Markets News Afternoon: Nokia cuts second quarter financial forecast; BP agrees with White House on $20bn oil spill damages fund
Jun 16th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and oil; Nokia today cut its second-quarter financial forecast, the latest sign of the stiff challenges it faces from Apple's iPhone and Research In Motion's devices. Meanwhile, the White House and BP tentatively agreed that the oil giant would create a $20bn fund to pay claims for the worst oil spill in American history. The fund will be independently run by Kenneth Feinberg, the mediator who oversaw the 9/11 victims compensation fund, according to two people familiar with the deliberations.