Business

Business briefs

Tuesday start

Markets are closed today in honor of Martin Luther King Jr. Day. Experts say trading tomorrow could get a boost from the prospect of stronger European manufacturing surveys and decisive monetary easing in Japan.

Nokia push

Nokia Siemens Networks is planning to raise as much as 700 million euros ($930 million) from public markets in the spring to pay down debt and fund investment, FT.com said, citing sources. The high-yield bond will be the first time the telecom joint venture has tapped public markets.

Hostess help

The pension fund for some Hostess workers hired investment bank Gordian Group to represent workers and pensioners as it sells off its brands. Gordian is tasked with trying to ensure potential buyers hire former Hostess workers and honor the company’s pension obligations.

Losing ‘Face’

Five months after Forbes crowned Erlan Abdikarimov the best Facebook analyst, the 24-year-old Kazakh is out of a job as new rules in Kazakhstan force boutique investment banks to close.