Telecom stocks helped to keep the FTSE afloat by the close of business today, but it could have look...
Telecom stocks helped to keep the FTSE afloat by the close of business today, but it could have looked much worse given that GlaxoSmithKline may face Internal Revenue Service litigation over alleged non-payment of U.S. taxes, according to the Wall Street Journal. The FTSE 100 gained 6.6 points to 4934.80, having dropped as much as 0.8% earlier in the day, largely because Vodafone added enough to wipe out Glaxo's losses. Vodafone climbed 2.5 pence, or 2.6%, to 99.5p after Nokia, the world's largest maker of mobile handsets, reiterated its estimate for earnings per share of between...
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