Nokia Closes Purchase of Siemens' Stake in Co.; Nokia Siemens Considering Cutting 8,500 Jobs

Nokia (NYSE: NOK ) has completed the acquisition of Siemens' (NYSE: SI ) stake in Nokia Siemens Networks. The transaction was originally announced on July 1, 2013. In accordance with this transaction, the Siemens name is being phased out from Nokia Siemens Networks' company name and branding. The new name and brand is Nokia