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.