TOP 5 STOCKS TO WATCHOUT:-
1. #NOKIA- Telecoms equipment maker Nokia operating margins at its networks business will be zero in 2021, it said on Wednesday in an update on strategy to streamline the Finnish company into four business groups.
The immediate focus of the mobile networks business will be on executing its turnaround, the company said. It expects the business to deliver a comparable operating margin of about 0% in 2021 and significant improvement over the longer term, Nokia added.
2 . #ZOOM:-Zoom Video Communications said on Wednesday it would expand its presence in Singapore by opening a research and development centre and will immediately hire hundreds of engineering staff for the new operations.
The video-conferencing services provider said in a statement that is also doubling its data centre capacity in the country. The San Jose, California-based company launched the Singapore data centre, its first in Southeast Asia, in August.
The company has seen a surge in users of its video conferencing service this year, with millions of workers and students using its video platform as they work and study from home due to the coronavirus-led lockdowns.
3.#DELTA AIR:-Delta Air Lines Inc is in early talks with governments to add more quarantine-free flights overseas, a company executive said on Tuesday, as the aviation industry turns to such testing-backed programs to revive demand battered by COVID-19.
The U.S. carrier is rolling out two quarantine-free flights this week to Europe, where passengers are required to be tested for the novel coronavirus.
The flights, which are restricted to essential travel to meet government requirements, begin later on Tuesday with a departure from Atlanta to Amsterdam.
4. #AMAZON:- Amazon.com urged a U.S. judge to toss out the Pentagon's $10 billion JEDI cloud computing contract award after the Defense Department said in September a court-ordered re-evaluation had determined Microsoft Corp proposal still represented the best value for the government.
The company's Amazon Web Services (AWS) unit said in a redacted Oct. 23 court filing unsealed on Tuesday that the award to Microsoft must "be invalidated because it is the product of systematic bias, bad faith, and undue influence exerted by President Trump to steer the award away from" the company. It called it a "flawed and politically corrupted decision."
The White House declined to comment, referring questions to the Justice Department. The Pentagon did not immediately comment.
Microsoft said in a statement Tuesday "career procurement officials at the DoD decided that given the superior technical advantages and overall value, we continued to offer the best solution."
5. #HONDA MOTOR CO:- Honda Motor Co said on Tuesday it was recalling 1.79 million vehicles worldwide in four separate campaigns, including some linked to reported fires.
The recalls cover 1.4 million vehicles in the United States.The Japanese automaker said one recall covers 268,000 2002-2006 model year CR-V vehicles in the United States to replace power window master switches. Honda said there had been no reported injuries, but 16 fires reported related to the issue.
Honda conducted a prior recall of the power window master switches in 2012. The new recall is in response to moisture-related failures of switches repaired under the previous campaign.
1. #NOKIA- Telecoms equipment maker Nokia operating margins at its networks business will be zero in 2021, it said on Wednesday in an update on strategy to streamline the Finnish company into four business groups.
The immediate focus of the mobile networks business will be on executing its turnaround, the company said. It expects the business to deliver a comparable operating margin of about 0% in 2021 and significant improvement over the longer term, Nokia added.
2 . #ZOOM:-Zoom Video Communications said on Wednesday it would expand its presence in Singapore by opening a research and development centre and will immediately hire hundreds of engineering staff for the new operations.
The video-conferencing services provider said in a statement that is also doubling its data centre capacity in the country. The San Jose, California-based company launched the Singapore data centre, its first in Southeast Asia, in August.
The company has seen a surge in users of its video conferencing service this year, with millions of workers and students using its video platform as they work and study from home due to the coronavirus-led lockdowns.
3.#DELTA AIR:-Delta Air Lines Inc is in early talks with governments to add more quarantine-free flights overseas, a company executive said on Tuesday, as the aviation industry turns to such testing-backed programs to revive demand battered by COVID-19.
The U.S. carrier is rolling out two quarantine-free flights this week to Europe, where passengers are required to be tested for the novel coronavirus.
The flights, which are restricted to essential travel to meet government requirements, begin later on Tuesday with a departure from Atlanta to Amsterdam.
4. #AMAZON:- Amazon.com urged a U.S. judge to toss out the Pentagon's $10 billion JEDI cloud computing contract award after the Defense Department said in September a court-ordered re-evaluation had determined Microsoft Corp proposal still represented the best value for the government.
