United States

Supantha Mukherjee

Nokia shares jump after cull of low-margin business sees earnings beat

Jul 31 2020

HELSINKI/STOCKHOLM Finnish telecom network equipment maker Nokia reported an unexpected rise in second-quarter underlying profit on Friday as it took on less low-margin business particularly in China, sending its shares up 13% in early trade.

Spotify revenue misses as coronavirus deters advertisers

Jul 29 2020

STOCKHOLM/NEW YORK Spotify Technology SA missed quarterly revenue expectations on Wednesday and forecast a soft current quarter, due mainly to a decline in ads as the COVID-19 pandemic kept advertisers at bay.

LinkedIn cuts 960 jobs as pandemic puts the brakes on corporate hiring

Jul 21 2020

Microsoft Corp's professional networking site LinkedIn said on Tuesday it would cut about 960 jobs, or 6% of its global workforce, as the coronavirus pandemic is having a sustained impact on demand for its recruitment products. | Video

Rise in 5G sales buoys Ericsson's quarterly profit

Jul 17 2020

STOCKHOLM A rise in 5G network sales and software revenue helped Ericsson report higher-than-expected quarterly core earnings on Friday, when it said it was sticking to its financial targets for 2020 and 2022.

UK ban on Huawei opens door for competitors, although consumer may pick up tab

Jul 16 2020

Britain's decision to ban China's Huawei Technologies [HWT.UL] from next-generation 5G telecom networks is the latest blow to the global leader in telecom equipment and could help lay the groundwork for broader changes in the industry.

Spotify expands to Russia and 12 other countries

Jul 14 2020

Spotify Technology SA on Tuesday launched its music streaming service in Russia, the fastest growing international market for music, and 12 other regions as part of its expansion strategy after breaking into India last year.

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