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Finnish telecom gear maker Nokia reported on Thursday a smaller rise than expected in first-quarter comparable operating profit as sales tumbled when operators reduced spending on 5G technology. Four analysts polled by LSEG had on average forecast a comparable profit of 663 million euros. "We remain confident in a stronger second half and achieving our full year outlook," he said in a statement. The company repeated an outlook announced in January for a comparable operating profit in 2024 of 2.3-2.9 billion euros. Nokia in January forecast a demand recovery in the second half of 2024.
Persons: LSEG, Pekka Lundmark Organizations: Nokia, Ericsson Locations: North America, India
A 12-year-old child shot and wounded three other 12-year-olds at a school in Finland on Tuesday and the suspect was taken peacefully into custody, police said. "My thoughts are with the victims, their loved ones and the other students and staff," he said on X. Previous school shootings in Finland have put a harsh focus on Finland's gun policy. In 2007, Pekka-Eric Auvinen shot and killed six students, the school nurse, the principal, and himself using a handgun at Jokela High School, near Helsinki. A year later, in 2008, Matti Saari, another student, opened fire at a vocational school in Kauhajoki, located in northwest Finland.
Persons: Sari Laasila, Mari Rantanen, Petteri Orpo, Pekka, Eric Auvinen, Matti Saari Organizations: Reuters, Jokela High Locations: Finland, Vantaa, Helsinki, Kauhajoki
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurope is falling behind on digital infrastructure, says Nokia CEOPekka Lundmark, CEO of Nokia, discusses the role of artificial intelligence in telecommunications and Europe's digital infrastructure at the Mobile World Congress.
Persons: Pekka Lundmark Organizations: Nokia, Mobile
It was time to smell Scriabin’s “Prometheus: The Poem of Fire.”This music, from 1910, has an element of synesthesia in its score, which calls for a color organ — a keyboard instrument that projects lights of a dozen hues — along with a full orchestra, a piano soloist and a choir. But in October at Davies Symphony Hall, the home of the San Francisco Symphony, the piece was being prepared with an additional sense in mind. Onstage, the pianist Jean-Yves Thibaudet practiced his solo part in “Prometheus,” which the San Francisco Symphony will perform March 1 through 3, while the conductor Esa-Pekka Salonen listened attentively to the wooden vortexes as they were being tested; the sound they made while emitting smoke, he noticed, was nearly a G.Mathilde Laurent, Cartier’s longtime perfumer, who had designed the scents, double-checked notes on her iPad. For this day’s test, without the orchestra, she wanted to be sure the diffusers were timed to match the music. So they were going to play a recording overhead.
Persons: Jean, Yves Thibaudet, Pekka Salonen, attentively, Mathilde Laurent, Cartier’s, perfumer Organizations: Davies Symphony Hall, San Francisco Symphony, San Francisco
Haavisto conceded defeat after a projection by the Finnish public broadcaster YLE showing a win for Stubb was released Sunday night. "This has been a fair, great race," Stubb told Haavisto after the result was clear. Several polls indicated Stubb, who has also served as Finland's foreign, finance and European affairs minister, was the favorite to win the presidency. During the election campaign, Stubb and Haavisto largely agreed on Finland's foreign policy and security priorities. Haavisto was Finland's top diplomat in 2019-2023 and the main negotiator of its entry into NATO.
Persons: Alexander Stubb, Pekka Haavisto, Haavisto, Stubb, Sauli Niinistö, Volodymyr Zelenskyy, Zelenskyy Organizations: Nordic, NATO, National Coalition Party, YLE, Helsinki City Hall, Union, Washington, Kyiv, United Nations Locations: Ukraine, Finland, United States, Russia, China, Moscow, Europe
Polls across the country opened at 9 a.m. (0700 GMT) and will close at 8 p.m. (1800 GMT). The president also acts as the supreme commander of the Finnish military, a particularly important duty in Europe's current security environment. They are picking a successor to hugely popular President Sauli Niinistö, whose second six-year term expires in March. Recent polls suggest that former Prime Minister Alexander Stubb, 55, and ex-Foreign Minister Pekka Haavisto, 65, are the leading contenders. Advance vote results will be confirmed soon after polls close and initial results from Sunday's voting are expected by around midnight (2200 GMT).