The company's Amazon Web Services (AWS) unit said in a redacted Oct. 23 court filing unsealed on Tuesday that the award to Microsoft must "be invalidated because it is the product of systematic bias, bad faith, and undue influence exerted by President Trump to steer the award away from" the company. It called it a "flawed and politically corrupted decision."
The White House declined to comment, referring questions to the Justice Department. The Pentagon did not immediately comment.
Microsoft said in a statement Tuesday "career procurement officials at the DoD decided that given the superior technical advantages and overall value, we continued to offer the best solution."
5. #HONDA MOTOR CO:- Honda Motor Co said on Tuesday it was recalling 1.79 million vehicles worldwide in four separate campaigns, including some linked to reported fires.
The recalls cover 1.4 million vehicles in the United States.The Japanese automaker said one recall covers 268,000 2002-2006 model year CR-V vehicles in the United States to replace power window master switches. Honda said there had been no reported injuries, but 16 fires reported related to the issue.
Honda conducted a prior recall of the power window master switches in 2012. The new recall is in response to moisture-related failures of switches repaired under the previous campaign.
TOP 5 STOCKS TO WATCHOUT:-
1.#ANT Group:- China's Ant Group on Thursday said it has received a meeting notice from regulators, and will strictly comply with all regulatory requirements.
China's financial watchdogs including the central bank and banking and insurance regulator said will conduct regulatory talks with Ant Group within the next few days, while the country's market regulator on Thursday said it has launched an investigation on the group for alleged monopoly conduct.
2. #SAP:- Survey-software seller Qualtrics International Inc, owned by business software group SAP, filed for a U.S. initial public offering of up to $100 million on Monday, with tech stocks largely outperforming the broader market this year.
Qualtrics, which SAP bought for $8 billion two years ago, will have two classes of common stock upon completion of the offering, with SAP America Inc set to own all 423.2 million Class B shares and remain the controlling shareholder.
The company also said it had applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol "XM" and expects the IPO price to be between $20 and $24 apiece.
Total revenue of Qualtrics, which gathers real-time feedback from customers to help analyse how a firm's products or services are performing, rose about 32% to $550 million in the nine months ended Sept. 30.
3. #IBM :- IBM Corp has agreed to pay $24.25 million to resolve a pair of investigations by the Federal Communications Commission(FCC) over subsidies awarded to connect schools and libraries to broadband.
IBM payment will resolve two FCC investigations that have spanned nearly 15 years over its alleged violations of "E-Rate" program rules in connection with New York City and El Paso school districts. Under the agreement, IBM agreed to return $24.25 million to the Universal Service Fund that funds the E-Rate program, but did not admit wrongdoing.
The FCC said its investigations found IBM had not satisfied the competitive bidding rules in New York for 2005-2008 and provided ineligible equipment and services in El Paso for 2001.
4. #NOKIA:- Telecom Italia has decided to retain Nokia as a supplier and reduce Huawei's share of a planned purchase of equipment for building a 5G network, three sources close to the matter told Reuters, amid pressure to exclude the Chinese firm on security concerns.
The United States has lobbied Italy and other European allies to avoid using Huawei's equipment alleging it could pose a security risk - a charge Huawei has rejected. Italy has so far declined to ban Huawei outright.
Former national phone company Telecom Italia (TIM) at the beginning of this year was considering dividing a supply contract for the radio access network (RAN) part of its 5G build-out between Huawei and Sweden's Ericsson.
5. #GOOGLE:- Alphabet Inc's Google this year moved to tighten control over its scientists' papers by launching a "sensitive topics" review, and in at least three cases requested authors refrain from casting its technology in a negative light, according to internal communications and interviews with researchers involved in the work.
Google's new review procedure asks that researchers consult with legal, policy and public relations teams before pursuing topics such as face and sentiment analysis and categorizations of race, gender or political affiliation, according to internal webpages explaining the policy.
"Advances in technology and the growing complexity of our external environment are increasingly leading to situations where seemingly inoffensive projects raise ethical, reputational, regulatory or legal issues," one of the pages for research staff stated. Reuters could not determine the date of the post, though three current employees said the policy began in June.
1.#ANT Group:- China's Ant Group on Thursday said it has received a meeting notice from regulators, and will strictly comply with all regulatory requirements.
