Nokia’s grip on patents offers revenue potential after Microsoft deal
SAN FRANCISCO (Reuters) – Nokia may have sold its handset business to Microsoft but by hanging on to its valuable patent portfolio, the Finnish company can try to boost royalties by sueing Android phone makers, or unload the patents in a future deal.
Wells Fargo hires advisers from UBS, Morgan Stanley
(Reuters) – Wells Fargo & Co’s U.S. brokerage has expanded its private client group with veteran advisers from rival firms Morgan Stanley Wealth Management and UBS Wealth Management Americas.
Timing of bullish Nokia options trades raises questions
(Reuters) – A flurry of bullish bets on Nokia just before markets closed on Friday are in line to pay off handsomely as a result of Microsoft’s move to buy the Finnish company’s handset business, and has once again raised questions about suspicious tim…
Pension liability looms over U.S. states’ economies: group
WASHINGTON (Reuters) – Public pension liabilities in five U.S. states could represent more than 40 percent of their local economies, according to an analysis released on Tuesday by a conservative group that lowered the assumed rate of return for pensio…
Bumper Vodafone sale to help UK stocks
LONDON (Reuters) – Shares in other telecoms companies, stocks with high dividends and firms eyeing share sales may all get a boost when UK-focused fund managers redeploy cash from Vodafone’s sale of Verizon Wireless.
HSBC’s chief advisor Germany to lead global M&A unit
FRANKFURT (Reuters) – HSBC , Europe’s biggest bank, has picked Florian Fautz to head the group’s mergers and acquisitions unit, a spokesman for HSBC Germany said on Tuesday.
Verizon eyes overseas assets, spectrum, paying down debt
(Reuters) – Verizon Communications Inc said on Tuesday that it could expand internationally or buy more spectrum in coming years even while it pays down debt from its $130 billion purchase of Vodafone Group Plc’s 45 percent stake in Verizon Wireless.
New iPhone expected as Apple asks media to September 10 event
SAN FRANCISCO (Reuters) – Apple Inc on Tuesday sent official invitations to a September 10 event at which it is expected to unveil the latest version of the iPhone, possibly in colors other than its trademark black and white.
Hayman Capital takes 5.2 percent stake in J.C. Penney
NEW YORK (Reuters) – Kyle Bass is the latest hedge fund manager to take a big stake in struggling retailer J.C. Penney Co Inc now that Bill Ackman’s Pershing Square Capital Management has sold all its shares in the company.
U.S. manufacturing, construction data suggest growth pickup
NEW YORK (Reuters) – Stronger-than-expected data on U.S. manufacturing and construction spending on Tuesday hinted the world’s biggest economy was gaining traction, potentially supporting views the Federal Reserve will soon slow its massive bond-buying…
