World Health

Nokia and industrial investment company China Huaxin agreed to establish a joint venture combining Nokia China and Alcatel-Lucent Shanghai Bell (ASB) once the proposed merger of the Finnish equipment manufacturer with Alcatel-Lucent has been closed. This is stated in Nokia release . The move, which appears to resolve the question of what would happen to the European vendors' respective China-based assets following their merger, will see Nokia holding 50 per cent plus one share in the new joint venture, with China Huaxin holding the remainder. The proposed combination will require approval from Chinese authorities. Nokia stressed that the new joint venture "is conditional on and would be formed after the closing of Nokia's planned combination with Alcatel-Lucent." Under the terms of a memorandum of understanding, the new venture would operate under the English name of Nokia Shanghai Bell and would be registered in the China (Shanghai) Pilot Free Tra...

Too many people have become obsessed with an idea and quit their jobs impulsively only to find their potential business isn’t as strong as they thought it would be. Before you do anything reckless, be sure to take these five steps: 1. Make sure your idea is viable. This should go without saying, but unfortunately, it needs to be said. Billions of ideas are born every day, but not every idea is a good idea, and unfortunately, not every good idea is a viable idea. That “viability” factor is what usually fools people. In theory, your business idea might be brilliant—solving a very real need in an innovative and interesting way—but if it can’t be produced effectively or if the market isn’t ready for such a solution, even a great idea can fall flat. Your job, long before you put in your two weeks’ notice, is to thoroughly examine the viability of your idea . Do some market research. Look at your potential competition and see if they’re doing anything similar. See if anyone...