China's financial watchdogs including the central bank and banking and insurance regulator said will conduct regulatory talks with Ant Group within the next few days, while the country's market regulator on Thursday said it has launched an investigation on the group for alleged monopoly conduct.
2. #SAP:- Survey-software seller Qualtrics International Inc, owned by business software group SAP, filed for a U.S. initial public offering of up to $100 million on Monday, with tech stocks largely outperforming the broader market this year.
Qualtrics, which SAP bought for $8 billion two years ago, will have two classes of common stock upon completion of the offering, with SAP America Inc set to own all 423.2 million Class B shares and remain the controlling shareholder.
The company also said it had applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol "XM" and expects the IPO price to be between $20 and $24 apiece.
Total revenue of Qualtrics, which gathers real-time feedback from customers to help analyse how a firm's products or services are performing, rose about 32% to $550 million in the nine months ended Sept. 30.
3. #IBM :- IBM Corp has agreed to pay $24.25 million to resolve a pair of investigations by the Federal Communications Commission(FCC) over subsidies awarded to connect schools and libraries to broadband.
IBM payment will resolve two FCC investigations that have spanned nearly 15 years over its alleged violations of "E-Rate" program rules in connection with New York City and El Paso school districts. Under the agreement, IBM agreed to return $24.25 million to the Universal Service Fund that funds the E-Rate program, but did not admit wrongdoing.
The FCC said its investigations found IBM had not satisfied the competitive bidding rules in New York for 2005-2008 and provided ineligible equipment and services in El Paso for 2001.
4. #NOKIA:- Telecom Italia has decided to retain Nokia as a supplier and reduce Huawei's share of a planned purchase of equipment for building a 5G network, three sources close to the matter told Reuters, amid pressure to exclude the Chinese firm on security concerns.
The United States has lobbied Italy and other European allies to avoid using Huawei's equipment alleging it could pose a security risk - a charge Huawei has rejected. Italy has so far declined to ban Huawei outright.
Former national phone company Telecom Italia (TIM) at the beginning of this year was considering dividing a supply contract for the radio access network (RAN) part of its 5G build-out between Huawei and Sweden's Ericsson.
5. #GOOGLE:- Alphabet Inc's Google this year moved to tighten control over its scientists' papers by launching a "sensitive topics" review, and in at least three cases requested authors refrain from casting its technology in a negative light, according to internal communications and interviews with researchers involved in the work.
Google's new review procedure asks that researchers consult with legal, policy and public relations teams before pursuing topics such as face and sentiment analysis and categorizations of race, gender or political affiliation, according to internal webpages explaining the policy.
"Advances in technology and the growing complexity of our external environment are increasingly leading to situations where seemingly inoffensive projects raise ethical, reputational, regulatory or legal issues," one of the pages for research staff stated. Reuters could not determine the date of the post, though three current employees said the policy began in June.
TOP 5 STOCKS TO WATCHOUT:-
1.#AMAZON:- Amazon.com Inc on Monday said it was working to remove some QAnon products from its online marketplace, citing policies that prohibit offensive items or other inappropriate content.
The world's largest online retailer drew scrutiny for having apparel with QAnon insignia and related books up for sale days after QAnon followers joined last week's siege of the U.S. Capitol, which left five people dead.
QAnon backers have pushed conspiracies on social media based on web postings from the anonymous "Q," citing insider knowledge of U.S. President Donald Trump's administration. These include the baseless claim that Trump secretly is fighting a cabal of child-sex predators, among them prominent Democrats and figures in Hollywood.
2.#INTEL :-Intel Corp said on Monday it would ramp up the production of a new data center chip in the first quarter and that a new generation of chipmaking technology will become a key part of its output this year.
Intel, the biggest maker of central processor chips for both PCs and for the data center servers that power the internet, has struggled with delays in ramping up its current 10-nanometer semiconductor manufacturing process and its next-generation 7-nanometer process. The delays have allowed rivals such as Advanced Micro Devices Inc to gain market share.
3.#NOKIA:- Telecoms operator Tele2 will partner with Finland's Nokia for the deployment of its 5G core network in Sweden and the Baltics, it said on Monday.
The Swedish company said that the new core infrastructure will support both 4G and 5G connectivity, allowing higherspeeds and lower latencies.
Sweden, home to Nokia's rival Ericsson, said in October it would ban China's Huawei and ZTE from its 5G rollout due to security risks.
