Nokia Gets Approval for Microsoft Deal and American Airlines Group’s First-quarter Revenue Cut by $115M

Nokia Corporation (NYSE: NOK) has received regulatory approval from Chinese authorities to sell the company’s mobile phone unit to Microsoft Corp. This may be the very last hurlde in a deal that is worth $7.3 billion. Nokia said that it expects the transaction to close by the end of the month, having acquired the necessary approvals from regulatory bodies including in the U.S., the European Union and other jurisdictions. The deal was originally set to close in the first quarter but was delayed due to regulatory approvals.

Nokia Corporation operates as a mobile communications company worldwide. It operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks. The Devices & Services segment offers feature mobile phones and smartphones consisting of the windows phone operating system; and spare parts. The HERE segment develops a range of location-based products and services for consumers, platform services, and local commerce services for its feature phones and smartphones, as well as for other device manufacturers, automobile manufacturers, application developers, Internet service providers, merchants, and advertisers.

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American Airlines Group Inc. (NASDAQ: AAL) has cut its first-quarter revenue by about $115 million and operating profit by some $60 million. The airline canceled or delayed more than 34,000 flights in Q1 at Chicago, Dallas/Fort Worth, New York and other airports due to harsh winter storms in the East and South. Bloomberg said American Airlines Group, United Continental, Southwest, and Delta Air Lines, together canceled more than 74,000 flights in the first two months of this year, Bloomberg said.

American Airlines Group Inc., through its subsidiaries, operates in the airline industry. As of February 10, 2014, it operated an average of approximately 6,700 flights per day to approximately 339 destinations in 54 countries from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C.

Get more information on American Airlines Group Inc. free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/AAL


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