Investors hang up on new phones from Nokia and more details on Walmart's strategy to go urban. Here’s Wednesday’s Bloomberg After The Bell Report.
American Stock Exchange
2404.89 down 11.16
3069.27 down 5.79
Standard and Poors 500
1403.44 down 1.50
Nokia shares tumbled the most in almost three months after the introduction of two Lumia smartphones with Microsoft's new Windows 8 phone software failed to impress investors.
As for the markets, stocks fluctuated throughout the day and ended mixed after disappointing global economic data and because Fed Ex forecast an earnings decline.
Meantime, the next Walmart you see might not be a big mega store, but a smaller store. Walmart says it will open 55 neighborhood markets by the end of the year, including one in Omaha. The discounter wants to appeal to more urban consumers by creating the same low price appeal in cities as in suburbs.
Going back to school might boost your paycheck. New research shows that continuing education increases employee income and corporate productivity. Higher education online newspaper The Evolution says the connection between continuing education and higher pay is especially true in the health care field.