European countries have been tightening controls on Chinese firms building 5G networks following pressure from Washington, which alleges Huawei equipment could be used by Beijing for spying. Huawei has repeatedly denied being a national security risk.
4.#PAYPAL :PayPal Holdings Inc said on Monday it had blocked a Christian crowdfunding site, GiveSendGo, after it helped raise funds for people who attended last week's event in Washington when supporters of President Donald Trump stormed the Capitol.
The digital payments processor also confirmed to Reuters that it closed an account held by Ali Alexander, one of the organizers of the gathering. The news was reported earlier by Bloomberg, which cited an unidentified source.
Online platforms and social media companies are distancing themselves from, and taking action against, those that encouraged or engaged in last week's violence in the U.S. Capitol.
5. #GENERAL MOTORS :- General Motors Co , as part of a $27 billion initiative to match or surpass Tesla Inc in the electric vehicle sector, is working with "all the best startups" on next-generation EV battery technology while planning a big boost in production capacity for its new Ultium battery system, an executive said on Monday.
"We're partnering with some great companies," including Honda Motor and LG Chem, on electric vehicles and batteries, said Doug Parks, GM's executive vice president of global product development. But "we're also looking outside the company to startups to get on the front edge of that learning curve."
Parks, speaking at an investor conference, said GM continues to build its relationship with Honda, with whom the U.S. automaker is jointly developing several future electric vehicles.
"There's an opportunity for more," Parks said. "We could extend that relationship to other segments," including sharing combustion-engine vehicles and platforms with Honda.
1.#AMAZON:- Amazon.com Inc on Monday said it was working to remove some QAnon products from its online marketplace, citing policies that prohibit offensive items or other inappropriate content.
The world's largest online retailer drew scrutiny for having apparel with QAnon insignia and related books up for sale days after QAnon followers joined last week's siege of the U.S. Capitol, which left five people dead.
QAnon backers have pushed conspiracies on social media based on web postings from the anonymous "Q," citing insider knowledge of U.S. President Donald Trump's administration. These include the baseless claim that Trump secretly is fighting a cabal of child-sex predators, among them prominent Democrats and figures in Hollywood.
2.#INTEL :-Intel Corp said on Monday it would ramp up the production of a new data center chip in the first quarter and that a new generation of chipmaking technology will become a key part of its output this year.
Intel, the biggest maker of central processor chips for both PCs and for the data center servers that power the internet, has struggled with delays in ramping up its current 10-nanometer semiconductor manufacturing process and its next-generation 7-nanometer process. The delays have allowed rivals such as Advanced Micro Devices Inc to gain market share.
3.#NOKIA:- Telecoms operator Tele2 will partner with Finland's Nokia for the deployment of its 5G core network in Sweden and the Baltics, it said on Monday.
The Swedish company said that the new core infrastructure will support both 4G and 5G connectivity, allowing higherspeeds and lower latencies.
Sweden, home to Nokia's rival Ericsson, said in October it would ban China's Huawei and ZTE from its 5G rollout due to security risks.
European countries have been tightening controls on Chinese firms building 5G networks following pressure from Washington, which alleges Huawei equipment could be used by Beijing for spying. Huawei has repeatedly denied being a national security risk.
4.#PAYPAL :PayPal Holdings Inc said on Monday it had blocked a Christian crowdfunding site, GiveSendGo, after it helped raise funds for people who attended last week's event in Washington when supporters of President Donald Trump stormed the Capitol.
The digital payments processor also confirmed to Reuters that it closed an account held by Ali Alexander, one of the organizers of the gathering. The news was reported earlier by Bloomberg, which cited an unidentified source.
Online platforms and social media companies are distancing themselves from, and taking action against, those that encouraged or engaged in last week's violence in the U.S. Capitol.
5. #GENERAL MOTORS :- General Motors Co , as part of a $27 billion initiative to match or surpass Tesla Inc in the electric vehicle sector, is working with "all the best startups" on next-generation EV battery technology while planning a big boost in production capacity for its new Ultium battery system, an executive said on Monday.
"We're partnering with some great companies," including Honda Motor and LG Chem, on electric vehicles and batteries, said Doug Parks, GM's executive vice president of global product development. But "we're also looking outside the company to startups to get on the front edge of that learning curve."
Parks, speaking at an investor conference, said GM continues to build its relationship with Honda, with whom the U.S. automaker is jointly developing several future electric vehicles.
