Daily business blog: Nokia still waiting to complete sale to Microsoft

March 24, 2014 

Nokia Corp. is still waiting for approval from regulatory authorities in Asia before it can finalize a sale of its mobile phone unit to Microsoft. The Finnish company said the $7.3 billion deal announced in September and expected to be completed in the first quarter of 2014. Learn more at http://www.bnd.com/business. ...

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There is still no word about when a major U.S. shipping channel in Texas will reopen after nearly 170,000 gallons of tar-like oil spilled there. More help was being called in Monday to contain the spill and protect important shorebird habitat. Find out more at http://www.bnd.com/business. ...

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President Barack Obama signed a law Friday that imposes mandatory price hikes of 25 percent every year on flood insurance for businesses and second homes, until the owners switch from a subsidized rate to one based on the real risk of flooding. Other homeowners face increases that are capped at 18 percent per year. Read more at http://www.bnd.com/business. ...

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As Ballpark Village prepares to open with opening day, developers are considering a residential tower at the site, the St. Louis Business Journal reports. For more information, go to http://www.bizjournals.com/stlouis.

-- Will Buss, BND business writer

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