Nokia reports 766 million euro loss in 2016

Telecoms giant Nokia on Thursday said that falling network sales and costs stemming from acquisitions and its integration of Alcatel-Lucent had resulted in a "disappointing" loss in 2016.

Two S. Korea firms bid for Hynix stake

Two South Korean companies said Friday they had submitted preliminary bids to buy a controlling stake in Hynix Semiconductor, the world's second-largest memory chip maker.

Hyundai says it will not bid for Hynix stake

South Korea's Hynix Semiconductor Wednesday lost its sole potential buyer after shipmaking giant Hyundai Heavy Industries said it would not bid for a stake in the world's second-largest memory chip maker.

Cisco uses cash hoard to buy Norwegian co. for $3B

(AP) -- Cisco Systems Inc. tapped its immense cash hoard and announced a deal Thursday to buy Norway's Tandberg ASA for $3 billion in a bid to dominate the global market for videoconferencing equipment.