"There's an opportunity for more," Parks said. "We could extend that relationship to other segments," including sharing combustion-engine vehicles and platforms with Honda.
TOP 5 STOCKS TO WATCHOUT:-
1.#Amazon:- Amazon.com Inc was slapped with a class-action lawsuit on Thursday accusing the e-commerce giant of inflating the prices of ebooks in collusion with some publishers.
The lawsuit alleges that Amazon and the five largest U.S. publishers, collectively called the 'Big Five', agreed to price restraints that cause consumers to overpay for eBooks purchased from them through a retail platform other than Amazon.com. (https://refini.tv/2MXXVqs)
The lawsuit comes a day after Connecticut said it was investigating Amazon for potential anti-competitive behavior in its business selling digital books.
Amazon declined to comment.
About 90% of eBooks are sold through Amazon, the largest U.S. eBooks seller, the lawsuit claimed.
Law firm Hagens Berman, bringing the case, in 2011 filed a similar lawsuit against Apple Inc and the 'Big Five' over ebook prices.
2. #Google : Alphabet Inc's Google has removed some lending apps aimed at consumers in India from Play Store in an attempt to safeguard users, it said in a blog post on Thursday.
"We have reviewed hundreds of personal loan apps in India, based on flags submitted by users and government agencies," Suzanne Frey, Vice President, Product, Android Security and Privacy said in the post.
A recent investigation by Reuters found at least 10 lending apps on Play Store breached Google's rules on loan repayment lengths aimed at protecting vulnerable borrowers. It also found that a number of the lending apps also flouted central bank regulations designed to protect borrowers..
Google did not elaborate on the number of apps that had been taken down.
Google has contacted companies and asked them to clarify if they are compliant with the rules and regulations, failing which an app could be removed from the Play Store.
3.#GOLDMAN SACHS:-Goldman Sachs has partnered with card issuing startup Marqeta to build the U.S. bank's Marcus checking accounts set to launch this year, the companies said on Thursday.
The bank, an investor in California-based Marqeta, hopes that the partnership will enable it to create more personalized and feature-rich digital banking services for its customers, it said.
Launched in 2016, Marcus has allowed Goldman to diversify its revenue and funding sources by offering savings accounts and personal loans to retail customers. Until then, the bank had operated largely as an investment bank and trading house, relying on money from the wholesale market.
Goldman, which had amassed more than $96 billion in consumer deposits through Marcus as of September 2020, has been investing heavily in its retail business. It bought a personal finance app in 2018, launched a credit card with Apple Inc in 2019 and has been offering lucrative savings rates to draw in more customers.
It launched an app for Marcus a little over a year ago, finally meeting demand from frustrated smartphone users who had to view account information, make loan payments or balance transfers on the bank's website.
4. #NOKIA :- Nokia on Thursday partnered with Alphabet's Google Cloud unit to build 5G core network infrastructure and allow business customers to offer services such as smart retail and automated manufacturing.
Cloud computing units of big technology companies such as Microsoft and Amazon are also tying up with telecoms vendors ahead of deployment of 5G infrastructure to corner a share in new businesses the new technology might enable.
While Nokia will bring its 5G expertise, Google Cloud will serve as the platform for launching applications and assist customers in building an ecosystem of services.
"We will start to see some of these things in the live environment by the end of this year," Amol Phadke, Managing Director at Google Cloud.
1.#Amazon:- Amazon.com Inc was slapped with a class-action lawsuit on Thursday accusing the e-commerce giant of inflating the prices of ebooks in collusion with some publishers.
The lawsuit alleges that Amazon and the five largest U.S. publishers, collectively called the 'Big Five', agreed to price restraints that cause consumers to overpay for eBooks purchased from them through a retail platform other than Amazon.com. (https://refini.tv/2MXXVqs)
The lawsuit comes a day after Connecticut said it was investigating Amazon for potential anti-competitive behavior in its business selling digital books.
Amazon declined to comment.
About 90% of eBooks are sold through Amazon, the largest U.S. eBooks seller, the lawsuit claimed.
Law firm Hagens Berman, bringing the case, in 2011 filed a similar lawsuit against Apple Inc and the 'Big Five' over ebook prices.
2. #Google : Alphabet Inc's Google has removed some lending apps aimed at consumers in India from Play Store in an attempt to safeguard users, it said in a blog post on Thursday.
