Fox Business - The Power to Prosper
Search Site

Baltic Sea

Microsoft to Take Control of Nokia's Finland HQ

A slimmed-down Nokia (NYSE:NOK) will relinquish the leasing rights of its Finnish headquarters to Microsoft (NASDAQ:MSFT) after their device deal closes next year.The decision diverges from Nokia's initial plan from September where it said it would retain the giant glass-paneled headquarters in Espoo, Finland -- just outside of Helsinki -- that overlooks the Baltic Sea.The remaining Nokia will move just a few minutes away to a newly-renovated campus in Karaportti where its current network-equipment business is based.A majority of Nokia's workers in the Espoo office are among those set to be transferred to Microsoft. Roughly 32,000 people are expected to transfer in total – 57% of Nokia's workforce."Because the majority of people working at Nokia House are Nokia Devices & Services employees, Microsoft will assume ownership and management of the facility upon the expected closure of the deal," a Microsoft spokesperson confirmed. Nokia shareholders on Tuesday voted to approve the sale of ...

Read More

  1. Estonia Refuses Nord Stream Survey Request

    Estonia on Thursday rejected a request by Russia-led consortium Nord Stream AG to survey its waters as a potential route for an expansion of its pipeline bringing ga...

  2. BP in Early Talks Over Nord Stream Link to Bring Russian Gas to UK

    BP PLC (BP) is in early talks with the OAO Gazprom (GAZP.RS)-led Nord Stream pipeline consortium, that ships Russian natural gas into Europe, over an extension of th...

  3. Polish Companies To Build PLN5-6Bln Petrochemical Plant

    GDANSK, Poland--Poland's state-controlled refiner Grupa Lotos SA (LTS.WA) is teaming up with chemical producer Zaklady Azotowe Tarnow (ZAT.WA) to build a petrochemic...

  4. Gazprom Could Increase Gas Transit Via Belarus by 30% - Reports

    Russia's state-controlled gas giant OAO Gazprom (GAZP.RS) could invest $2 billion to increase the volumes of natural gas it sends via Belarus to Europe by 30%, Russi...

  5. Gunvor Gets 6 Million Ton Rosneft Product Tender

    Cyprus-registered commodity trader Gunvor Group said Wednesday it has signed a one year contract with Russia's state-controlled oil company Rosneft (ROSN.RS) to expo...

  6. Rusal: Warnig Replaces Cheung as Chairman

    Russian aluminium giant United Co. Rusal PLC (0486.HK) said Monday its board has appointed a German banker as its new chairman after Barry Cheung resigned.Matthias W...

  7. Nord Stream Mulls Expansion; Possibly 2 More Pipelines

    Nord Stream, the consortium that operates a natural gas pipeline that ships Russian gas to western Europe via the Baltic Sea, said Friday it is considering further e...

  8. Nord Stream: Completed Line 2 Construction, Operational End 2012

    International pipeline consortium Nord Stream has completed the second of its twin gas pipelines through the Baltic Sea ahead of schedule, the company said Wednesday...

  9. Ust-Luga Start Seen Keeping Russia Urals Oil Prices Low

    The start of exports from Russia's new Baltic oil terminal, Ust-Luga, in March will maintain pressure on the price of Urals crude oil, already trading at its lowest ...

  10. TNK-BP To Lift Crude Exports Through Baltic, Black Sea Ports

    MOSCOW -- Anglo-Russian oil producer TNK-BP Ltd., half-owned by BP PLC (BP), said Wednesday it plans to lift crude oil shipments by between 300,000 and 350,000 metri...

  11. Mediterranean Cruises on Sale in 2011

    It seems as if every summer there is at least one cruise region where the supply of cruises outstrips the demand. This year it is the Mediterranean.There are two cau...

  12. European River Cruising 2011

    Certain European cruise itineraries have become so popular they have nicknames. The “Eastern Med” starts in Venice and runs through the Aegean Sea to Dubrovnik, Athe...

  1. Gazprom To Decide on Nord Stream Expansion After Yamal-Europe Study - CEO

    Russia's OAO Gazprom (GAZP.RS) will decide whether to expand the Nord Stream gas pipeline to Northern Europe after it completes a feasibility study into a separate p...

  2. Gazprom, Gasunie To Study Feasibility of Nord Stream Extension

    Russia's OAO Gazprom (GAZP.RS) and Dutch gas firm Nederlandse Gasunie have signed an agreement to study the possible expansion of the Nord Stream pipeline that deliv...

  3. Gazprom Says It Signed Agreement To Build Gas Pipeline To EU

    Russian gas giant OAO Gazprom said Friday it had signed an agreement to build a gas pipeline to the Europe Union that would reduce flows through Ukraine. But Polish ...

  4. Russia Resources Ministry Announces Study of Nord Stream Expansion

    A study has been launched to assess the environmental impact of expanding the Nord Stream natural gas pipeline under the Baltic Sea, Russia's natural resources minis...

  5. RWE Sells Czech Gas Grid Unit Net4Gas to Allianz, Borealis for EUR1.2 Billion

    German utility RWE AG (RWE.XE) said Thursday that it has agreed to sell its Czech gas grid unit Net4Gas to a consortium comprising Europe's largest insurer and a Can...

  6. RWE to Sell Net4Gas to Consortium

    German utility RWE AG (RWE.XE) has agreed to sell its Czech gas grid unit Net4Gas to a consortium comprising Europe's largest insurer and a Canadian infrastructure f...

  7. Areva Awarded Offshore Wind Turbine Contract in Germany by Iberdrola

    French nuclear engineering firm Areva SA (AREVA.FR) Wednesday said it has been awarded a contract by renewable energy operator Iberdrola (IBE.MC ) to supply turbines...

‹ Prev12Next ›
Freebase CC-BY
Source: Baltic Sea on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL