The U.S.-listed home appliance maker, which currently has a 51% stake in the India unit, said it estimates net cash proceeds of $550 million to $600 million from the sale, which it expects to close by mid-to-late 2025. The company will remain Whirlpool of India's largest shareholder, followed by a number of mutual funds with stakes of less than 10%. Whirlpool Corp sold a 24% stake in the Indian unit for about $468 million last year and the latest sale comes as it aims to pay off a major chunk of its debt amid a major rejig of its global assets, including folding its European business into a new firm and selling its Middle Eastern and African businesses.
Nokia CorporationStock Exchange Release30 January 2025 at 8:10 EET Proposals by the Board of Directors to Nokia Corporation’s Annual General Meeting 2025Nokia Corporation’s Annual General Meeting will be held on Tuesday 29 April 2025 at 13:00 (EEST) at Finlandia Hall, Helsinki, Finland. The Board submits the following proposals to the Annual General Meeting. Complete proposals are available as of today at www.nokia.com/agm2025. The notice of the Annual General Meeting with more detailed informat
Finland's Nokia on Thursday reported a stronger than expected 38% rise in fourth-quarter adjusted operating profit helped by higher sales of telecom equipment to mobile operators in North America and India, and forecast an upbeat 2025. Net sales rose 10% to 5.98 billion euros ($6.23 billion), beating estimates of 5.74 billion euros. The company said sales at its network Infrastructure business rose 17% due to a strong recovery in demand from communication service providers, notably in North America.
Risks to the U.S. stock market are piling up as cracks emerge in the technology trade and the path for interest rates is clouded by persistent inflation worries that are being exacerbated by the potential for looming tariffs. Mixed results from megacap companies Microsoft, Tesla and Meta Platforms on Wednesday threatened to add to volatility following ruptures earlier in the week in the artificial intelligence trade that has helped propel tech's stock market leadership. The Federal Reserve also paused its rate-cutting cycle on Wednesday -- a decision that investors had been bracing for.
Nokia CorporationFinancial Statement Release30 January 2025 at 08:00 EET Nokia Corporation Financial Report for Q4 and full year 2024 Strong Q4 growth and profitability as market trends improve Q4 net sales increased 9% y-o-y in constant currency (10% reported). Network Infrastructure net sales grew strongly with all units contributing, Nokia Technologies grew significantly and Cloud and Network Services also grew in Q4.Comparable gross margin in Q4 increased by 250bps y-o-y to 47.2% (reported i
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