Traders and analysts cited talk that Chinese PC maker Lenovo might have been interested in the struggling Finnish cellphone maker. However Lenovo quashed market speculation that it was interested in buying Nokia.
"This must be a joke," Gianfranco Lanci, who runs Lenovo's operations in Europe, Middle East and Africa told Reuters. "There's nothing ongoing."
Nokia shares have dropped more than 70 percent since it unveiled a strategy shift in February 2011 and the speculations of possible takeover bids have made rounds through the year.
Last week, Nokia announced it was closing its plant in Salo, southwest Finland. Nokia plans to make 3700 workers in Finland redundant by the end of 2013.
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Two tumble from Töölö balcony
One man died and another was seriously injured on Wednesday morning when they fell from a fifth-floor balcony in the Töölö district of Helsinki.
Evira: Don’t use datura-laced SOK veggies
The Finnish Food Safety Authority Evira has warned consumers not to use a frozen vegetable product sold by the SOK group that was found to be laced with seeds from the highly toxic datura plant.
Itella chops 180 management jobs
The state mail delivery and logistics company launched retrenchment talks in mid-April with the aim of cutting 350 jobs.
Researcher: Bullying should be nipped in the bud
Research shows that small children don’t have an inherent tendency to bully their peers, but learn the practice from others.
Met man: Monster tornado also possible in Finland
A meteorologist and storm chaser says that the kind of tornado that recently killed dozens of people in Oklahoma in the USA, is also possible in Finland. Finland suffered extensive destruction in a series of massive twisters that struck in 1932.
Workers' tax badge rule sees flood of registrations
In an effort to combat illegal labour practices, Finland’s tax authorities introduced a requirement for workers in the construction industry to register by way of individual tax numbers to be displayed on a badge. Authorities say that thousands of new workers are emerging as a result, with tax badges being assigned to carpenters, security guards and even cooks on the same construction site.
Lottery lands toilet tissue company in the can
Finland’s Consumer Ombudsman has taken the manufacturer of the well-known Lotus brand of toilet tissue to court for aggressive marketing. The company has offered consumers who buy its toilet paper a chance to win a 100,000-euro jackpot prize. However the chances of actually winning are paper-thin: just one in 2.4 billion.
Tax badges may be introduced for cleaners, too
This spring, tax badges became obligatory for builders -- and cleaning staff could be next.
Talvivaara mine stains river orange
The mine has been involved in a string of environmental mishaps -- and PR fiascos -- for more than six months.
Moomin ceramics tempt shoplifters
Police say that housewares depicting the denizens of Moominvalley are in high demand -- including among thieves.