HELSINKI Finnish mobile phone maker Nokia NOK1V.HE said on Thursday that it will receive more royalty payments from Microsoft (MSFT.O) than it pays to the software giant this year.
Nokia, which adopted Microsoft's Windows Phone software for its mobile phones in 2011, said its payments to Microsoft will exceed what it receives from the U.S. company by around $650.00 million over the remainder of the agreement to pay each other royalties.
(Reporting by Ritsuko Ando; editing by Keiron Henderson)
Allianz expects loss of around $224 million from sale of OLB
FRANKFURT, June 25 German insurer Allianz expects to book a loss of around 200 million euros ($224 million) from the sale of private bank Oldenburgische Landesbank to U.S. private equity firm Apollo, it said on Sunday.