Persons: Sauli Niinistö, Eve Kinnunen, Alexander Stubb, Pekka Haavisto, Stubb, Haavisto, Jussi Halla, Olli Rehn, Niinistö, Vladimir Putin of Organizations: Nordic, NATO, Union, National Coalition Party, United Nations, Finns, Bank of Finland, Associated Press, Green League Locations: Espoo, Finland, Russia, United States, China, Helsinki, Sunday's, Europe, Ukraine, Vladimir Putin of Russia, Nordic, Finland's, Sweden, Hungary
HELSINKI (AP) — Ex-Prime Minister Alexander Stubb was projected to win the first round of Finland's presidential election on Sunday and face runner-up Pekka Haavisto in a runoff next month. Finnish public broadcaster YLE projected that Stubb won the first round of the presidential election with 27.3% of the votes, while Haavisto, an ex-foreign minister, took second place with 25.8%. Recent polls suggest that former Prime Minister Alexander Stubb, 55, and ex-Foreign Minister Pekka Haavisto, 65, are the leading contenders. The president also acts as the supreme commander of the Finnish military, a particularly important duty in Europe's current security environment. About 4.5 million citizens were eligible to vote for Finland’s new head of state from an array of nine candidates — six men and three women.
Persons: , Alexander Stubb, Pekka Haavisto, Stubb, Jussi Halla, aho, Sauli Niinistö, , , Eve Kinnunen, Haavisto, Olli Rehn, Niinistö, Vladimir Putin of, ___ Kostya Manenkov, Sergei Grits Organizations: HELSINKI, YLE, Legal, Nordic, NATO, Union, National Coalition Party, Finns, Bank of Finland, Halla, Associated Press, Helsinki, Green League Locations: Finnish, Stubb, Finland, HELSINKI, Russia, United States, China, Helsinki, Sunday’s, Europe, Ukraine, Vladimir Putin of Russia, Nordic, Finland’s, Sweden, Hungary
Voters in Finland will cast ballots on Sunday in a presidential election that comes as NATO’s newest member faces the threat of an antagonistic Russia. The election, which is expected to require a second round of voting, is for Finland’s first new head of state in 12 years. The country’s wildly popular president, Sauli Niinistö, has served two terms and is ineligible to run again. Seen as a steadying force, Mr. Niinistö is considered the person most responsible for getting Finland into the NATO alliance, leaving whomever assumes the presidency with big shoes to fill. From a field of nine candidates, the latest polls show two front-runners: Alexander Stubb and Pekka Haavisto.
Persons: Sauli Niinistö, Niinistö, Alexander Stubb, Pekka Haavisto Organizations: NATO Locations: Finland, Russia
Finns Choose New President for NATO Era With Russia in Mind
  + stars: | 2024-01-27 | by ( Jan. | At P.M. | ) www.usnews.com   time to read: +2 min
The Nordic country's admission to NATO last year drew threats of "counter measures" from its vast Russian neighbour. In December, Finland closed its entire border with Russia to passenger traffic in response to a surge in migrants trying to cross. Partial results are expected shortly after polls close at 1800 GMT and the competitors for the probable second round should be clear by 2030 GMT unless the results are very close. The new president will replace 75-year-old incumbent Sauli Niinisto who is required to step down after two six-year terms in office. He earned the nickname "the Putin Whisperer" during his tenure for his role in maintaining close ties with Russia, which had long been a key role for Finnish presidents.
Persons: Anne Kauranen, Alexander Stubb, Pekka Haavisto, Finns Party's Jussi Halla, Olli Rehn, Jutta Urpilainen, Sauli Niinisto, Putin, Terje Solsvik, Philippa Fletcher Organizations: Anne Kauranen HELSINKI, NATO, Nordic, Moscow, Finnish Defence Forces, Green Party, Finns, Bank of Finland, Social Democrat European Locations: Finland, Ukraine, Russia, Helsinki, Oslo
Unlike in most European countries, the president of Finland holds executive power in formulating foreign and security policy, particularly when dealing with countries outside the European Union like the United States, Russia and China. “Clearly, the main task of the president is to steer foreign policy,” said Teivo Teivainen, professor of world politics at the University of Helsinki. Finland became the Western military alliance’s 31st member in April last year, much to the annoyance of Russia and President Vladimir Putin. Under the Finnish Constitution, the president decides on foreign and security policy issues together with the government. Late last year, Finland closed its border with Russia after some 1,300 migrants without proper documentation or visas arrived across the frontier just months after Finland joined NATO.
