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In a story that refuses to die quickly, Nokia Corporation (NYSE:NOK) (ADR) is again apologizing for presenting at the introduction of its new Lumia 920 – and also uploading to YouTube – a video purporting to be a demonstration of its new PureView optical image stabilization (OIS) technology. It also released a number of still images with the implication that...

Ford Motor Company (NYSE:F) continued to invest heavily in innovative products for the future even during the American auto industry’s crisis a few years ago. Now, Ford is betting the same policy will work in Europe, where trade and industry conditions are weakening and car sales are at their lowest point in 15 years. The company said it would launch 15 new or redesigned...

Shares of Facebook, Inc. (NASDAQ:FB) jumped in price after the company stated in an SEC filing that its CEO, Mark Zuckerberg, had no intention of selling any of his stock in the company for at least a year. The share price increase more than offset losses of the previous day, when the stock hit a record low of $17.55 during the day. Zuckerberg holds about 504 million...

Ford Motor Company (NYSE:F) plans for aggressive growth in the South Korean automobile market by introducing new luxury models and improving its brand image. CEO Alan Mulally said at a briefing in Seoul “South Korea is an important opportunity for Ford (to make inroads into). Ford will offer best-ever products and services in the class for South Korean consumers.” The...

A Johnson & Johnson (NYSE:JNJ), announced has reached an agreement with 36 states and the District of Columbia to settle claims related to promotional and marketing practices for its antipsychotic medication RISPERDAL®. Related to this matter, the Company will reimburse about $181 million, a quantity which has been earlier accumulated, as part of a permission ruling...

Nokia has decided to cut down the cost of its flagship model by one-half, barely 3 months after it was launched, as the firm tries to stanch the losses that it has been seeing due to a decreasing market share as compared to the rivals Apple Inc and Samsung Electronics Co. The price of the Nokia Lumia 900 windows Phone will be cut down from $99 to $49.99 with a 2 year agreement,...

After the US Jobs data proved to be disappointing last week, the investors will be looking for clues that the economy is not as weak as it appears as of now. In the upcoming week the economic data are coming out and investors will be closing looking at the same. The second-tier reports for the customer confidence is on the tap along with wholesale inflation, US exports...

ServiceNow, the IT software firm has priced its IPO above the expected price range of $18 , according to an underwriter with knowledge of the matter, In the first big technology IPO after Facebook went public in May, ServiceNow, the San Diego, California based firm managed to raise $209.7 million. While the company had intended to range the pricing at $15-$17, the pricing...

  Research in Motion Ltd or RIM is likely to run out of its cash reserves and head for a decline, notwithstanding the launch of the delayed BlackBerry 10 early next year, according to market experts. As many as 10 brokerage firms on the Wall Street have cut their target prices on the share of the firm, some of them slashing it by 50 %. This comes a day after the...

Stocks of JPMorgan Chase & Co slipped by another 4 % on Thursday amidst reports that the derivatives trade that had bungled for the firm , could run into as much as $9 billion for the beleaguered bank. The stocks were down the maximum compared to all other banking stocks and it was off further by $1.61 to $35.17 during the afternoon trade, having seen the low of $35.04...