Some of the names on the move ahead of the open.» Read More
As the Fed begins its two-day policy meeting Tuesday, markets will get a look at how consumers behaved just before the government shut down.
HELSINKI, Oct 28- Nokia's third-quarter results are expected to underscore dire conditions which prompted the company to sell its handset business to Microsoft, with analysts forecasting an 18 percent fall in net sales, according to a Reuters poll.
Bulls face a trio of challenges: The Fed, earnings from some big names and delayed data due to the shutdown. Will they keep running or lie down?
SEATTLE, Oct 24- Microsoft Corp cruised past Wall Street's quarterly profit and revenue forecasts on Thursday, helped by strong sales of its Office and server software to businesses, sending its shares up 6 percent after hours.
STOCKHOLM, Oct 24- Ericsson's turnaround drive was thrown into doubt on Thursday as the world's biggest mobile networks maker missed third-quarter profit forecasts and said sales were coming under pressure in the United States and Japan.
*Samsung SDI shares drop 8 pct. Oct 23- Samsung Electronics Co Ltd moved to tighten its grip on vital electronics parts supplies as it looks to stay ahead of rival Apple Inc with new products in a fast changing technology industry.
Ajay Sunder, Senior Director at Frost & Sullivan says Apple's competitors are innovating more and eating into their tablet market share.
David Garrity, Principal at GVA Research says that Apple appears to be positioning itself as a premium product.
Oct 22- Corning Inc said it would buy out Samsung Display's stake in their LCD glass joint venture in a deal that could see the Samsung Electronics Co Ltd subsidiary take a 7.4 percent share in the Gorilla Glass maker.
Stocks recovered from session lows to close higher Tuesday, with the S&P 500 hitting a new high above 1,750, after the tepid September jobs report gave further evidence to investors that the Federal Reserve will continue to support the economy at the current pace.
Take a look at some of Tuesday's midday movers:
European shares closed higher following the latest U.S. jobs report.
JOHANNESBURG, Oct 22- Millions of mobile phones are shipped to Africa every month, but a South African company hopes to rival the likes of Samsung and Nokia with home-grown smartphones tailored to African needs.
Ian Fogg, senior analyst and head of mobile at IHS, comments on Nokia following its unveiling of six new products, and expects the smartphones to go head-to-head with Samsung and Sony.
Nokia revealed six new products on Tuesday in Dubai, including smartphones and tablets, but Stephen Elop said the unveiling was unrelated to the Microsoft acquisition, reports CNBC's Yousef Gamal El-Din.
Oct 22- Activist investor Daniel Loeb's Third Point LLC said it took a stake in Nokia Oyj late in the third quarter ended Sept. 30. Third Point said it "seized an opportunity to create new Nokia at a substantial discount to target value", following the Finnish phonemaker's decision to sell its devices and services business to Microsoft Corp..
U.S. stock index futures tread water on Tuesday, ahead of the publication of the government's delayed non-farm payrolls data for September.
*Lumia 2520 is Nokia's first tablet. ABU DHABI, Oct 22- Nokia has unveiled its first tablet and large-screen smartphones, which will form part of Microsoft's global push to become a leading player in consumer devices when it takes over the Finnish company's handset business.
Both Nokia and Microsoft - soon to be part of the same smartphone brand - have each released tablet devices on Tuesday.
Nokia unveiled its first tablet and two large-screen smartphones, known as phablets, at the annual Nokia World event in Abu Dhabi on Monday.