Italy warning it to respect the independence of the telecommunications regulator after Italy's parliament recently passed a law opening up maintenance of the network, a spokesman said Thursday.
Chevron, Reliance Sign Preliminary Kurdistan Oil Deal -Sources
Chevron Corp. (CVX) has signed a preliminary deal with Indian conglomerate Reliance Industries Ltd. (500325.BY) that would see the U.S. company take stakes in two oil exploration blocks in the Kurdish region of Iraq, two people familiar with the matter told Dow Jones Newswires Thursday.