Tag Archive: Downgraded

Nokia Credit Downgraded to ‘Junk’

As†reported earlier this week, Nokia is planning a massive rollback of its workforce. By the end of 2013, 10,000 current Nokia workers will find themselves out of a job. Nokia Chief Executive Stephen Elop called the forthcoming cuts essential. “These planned reductions are a difficult consequence of the intended actions we believe we must take to ensure Nokia’s long-term competitive strength,” he said. “We do not make plans that may impact our employees lightly, and  [Read More…]

Apple Shares Suffer Crazy Mood Swings On The First Day Of Trading After US Credit Rating Downgraded

Many thought the first trading day after Standard & Poorís downgraded the U.S. creditworthiness to AA+ would elicit some reaction from Wall Street. However, Monday has been crazy on the big board, with Apple leading other shares for wild swings. Traders placed per-share options as low as $ 335 to as high as $ 400 30 minutes afters the dayís open, as the Cupertino, Calif. tech giant became the most-active stock,  [Read More…]