"We have reviewed hundreds of personal loan apps in India, based on flags submitted by users and government agencies," Suzanne Frey, Vice President, Product, Android Security and Privacy said in the post.
A recent investigation by Reuters found at least 10 lending apps on Play Store breached Google's rules on loan repayment lengths aimed at protecting vulnerable borrowers. It also found that a number of the lending apps also flouted central bank regulations designed to protect borrowers..
Google did not elaborate on the number of apps that had been taken down.
Google has contacted companies and asked them to clarify if they are compliant with the rules and regulations, failing which an app could be removed from the Play Store.
3.#GOLDMAN SACHS:-Goldman Sachs has partnered with card issuing startup Marqeta to build the U.S. bank's Marcus checking accounts set to launch this year, the companies said on Thursday.
The bank, an investor in California-based Marqeta, hopes that the partnership will enable it to create more personalized and feature-rich digital banking services for its customers, it said.
Launched in 2016, Marcus has allowed Goldman to diversify its revenue and funding sources by offering savings accounts and personal loans to retail customers. Until then, the bank had operated largely as an investment bank and trading house, relying on money from the wholesale market.
Goldman, which had amassed more than $96 billion in consumer deposits through Marcus as of September 2020, has been investing heavily in its retail business. It bought a personal finance app in 2018, launched a credit card with Apple Inc in 2019 and has been offering lucrative savings rates to draw in more customers.
It launched an app for Marcus a little over a year ago, finally meeting demand from frustrated smartphone users who had to view account information, make loan payments or balance transfers on the bank's website.
4. #NOKIA :- Nokia on Thursday partnered with Alphabet's Google Cloud unit to build 5G core network infrastructure and allow business customers to offer services such as smart retail and automated manufacturing.
Cloud computing units of big technology companies such as Microsoft and Amazon are also tying up with telecoms vendors ahead of deployment of 5G infrastructure to corner a share in new businesses the new technology might enable.
While Nokia will bring its 5G expertise, Google Cloud will serve as the platform for launching applications and assist customers in building an ecosystem of services.
"We will start to see some of these things in the live environment by the end of this year," Amol Phadke, Managing Director at Google Cloud.
3. #DELIVEROO:-Deliveroo shares rose on Wednesday, the first day retail investors could trade stock bought during the food delivery group's initial public offering (IPO), while some of the company's UK riders were expected to strike over fair pay.
At 0924 GMT on the first day of unrestricted trading, Deliveroo's shares were up 2.3% at 286.4 pence, but still about 25% lower than the IPO price, following a hefty first day tumble when it made its stock market debut in London last week.
Deliveroo was given an initial valuation of 7.6 billion pounds ($10.46 billion) through a 390 pence price tag per share.
"Though Deliveroo has risen...on the first day of trading available to retail investors, it’s too soon to tell whether this is a vote of confidence in the stock," said Connor Campbell, an analyst at Spreadex.
"The real test for the company is going to be the coming months, especially if a driver-strike does indeed go ahead."
Hundreds of Deliveroo riders were expected to strike on Wednesday, asking for fair pay and basic workers' rights, according to the Independent Workers' Union of Great Britain (IWGB).
A Deliveroo spokesperson said that in a survey carried out on Tuesday, 88% of riders said they were happy with the company.
4. #NOKIA-Finland's Nokia has settled a multi-year patent fight with China's Lenovo Group , the world's biggest PC maker, resolving all pending litigation across all jurisdictions, the companies said on Wednesday.
While terms of the cross-license agreement remain confidential, Lenovo will make a net balancing payment to Nokia, the Finnish telecom equipment maker said.
A Nokia spokesman declined to disclose the financial details.
Nokia launched its legal battle against Lenovo in 2019 over alleged infringement of 20 video-compression technology patents and had cases in the United States, Brazil and India, in addition to six cases in Germany.
Lenovo had also sued Nokia in a court in California.
A Munich court ruled in September that Lenovo infringed one of Nokia's patents, and it ordered an injunction and a recall of products from retailers.
"The global accord struck will enable future collaboration between our companies for the benefit of customers worldwide," said John Mulgrew, chief intellectual property officer of Lenovo.
Nokia's patent portfolio is composed of around 20,000 patent families, including over 3,500 patent families declared essential to the 5G technology standard.