Persons: , Teivo Teivainen, , Sauli Niinistö, Alexander Stubb, Pekka Haavisto, Haavisto, Jussi Halla, Olli Rehn, Niinistö, Vladimir Putin, Teivainen, Petteri, Putin, Washington —, ” Niinistö Organizations: HELSINKI, NATO, Union, University of Helsinki, Bank of Finland, Kyiv —, Hamas, Helsinki, Washington, YLE, Nordic, Kremlin Locations: Nordic, Ukraine, Russia, United States, China, Sunday’s, Finland, Ukraine —, Moscow, Sweden, Finland’s, Finnish, Moscow , Washington, Beijing, Baltic, Vainikkala
The Espoo, Finland-based company reported net profit of 568 million euros ($619 million) for the October-to-December quarter, down from 929 million euros in the same period a year earlier. Nokia is one of the world’s main suppliers of 5G, the latest generation of broadband technology, along with Sweden’s Ericsson, China’s Huawei and South Korea’s Samsung. Nokia's net income attributable to shareholders came in at 558 million euros in the fourth quarter, down from 931 million euros the previous year. Nokia’s sales also fell 23%, to 5.7 billion euros from 7.5 billion euros. “Looking ahead, we expect the challenging environment of 2023 to continue during the first half of 2024, particularly in the first quarter,” he said.
Persons: China’s, Pekka Lundmark, Organizations: HELSINKI, Nokia, 5G, Sweden’s Ericsson, China’s Huawei, South, Samsung, eBay Locations: Espoo, Finland
Nokia on Thursday said that it will begin a two-year 600 million euro ($653 million) share buyback this quarter, after reporting that its profit plunged in 2023. Comparable operating profit fell 27% year-on-year to 846 million. The company forecast comparable operating profit will reach between 2.3 billion euros and 2.9 billion euros in 2024. India, which has been investing heavily in its next-generation mobile networks over the past couple of years, is beginning to slow down. Mobile networks, Nokia's biggest division by revenue, saw sales fall 17% year-on-year to 2.5 billion euros in the fourth quarter.
Persons: Pekka Lundmark, Lundmark Organizations: Nokia, Mobile, Mobile Networks, AT, Ericsson, U.S . AT Locations: India
Shares of Finland's Nokia plunged to a three-year-low, as the telecoms company lost out on a major deal to roll out a new telecoms network in the U.S. with industry juggernaut AT&T. Helsinki-listed Nokia shares were down 7% at 9:40 a.m. London time on the news that AT&T will be partnering with Swedish rival Ericsson, which will manufacture 5G equipment for the project at its factory in Lewisville, Texas. AT&T spend is set to be near $14 billion over its five-year contract with Ericsson, the companies said late Monday. The partnership covers the deployment of an open radio access network (Open RAN) in the U.S., which AT&T expects to use for 70% of its wireless network traffic by late 2026. Nokia CEO Pekka Lundmark called the news "disappointing," but said that the company remained "fully committed" to Open RAN and had a strategy to diversify its business and improve profitability.
Persons: Pekka Lundmark Organizations: Ericsson, Nokia, Helsinki, Swedish, RAN Locations: U.S, London, Lewisville , Texas, Stockholm
NHL roundup: Flames clip Knights in final seconds of OT
  + stars: | 2023-11-28 | by ( ) www.reuters.com   time to read: +4 min
[1/5] Nov 27, 2023; Calgary, Alberta, CAN; Calgary Flames defenseman MacKenzie Weegar (52) controls the puck against the Vegas Golden Knights during the third period at Scotiabank Saddledome. Greer also scored for the Flames, who received a scintillating 27-save performance from goaltender Dan Vladar. Bruins coach Jim Montgomery replaced Jeremy Swayman with Linus Ullmark in the second period after Columbus' second goal. Anthony Cirelli scored and Andrei Vasilevskiy had 20 saves in his second game of the season for the Lightning. Evgeny Kuznetsov scored for the Capitals, who have lost two straight and were opening a five-game road trip.
Persons: MacKenzie Weegar, Sergei Belski, A.J, Greer, Dan Vladar, William Karlsson, Adin Hill, Weegar, Yegor, Jim Montgomery, Jeremy Swayman, Linus Ullmark, Columbus, Matthew Poitras, John Beecher, Sam Reinhart, Sergei Bobrovsky, Sam Bennett, Carter Verhaeghe, Eetu Luostarinen, Aleksander Barkov, Joonas Korpisalo, Alex Tuch, Pekka Luukkonen, Luukkonen, Jimmy Vesey's, Ryan Johansen, Cale Makar, Valeri Nichushkin, Alexandar Georgiev, Nathan MacKinnon, Anthony Cirelli, Andrei Vasilevskiy, Luke Kunin, Fabian Zetterlund, Mackenzie Blackwood, Evgeny Kuznetsov, Darcy Kuemper Organizations: Calgary Flames, Vegas Golden Knights, Scotiabank Saddledome, Calgary, Flames, Golden Knights, Stanley, Blue Jackets, Bruins, Boston, Panthers, Senators, Ottawa, Florida, Sabres, Rangers, Buffalo, New, New Jersey Devils, Avalanche, Colorado, Tampa Bay, Lightning, Sharks, Capitals, San Jose, Washington, NHL, Thomson Locations: Calgary , Alberta, Columbus, Boston, Florida, New York, Denver, San, San Jose
NHL roundup: Lightning's Andrei Vasilevskiy wins season debut
  + stars: | 2023-11-25 | by ( ) www.reuters.com   time to read: +12 min
Jake DeBrusk and Danton Heinen scored for Boston, which had gained points in seven straight games since a 5-4 loss in Detroit on Nov. 4. Kiefer Sherwood had a goal and two assists for the Predators, who won their fourth straight game. Ryan Nugent-Hopkins scored one goal and added two assists, while Evander Kane and Evan Bouchard also scored for the Oilers. Johnathan Kovacevic also scored and Cayden Primeau made 31 saves for Montreal, which won its second straight road game. Kirill Kaprizov had a goal and an assist and Joel Eriksson Ek also scored for Minnesota, which lost its sixth straight game.
