On Thursday, Shares of Nokia Corporation (ADR) (NYSE:NOK), gained 0.60% to $6.73.
Nokia declared that it has received approval from the European Commission for its pending acquisition of Alcatel-Lucent. The projected transaction was notified to the European Commission on June 19, 2015 and was cleared recently without conditions following a Phase 1 review.
Approval by the European Commission follows formerly revealed antitrust clearances in Brazil and Serbia and the expiration of the antitrust review period in the United States. In addition, the parties confirmed they have received further antitrust clearances from Albania, Canada, Colombia and Russia. Both companies will continue to cooperate with the remaining authorities to close their reviews as quickly as possible.
Nokia Corporation, together with its auxiliaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally.
Shares of International Business Machines Corp. (NYSE:IBM), inclined 0.84% to $161.70, during its last trading session.
IBM, declared the acquisition of San Mateo, CA-based Compose, Inc., a privately held company that provides MongoDB, Redis, Elasticsearch, PostgreSQL, and other database as a service (DBaaS) offerings targeted at web and mobile app developers. The acquisition furthers IBM’s commitment to accelerating developer productivity and innovation around open source and cloud data services. Financial terms were not revealed.
The cloud database arena is projected to be worth $14 billion by 2019, and open source databases like MongoDB are a noteworthypart —and rapidly growing portion —of this sector. Driving this popularity among developers is the ability to make web and mobile applications easy to build and grow, without the distraction and monotony of back-end database and systems administration. Thousands of clients across a variety of industries, counting retail, IoT, higher education, marketing services and ecommerce have created over 100,000 databases with Compose.
International Business Machines Corporation provides information technology (IT) products and services worldwide. The company’s Global Technology Services segment provides IT infrastructure and business process services, such as outsourcing, processing, integrated technology, cloud, and technology support.
Finally, Xylem Inc (NYSE:XYL), ended its last trade with -0.89% loss, and closed at $34.67.
Xylem, declared that Michael T. Speetzen, Senior Vice President and Chief Financial Officer, has resigned his position with the Company to accept another chief financial officer position, effective July 30, 2015. Mr. Speetzen will continue to serve as Xylem’s Chief Financial Officer through the Company’s second quarter earnings declaration and 10-Q filing on July 30, 2015.
Shashank Patel, a 19-year veteran of the Company and its former parent, will serve as interim Chief Financial Officer (CFO) while the Company conducts a search for a permanent successor. Mr. Patel presently serves as CFO and Vice President, Finance for Xylem’s Applied Water Systems division, where he leads financial planning, accounting and controls for this global business. Since 1996, he has served in a number of leadership roles in finance, operations and engineering at the Company.
Xylem Inc. engages in the design, manufacture, and application of engineered technologies for the water and wastewater applications. The company operates in two segments, Water Infrastructure and Applied Water.
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