Nokia seen as a target for takeover

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Source: Bloomberg
Nokia Oyj experiences a most rapid decline in share value over decade. The mobile device producer turns into attractive takeover target for investors who believe it still has a potential in developing smart phones. Nokia tumbled 18% yesterday after the firm raised the forecast for second quarter loss and announced it prepares to eliminate around 10 000 jobs.
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Fri, 15 Jun 2012 07:01:46 GMT

Dollar weaker for the second session on easing hopes

The U.S. Dollar depreciated for the second straight day versus Euro and Japanese Yen on speculation slowing country's economy will put pressure on Federal Reserve officials to apply more measures to stimulated growth. The greenback gave up 0.2% against Yen to JPY 79.35 and fell 0.6% versus Euro to USD 1.2633.

Fri, 15 Jun 2012 06:39:47 GMT

Greeks to vote for the second time in six weeks

Around 10 million Greek voters will attempt to elect their new government on Sunday, June 17. This will be the second ballot in six weeks. According to most recent polls done on June 1 no political party posses a strong majority. Country's constitution permits one more election. First official results will be released on Sunday evening at around 9.30 p.m.

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