Persons: Andrei Vasilevskiy, James Guillory, Nikita Kucherov, Steven Stamkos, Brandon Hagel, Luke Glendening, Hagel, Stefan Noesen, Michael Bunting, Antti Raanta, Vasilevskiy hadn't, Conn Smythe, Kevin Korchinski, Connor Bedard's, Ilya Samsonov, Korchinski, Jason Dickinson, Arvid Soderblom, Nicholas Robertson, Calle Jarnkrok, Ryan Reaves, Max Domi, Alex DeBrincat, Compher, Robby Fabbri, Dylan Larkin, David Perron, Shayne Gostisbehere, Ville Husso, Jake DeBrusk, Danton Heinen, David Pastrnak, Jeremy Swayman, Mika Zibanejad, Chris Kreider, Zibanejad, Kreider, Igor Shesterkin, Sean Couturier, Luke Evangelista, Filip Forsberg, Louis, Kiefer Sherwood, Ryan O'Reilly, Yakov Trenin, Spencer Stastney, Alexandre Carrier, Kevin Lankinen, Pavel Buchnevich, Robert Thomas, Jake Neighbours, Kevin Fiala, Cam Talbot, Anze Kopitar, Arthur Kaliyev, Quinton Byfield, Adrian Kempe, Trevor Moore, Drew Doughty, Kopitar, Marcel Dionne, Radko Gudas, Alex Killorn, John Gibson, Elvis Merzlikins, Merzlikins, Jack Hughes, Jesper Bratt, Eric Robinson, Boone Jenner, Alexander Holtz, Akira Schmid, Leon Draisaitl, Connor McDavid, Stuart Skinner, Ryan Nugent, Hopkins, Evander Kane, Evan Bouchard, Zach Hyman, Charlie Lindgren, Cole Caufield, Jesse Ylonen, Johnathan Kovacevic, Cayden Primeau, William Eklund, Tomas Hertl, Mike Hoffman, Mackenzie Blackwood, Eklund, Nick Suzuki, Hoffman, Ylonen, Blackwood, Connor Hellebuyck, Nino Niederreiter, Nikolaj Ehlers, Adam Lowry, Hellebuyck, Sergei Bobrovsky, Aleksander Barkov, Blake Coleman, Elias Lindholm, Yegor Sharagovich, A.J, Greer, Adam Ruzicka, Calgary's Mikael Backlund, Nazem Kadri, Andrew Mangiapane, Jacob Markstrom, Wyatt Johnston, Jason Robertson, Joe Pavelski, Jamie Benn, Evgenii, Jake Oettinger, Kurtis MacDermid's, Ross Colton, Valeri Nichushkin, Alexandar Georgiev, Kirill Kaprizov, Joel Eriksson Ek, Filip Gustavsson, Alex Tuch, Jeff Skinner, Tuch, Kyle Okposo, Victor Olofsson, Ukko, Pekka Luukkonen, Sidney Crosby, Lars Eller, Alex Nedeljkovic, Mathew Barzal, Anders Lee, Kyle Palmieri, Oliver Wahlstrom, Simon Holmstrom, Alexander Romanov, Brock Nelson, Semyon Varlamov, Drake Batherson, Tim Stutzle, Mathieu Joseph, Anton Forsberg, Sam Lafferty, Thatcher Demko, Teddy Blueger, Dakota Joshua, Nils Hoglander, Ilya Mikheyev, Nils Aman, Conor Garland, Tye Kartye, Joey Daccord Organizations: Tampa Bay, Carolina Hurricanes, PNC Arena, Tampa Bay Lightning, Tampa, Hurricanes, NHL, Blackhawks, Maple Leafs, Chicago, Toronto, Red Wings, Bruins, Detroit, Boston, Rangers, Flyers, Philadelphia, Metropolitan Division, Blues, Nashville, St, Predators, Ducks, Los, Anaheim, The Buffalo Sabres, Kings, Blue Jackets, Devils, Oilers, Capitals, Edmonton, Washington, Canadiens, Montreal, San, Jets, Panthers, Winnipeg, The Jets, Vezina, Florida, Flames, Calgary, Dallas, Stars, Avalanche, Colorado, Minnesota, Penguins, Buffalo, Pittsburgh, Sabres, Islanders, Senators, Ottawa, Canucks, Vancouver, Seattle, Thomson Locations: Raleigh , North Carolina, USA, Raleigh, N.C, Tampa Bay, Toronto, Detroit, New York, Los Angeles, Columbus, Newark , N.J, Jose, San Jose, Winnipeg, Sunrise, Fla, Florida, Saint Paul, Dakota
Swedish union blocks Tesla components as dispute intensifies
  + stars: | 2023-11-24 | by ( ) www.reuters.com   time to read: +3 min
