Microsoft to cut 18,000 jobs as Nokia loses 12,500 positions

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Source: Bloomberg
Microsoft Corp. has finally announced a long-awaited job cuts program, which will include the elimination of 18,000 positions by the middle of the next year. As expected, the vast majority of lay-offs will come from the Nokia unit, which has been recently bought by American company. Yesterday, Microsoft Corp. shares jumped 1% to $44.53 per share during the trading session in New York.
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Fri, 18 Jul 2014 10:07:08 GMT

Volvo revenue drops as China and Brazil demand decreases

Volvo AB, the biggest car manufacturer in Sweden, released its quarterly report for the work in the April-June quarter of this year. The report showed a 0.2% decline in sales, while profit of $521 million missed analysts' forecasts. The result was influenced by sales' drop in China and Brazil. Today, Volvo AB equities are losing as much as 4.1% to

Fri, 18 Jul 2014 12:34:09 GMT

Poloz may consider new interest rate level in October

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