Slight Bump in Stock Prices as Greek Bailout Deal Nears Completion (NOK, S)

Major indices saw a slight increase today, as there appeared to be tangible process in getting a Greek debt bailout deal approve in Europe. In corporate news, Nokia's (NOK) troubles continue, as they announced that they would be laying off 4,000 workers in three of their factories. The mobile phone maker has recently pinned its hopes on Microsoft's (MSFT) Windows Phone operating system, and will be making a major US release in the near future. Sprint (S), another troubled company in the mobile space, announced over $1 billion in losses last quarter.
They did see substantial subscriber growth; however, the deal they made with Apple (AAPL) in order to secure the iPhone on their network was extremely costly.

Word on the Street

Interesting Tidbits

Published on Feb 8, 2012
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

Posted in ...