Around 50 workers that make specialized Tesla components at Hydro Extrusions, a subsidiary of Norwegian aluminium and energy company Hydro, will either stay at home or be given other tasks from Friday until further notice, the IF Metall union said. IF Metall, Sweden's biggest manufacturing union, is locked in a fight with Tesla to get a collective bargaining agreement for its 130 mechanics in Sweden. The U.S. carmaker has a policy to not sign collective bargaining agreements and says its employees have as good or better terms than what the Swedish union is demanding. The union says it is vital to the Swedish labour market model that all companies have collective agreements. Around 90% of all employees in Sweden are covered by collective bargaining agreements, which regulates wages, vacation, overtime pay and other conditions.
Persons: Veli, Pekka Saikkala, Tesla, Metall, Saikkala, carmaker, Torbjorn Johansson, Elon, Johansson, Johan Ahlander, Marie, Victoria Waldersee, Susan Fenton Organizations: Tesla, Hydro Extrusions, Hydro, IF Metall, Metall, LO, Marie Mannes, Thomson Locations: Berlin, Europe, Sweden, U.S, Stockholm, Victoria
NHL roundup: Pens' Alex Nedeljkovic returns, blanks Knights
  + stars: | 2023-11-20 | by ( ) www.reuters.com   time to read: +3 min
[1/3] Nov 19, 2023; Pittsburgh, Pennsylvania, USA; Pittsburgh Penguins goaltender Alex Nedeljkovic (39) makes a save against Vegas Golden Knights left wing William Carrier (28) during the second period at PPG Paints Arena. Pittsburgh won 3-0. He started Friday for AHL affiliate Wilkes-Barre/Scranton on a conditioning assignment and not only won that game, but also scored a goal. Bobby Brink and Travis Konecny each scored one goal for the Flyers, who won their fifth game in a row. Alexandre Texier and Boone Jenner scored one goal apiece for the Blue Jackets, and goaltender Spencer Martin stopped 21 shots.
Persons: Alex Nedeljkovic, William Carrier, Charles LeClaire, Ryan Graves, Noel Acciari, Evgeni Malkin, Nedeljkovic, Tristan Jarry, Adin Hill, Ryan Poehling, Joel Farabee, Cam York, Bobby Brink, Travis Konecny, Sean Walker, Samuel Ersson, Alexandre Texier, Boone Jenner, Spencer Martin, William Nylander, Nylander, Wild netminder Marc, Andre Fleury, Morgan Rielly, Auston Matthews, squandering, Rasmus Dahlin, Jeff Skinner, Erik Johnson, Pekka Luukkonen, Philipp Kurashev, Taylor Raddysh, Petr Mrazek, Joel Hofer, Louis, Jake Neighbours, Pavel Buchnevich, Alexey Toropchenko, Mason McTavish, John Gibson Organizations: Pittsburgh Penguins, Vegas Golden Knights, PPG Paints, Pittsburgh, Vegas, Penguins, NHL, AHL, Wilkes, Knights, Flyers, Blue Jackets, Philadelphia, Maple Leafs, Minnesota, Stockholm, Sabres, Blackhawks, Buffalo, Chicago, Ducks, Anaheim, Blues, San Jose Sharks, Los Angeles Kings, Thomson Locations: Pittsburgh , Pennsylvania, USA, Barre, Scranton, Columbus, Toronto, Stockholm, Sweden
NHL roundup: Blues blitz Avs behind 2 hat tricks
  + stars: | 2023-11-12 | by ( ) www.reuters.com   time to read: +7 min
Schenn, who also had an assist, now has four career hat tricks, while Buchnevich, who had two short-handed goals, has three career hat tricks. Torey Krug had a goal and an assist, Alexey Toropchenko also scored and Robert Thomas added four assists for the Blues. Guhle also added an assist as the Habs scored two goals in a rapid-fire span in the third period. Brad Marchand logged a goal and an assist to lead the Bruins, who had a two-game winning streak snapped. Cole Perfetti and Brenden Dillon scored goals for the Jets, who saw their three-game winning streak come to an end.
