Morning Beat: Nokia Corporation (ADR) (NOK), Valeant Pharmaceuticals Intl Inc (VRX), and Facebook Inc (FB)
Nokia Corporation (ADR) (NYSE:NOK) is to return $4.4 billion to shareholders. CEO, Rajeev Suri maintains the company won’t face major execution hurdles. The payout is to be made in the form of dividends and buybacks. The finish company intends to buy back stock worth 1.5 billion euros over the next two years as it also seeks to reduce its debt by 3 billion euros.
Nokia Corporation (ADR) (NYSE:NOK) is to pay 15 cents per share in ordinary dividends and a special 10 cents a share dividend next year. The company does not expect the payouts to affect cost savings expected from the takeover of Alcatel-Lucent.
Valeant Pharmaceuticals Intl Inc (NYSE:VRX) continues to consolidate its grip on the Contact Lens business as it embarks on a plan to dominate the specialty contact lenses market. Acquisitions in the sector have all but allowed the Canadian company to compete against its fierce rivals in the sector.
Valeant Pharmaceuticals Intl Inc (NYSE:VRX) has consolidated its grip of the business thanks to the $8.7 billion acquisition of Bausch and Lomb in 2013. Its market share currently stands at 80% thanks to the acquisition of Paragon Vision Science in May.
The giant drug maker is now in full control of the market of Ortho-K buttons, normally used to make gas permeable lenses. The lens when worn overnight reportedly reshape patient’s cornea and also help in counteracting nearsightedness as well as other vision problems.
The U.S. Senate finally passed the much talked about Cybersecurity Information Sharing Act. The fact that the bill seeks to encourage the sharing of cyber threat indicators should be good news for Facebook Inc (NASDAQ:FB). The giant social network has already set the pace on how such information can be shared with success.
ThreatExchange is the platform that Facebook Inc (NASDAQ:FB) has used for some time to facilitate the sharing of cyber threat information with the private sector. More than 3 million interactions have already taken place thanks to the more than 100 companies already signed up.
The cyber security act can only do more to enhance the sharing of the latest forms of malware, spear phishing campaigns, as well as malicious domains.
Alphabet Inc (NASDAQ:GOOGL) is teaming up with major mobile carriers in Indonesia as it begins testing its balloon-powered internet service. Through Project Loon, the tech giant hopes to bring more than 100 million citizens online.
Indonesia with more than 17,000 islands and difficult terrain suits Google ambition of bringing Internet connections to remote parts of the world. Two-thirds of the population does not have access to the web in the country. Alphabet Inc (NASDAQ:GOOGL) is partnering Indosat, Telkomsel and XL Axiata for the project in the country.
Over the coming years, the search giant hopes to beam 4G LTE connections by the use of the balloons floating 12.4 miles above the ground.
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