Nokia Earnings Show Some Bright Spots

Nokia’s second-quarter earnings report had a couple of bright spots but was mostly concerning as the firm’s mobile phone business continues to languish.  The favorable view of Nokia’s pending acquisition of the remainder of its Nokia Siemens Networks (NSN) joint venture is mostly offset by a rapidly deteriorating basic phone market and only modest Windows Lumia phone adoption to date. Nokia sold 7.4 million Lumia … Continue reading Nokia Earnings Show Some Bright Spots

Shutdowns No Problem Long Term For WPL

Woodside Petroleum reported reduced second-quarter production, after planned shutdowns of the Pluto LNG (liquefied natural gas) plant and North West Shelf (NWS) Train 2. However, production was below expectations after a subsequent unplanned shutdown at Pluto. Processing has since resumed, but not before a revision to 2013 group production guidance of 1% to 10%, from between 88 and 94 million barrels of oil equivalent (mmboe) … Continue reading Shutdowns No Problem Long Term For WPL