HELSINKI (AP) — Nokia continued to be hit by a decline in its core networks sector in the second quarter with almost flat sales, and cautioned Thursday that a weakening in networks would be greater than previously expected. The Finland-based networks company, however, managed to trim net loss in the period to 423 million euros […]
Volvo is First Major Carmaker to Forgo Traditional Engines
Volvo will begin producing electric motors on all its cars from 2019, becoming the first traditional automaker to forgo the combustion engine altogether. The Swedish company, which has been making cars since 1927 and has in recent decades become famous for its station wagons and safety features, said Wednesday that the decision was prompted by […]
Nokia in Q3 Loss, Sales Drop Amid Networks Downturn
HELSINKI (AP) — Mobile networks operator Nokia continued to be hit by a downturn in the industry, reporting a loss in the third quarter and a 12-percent drop in sales that saw the company’s share price plunge 7 percent. As it struggles against tough competition, the Finland-based company on Thursday reported a net loss of […]
U.S. Biochemical Engineer Wins $1.2 Million Technology Prize
American biochemical engineer Frances Arnold, whose discoveries in “directed evolution” have helped produce medicines, including drugs for treating diabetes, on Tuesday was awarded this year’s euro 1 million ($1.2 million) Millennium Technology Prize. The 59-year-old professor of chemical engineering, bioengineering and biochemistry at the California Institute of Technology in Pasadena, was cited for “groundbreaking work […]
Nokia Sees Fall in Q1 Profits, Gives Cautious Outlook
HELSINKI (AP) — Nokia reported Tuesday a first-quarter net loss of 513 million euros ($584 million) due to lower demand in mobile networks as well as the impact of its acquisition of Alcatel-Lucent, and warned of a further decline in earnings. In the company’s first earnings report since the 15.6-billion-euro acquisition, Nokia said the loss […]
Nokia Plots Comeback with Android Tablet
Nokia is back in the fray. Just months after selling its ailing handsets unit to Microsoft, the Finnish company is planning to bring its brand back to consumers with a new tablet. This time the device operates Android instead of the Windows software that Nokia adopted on its cellphones when it started a strategic partnership […]
Nokia Turnaround Since Cellphone Unit Sale to Microsoft
Nokia appears to have turned around its fortunes after the sale of its ailing cellphone unit to Microsoft, reporting a third-quarter net profit of 747 million euros ($950 million), from a loss of 91 million euros a year earlier. Sales grew 13 percent. The result surprised markets, pushing Nokia Corp. stock up more than 6 […]
Nokia stock surges on Microsoft takeover
HELSINKI (AP) — Microsoft Corp. is buying Nokia Corp.’s line-up of smartphones and a portfolio of patents and services in an attempt to strengthen its fight with Apple Inc. and Google Inc. and capture a slice of the lucrative mobile computing market. The 5.44 billion euros ($7.2 billion) deal announced late Monday marks a major […]
Nokia Launches Bike-Powered Handset
(AP) – Want to talk more? Keep pedaling, says Nokia. The world’s largest mobile phone maker on Thursday launched four low-priced handsets and a recharger that can be connected to a bicycle’s dynamo which charges when the wheels turn. The bicycle charger kit and handsets – some with a standby battery time of up to […]