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Nokia raises merger savings target as sales trail estimates

  Bloomberg Nokia Oyj Chief Executive Officer Rajeev Suri raised the target for cost savings from the acquisition of Alcatel-Lucent SA as he tries to support earnings after second-quarter sales trailed analysts’ estimates. Sales dropped 11 percent on a pro forma basis to 5.68 billion euros ($6.33 billion), compared with an average analyst estimate of 5.87 billion euros. Adjusted earnings ...

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Travel ideas for those who plan ahead

  DPA If you’re a parent, you know the importance of having college and wedding funds. Now, if you want to be on the cutting edge of financial planning, you’ll also want to invest in a travel fund. “We’re looking at a generation of parents who have been lucky enough to travel themselves, and they want to have that for ...

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Operations return to normal at DXB

DUBAI / WAM Dubai International Airport announced that air traffic returned to normal after a delay of several hours after Emirates’ flight EK521, coming from Thiruvananthapuram in India to Dubai, was involved in an incident at the airport this afternoon. A FEDEX aircraft was the first to take off from the airport while an Emirates flight also landed at 6:43pm ...

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