On Tuesday, Shares of Nokia Corporation (ADR) (NYSE:NOK), gained 3.41% to $6.37.
Nokia and China Huaxin Post & Telecommunication Economy Development Center have signed a memorandum of understanding confirming their intention to combine Nokia’s telecommunications infrastructure businesses in China and Alcatel-Lucent Shanghai Bell into a new joint venture. As agreed under the MoU, Nokia anticipates holding 50% plus 1 share in the new joint venture, with China Huaxin holding the remaining shares. Fair value compensation would be received for the contribution of relevant assets to the joint venture.
The new joint venture is conditional on and would be formed after the closing of Nokia’s planned combination with Alcatel-Lucent, at which point Nokia would own 50% plus 1 share of ASB. The new joint venture is predictable to be a strong national asset based in China capable of delivering value for both parties. Nokia China and ASB are leaders in the Chinese telecommunications infrastructure market and both are long-standing contributors to the development of China and innovation in the country.
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 Baker Hughes Incorporated (NYSE:BHI), inclined 1.43% to $54.02, during its last trading session.
Baker Hughes Incorporated, declared that the international rig count for August 2015 was 1,137, up 19 from the 1,118 counted in July 2015, and down 202 from the 1,339 counted in August 2014. The international offshore rig count for August 2015 was 270, up 6 from the 264 counted in July 2015, and down 45 from the 315 counted in August 2014.
The average U.S. rig count for August 2015 was 883, up 17 from the 866 counted in July 2015, and down 1,021 from the 1,904 counted in August 2014. The average Canadian rig count for August 2015 was 206, up 23 from the 183 counted in July 2015, and down 193 from the 399 counted in August 2014.
Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide. The company offers drilling and evaluation products and services, which comprise drill bits for performance drilling, hole enlargement, and coring; conventional and rotary steerable systems used to drill wells; measurement-while-drilling and logging-while-drilling systems to perform reservoir navigation services; drilling optimization services; tools for coil tubing drilling and wellbore re-entry systems; coring drilling systems; surface logging; emulsion and water-based drilling fluids systems; reservoir drill-in fluids; and fluids environmental services
Finally, Ciena Corporation (NYSE:CIEN), ended its last trade with 1.91% gain, and closed at $22.94.
Ciena Corporation, declared its predictable participation in the following forthcoming events with the financial community. These events will be webcast live and recorded. Archived versions will be made available about one hour following the presentation of the live events in the Investors section of Ciena’s website at www.ciena.com.
- 2015 Citi Global Technology Conference
New York, NY
Wednesday, September 9, 2015 @ 8:45 a.m. Eastern Time (5:45 a.m. Pacific Time)
Speaker: Gary Smith, President, and CEO
- Deutsche Bank 2015 Technology Conference
Las Vegas, NV
Thursday, September 17, 2015 @ 1:20 p.m. Eastern Time (10:20 a.m. Pacific Time)
Speaker: Rick Dodd, Senior Vice President, Product Marketing
Ciena Corporation provides equipment, software, and services that support the transport, switching, aggregation, service delivery, and administration of voice, video, and data traffic on communications networks worldwide.
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