Nokia Oyj has written to the Indian Prime Minister seeking an “amicable resolution” of its tax dispute in the country, the Finnish company said on Wednesday. Nokia Corporation (ADR) (NYSE:NOK), which was last year served with a tax demand of about $348 million, could have to pay as much as $3.5 billion, including potential claims, interest and penalties, if it loses a legal battle over the demand, a lawyer for the tax office said in December. Nokia Corporation (ADR) (NYSE:NOK) stock opened today at $7.38 and is currently trading at $7.37. The stock showed a positive weekly performance of 1.52%.
The sending technology company Neonode, Inc. (NASDAQ:NEON) reported a loss of 11 cents a share, worse than the Capital IQ Consensus Estimate of a loss of 8 cents a share. Revenue increased to $1 million from $0.55 million year over year but came up short of the Capital IQ Consensus Estimate of $1.2 million. Neonode, Inc. (NASDAQ:NEON) stock opened at $3.70, in current trading session and currently is at $3.70, by losing -0.80%. The 52 week range of $3.58 – $8.84. Company’s market capitalization is 140.43 million.
In order to help PC and smartphone users worldwide who are looking for simpler ways to improve their digital lives, Baidu (NASDAQ: BIDU), the world’s leading Chinese search engine and developer of award-winning PC, Web and mobile products, today announced the launch of its global PowerUP campaign. Baidu Inc. (ADR) (NASDAQ:BIDU) stock is currently trading at $157.95. The EPS of the stock is 4.54. Company’s market capitalization is 55.35 billion.
Research analysts at Oppenheimer lowered their price objective on shares of Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) from $13.00 to $10.00 in a report released on Friday, Analyst Ratings News reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 42.65% from the company’s current price. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) stock opened the session at $6.80, and now is at $7.01. The 52 week range of the Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) stock remained $4.76 – $16.15 and the day range was $6.76 – $7.05.
Qihoo 360 Technology Co. Ltd. (NYSE:QIHU), a leading Internet company in China, today announced its simultaneous signing and closing of definitive agreements to acquire controlling equity interests in MediaV, a leading precision advertising platform for PC and mobile Internet in China. Qihoo 360 Technology Co Ltd (NYSE:QIHU) stock opened today at $81.51 and is currently trading at $81.39. The stock showed a negative weekly performance of -3.82%.