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  • *Audi, BMW, Mercedes to buy Nokia's HERE. FRANKFURT/ HELSINKI, Aug 3- German carmakers BMW, Audi and Mercedes, will pay around 2.5 billion euros to buy Nokia's maps business, a transformational deal that will help them to develop self-driving cars. Daimler BMW and Audi will each hold an equal stake in the business, known as HERE, keeping it from falling into the hands of a...

  • BERLIN— A consortium of German automakers Audi, BMW and Daimler announced Monday it is buying Nokia Corp.' s HERE map business in a deal that values the unit at 2.8 billion euros and secures their access to technology that could eventually be used for driverless cars. Nokia, based in Finland, has refocused its business on producing equipment for wireless networks...

  • PARIS/ HELSINKI, July 30- Shares in telecom network gear makers Nokia and Alcatel-Lucent jumped on Thursday after both posted strong second-quarter results, giving a positive signal ahead of their pending merger. Nokia's 15.6 billion euro acquisition of Alcatel-Lucent announced in mid-April aims to position the company to better compete with market...

  • HELSINKI— Nokia enjoyed a solid 60 percent rise in net profit in the second quarter, with a good performance in its core networks division suggesting the Finnish company is succeeding in turning its business around since selling its handsets operation to Microsoft in 2013.. The profit of 347 million euros beat expectations and Nokia's stock jumped more than...

  • PARIS, July 30- Telecom network equipment maker Alcatel-Lucent posted second-quarter sales slightly lower than expectations and announced the September departure of its chief executive ahead of being bought by rival Nokia. Getting to free cash flow positive remains the key goal of Alcatel-Lucent in the turnaround plan launched by Chief Executive Michel...

  • PARIS, July 29- A Paris commercial court gave U.S. group XPO Logistics the green light on Wednesday to proceed with its post-purchase integration of French transport firm Norbert Dentressangle, throwing out an injunction sought by a U.S. hedge fund. The court also rejected XPO's request to extend a temporary injunction barring Elliott Capital Advisors from...

  • Nokia launches virtual reality camera Wednesday, 29 Jul 2015 | 3:58 AM ET

    HELSINKI, July 29- Finland's Nokia, once the world's largest phone maker, has unveiled a spherical camera designed for making 3 D movies and games that can be watched and played with virtual reality headsets. Nokia is going through restructuring after selling its mobile phone business to Microsoft last year and following that up with a proposed 15.6 billion...

  • EU approves Nokia acquisition of Alcatel-Lucent Friday, 24 Jul 2015 | 6:05 AM ET

    BRUSSELS— The European Union has approved the 15.6 billion-euro acquisition of ailing French telecom company Alcatel-Lucent by Finland's Nokia Corporation following an investigation into whether the deal broke competition rules. The EU's executive Commission said Friday that there was enough difference between the two firms to not raise major...

  • FRANKFURT/ BERLIN, July 21- Germany's premium car makers are close to a deal to buy Nokia's HERE map business for between 2.5 billion and 3 billion euros, but a final agreement hinges on the question of who owns the patents which help self-driving cars talk to mobile networks, two sources familiar with the deal told Reuters on Tuesday. The purchase of HERE, which has...

  • *Says network business in North America stabilizes in Q2. "There's probably an element of relief in the share price move, particularly around comments on North America," Jefferies analyst Robert Lamb said, adding that cost cuts pointed to further improvement of profitability ahead. The Swedish firm also reported sales growth from the fast roll-out of 4 G...

  • Talks between Nokia and BMW, Daimler and Volkswagen over the sale are ongoing but have reached a difficult stage as important details such as price and structure are finalised, two auto industry sources and two financial sources said. BMW, Daimler and Audi declined to comment. That gives BMW, Daimler's luxury brand Mercedes and VW's premium brand Audi some...

  • STOCKHOLM, June 15- Ericsson, the world's largest maker of mobile telecoms equipment, has decided following a management review that the business can expand without pursuing major acquisitions, its chief strategy officer said in an interview. Investment analysts have suggested Ericsson could buy U.S. group Juniper, to expand in Internet routing, or...

  • Alcatel's Combes to join Altice - Challenges magazine Thursday, 11 Jun 2015 | 5:03 AM ET

    PARIS, June 11- Alcatel-Lucent Chief Executive Michel Combes will leave the group that he is selling to Nokia on July 15 and join billionaire Patrick Drahi's Altice holding company from September, Challenges magazine reported. Combes will in particular be responsible for the development of telecoms group Altice in Europe, the French magazine reported.

  • *Company raised $5 million from cyber security fund Team8. TEL AVIV, June 9- Israeli start-up Illusive Networks says it can foil cyber hackers by lulling them into thinking they have found a way to steal data, which is actually fake. The company, founded by Ofer Israeli, previously a researcher at Israeli computer security pioneer Check Point Software, counts U.S....

  • NECKARSULM, Germany, May 22- The contest for Nokia's maps business has become a three-way race between German carmakers, a consortium including Uber and Baidu, and a third group including China's Tencent and Navinfo, people familiar with the process said. Finland's Nokia has started an auction of its maps business HERE while it completes its 15.6 billion euros...

  • FRANKFURT, May 21- Germany's premium carmakers Mercedes, Audi and BMW have teamed up with private equity firm General Atlantic to increase their firepower to acquire Nokia's mapping unit HERE, according to two people familiar with the matter. Finland's Nokia started a strategic review of its maps business last month, setting in motion an auction process that...

  • BEIJING, May 19- Hewlett-Packard Co has agreed to sell a controlling 51 percent stake in its China-based data-networking business, estimated to be worth more than $2 billion, to Tsinghua Unigroup, a spokesperson for the Chinese private equity fund's parent company said on Tuesday. Li Zhongxiang, a spokesman for state-backed Tsinghua Holdings, which controls...

  • FRANKFURT, May 8- German car companies may need help to compete with a wealthy field of bidders for Nokia's high-tech mapping unit HERE, as the entry of technology company Uber into the fray signals interest from deep-pocketed Silicon Valley players, bankers and executives close to the deal said. German auto makers Daimler, owner of Mercedes-Benz, BMW and...

  • May 8- Taxi service Uber has submitted a $3 billion bid for Nokia Oyj's map business HERE, the New York Times reported citing people with knowledge of the offer. Uber is competing against a consortium of automakers, including BMW, Audi and Mercedes-Benz, the newspaper said, citing people with knowledge of the offer. The book value of the unit is about 2 billion euros,...

  • Uber bids for Nokia's mapping service - NYT Thursday, 7 May 2015 | 6:19 PM ET

    May 7- Ride-hailing service Uber has submitted a bid for Nokia Oyj's map business, HERE, for as much as $3 billion, the New York Times reported, citing people with knowledge of the offer. Finland's Nokia said last month it had started a strategic review for HERE, a competitor to Google Maps, after announcing a takeover of network equipment rival Alcatel-Lucent.