Persons: Louis, Robert Thomas, Ron Chenoy, Schenn, Pavel Buchnevich, Buchnevich, Torey Krug, Alexey Toropchenko, Jordan Binnington, Mikko Rantanen, Jack Johnson, Alexandar Georgiev, Ivan Prosvetov, Kaiden Guhle's, Nick Suzuki, Brendan Gallagher, Guhle, Sam Montembeault, Brad Marchand, Charlie McAvoy, Jeremy Swayman, Zach Hyman, Dylan Holloway, Stuart Skinner, Jaden Schwartz, Philipp Grubauer, Joey Daccord, Daniel Sprong, Lucas Raymond, Alex DeBrincat, Robby Fabbri, Jake Walman, Ville Husso, Columbus, Patrik Laine, Alexandre Texier, Adam Fantilli, Sean Kuraly, Spencer Martin, Wyatt Johnston, Thomas Harley, Matt Duchene, Scott Wedgewood, Cole Perfetti, Brenden Dillon, Connor Hellebuyck, Drake Batherson, Mathieu Joseph, Rourke Chartier, Travis Hamonic, Tim Stutzle, Joonas Korpisalo, Blake Coleman, Calgary's, Dustin Wolf, Jacob Markstrom, Pyotr Kochetkov, Sebastian Aho, Brent Burns, Kochetkov, Jonas Johansson, Noah Gregor, Matthew Knies, William Nylander, Nicholas Robertson, David Kampf, Tyler Bertuzzi, Max Domi, Bobby McMann, J.T . Miller, Pius Suter, Nic Dowd, Aliaksei, Alex Ovechkin, Wayne Gretzky, Ovechkin, Gretzky, Dowd, hadn't, Protas, Alexander Romanov, Erik Karlsson, Tristan Jarry, Ukko, Pekka Luukkonen, Michael Carcone, Sean Durzi, Troy Stecher, Alex Kerfoot, Clayton Keller, Connor Ingram, Filip Forsberg, Kiefer Sherwood, Dante Fabbro, Ryan O'Reilly, Morgan Frost, Cal Petersen, Owen Tippett, Cam Atkinson, Sean Walker, Adrian Kempe, Carl Grundstrom, Cam Talbot Organizations: Louis Blues, Colorado Avalanche, Ball, Blues, St, Avalanche, Canadiens, Bruins, Boston, NHL, Oilers, Seattle, San Jose, Wings, Blue Jackets, Detroit, Red Wings, Jets, Dallas, Winnipeg, Stars, Central Division, Senators, Flames, Ottawa, Calgary, AHL, Hurricanes, Tampa, Maple Leafs, Canucks, Toronto, Vancouver, Capitals, Islanders, New, Penguins, Sabres, Pittsburgh, Buffalo, Coyotes, Predators, Nashville, Flyers, Philadelphia, Anaheim, Los, Thomson Locations: Denver , Colorado, USA, Denver, Montreal, Edmonton, Columbus, Carolina, Tampa Bay, Washington, New York, Elmont, Arizona, Los Angeles, Southern California, Philadelphia
Devils desperate to correct slow starts vs. Sabres
  + stars: | 2023-10-26 | by ( Field Level Media | ) www.reuters.com   time to read: +3 min
October 26 - It hasn't been a bad start to the season for the New Jersey Devils. The starts to games, however, are another story, and one they'll look to rewrite when they host the Buffalo Sabres on Friday in Newark, N.J. The Devils have been outscored 8-2 in the first period through their six games this season. Sabres coach Don Granato tinkered with his lines last week, putting Thompson between Dylan Cozens and Jordan Greenway. With good performances from Eric Comrie (two games) and Ukko-Pekka Luukkonen (one game) in his absence, the team won't push him.
Persons: Lindy Ruff, Tyler Toffoli, Jack Hughes, He's, They've, Tage Thompson, Don Granato tinkered, Thompson, Dylan Cozens, Cozens, Granato, Devon Levi, Eric Comrie, Pekka Luukkonen, Levi Organizations: New Jersey Devils, Buffalo Sabres, Devils, Washington Capitals, Capitals, Sabres, Ottawa Senators, Tuesday, Buffalo, Senators, New York Islanders, Ottawa, Thomson Locations: Newark , N.J, New Jersey, Jordan, Cozens
NHL roundup: Knights extend franchise-record perfect start
  + stars: | 2023-10-25 | by ( ) www.reuters.com   time to read: +10 min
Paul Cotter and Ivan Barbashev also scored goals, Jack Eichel had two assists and Logan Thompson finished with 26 saves for the Golden Knights. Pheonix Copley made 24 saves in his second start as the Kings won for the third time in four games. Ryan Johansen scored twice, Rantanen had a goal and three assists and Cale Makar added a goal and two assists. Zemgus Girgensons added a goal for Buffalo, and Ukko-Pekka Luukkonen made 34 saves in his first start of the season. Blake Coleman scored for the Flames, who have lost three straight games.
