Nokia Corporation (ADR) (NYSE:NOK) moved up 5.56% to $2.94 on a traded volume of 1.81 million shares. Nokia Siemens Networks is in discussion with a variety of companies in an effort to sell its business support systems unit. According to report from Reuters, chief executive of Nokia Siemens, Rajeev Suri said that the Company is looking to channel some product lines and will focus on mobile broadband.
Sohu.com Inc (NASDAQ:SOHU) went up 4.44% to $42.82. Citigroup started coverage on the stock with a buy rating and the price target is set at $63.70.The Company is a Chinese online media, search, gaming, community and mobile service group.
Nordstrom Inc (NYSE:JWN) is up marginally 0.38% to $57.99. The Company will enter Canada through a partnership with The Cadillac Fairview Corp Ltd. The Cadillac Fairview Corp Ltd is one of North America’s leading developers. Nordstrom will be taking multiple sites through Cadillac Fairview, the publication said.
Vanguard Natural Resources LLC (NYSE:VNR) decreased 4.08% to $27.51 on a traded volume of 408k shares. The company has started a public offering of 6,000,000 common units representing limited liability company interests in the Company. The Company will grant the underwriters a 30-day option to purchase up to an additional 900,000 common units. The Company plans to use the net proceeds from the offering to repay a portion of its indebtedness outstanding under its senior secured revolving credit facility.
Teekay Offshore Partners L.P. (NYSE:TOO) plunged 4.90% to $27.35 on a traded volume of 330k shares. The Company intends to offer 7,000,000 common units, representing limited partner interests, in a public offering. Teekay Offshore expects to grant the underwriters a 30-day option to purchase up to 1,050,000 additional common units to cover over-allotments, if any. The Company expects to use the net proceeds from the public offering to partially finance the purchase price of the Voyageur Spirit FPSO unit that the Partnership has agreed to acquire from Teekay Corporation.