Nokia shareholders approve sale of handset business to Microsoft
HELSINKI (Reuters) – Nokia shareholders approved the sale of the company’s mobile phone business to Microsoft, deciding the deal’s financial benefits outweighed objections by a minority of investors upset by the sale of a Finnish national asset.
EU takes step towards launching drone program
BRUSSELS (Reuters) – European states took a first step on Tuesday towards developing a drone that could challenge U.S. dominance of the unmanned aircraft sector.
Barclays names new head of Americas sponsors group -memo
NEW YORK (Reuters) – Barclays Plc has named Chris Sullivan as head of its financial sponsors group for the Americas, according to an internal memo.
Iraq strives to return to big oil output growth
LONDON (Reuters) – Iraq’s oil industry is poised for a second year of only modest growth in 2014, starting off slowly as extensive work at a major port curbs exports and red tape and violence prompt some oil firms to delay projects.
Norway needs to wean economy off oil: finance minister
OSLO (Reuters) – Weak productivity growth is the Norwegian economy’s biggest challenge and reducing reliance on its massive offshore oil sector is the new government’s main priority, finance minister Siv Jensen said on Tuesday.
Home Depot raises forecast as Americans spruce up homes
(Reuters) – Home Depot Inc raised its 2013 forecast for the third time this year as rising home prices encourage more Americans to invest in their properties and complete delayed projects.
Short-seller Chanos bearish on oil companies
NEW YORK (Reuters) – Short-seller Jim Chanos said Tuesday it is time for typical equity investors to be “a little more cautious” even as the stock market may continue to rise.
Lew says big budget deal unlikely without revenues
WASHINGTON (Reuters) – The Obama administration said on Tuesday that budget negotiators in Congress would probably fail to strike a far-reaching deal unless Republicans agree to raise revenues and overhaul the tax code.
Bombardier to sell 5 jets to Iraqi Airways for $387 million
DUBAI (Reuters) – Bombardier has signed a letter of intent to sell five CSeries jetliners to Iraqi Airways, the Canadian plane and train maker said on Tuesday.
Analysis: European telcos’ merger hopes help close Atlantic gap
PARIS/FRANKFURT (Reuters) – A rally in European telecom stocks has closed the big valuation gap with U.S. peers seen nine months ago, boosted by hopes that regulators will allow more mergers in the industry as it starts to recover from the bruising rec…