Persons: Shea Theodore, Brayden McNabb, Stephen R, Paul Cotter, Ivan Barbashev, Jack Eichel, Logan Thompson, Noah Cates, Cam Atkinson, Carter Hart, Jeremy Swayman, Pavel Zacha, Matthew Poitras, Trent Frederic, Petr Mrazek, Kopitar, Trevor Lewis, Trevor Moore, Blake Lizotte, Kevin Fiala, Adrian Kempe, Pheonix Copley, Jack McBain, Nick Bjugstad, Clayton Keller, Phillip Di Giuseppe, Nils Hoglander, Thatcher Demko, Ilya Mikheyev, Colton Sissons, Kiefer Sherwood, Jordan Eberle, Eberle, Jared McCann, Jaden Schwartz, Tye Kartye, McCann, Dylan Larkin, Joe Veleno, Shayne Gostisbehere, Alex DeBrincat, Nathan Mackinnon, Bowen Byram, Mikko Rantanen, Ryan Johansen, Rantanen, Cale Makar, Ross Colton, Alexandar Georgiev, Cal Clutterbuck, Simon Holmstrom, Kyle Palmieri, Anders Lee, Noah Dobson, Jean, Gabriel Pageau, Ilya Sorokin, Anthony Stolarz, Carter Verhaeghe, Sam Reinhart, Kevin Stenlund, Fabian Zetterlund, Mackenzie, Jonas Johansson, Johansson, Alex Barre, Boulet, Nick Paul, Nikita Kucherov, Tage Thompson, Jeff Skinner, Alex Tuch, Casey Mittelstadt, Zemgus Girgensons, Pekka Luukkonen, Mathieu Joseph, Vladimir Tarasenko, Ottawa's Jakob Chychrun, Josh Norris, Anton Forsberg, Joonas Korpisalo, Ryan Hartman, Mats Zuccarello, Joel Eriksson Ek, Jake Middleton, Kirill Kaprizov, Filip Gustavsson, Warren Foegele, Evan Bouchard, Evander Kane, Jack Campbell, Connor McDavid, Morgan Rielly, Auston Matthews, John Tavares, William Nylander, Joseph Woll, Alex Ovechkin, Darcy Kuemper, Frank Vatrano, Anaheim's Ryan Strome, Brett Leason, Lukas Dostal, Adam Fantilli, Emil Bemstrom's, Jack Roslovic, Fantilli, Dostal, Jack Hughes, Tyler Toffoli's, Hughes, Jose's Patrick Marleau, Joe Thornton, Edmonton's Connor McDavid, Justin Barron, Mike Matheson, Cayden Primeau, Connor Hellebuyck, Louis, Kyle Connor, Mason Appleton, David Gustafsson, Morgan Barron, Pavel Buchnevich, Robert Thomas, Jordan Binnington, Erik Gustafsson, Igor Shesterkin, Alexis Lafreniere, Chris Kreider, Filip Chytil, Shesterkin, Blake Coleman, Jacob Markstrom, Jason Robertson, Thomas Harley, Evgenii Dadonov, Wyatt Johnston, Jake Oettinger, Bryan Rust, Alex Nedeljkovic Organizations: Vegas Golden Knights, Philadelphia Flyers, Mobile, NHL, Stanley, Golden Knights, Philadelphia, Bruins, Blackhawks, Chicago, Coyotes, Los Angeles, Los, Kings, Canucks, Predators, Vancouver, Nashville, Red Wings, Seattle, Detroit, Wings, Avalanche, Islanders, New, Cal, Panthers, Sharks, Hurricanes, Tampa Bay, Senators, Buffalo, Ottawa, Sabres, Oilers, Edmonton, Maple Leafs, Capitals, Toronto, Washington, Ducks, Blue Jackets, Columbus, Nationwide, . Blue Jackets, Canadiens, New Jersey, Montreal, New Jersey's, Jets, Blues, Winnipeg, St, Rangers, Flames, Penguins, Thomson Locations: Las Vegas , Nevada, USA, Las Vegas, Vegas, Boston, Arizona, Los Angeles, Colorado, New York, Florida, San Jose, Sunrise, Fla, Mackenzie Blackwood, Carolina, Minnesota, Anaheim, New, Calgary, Dallas, Pittsburgh
As demand has slowed in countries such as the United States, Nokia and rival Ericsson (ERICb.ST) have tried to offset some of the weakness with higher sales to India, a low-margin market. Nokia is targeting savings of between 800 million euros ($842 million) and 1.2 billion euros by 2026, its deadline to deliver a long-term comparable operating margin plan of at least 14%. Nokia expects at least 400 million euros of savings in 2024, and a further 300 million euros in 2025. Quarterly comparable net sales fell to 4.98 billion euros from 6.24 billion last year, missing an estimate of 5.67 billion euros according to a LSEG poll. "There are signs here and there that demand would start to pick up again but it's too early to call it a broad-based trend," Lundmark said.
