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Nokia’s downfall: Local engineers venture on new path of entrepreneurship

Nokia’s downfall: Local engineers venture on new path of entrepreneurship By AFP | 3 Nov, 2013 TAMPERE: The decline of Finnish mobile phone manufacturer Nokia has encouraged a whole generation of local engineers to venture on a new and riskier path: that of entrepreneurship.Housed on the top floor of a building located on the main… Continue Reading

Danske Bank disappoints with earnings, cuts more jobs disappoint

Danske Bank disappoints with earnings, cuts more jobs disappoint By AFP | 31 Oct, 2013 COPENHAGEN: Denmark’s biggest bank, Danske Bank, reported a rise in third-quarter profits on Thursday but fell short of expectations and said it would shed more jobs as it lowered its guidance. “While our third-quarter result showed some progress, we continue… Continue Reading

Finnish media group Sanoma to cut hundreds of jobs

Finnish media group Sanoma to cut hundreds of jobs By AFP | 31 Oct, 2013 HELSINKI: Finnish media group Sanoma announced plans on Thursday to cut hundreds of jobs in Finland and the Netherlands following a sharp fall in third quarter profits. The group reported a net loss of 266 million euros ($363 million)compared to… Continue Reading

Norway’s banks must assume bigger losses on mortgages: Government

Norway’s banks must assume bigger losses on mortgages: Government By Reuters | 14 Oct, 2013 OSLO: Norway’s banks will have to assume bigger lending losses on residential mortgages from next year, the finance ministry ruled on Sunday, in a move that could force banks to increase capital buffers even further. From January 1, banks will… Continue Reading

UPDATE 1-Cost cuts, mild weather cushion Tryg profit decline

UPDATE 1-Cost cuts, mild weather cushion Tryg profit decline Oct 10 (Reuters) – Third quarter pretax profit at the Nordic region’s second-biggest insurer Tryg fell less than forecast, helped by cost cuts and reinsurance against a big insolvency claim. The reinsurance reduced the cost of a 700 million Danish crowns ($126.84 million) blow from an… Continue Reading

SCANDANAVIA June 2013 Pmf Legal Limited Insolvency Bankruptcy Stories HD

http://youtu.be/ClS-DL0qb6g SCANDANAVIA June 2013 Pmf Legal Limited Insolvency Bankruptcy Stories HD   Here are the names in this months insolvency, bankruptcy, turnaround, restructuring news: SAAB 7 June 2013 Paul FordyceManaging DirectorPmf Legal LimitedSuite 1101,84 Pitt Street,Sydney. NSW. Australiahttp://www.pmflegal.com/blog/FLIPBOARD – http://flip.it/C3wCV

SCANDANAVIA May 2013 Pmf Legal Limited Insolvency Bankruptcy Stories

http://youtu.be/R0TlLTV_Jjg SCANDANAVIA May 2013 Pmf Legal Limited Insolvency Bankruptcy Stories Look at this month’s videos rounding up news stories to find out why these names are associated with insolvency and bankruptcy – Kevin Costner, Alan Bond, Gordon Ramsay, the Life of Pi, Janice Dickinson, Geoffrey Edelsten, Mothercare, Dubai, Republic, the sisters of mercy and many… Continue Reading

Norway’s Krone Losing Its Crown

Norway’s Krone Losing Its Crown Oct 3, 2013  | By Chiara Albanese A dovish central bank and slowing economic growth are taking the shine off Norway’s currency. The krone has at times been one of the most favored bets in currency markets. Norway’s triple-A debt rating has even led some occasionally to suggest it is… Continue Reading

Finland steel-maker Outokumpu cuts 1,000 more jobs

Finland steel-maker Outokumpu cuts 1,000 more jobs By AFP | 1 Oct, 2013 Finnish steel maker Outokumpu said Tuesday it would cut 1,000 more jobs in Europe, bringing to 3,500 the number slashed worldwide as part of its restructuring. The new layoffs are part of a new restructuring plan that follows a savings programme introduced… Continue Reading

Nokia chairman says he inadvertently misled Finland’s prime minister over Elop pay-off

http://www.irishtimes.com/business/sectors/technology/nokia-chairman-says-he-inadvertently-misled-finland-s-prime-minister-over-elop-pay-off-1.1538751 Nokia chairman says he inadvertently misled Finland’s prime minister over Elop pay-off Canadian will pocket €14.6m more than previous Nokia boss 24 SEPTEMBER 2013 The chairman of Nokia has admitted that he accidentally misled the public and Finland’s prime minister over an €18.8 million pay-off to former chief executive Stephen Elop triggered by the… Continue Reading