Money Matters: Microsoft buying Nokia's devices and services unit

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September 3, 2013, 7:50 am
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(NECN) – We’re checking business headlines:

There was a big move by Microsoft to try to catch up in the mobile phone market. Microsoft is buying Nokia's devices and services business for more than seven billion dollars. The deal also includes access to Nokia's patents. The companies say that when the deal closes in early 2014, about 32,000 Nokia employees will transfer to Microsoft.

Despite a recession that has slowed job market growth, several occupations have more than doubled their number of employees. 24-7 Wall Street compiled a list of the fastest growing jobs in the US, comparing employment figures for hundreds of occupations between 2002 and 2012. Topping the list: service unit operators working in natural resources extraction. Coming in second: petroleum engineers. Rounding out the top three: music directors and composers.    

U.S. car safety regulators are investigating following complaints about transmissions in some 2013 Nissan pathfinders and Infiniti j-x models. The complaints say the transmission cooler lines can leak fluid, leading to sudden loss of transmission power. The national highway traffic safety administration has begun an evaluation to assess the issue, which could lead to a recall. So far, no injuries have been reported.

And, watch your step! Nearly 3,000 LL Bean step stools are being recalled. As it turns out, they can slide or tip over. Six people have already been injured. The wood cottage step stools were sold in a number of LL Bean stores and online from December 2012 through June 2013. For refund information, log onto LLBean.com and search "recall."

Tags: Microsoft, recall, business , Money Matters, Nokia, LL Bean, 24/7 wall street, wood cottage step stool, car safety regulators, Nissan pathfinders, infiniti j-x, job market growth, service unit operators, petroleum engineers, music directors and composers
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