Microsoft Officially Acquires Nokia; Private Sector Increases Number of Jobs

Nasdaq finishes up for the first time this week while the S&P 500 and the Dow Jones finish in the red for the third straight day. Microsoft's (MSFT) acquisition of Nokia is now complete after approval by the European Union, this deal is for $7.35 billion. Reports are showing that CEO's are optimistic about the economy over the next six months. The confidence index rose to 84.5 in the fourth quarter, up from 79.1 last quarter. Advertisers have been fighting over Super Bowl ads as Fox announced that they are completely sold out of time slots.
Prices are up this year to $4 million for some 30-second commercial spots, up $200,000 from last year. The private sector reported that they added 215,000 jobs in November, the most in a month since last November. Newsweek will return to printing the magazine after stopping the 80-year task at the end of 2012. The idea to return to printing comes with a new media company that bought the magazine in August in an attempt to revive the magazine.

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Published on Dec 4, 2013
By InvestorGuide Staff

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