HELSINKI/FRANKFURT (Reuters) – Nokia reported higher than expected profits at its core Networks business on Thursday, on the back of strong sales in North America, but group profits took a knock from higher costs at its Technologies unit which handles its patents and develops new products.
The Finnish company, which sold its former flagship phones business to Microsoft last year, also proposed a smaller annual dividend increase than many analysts predicted, resulting in its shares dropping 4.8 percent in Helsinki trade at 0906 GMT.
FRANKFURT/PARIS, Jan 28 (Reuters) – STMicroelectronics
, Europe’s largest semiconductor maker, has predicted a
return to revenue growth in 2015, but gave few signs of reaping
the anticipated currency benefits that have helped propel the
stock 21 percent higher this month.
“Our main objective during 2015 is to continue to deliver
year-over-year improvement, by returning to revenue growth and
by continuing to improve our cost structure,” Chief Executive
Carlo Bozotti said in a statement.
FRANKFURT (Reuters) – Facebook, the world’s largest social network, and its Instagram photo-sharing site, suffered temporary outages around the world for up to an hour on Tuesday and the company said later that an internal software networking error was to blame.
The outage at Facebook appeared to spill over and temporarily slow or block traffic to other major Internet sites, according to web and mobile user reports from around the globe.
FRANKFURT (Reuters) – German software maker SAP (SAPG.DE: Quote, Profile, Research) on Monday reported an accelerating shift by business customers to Internet-based cloud software as it eked out a 1 percent rise in operating profit for the fourth quarter, easing fears of further margin declines.
SAP reported operating profit, excluding special items, of 2.13 billion euros ($2.5 billion), broadly in line with an average forecast of 2.15 billion euros, according to a Reuters poll of analysts.
LONDON/HELSINKI (Reuters) – Two of Europe’s top three remaining telecommunications equipment companies, Nokia Networks (NOK1V.HE: Quote, Profile, Research, Stock Buzz) and Alcatel-Lucent (ALUA.PA: Quote, Profile, Research, Stock Buzz), have revived talks on a possible merger, Germany’s Manager Magazin reported on Thursday, citing company sources.
The two companies could agree to merge or strike up a close cooperation, the magazine said, adding that the contacts had resumed in the autumn.
LONDON (Reuters) – IBM aims to expand the number of data centers it offers clients around the world by 25 percent to meet fast-rising demand for internet-based services, after what a company executive said has been a “breakthrough year” in 2014 for its cloud computing business.
IBM has quadrupled the number of cloud data facilities it offers around the world to 49 in the past 18 months, responding in part to laws requiring the local retention of data following revelations over U.S. government Web surveillance as well as increased corporate compliance rules.
LONDON (Reuters) – German ecommerce investor Rocket Internet is backing online apartment rental firm Nestpick as the start-up expands into four European countries, aiming to connect landlords with tenants and put real estate agents out of a job.
Nestpick said on Tuesday it was expanding into 14 cities in Britain, France, Italy and Spain, seeking to do for medium-term property rentals what AirBnB has done to transform the market for short-stay rentals for holiday and business travelers.
LONDON (Reuters) – Google said it plans to close
its news-linking service in Spain in response to legislation
under which publishers will soon be able to force Internet sites
to pay for re-publishing headlines or snippets of news.
In a statement, the search giant said the new law makes the
Google News service unsustainable and that it will remove
Spanish publishers from Google News sites worldwide and shut
down this service in Spain on 16 December.
LONDON (Reuters) – Google said it was closing its news-linking service in Spain next week due to new legislation under which publishers can charge search engines for using their content.
In a statement, the global Internet search giant said the new law makes the Google News service unsustainable and that, “with real sadness”, it will remove Spanish publishers from Google News and shut down its service in Spain on 16 December.