Nokia Corporation (ADR) (NYSE:NOK), currently embroiled in an Indian Supreme Court tax case, said on Mar. 21 it has received a new 300 million euro ($414 million) sales tax bill from Tamil Nadu, a claim it considered “absurd”. According to the company, authorities in the southern state had alleged that handsets from Nokia’s Chennai plant were not exported but instead sold in India. Products exported from India are exempt from tax. Nokia said it had filed a writ with the Madras High Court in Chennai to contest the claim from Tamil Nadu’s tax department and expected a hearing on the case next week. Nokia Corporation (ADR) (NYSE:NOK) shares after opening at $7.41 moved to $7.46 on last trade day and at the end of the day closed at $7.31. Company price to sales ratio in past twelve months was calculated as 0.78 and price to cash ratio as 3.58. Nokia Corporation (ADR) (NYSE:NOK) showed a negative weekly performance of -3.05%.
Wired staff writer Marcus Wohlsen suggests that Tesla Motors Inc (NASDAQ:TSLA)’s very political battle could spill over into the presidential race. Candidates from both major parties have been jockeying for position in the fight. Republicans initially put up the biggest fight, but many of them seem to be changing their views—for one reason or another.Tesla Motors Inc (NASDAQ:TSLA) shares fell -3.39% in last trading session and ended the day on $212.96. TSLA return on equity ratio is recorded as -14.60% and its return on assets is -3.90%. Tesla Motors Inc (NASDAQ:TSLA) yearly performance is 462.49%.
Salesforce.com Inc (NYSE:CRM)’s executive Chuck Ganapathi, who was responsible for the company’s well-liked Chatter software, is to start a company which would focus on its core aim of managing business relationships.salesforce.com, inc. (NYSE:CRM) shares moved down -2.54% in last trading session and was closed at $55.21, while trading in range of $55.14-$57.21. salesforce.com, inc. (NYSE:CRM) year to date performance is 0.04%.
First Solar, Inc. (NASDAQ:FSLR) has underlined that the manufacturing cost for solar modules is going to fall substantially, even though natural gas prices continue to rise. First Solar CEO Jim Hughes said during ananalyst event that the company’s module costs will decline dramatically over the next five years.First Solar, Inc. (NASDAQ:FSLR) weekly performance is -1.31%. On last trading day company shares ended up $68.49. First Solar, Inc. (NASDAQ:FSLR) distance from 50-day simple moving average is 24.47%. Analysts mean target price for the company is $59.27.