Boston, MA 02/25/2014 (wallstreetpr) – Nokia Corporation (ADR) (NYSE:NOK) maintained rally on positive territory Monday after the company announced a fresh line of affordable smartphones. Rumors had initially indicated that the company was working on a powerful phone that runs on Android. But while what was unveiled at the Mobile World Congress was not a far cry, it was surprising that the company was actually preparing three versions of low-cost smartphones for the market. The three phones are intended for emerging markets and more so to introduce Nokia and Microsoft Corporation (NASDAQ:MSFT) services to smartphone users. The phones are called Nokia X, Nokia X plus and Nokia XL. The phones carry a price tag in the range of 89 to 109 euros. The phones run a tweaked version of Android, but lacks Google Inc (NASDAQ:GOOG) apps, instead features a variety of Microsoft and Nokia services and apps. Nokia Corporation (ADR) (NYSE:NOK) is going to Microsoft in a sales deal valued at roughly $7.3 billion.
eBay Inc (NASDAQ:EBAY) and investor Carl Icahn are not just about to put down guns. Mr. Icahn is worried that EBAY management has accountability questions to answer. In fact, he identifies two board directors of the company as also being involved in advising and investment in companies that compete directly with EBAY, and that is does not please. And it shouldn’t please any other investor. The latest attack on EBAY by Mr. Icahn was contained in an open letter to shareholders of the stock. Mr. Icahn didn’t spare EBAY CEO John Donahue, whom he said lacks knowledge of what is going on around him. But as usual, EBAY doesn’t take such attacks on its leadership lying down and promptly sought to put Mr. Icahn and his narrative where they think they belong.
eBay Inc (NASDAQ:EBAY) said that Mr. Icahn has picked a lot of news out of context and that is what ails him.
Citigroup Inc (NYSE:C) was on gaining grounds Monday. The ticker boosted its market value by almost 1.5 percent to perch at $48.98. The company recently announced a fat compensation for its CEO but there have been a lot of chatter about that. Investors and analysts question the rationale in such moves. And a lot of talks around the person of Citigroup Inc (NYSE:C)’s CEO boards on lack of vision. Investors want Mr. Michael Corbat to go for revenue increase as he curbs risks.
