Nokia Corporation (ADR) (NYSE:NOK), the Finnish telecom giant, has launched a venture fund worth USD 100 million for the purpose of investing in auto technology all over the world including India. The automobile market is growing very rapidly and holds huge potential for technological advancement for being smart and intelligent. Nokia Corporation (ADR) (NYSE:NOK), shares after opening at $7.28 moved to $7.31 on last trade day and at the end of the day closed at $7.29. Company price to sales ratio in past twelve months was calculated as 1.56 and price to cash ratio as 2.14. Nokia Corporation (ADR) (NYSE:NOK), showed a negative weekly performance of 2.80%.
On April 30, 2014, ORBCOMM Inc (NASDAQ:ORBC),, a global provider of Machine-to-Machine (M2M) solutions, announced that it will launch six next generation OG2 satellites from Cape Canaveral Air Force Base in Florida aboard a dedicated SpaceX Falcon 9 rocket scheduled for the morning of May 10, 2014. ORBCOMM Inc (NASDAQ:ORBC), shares fell 1.15% in last trading session and ended the day on $6.00. ORBCOMM Inc (NASDAQ:ORBC), return on equity ratio is recorded as 2.50% and its return on assets is 1.80%. ORBCOMM Inc (NASDAQ:ORBC), yearly performance is 30.15%.
On May 05, 2014, Fidelity National Information Services (NYSE:FIS), the world’s largest provider of banking and payments technology, announced that its subsidiary, FIS Wealth Management Services, Inc., has signed a definitive agreement to acquire Atlanta-based Reliance Financial Corporation including its subsidiaries Reliance Trust Company, Reliance Trust Company of Delaware and Reliance Integrated Solutions LLC. Fidelity National Information Services (NYSE:FIS), shares moved up 0.02% in last trading session and was closed at $53.72, while trading in range of $ 53.39 – 54.04. Fidelity National Information Services (NYSE:FIS), year to date (YTD) performance is 0.52%.
On May 06, 2014, Amazon.com, Inc. (NASDAQ:AMZN), and Twitter, Inc. (TWTR) have announced a partnership in which users can add products to their Amazon shopping cart through their Twitter account. Amazon.com, Inc. (NASDAQ:AMZN), weekly performance is -3.75%. On last trading day company shares ended up $292.71. Amazon.com, Inc. (NASDAQ:AMZN), distance from 50-day simple moving average (SMA50) is -14.08%. Analysts mean target Price for the company is $419.33.