5. #TOSHIBA-Toshiba Corp is considering a $20 billion offer from private equity firm CVC Capital Partners to take it private, a person familiar with the matter said, as the Japanese industrial conglomerate faces pressure from activist shareholders to improve governance.
The proposed deal, which comes three weeks after shareholders approved an independent probe into the scandal-hit company, could shield managers, particularly Chief Executive Nobuaki Kurumatani, from that scrutiny. It would, however, invite regulatory review given its government work.
"Toshiba received an initial proposal yesterday, and will ask for further clarification and give it careful consideration," Toshiba said in a statement, without providing further details.
Toshiba's board, which includes Kurumatani who joined Toshiba from CVC, and Yoshiaki Fujimori, a senior advisor at the private equity firm, will discuss the proposal on Wednesday, the source with knowledge of the proposal said.
Shares in Toshiba were untraded in morning trade with buy orders overwhelming sell orders.
CVC is considering a 30% premium over Toshiba's current share price in a tender offer, putting the value of the deal at nearly 2.3 trillion yen ($21 billion) based on Tuesday's closing share price of 3,830 yen, said the source, who declined to be identified as the matter is private.
LightStream Research analyst Mio Kato, who publishes on investment research platform Smartkarma, described that offer price as too low.
At 0924 GMT on the first day of unrestricted trading, Deliveroo's shares were up 2.3% at 286.4 pence, but still about 25% lower than the IPO price, following a hefty first day tumble when it made its stock market debut in London last week.
Deliveroo was given an initial valuation of 7.6 billion pounds ($10.46 billion) through a 390 pence price tag per share.
"Though Deliveroo has risen...on the first day of trading available to retail investors, it’s too soon to tell whether this is a vote of confidence in the stock," said Connor Campbell, an analyst at Spreadex.
"The real test for the company is going to be the coming months, especially if a driver-strike does indeed go ahead."
Hundreds of Deliveroo riders were expected to strike on Wednesday, asking for fair pay and basic workers' rights, according to the Independent Workers' Union of Great Britain (IWGB).
A Deliveroo spokesperson said that in a survey carried out on Tuesday, 88% of riders said they were happy with the company.
4. #NOKIA-Finland's Nokia has settled a multi-year patent fight with China's Lenovo Group , the world's biggest PC maker, resolving all pending litigation across all jurisdictions, the companies said on Wednesday.
While terms of the cross-license agreement remain confidential, Lenovo will make a net balancing payment to Nokia, the Finnish telecom equipment maker said.
A Nokia spokesman declined to disclose the financial details.
Nokia launched its legal battle against Lenovo in 2019 over alleged infringement of 20 video-compression technology patents and had cases in the United States, Brazil and India, in addition to six cases in Germany.
Lenovo had also sued Nokia in a court in California.
A Munich court ruled in September that Lenovo infringed one of Nokia's patents, and it ordered an injunction and a recall of products from retailers.
"The global accord struck will enable future collaboration between our companies for the benefit of customers worldwide," said John Mulgrew, chief intellectual property officer of Lenovo.
Nokia's patent portfolio is composed of around 20,000 patent families, including over 3,500 patent families declared essential to the 5G technology standard.
5. #TOSHIBA-Toshiba Corp is considering a $20 billion offer from private equity firm CVC Capital Partners to take it private, a person familiar with the matter said, as the Japanese industrial conglomerate faces pressure from activist shareholders to improve governance.
The proposed deal, which comes three weeks after shareholders approved an independent probe into the scandal-hit company, could shield managers, particularly Chief Executive Nobuaki Kurumatani, from that scrutiny. It would, however, invite regulatory review given its government work.
"Toshiba received an initial proposal yesterday, and will ask for further clarification and give it careful consideration," Toshiba said in a statement, without providing further details.
Toshiba's board, which includes Kurumatani who joined Toshiba from CVC, and Yoshiaki Fujimori, a senior advisor at the private equity firm, will discuss the proposal on Wednesday, the source with knowledge of the proposal said.
Shares in Toshiba were untraded in morning trade with buy orders overwhelming sell orders.
CVC is considering a 30% premium over Toshiba's current share price in a tender offer, putting the value of the deal at nearly 2.3 trillion yen ($21 billion) based on Tuesday's closing share price of 3,830 yen, said the source, who declined to be identified as the matter is private.
LightStream Research analyst Mio Kato, who publishes on investment research platform Smartkarma, described that offer price as too low.