Nokia Corp., the Finnish cell phone maker, warned Tuesday that up to 46 million batteries used in some of its phones could be faulty and pose a risk of overheating. The advisory applies to BL-5C lithium-ion batteries manufactured by Matsushita from December 2005 to November 2006. Nokia (NOK) said 100 incidents of overheating of the batteries have been reported worldwide.
The world’s biggest home-improvement retailer reported Tuesday a 14.8 percent drop in second-quarter profit. The results beat Wall Street expectations, but its shares fell after executives made comments suggesting the sale of its wholesale distribution may not be a lock. Home Depot (HD) CFO Carol Tome said the chain would have to cut by nearly half the size of its stock buyback plan.