Persons: Albert Gea, Pekka Lundmark, Lundmark, it's, Supantha Mukherjee, Anne Kauranen, Anna Ringstrom, Clarence Fernandez, Barbara Lewis Organizations: Mobile World Congress, REUTERS, STOCKHOLM, Nokia, Ericsson, Reuters, Thomson Locations: Barcelona, Spain, American, HELSINKI, Finnish, United States, India, North American, China, Stockholm, Helsinki
Nokia announced a major overhaul of its business on Thursday that includes slashing up to 14,000 jobs, or about 16 percent of its work force, over the next three years. The company employs 86,000 people and said the “reset” would reduce its costs by as much as 1.2 billion euros, or roughly $1.3 billion. Nokia once led the global mobile phone market, but it quickly fell behind the iPhone, which was released by Apple in 2007. Nokia sold its mobile phone division to Microsoft in 2013. Since then, it has focused on selling the back-end infrastructure of telecom systems to wireless companies, cable operators and other business buyers.
Persons: Pekka Lundmark Organizations: Nokia, , Apple, Microsoft
Nokia layoffs: Company will slash up to 14,000 jobs
  + stars: | 2023-10-19 | by ( Michelle Toh | ) edition.cnn.com   time to read: +2 min
Hong Kong CNN —Nokia will slash up to 14,000 jobs in a major cost-cutting drive to address a “weaker” market environment, it said in a statement on Thursday. The move will help the company reduce staffing expenses by 10% to 15%, and save at least €400 million ($421.4 million) in 2024 alone, the company projected. Overall, it said the reductions are expected to trim Nokia’s costs by up to €1.2 billion (nearly $1.3 billion) cumulatively by the end of 2026. “The most difficult business decisions to make are the ones that impact our people,” CEO Pekka Lundmark said in the statement. “We have immensely talented employees at Nokia and we will support everyone that is affected by this process.”The announcement came on the same day that Nokia reported worse-than-expected results.
Persons: Pekka Lundmark, Nokia’s, , Lundmark Organizations: Hong Kong CNN — Nokia, Nokia, ” Mobile, Ericsson Locations: Hong Kong, India
HELSINKI (AP) — Telecom gear maker Nokia said Thursday that it is planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit. The company said it is aiming to slash 800 million euros ($843 billion) to 1.2 billion euros in costs by the end of 2026. That is expected to lead to a reduction from 86,000 employees to between 72,000 and 77,000 over that time period. Nokia’s third-quarter sales plummeted 20%, to 4.98 billion euros from 6.24 billion in the same three-month period last year. The company’s biggest unit by revenue — the mobile networks business — declined 24% to 2.16 billion euros, driven mainly by weakness in the North American market.
Persons: it's, Pekka Lundmark, Lundmark, China’s, ” Lundmark, Organizations: HELSINKI, — Telecom, Nokia, Ericsson, China’s Huawei, South, Samsung, , North, North America nosedived Locations: Finnish, North American, North America, India
Nokia says it's going to cut up to 14,000 jobs
  + stars: | 2023-10-19 | by ( Kai Xiang Teo | ) www.businessinsider.com   time to read: +2 min
Nokia said on Thursday it is planning to cut up to 14,000 jobs — or around 16% of its workforce. The company is planning to lower costs by up to 1.2 billion euros by 2026. AdvertisementAdvertisementFinland-based mobile company Nokia is planning to cut between 9,000 to 14,000 jobs amid a sales slump and reduced demand for 5G equipment, it said on Thursday. The layoffs are part of cost-cutting measures to reduce expenses by 400 million euros, or $421 million, in 2024 and a further 300 million euros in 2025. AdvertisementAdvertisementA Nokia spokesperson directed Insider to the company statement in response to a request for comment.
Persons: , Pekka Lundmark, Lundmark Organizations: Nokia, Service, Microsoft Locations: Finland, Espoo, India, North America
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