Nokia Corporation Receives $414 Million Tax Bill from India; Zions Bancorporation Fails Federal Reserve Stress Test

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03/24/2014 [ACCESSWIRE]

Nokia Corporation (NYSE: NOK) – For an in-depth report on Nokia Corporation follow:

NOK closed down 3.63% on Friday with about 33.5 million shares traded. The company, which is currently embroiled in an Indian Supreme Court tax case, said on Friday it has received a new 300 million euro (250 million pounds) sales tax bill from Tamil Nadu, a claim it considered "absurd". According to the company, authorities in the southern state had alleged that handsets from Nokia's Chennai plant were not exported but instead sold in India. Products exported from India are exempt from tax.

Zions Bancorporation (NASDAQ: ZION) - For an in-depth report on Zions Bancorporation follow:

Shares of Zions Bancorporation closed down about 5.30% this past Friday with about 15.6 million shares traded. The stock was one of the biggest decliners on the NASDAQ after failing to pass the Federal Reserve Stress Test. With Tier 1 common ratio of 3.5%, the company missed the minimum requirement of 5%.

Genius Brands International, Inc. (OTCBB: GNUS) - For an in-depth report on Genius Brands International, Inc. follow:

GNUS closed up a little over 22% this past Friday making it one of the biggest advancers in the OTCBB marketplace. The stock traded nearly 8 million shares compared to a average of about 500,000 shares. Genius Brands International is a global brand management company dedicated to providing entertaining and enriching 'content with a purpose' for toddlers to tweens.

Hemp, Inc. (OTC: HEMP) - For an in-depth report on Hemp, Inc. follow:

Shares of HEMP closed down about 6% on Friday with about 32 million shares traded. The stock was one of the biggest losers in the OTC market. The company’s wholly owned subsidiary Industrial Hemp and Medical Marijuana Consulting Company, Inc. (IHMMCC) has signed a consultant agreement with Global Links Corp. (GLCO), a holding company committed to exploring business opportunities in emerging industries, currently, the industrial hemp and medical marijuana industries. Per the Agreement, IHMMCC and Global Links Corp. will collaborate on launching a wide range of hemp and hemp-related products through GLCO`s subsidiary, Hemp Life Today.


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