Tag Archives: Standard and Poor’s

Nokia Reports $521 Million Loss

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If Nokia’s recent adventures in the smartphone market were a TV show, would it be Lost or Survivor?. The once-mighty handset maker has been experiencing some rough seas lately, as the market has shifted to Apple’s iOS and Google’s Android platforms. READ MORE »

Nokia CTO Takes Leave of Absence

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They say certain things come in threes. And the news that Nokia’s Chief Technology Officer Richard Green is taking a leave of absence can’t be good for business. First it was the demise of Symbian OS. Next came the drop is share prices. Then on Thursday Standard and Poor’s downgraded Nokia’s long-term credit rating to a BBB+, the second time it’s done so this year, reports The New York Times’s Matthew Saltmarsh. READ MORE »